Greeks.live: The market trend remains weak, but the risk of a sharp drop has been eliminated, and market confidence has recovered to some extent

Greeks.live macro researcher Adam released relevant information about this week's major events (8/19-8/25) on the X platform: This week is the most important macro week, and the Jackson Hole Global Central Bank Annual Meeting will start this Thursday. The news about the yen rate hike and the US dollar rate cut is the most eye-catching. The Bank of Japan and the Federal Reserve will both make important speeches, which will affect the direction of the entire capital market. At the same time, several important monetary policy meeting minutes will be released this week. In conjunction with the central bank's annual meeting, the probability of the Federal Reserve's interest rate cut in September will be the best macro observation indicator, which deserves the market's continued attention. This week's major events: Tuesday, August 20 The Reserve Bank of Australia released the minutes of the August monetary policy meeting Swiss National Bank President Jordan delivered a speech Wednesday, August 21 2024 FOMC voting member, Atlanta Fed President Bostic delivered a speech Thursday, August 22 The number of initial jobless claims in the United States that week The Federal Reserve released the minutes of the monetary policy meeting The European Central Bank released the minutes of the July monetary policy meeting The Jackson Hole Global Central Bank Annual Meeting was held Friday, August 23 Bank of Japan Governor Kazuo Ueda and Japanese Finance Minister Shunichi Suzuki attended the congressional hearing Federal Reserve Chairman Powell delivered a speech on the economic outlook at the Jackson Hole Annual Meeting Bank of England Governor Bailey delivered a speech at the Jackson Hole Annual Meeting Crypto Market Outlook: The market trend is still weak, but the risk of a sharp drop has been lifted, market confidence has recovered, and the IV of major maturities continues to fall. At present, IV is relatively at a medium level, and there is still downward pressure this week. After the end of the central bank's annual meeting this week, no matter what the result is, the medium- and short-term IV is likely to drop a step. The cryptocurrency market continues to maintain the wide range of fluctuations formed since March, with ETH still sluggish.