China’s Ministry of Commerce just announced that the dispute over Nexperia has ended. This situation is important in terms of tension between China and the EU, supply chain discussions and resolving the chip issue. The USA had solved its problems, now the EU is eliminating the problems, which is positive for cryptocurrencies. But Thursday is the big day for cryptocurrencies. So what awaits us in the coming hours?
Thursday, November 20
cryptocurrencies The decision moment for this week is on Thursday and the action will begin hours later. BTC After the excessive sales it experienced, it turned upward again, but it has not yet reached the safe zone. The fact that we cannot see closings above 92 thousand dollars is also negative. The eagerly awaited episode later at 00:20 NVIDIA earnings report will be published.
The details we will see in this report will be important in removing the fog that covers the US economy and especially artificial intelligence and technology companies. To improve sentiment yesterday, Microsoft and the companies behind NVIDIA Claude signed a series of strategic partnerships. As we have explained in detail before, there is a significant burden on technology companies as crypto companies will not become profitable for at least 3-5 years. In order for the product to become profitable, it must bear the cost of tens of billions of dollars for a few more years. While this puts pressure on technology companies, it fuels AI bubble discussions and helps the decline in cryptocurrencies.
Peter Thiel’s macro hedge fund Nvidia Having sold the shares, the earnings report coming after hours should exceed expectations in order to dissipate the increasing uncertainty.
45% of fund managers surveyed by Bank of America in November said the AI bubble was the biggest risk to markets. In September, this rate was only 11%, and this survey alone helps us understand the decline.
What we will be monitoring in the report will be the state of demand for chips used for artificial intelligence, the capacity to fill new orders, and the financial impact on the company amid the Trump administration’s chip crackdown on China. Traders are almost certain to see a fluctuation of 8% or more following the report to be announced at 00:20. A 10% movement in a $5 trillion company would be equivalent to half a trillion dollars, meaning this would be a wave that could shake all markets. If it is in favor, this will be provided that buyers remain in play at the market opening on Friday. cryptocurrencies It would be very supportive.
The most actively traded Nvidia options are stocks that expect the stock to jump into the $195-$200 range, meaning the dominant sentiment is bullish.
Employment Figures
On Thursday, at 16:30 Türkiye time, that is, 1 hour before the US market opens, average earnings, unemployment rate and September non-farm employment figures will be available. Although the interest rate cut expectation in December has decreased, this expectation may recover with six incoming reports. Discount expectations for January may increase further. We will discuss the details of this report in detail after it is announced tomorrow.
The other key event as we move into Thursday will be the Fed Minutes. We will see it announced tonight at 22:00. In other words, the next 24 hours will host extremely high volatility for cryptocurrencies with the combination of 3 major events. We will look for details in the Fed minutes that are more dovish than Powell’s statements. While Japan’s possible December 18 interest rate increase was on the agenda, we experienced the carry trade shock that forced the Fed to cut. If the recent winds in Japan force the minutes to be more dovish, Fed member Williams may have some nice things to say about easing in the evening.
The agenda is busy and it is very important to stay up to date. We will do our best to ensure this in the next 24 hours.
