According to Santiment (@santimentfeed), the upcoming FOMC meeting led by Jerome Powell is a pivotal event for both crypto and stock markets, as traders await the decision on potential interest rate changes. A rate hike could trigger short-term volatility and selling pressure in both Bitcoin and altcoins, as higher rates typically strengthen the US dollar and reduce speculative capital in risk assets (source: insights.santiment.net). Conversely, a rate hold or cut may fuel bullish momentum, encouraging inflows into crypto markets and driving up prices, given recent trends in risk-on asset rallies after dovish central bank signals (source: Santiment Twitter). Market participants are closely monitoring not only the decision but also forward guidance, as policy tone shifts can significantly impact crypto price action and trading strategies.

According to Omkar Godbole, the USD/JPY pair is showing significant movements influenced by macroeconomic factors such as interest rate differentials and geopolitical tensions. Traders should monitor the recent breakout levels as they could indicate a potential bullish trend continuation. Godbole suggests that the Japanese Yen's weakness, coupled with the US Dollar's strength, may offer trading opportunities in the forex market. [Source: Twitter @godbole17]

According to The Kobeissi Letter, as trade war concerns have intensified, the demand for gold has increased. A Bank of America survey reveals that 58% of fund managers believe gold will perform best under trade war conditions, despite the expectation of a stronger US Dollar. This indicates a potential rise in gold prices, as fund managers anticipate further growth in its demand amidst global economic tensions.