Next Week Macro Outlook: Powell to Appear Under Intense Pressure

By: theblockbeats.news|2025/07/19 20:02:06
0
Share
copy

BlockBeats News, July 19th. In the coming week, the PMI data for the manufacturing and services sectors in Europe and the U.S. will provide any signs of the impact of Trump's tariff policies. On the central bank front, the Federal Reserve enters a blackout period ahead of its July meeting, but Fed Chair Powell, who has recently been embroiled in a public relations storm, will make an appearance. Market participants will be holding their breath to see if he responds to Trump's recent attacks. The European Central Bank will announce its latest interest rate decision.

On Tuesday at 20:30, Fed Chair Powell will deliver welcoming remarks at a regulatory conference;

On Thursday at 20:15, the European Central Bank will announce its interest rate decision; at 20:45, ECB President Lagarde will hold a monetary policy press conference;

On Thursday at 20:30, the U.S. will release the initial jobless claims figure for the week ending July 19th.

Reports this week suggested that Trump had discussed the idea of firing Powell with other Republicans. However, he quickly downplayed these discussions, saying it was "highly unlikely" he would dismiss Powell. If Powell insists on defending the Fed's independence, reiterating the need for patience and waiting for more data to show the impact of tariffs, the dollar is likely to extend its recovery.

Nevertheless, it is premature to start discussing a bullish reversal for the dollar. Despite the positive reaction of the global reserve currency to recent tariff-related headlines, if tariffs intensify concerns about an economic downturn, traders may still react as they did in April by selling the dollar.

You may also like

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Guaranteed Price Now Live on WEEX: Execute with Greater Precision

To deliver a smoother futures trading experience, WEEX futures has launched a "Guaranteed Price" feature.

Morning News | Michael Saylor releases Bitcoin Tracker information; Aave releases post-attack investigation on Kelp rsETH bridge; Gravity Bridge announces service suspension after being attacked

Overview of Important Market Events on May 31

BIS's latest research: The future of stablecoins and the global monetary landscape

The report believes that stablecoins will strengthen the dominance of the US dollar in the short term, posing risks to the monetary sovereignty of emerging markets and developing economies, while the long-term trajectory will depend on their adoption models, regulatory responses, and the synergy of ...

Interview with macro master Raoul Pal: The AI competition is giving rise to an "economic singularity," don't easily give up your chips in the next four years

Compared to Nasdaq, Bitcoin is currently in a severely oversold position within its long-term trend.

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times his investment in storage stocks? (Six) - The Trap of Homogeneous Products

In-depth analysis of the cyclical curse of storage stocks: The short-term windfall brought by AI is unsustainable, and rigid capacity will ultimately backfire on prices. Beware of the "low price-to-earnings ratio" wealth trap at the cyclical peak.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com