Traders note: This week has few important news from the US, but don't be complacent!
This week, the US financial markets are quite quiet in terms of economic news, creating a calm feeling before the "storm". However, traders still need to be very vigilant, especially as the Federal Reserve (#Fed ) is preparing for an important interest rate decision meeting next week.
The only notable highlight is the opening speech of Fed Chairman Powell at the banking industry conference on Tuesday (22/7). Although it is not a policy speech, any hints or subtle signals from Mr. Powell could still affect market sentiment.
Additionally, with the deadline of August 1 approaching, the market also expects new trade agreements. This information, although not directly related to interest rates, could still create unexpected volatility.
By Thursday (24/7), data on weekly unemployment claims in the US will be released. Although a slight increase is forecasted (229,000 compared to 221,000 previously), any significant deviation could trigger a market reaction.
In summary, although there aren’t many "blockbuster" news items, this is still a week for traders to be cautious and closely monitor small developments, especially signals from the Fed and trade agreements, to avoid being caught off guard by potential volatility. #anhbacong