The markets over the weekend stayed relatively flat, as Bitcoin hovered at $64K and Ethereum steadied at $1,800.
CoinMarketCap’s Crypto Fear and Greed Index stabilized at 35, slightly increasing from last week at 28, indicating risk-on optimism.
What Traders Should Watch Out for This Week
The macro focus is centered around the upcoming Fed’s July 28–29 FOMC meeting and an expected rate target range of 3.50%–3.75%, even though markets are expecting the Fed to leave rates unchanged. Still, global energy volatility and continued conflict between the US and Iran can escalate inflation, putting pressure on the Fed to hike rates.
The Q2 earnings cycle is picking up speed, with heavyweights Tesla and Google reporting this week, alongside GM, IBM, Intel, and Philip Morris serving as a critical barometer. Market participants will assess whether AI stocks will continue to redirect liquidity away from the digital asset space.
Here are the major economic indicators to watch out for this week:
- July 20: Monthly Treasury balances
- July 23: Initial jobless claims
- July 24: S&P flash U.S. services & manufacturing PMI
