Big Week Ahead
• Wed, July 30 – FOMC rate decision
• Wed, July 30 – Powell press conference
• Thu, July 31 – US GDP (Q2, advance)
• Fri, Aug 1 – Nonfarm Payrolls (Jul)
Most probably, the Fed will not make any rate cut changes this Wednesday. But the focus will be on Powell's speech, and it's expected to be dovish. If he hints about a rate cut in the next FOMC rate decision then we may see a major alts rally getting started. Also, there have been some rumors of Powell's resignation too.
So either way, we may end up with significant volatility.
Stay Safe !!!