Over the weekend, the market is in a low-volatility consolidation phase as Bitcoin hovered at $65K and Ethereum still stabilized at $1,900. If a U.S.-Iran deal in Hormuz holds, it will pressure oil prices and lead traders to choose risk assets.
The Crypto Fear and Greed Index is currently sitting at 41. This shows that while traders are cautious, there’s still a hint of optimism in the air.
What Traders Should Watch Out for This Week
The big focus for the next few days will be the US CPI report (inflation data). Following some weak jobs numbers lately, traders are also watching to see if Fed officials will signal a more aggressive stance on interest rates.
Earnings season continues with big AI-focused companies like AMAT and CSCO reporting. These results could shift momentum across different sectors, especially given the ongoing AI boom. Also, keep the Iran-Strait of Hormuz situation on your radar; it’s a major factor that could either ease market pressure or drive up commodity prices and inflation.
Here are the major economic indicators to watch out for this week:
- August 11: NFIB index of small business optimism, existing home sales
- August 12: CPI, CPI Core, Y/Y%, and monthly treasury balance
- August 13: Weekly jobless claims, PPI, and ex-food & energy PPI, M/M%
- August 14: Retail sales, manufacturing & trade: inventories, U. Michigan prelim consumer survey
