The most important week for traders!

31 July 2024

The most important week for traders!The remaining days of this week mark the beginning of August, making it one of the most eventful weeks of 2024! The Federal Reserve, the Bank of England, and the Bank of Japan are making crucial economic decisions impacting global financial markets.

Key economic indicators, including changes in interest rates and the highly anticipated U.S. Nonfarm Payrolls report, will also be released this week.

The most important week for traders!

Track all events across countries in our Forex Economic Calendar.

At the same time, stock market investors are focused on the current U.S. corporate earnings season, with special attention to whether the hype around AI is really coming to an end.

Given the significant drop in U.S. stock prices last week, analysts will be closely watching the financial reports of major corporations this week. If tech giants like Meta (formerly Facebook), Apple, Amazon.com, AMD, and Intel maintain optimistic AI-related revenue forecasts, it could trigger a broader stock market recovery.

 

For crypto traders, the main event last week was Donald Trump's speech at a Bitcoin conference. Here are the key points from his speech:

  • Bitcoin is the ninth most valuable asset in the world. One day, it will surpass gold in market capitalization.
  • If we don't embrace crypto technologies, China will outpace us. I want the U.S. to lead in technology and all other sectors.
  • The United States will become the crypto capital of the planet.
  • Trump confirmed his intentions to make the U.S. a more favorable jurisdiction for crypto business, including mining.
  • Trump stated that he would create a strategic national reserve of bitcoins if elected.

Such bold rhetoric around cryptocurrencies only increases investor interest, injecting new money flows into the crypto world.

 

Don't miss the chance to invest in key market trends and earn with FreshForex. To help you get started, we are offering a 10% bonus on your balance with your first cryptocurrency deposit!

The most important week for traders!

If you have any questions, don't hesitate to contact us:

 

Good luck in trading!
FreshForex — forget other brokers.

 

All news

Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .