This week we will face:

1. Fed meeting minutes – Wednesday

The Fed Minutes are detailed records of Federal Open Market Committee (FOMC) meetings. Reflects members' discussions on interest rate decisions, economic assessments and policy outlook. Meeting minutes often provide clues about the future direction of monetary policy, such as whether a rate hike or cut is likely. The market will carefully analyze the wording to speculate on the Fed's future actions, which will have an impact on the stock, bond and foreign exchange markets.

2. Global services PMI data – Thursday

PMI (Purchasing Managers' Index) is an important indicator of economic activity, and the service PMI particularly reflects the health of the service industry. This index is composed of data from multiple countries and covers business activities, new orders, employment, etc. A value above 50 generally indicates economic expansion, while a reading below 50 indicates contraction. The global services PMI data helps understand the overall direction of the global economy, especially the speed of recovery of the service industry in the later stages of the epidemic.

3. July Existing Home Sales Data – Thursday

Existing home sales data reflect market conditions for homes that have been built and are being resold. The data shows demand, home price trends and affordability in the U.S. housing market. Existing home sales are an indicator of the health of the economy because it affects not only the construction industry, but also home improvement, appliances, finance, and many other related industries. If existing home sales data is strong, it indicates higher consumer confidence.

4. July new home sales data – Friday

New home sales data focuses on sales of new homes, an important indicator for the construction industry. New home sales can show the vitality of the housing market and reflect changes in homebuyer demand, builders' supply capabilities and the economic environment. Strong new home sales data usually means strong economic growth, while weak data may indicate a slowdown or a lack of consumer confidence.

5. Speech by Fed Chairman Powell-Friday

Powell's speech is an event of great concern to the market because he is the leader of the Federal Reserve and his remarks often have a direct impact on financial markets. , which could trigger stock market volatility, impact bond yields and impact the U.S. dollar.

To sum up, this week will not matter whether it is the stock market or the currency circle.

think. relatively large fluctuations

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