The summer is hot and so are the cryptos! In recent days, cryptocurrency prices have skyrocketed while the stock market was recovering at the end of the week. So, what awaits us this week? Here are the important dates to check!
The context of the week:
Bitcoin (BTC) nearly broke its all-time record on Monday, thanks to several pro-crypto decisions by Donald Trump
Trade tensions have eased = the stock market rebounded well last week. The Nasdaq rose +3.9% over the week, the Dow Jones +2.8%
Tensions remain high in the Middle East, and the United States will discuss with Russia this week
Monday, August 11 – Bitcoin rises sharply + Japanese stock market closed
Bitcoin surged this Monday and nearly reached its July record! Given the super favorable context in the US, BTC could well break its record in the coming days (or even hours). It rose about +4% in 24 hours according to CoinGecko.
For your information: the Japanese stock market is closed today (public holiday).
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Tuesday, August 12 – Australian bank decision + end of the US/China pause
Several important things this Tuesday. First, the Reserve Bank of Australia announces its decision on rates.
In the US, the pause in the US-China trade war (they are fighting with tariffs) is coming to an end. But well, it should normally be extended by 90 days.
Key figures to watch:
United States : July inflation, July budget
United Kingdom : June unemployment
Germany : June trade balance & August economic sentiment
Japan : July money supply
Wednesday, August 13 – German inflation + US oil reserves
Today's data:
Germany : July inflation
United States : Oil inventories for the week
Brazil : June retail sales
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Thursday, August 14 – French inflation + UK & eurozone GDP
France is discovering its July inflation. The first figures indicate 0.9% (as in June).
Norway also announces its monetary policy. Other important figures:
United Kingdom : Q2 GDP & June industrial production
Eurozone : Q2 GDP and employment & June industrial production
United States : July producer prices, new unemployed
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Friday, August 15 – FTX repayment + Japanese GDP
Deadline for FTX creditors! It's the last day to come forward. Repayments will start on September 30. Total expected: $1.9 billion.
On the political side, historic Trump-Putin meeting on Ukraine. But without Zelensky, it might not lead to much.
🌐 Current news – Trump opens American retirement savings to cryptos!
Today's figures:
United States : July retail sales, foreign trade prices, industrial production, June business inventories, August consumer sentiment
China : July retail sales and industrial production
Japan : Q2 GDP, June industrial production
Also to keep an eye on this week...
The Sonic S course. Rumor: companies might use it for their cash flow.
An announcement from World Liberty Financial? The Trump family's company could raise funds to go public.
