This week is an important central bank week, and the market is already on high alert because the market has high expectations. If the results are not as expected, volatility will surge. The protagonists this week are the Federal Reserve and the Bank of Japan, which may be the two most important central banks in the world.
The market's current expectation for the Fed is not a rate cut. Only very few people expect a rate cut this time. The market hopes to hear from Powell that they will cut interest rates in September, because the September rate cut has been reflected in the price, and the market needs confirmation from Powell.
The market also expects the Bank of Japan to take action, which may be to adjust its bond-buying plan or to raise interest rates slightly. In any case, the market wants to see action, so the Bank of Japan cannot disappoint the market.
If both central banks disappoint the market, if Powell is not so dovish and fails to confirm the September rate cut, and if the Bank of Japan does nothing, we will see the dollar appreciate, the yen may plummet, and cryptocurrencies will also fall. If only the Fed is dovish and the Bank of Japan does not act, the yen may still depreciate sharply, which in turn will be an appreciation of the dollar, which may still affect cryptocurrencies. Therefore, the actions of these two central banks and Powell's statement at the press conference will be crucial, and we must pay close attention to it, as all markets will be affected.
Yesterday's top gainer model $QKC also gave a signal early on, with the spot price almost doubling.
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