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#FebNonfarmPayrollsUnexpectedlyFall
Important Developments for Next Week
Clocks in the US have moved forward by 1 hour. Since Turkey does not observe daylight saving time, the time difference between the US and Turkey has decreased from 8 hours to 7 hours. Accordingly, the US markets' regular session will start at 16:30 instead of 17:30 Turkey time and will close at 23:00 instead of 00:00.
Data flows will also be affected by the schedule change. Critical data such as inflation, employment, and growth published at 16:30 in the US will be announced at 15:30 Turkey time.
Tuesday
- South Korea's ruling Democratic Party and the Financial Services Commission will limit major shareholdings in local crypto exchanges to 20%, with a 3-year compliance period for Upbit and Bithumb.
- The date indicated by the Succinct project with the phrase "everything will change" is $PROVE
Wednesday
- The US Annual Inflation Rate (CPI) will be announced at 15:30 (expectation 2.5, previous 2.4)
Thursday
- Central Bank of the Republic of Turkey interest rate decision - 14:00 (expectation and previous 37%)
- Under the transactions conducted by the New York Fed, a reinvestment of $13.4 billion and a reserve management purchase of $40 billion are expected. These steps in the Fed’s balance sheet and liquidity management are closely monitored by the markets.
- The last day for the UK Financial Conduct Authority's (FCA) to gather opinions on the implementation of crypto asset regulation rules.
- Ardor will perform a mainnet upgrade $ARDR
Friday
- US Core Personal Consumption Expenditures Price Index (Annual) (PCE) will be announced at 15:30 (expectation 3.1, previous 3)
Saturday
- Polkadot will begin reducing its annual supply for the first time. Under the new model, the remaining issuance will be decreased by 13.14%, aiming for a more stable economic structure for the network.
Projects with key releases next week:
$DOT ~11.3 million units and ~$APT $11M total supply 1.13%( on Thursday, March 12
)~128.3 million units and ~$STRK $5M total supply 1.28%( on Sunday, March 15
)