According to BlockBeats, the global market will face a double test this week: macroeconomic conditions and earnings reports. From July 27th to August 2nd, the Federal Reserve and the Bank of Japan will announce their interest rate decisions, and tech giants such as Meta, Microsoft, Apple, Amazon, Qualcomm, and ARM will release their earnings reports, potentially amplifying market volatility.
On the macro front, the US FOMC will announce its latest interest rate decision at 2:00 AM Beijing time on Thursday, followed by a monetary policy press conference by Federal Reserve Chairman Powell at 2:30 AM. On the same day, the US will also release initial jobless claims for the week ending July 25. The market will focus on the Fed's latest statements regarding inflation, employment, and the path of interest rate cuts this year. On Friday, the Bank of Japan will announce its interest rate decision, followed by a press conference by the governor; the yen, Japanese government bonds, and Asian risk assets may be affected.
Regarding US stock earnings reports, this week sees a concentrated release of results from leading tech companies. On Wednesday, SK Hynix will release its Q2 earnings report, and Seagate Technology will hold an earnings call. On Thursday, Meta, Samsung Electronics, Microsoft, Qualcomm, and ARM will release their earnings or hold earnings calls. On Friday, Apple, Amazon, and Strategy& will release their earnings reports. AI computing power, cloud services, advertising, consumer electronics demand, and the chip cycle will be key areas of market focus.
In the crypto market, several tokens are still unlocking this week. On Monday, WAL unlocked 38.33 million tokens, and BTR unlocked 14.69 million; on Tuesday, XPL unlocked 297 million tokens, and SIGN unlocked 208 million; on Wednesday, HYPE unlocked 9.92 million tokens, and FF unlocked approximately 102 million; on Saturday, SUI unlocked approximately 13.72 million tokens, and EIGEN unlocked 38.35 million; on Sunday, ZAMA unlocked 280 million tokens, and ENA unlocked 111 million.