August 26th Financial Data and News Overview:
• Federal Reserve Officials Speak: "03:15 — Fed's Logan speaks and participates in a panel discussion" "07:15 — Fed's Williams delivers a keynote speech." Speeches from Federal Reserve officials often reveal signals about monetary policy, such as intentions regarding interest rate hikes, cuts, or maintaining rates, which can influence market liquidity and investor decisions regarding risk assets (including cryptocurrencies).
• Reserve Bank of Australia Releases Monetary Policy Meeting Minutes: "09:30 — RBA releases minutes from the August monetary policy meeting." The RBA's monetary policy can also affect the Australian dollar's movements and the flow of funds in global financial markets. Although its influence is relatively smaller compared to the Federal Reserve, unexpected policy leanings could indirectly impact the flow of funds in the crypto space and investor sentiment.
• Multiple U.S. Economic Data Releases: "U.S. July Durable Goods Orders MoM," "U.S. June FHFA House Price Index MoM," etc. As the world's largest economy, the performance of U.S. economic data directly affects the strength of the U.S. dollar, which in turn influences global financial markets. Strong economic data may enhance the dollar's attractiveness, diverting funds away from the crypto space; if the data is poor, it may trigger market concerns about economic recession, prompting some investors to allocate funds to cryptocurrencies and other assets for hedging purposes.
• Bank of Canada Governor Speaks: "Next day 02:45 — Bank of Canada Governor Macklem speaks." The policy views and content of speeches from the Bank of Canada may affect the Canadian dollar's exchange rate, thereby influencing the flow of funds in global financial markets and investor preferences for risk assets, indirectly impacting the crypto space.
However, A Yu reminds everyone: the crypto space is influenced by a variety of factors, including market sentiment, regulatory policies, technological developments, etc. The specific impact and direction of the aforementioned events on the crypto space are difficult to accurately estimate.