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When Powell speaks: the exact time of the Fed's speech tonight
I trade across the entire crypto market and traditional financial markets, keeping a close eye on the speech that Federal Reserve Chair Jerome Powell will deliver this evening. The Fed’s top official’s communication is one of the most anticipated moments of the week, with the potential to significantly move the prices of Bitcoin, Ethereum, and other digital assets.
Exact timing: 19:30 local time for Powell’s speech
Powell’s speech is scheduled for 19:30 (7:30 PM) according to local time. This timing is crucial for traders, as it provides an opportunity to gather direct signals about the Fed’s future monetary policy direction and the possibility of interest-rate cuts in the coming months.
Why this speech moves markets and what to expect
Every public appearance by Powell is closely scrutinized by market participants, since his words can offer clues about the direction of interest-rate policy. Investors and traders look for hints on the timing and the likelihood of future interest-rate cuts. In the past, similar announcements have triggered significant and rapid moves in the prices of major assets. Market volatility is expected to intensify immediately after the speech ends.
Volatility ahead: trading strategies for tonight
The anticipation of this economic event suggests preparing for decisive and potentially abrupt price swings. For anyone planning to trade tonight, it’s essential to adopt strict risk management. Among the recommended precautions: lock in profits quickly in case of upward moves, keep positions well sized, and don’t overexpose yourself. Caution in trading combined with decisiveness in execution remains the best strategy when Powell speaks.
The main cryptocurrencies to watch during the speech—Bitcoin (BTC), Ethereum (ETH), and other key assets—could see significant changes. Other opportunities may also arise in the days that follow, so there’s no need to chase the move with excessive risk.
Stay informed and get your trading strategies ready before Powell takes the floor this evening.