This week is crucial, as it is the last week for the release of macroeconomic data for this year, with key indicators being unveiled one after another:
On Tuesday, retail sales data will be released, which is essential for assessing the health of the consumer market.
On Wednesday, the market will focus on the Federal Reserve meeting, which will convene as scheduled, accompanied by the FOMC (Federal Open Market Committee) resolution. This meeting is very likely to bring significant volatility to the market, necessitating close attention to its policy direction and economic outlook.
On Thursday, GDP data will be released, providing us with a comprehensive view of the overall economic condition. Additionally, the monetary decisions of the Bank of Japan and the British pound will also be announced, all of which will have a significant impact on the global market.
On Friday, PCE (Personal Consumption Expenditures) price data will be released, which is one of the key indicators for measuring inflation levels in the United States.
As the Federal Reserve meeting approaches, market volatility may significantly increase.
In the same week, we should not be surprised to see the Bitcoin at 110,000 and 90,000!