UK June seasonally adjusted core retail sales year-on-year

Fed Chairman Powell delivered a captivating speech at the Jackson Hole Annual Economic Policy Symposium, where the signals released were widely interpreted by the market as leaning towards easing. This statement immediately triggered a strong reaction in the financial markets, with investors adjusting their expectations for the future direction of monetary policy. The most striking part of Powell's speech is the statement that 'the balance of risks is changing.' This phrase is seen by market participants as a hint that the Fed's policy stance may undergo a significant shift. Combined with the recent signs of weakness in the labor market and the persistent easing of inflationary pressures, investors' confidence in the Fed's imminent shift towards rate cuts has greatly increased. The market reacted quickly and violently. The futures market showed that traders rapidly adjusted their bets on a possible interest rate cut in September, with the related probability once approaching 90%. This shift in expectations reflects the market's high sensitivity to the economic outlook and the direction of monetary policy. However, it is important to note that despite the strong market reaction, the Fed's actual policy decisions will still depend on the economic data performance over the next few months. Investors and analysts will closely monitor key indicators such as employment, inflation, and overall economic growth to assess whether the Fed will indeed take action in September. Powell's speech undoubtedly injected new uncertainty into the financial markets, while also providing important clues for the direction of economic policy in the coming months. Regardless of the final outcome, this speech will be viewed as a significant turning point in the discussion of monetary policy in 2023.

Recently, the price of Pepe coin has been fluctuating between $0.0000102 and $0.0000123, currently hovering around $0.000011. Despite a 5.8% fall over the past week and a 26.6% drop within a month, from a six-month perspective, Pepe coin has still maintained an 8.2% rise, which brings some confidence to long-term holders. The market is currently in a delicate balance. The 10-day and 100-day moving averages converge at $0.00001045, the momentum indicator is close to 50, and trading volume has shrunk, indicating that market participants are waiting and watching for the next direction. From a technical perspective, if Pepe coin can break through the level of $0.00001359, it may rise further to $0.00001573. However, if it fails to break this level, the price may fall back to $0.00000930, with a decline of about 18%. In the worst-case scenario, it may even test the low point of $0.00000715. Currently, Pepe coin is in a consolidation phase, waiting for a breakout opportunity. Investors, especially bullish holders of this coin, are closely watching market trends, looking for new entry points. However, it is important to remind that the cryptocurrency market has always been highly volatile. Investors should fully consider the risks and conduct in-depth research and analysis before making any decisions. Whether it is long-term holding or short-term trading, it is necessary to develop appropriate strategies and always pay attention to market changes.

Ethereum once again ignites a market frenzy, with its price climbing to a new height of $4887 on August 23, surpassing well-known companies like Mastercard and Netflix in market capitalization, placing it among the top 25 global assets. This surge is not only driven by investor sentiment but is also the result of multiple factors working together. First, the recent interest rate cut signals released by the Federal Reserve have injected new vitality into the cryptocurrency market. Second, the continuous capital-raising effect of the Ethereum ETF has significantly brought stable inflows of funds to the market. In addition, with the upgrade of the Ethereum network, the potential for staking rewards has been further unleashed, attracting more investors' attention. Notably, an increasing number of companies are beginning to view Ethereum as a long-term strategic asset, which undoubtedly enhances the market's confidence in its future development. In the cryptocurrency space, Bitcoin is often referred to as "digital gold," while Ethereum is gradually establishing its position as the "foundation of the digital economy." With the continuous fermentation of various favorable factors, industry insiders generally hold an optimistic view of Ethereum's prospects. Some analysts believe that the goal of Ethereum's price breaking through $6000 by the end of the year is not out of reach. However, investors still need to view market fluctuations with caution, closely monitor changes in the global economic situation and regulatory policies, and assess risks reasonably. Whether Ethereum can sustain its growth momentum in the future remains to be further validated by the market.

Ethereum (ETH) is dominating the direction of the entire crypto assets market, particularly having a huge impact on the altcoin market. Currently, most altcoins lack solid fundamental support, and their price fluctuations largely depend on the movement of ETH. If ETH experiences a pullback or moves sideways, these altcoins are likely to retreat to their original price levels. For investors who do not hold ETH but invest in other alts, the situation can be even more tricky. When ETH rises, alts often follow suit, but this is not due to natural capital inflows; rather, it is driven by investors' panic buying psychology (FOMO). However, this upward trend often lacks substantial fundamental support. Therefore, for investors currently holding alts with insufficient potential, it may be necessary to reassess their investment strategy. In the current market environment, timely closing positions and adjusting the investment portfolio may be a wise choice. Overall, it is crucial to understand the core position of ETH in the crypto assets market and its influence on the entire market. Investors should remain vigilant, pay attention to market trends, and make informed investment decisions based on their own risk tolerance.

Recently, the Crypto Assets market has shown diverse trends, among which Solana (SOL)'s performance is particularly noteworthy. Unlike other mainstream Crypto Assets, SOL's price remains stable above $200, demonstrating a strong rise. The characteristic of this wave of rise is that there are almost no significant pullbacks, reflecting the continuous strengthening of buying power. Meanwhile, the activity of the Solana network is also steadily increasing, further supporting its price trend. From a technical analysis perspective, if SOL can hold the key support level of $190, then $260 will become the next breakout target. This robust rising pattern has garnered widespread attention from market participants. It is worth noting that the Solana spot ETF has been launched in the US market. Currently, there is only one approved for trading, but five others are waiting for regulatory approval. This means that Solana may soon welcome new capital inflows, potentially triggering stronger upward momentum. At the same time, the entire Crypto Assets market is also showing positive signs. Mainstream tokens such as Ethereum (ETH) and Binance Coin (BNB) have reached new highs, and other tokens within the Ethereum ecosystem have generally risen. This widespread market optimism has even affected traditional financial markets, with a general rise in US stocks related to Crypto Assets. Despite the high market sentiment, investors should remain cautious and closely monitor market trends and potential risks. In this rapidly evolving field, it is crucial to obtain accurate information in a timely manner and maintain rational judgment.