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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
📊 Important Data and Events Preview for Next Week (Be Sure to Read)
Next week will see a series of significant data and events.
It may have a significant impact on global market sentiment and asset prices, especially the volatility of cryptocurrencies. The following are the key time points:
The Federal Reserve's interest rate meeting and several important macroeconomic data will be announced successively, and market volatility may significantly increase.
1. Tuesday evening (Beijing time 20:30)
• August retail sales data in the United States: As a key indicator of consumer activity in the U.S., this data directly reflects the consumption situation which accounts for about 70% of the U.S. economy. Recent weakness in the job market has raised concerns about a recession, making retail sales an important "barometer" for the market's interpretation of economic health, also known as "terrifying data."
• U.S. Import Price Index for August: August is the first month after the implementation of the reciprocal tariffs, and the changes in import prices are of significant reference value for inflation trends.
2. Thursday early morning (Beijing Time 02:00)
•Federal Reserve Interest Rate Decision: The market widely expects a 25 basis point rate cut this time, which has been highly priced in. However, the key lies in the Fed's dot plot and Powell's statements at the press conference at 2:30. Investors should pay attention to the language regarding the policy direction for the next two meetings, especially whether any signals of further easing will be released.
3. Friday (Bank of Japan Interest Rate Decision)
• For a long time, Japan's ultra-low interest rate and negative interest rate policies have made the yen one of the global funding currencies. Changes in its interest rate policy not only affect the yen's movements but also have spillover effects on global capital flows and risk preferences. Last year's multiple global market volatility events were related to expectations of Japan's policy adjustments, so this decision still needs to be closely monitored.
Overall, next week the market focus will be on US consumption and inflation data, the Federal Reserve's interest rate cut and forward guidance, as well as the Bank of Japan's policy direction. Investors need to manage volatility and pay attention to the correlation between the US dollar, Japanese yen, and US Treasury yield.
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