This week is another crucial week for global markets, with the Jackson Hole Symposium set to be the main event.

The week ahead could be a crucial one for the markets, with economic data from the UK, the US, Japan and Australia keeping central banks on their toes.

Data from China and Germany could further influence global economic sentiment amid growing concerns about the U.S. economy.

The next week may be a critical one. The Federal Reserve and the Bank of England will focus on cutting interest rates in 2024, while the Bank of Japan will consider raising interest rates and reducing the purchase of Japanese treasury bond bonds.

The US service sector purchasing managers' index, second quarter gross domestic product, and inflation data released this week will affect investors' bets on multiple interest rate cuts by the Federal Reserve in 2024.

Although the overall inflation rate dropped to 2.5% in June, the core inflation rate remained at 2.9%, exceeding the general forecast, indicating that price pressure continues to exist.

For global financial markets, the next week may be a crucial one. The European Central Bank, the Federal Reserve, and the Chinese economy will be the focus.

In the third quarter, although the euro may recover to some extent, the market remains uncertain due to conflicting concerns about the French election and the Federal Reserve's loose policy.

DXY may rise at the beginning of the third quarter, especially during the French elections. However, if the Federal Reserve's initial interest rate cut expectation gradually becomes clear this quarter, DXY may fall later.

US inflation data and testimony from Federal Reserve Chairman Powell this week may strengthen investors' bets on the Fed's September rate cut.

Although elections in Europe are highly anticipated, the Bank of Japan and the Reserve Bank of Australia will also be the focus as investors consider a possible interest rate hike in the third quarter of 2024.

IG retail trader data shows that 81.43% of traders are net bullish, with a long short ratio of 4.39 to 1.

Currently, traders still hold a bearish attitude towards the Japanese yen against a range of other currencies.

The US personal income and expenditure report released on Friday will be key data. The downward trend in personal income and expenditure, as well as weak data on the core PCE price index, may further drive expectations of the Federal Reserve's interest rate cut in September.

In the coming week, US PMI data and US employment reports may determine investors' bets on the Fed's September rate cut.

The comments of members of the Federal Open Market Committee, China's economic indicators, and key statistical data from Germany and Japan will attract the attention of investors in the coming week.

This week is an important week for global financial markets, as central bank officials from multiple countries will deliver speeches, providing investors with more clues on the timing of interest rate cuts. In addition, the multiple economic data that China will release is also worth market attention.