31 July 2024
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.
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:
Such bold rhetoric around cryptocurrencies only increases investor interest, injecting new money flows into the crypto world.
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If you have any questions, don't hesitate to contact us:
Good luck in trading!
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