Important News:
In the USA, incoming data can pump or dump the markets. Let's look at August 18th, when housing market data will come out, which will reveal whether the housing sector is hot or cold. If it turns out strong, the market might pump a bit. Then on August 19th, retail sales data will come out, which will show how much people are spending. If it's up, both stocks and crypto could have a good mood. On August 21st, the minutes of the Fed's previous meeting will be released. If it seems like the Fed is slowing down its interest rate hike mood, the market will go up, otherwise it'll go down. And on August 22nd, Jerome Powell will speak at the Jackson Hole conference. If he takes a dovish tone, meaning signaling rate cuts or holding, a rally could happen, otherwise if he's hawkish, a dump could occur."