With the arrival of the first week of August, a series of important economic data is about to be released, which may have a significant impact on the financial markets. Investors should closely monitor the following key events:

First, the Federal Reserve will announce its latest interest rate decision on July 31. The market currently widely expects the Federal Reserve to keep interest rates unchanged, with a probability as high as 95.7%. However, there is still a slight 4.3% chance of a 25 basis point rate cut.

Secondly, there are several other economic indicators worth paying attention to this week. The highly anticipated non-farm payroll report will be released on Friday, which is an important indicator of the health of the U.S. labor market. In addition, manufacturing Purchasing Managers' Index (PMI) data from various countries will also be released, which can reflect the activity level of the global manufacturing sector. The Eurozone Consumer Price Index (CPI) data is also worth noting, as it will provide us with the latest information on inflation in Europe.

For cryptocurrency investors, the Federal Reserve's statements may have a significant impact on digital assets such as Bitcoin. Therefore, it is advisable to closely monitor the Federal Reserve's policy signals and their potential effects on the cryptocurrency market.

It is worth noting that when these important economic data are released, the market often experiences significant volatility. Therefore, investors, especially those participating in contract trading, should remain vigilant and manage risks effectively. It is recommended to operate cautiously before and after the data release to avoid unnecessary losses due to sudden market fluctuations.

Overall, the first week of August will be a key period with a dense release of economic data. Investors should stay vigilant and adjust their investment strategies in a timely manner to respond to potential market changes. At the same time, maintaining calmness and rationality, and avoiding impulsive decisions will help seize opportunities and mitigate risks in this uncertain market environment.