# A packed week: Fed decision, Big Tech earnings, and crypto expiry Four central bank decisions and key economic data set to shake the markets. - **Source:** [Kraken Blog](https://brifing.si/source/d5b3c3d8-9f4f-4485-9bd1-50ba4c5fe7ae) - **Published:** 2026-07-22 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/91f92af0-6544-44ed-8363-8d6590ae26dd ## Overview of the Busy Week Four major rate signals, including the Fed decision, GDP, and PCE data, will be released within two days. This tight schedule could trigger rapid repositioning in markets if the signals diverge. Investors should focus on the combined impact rather than any single event. ## Fed and Economic Data The Fed's rate decision will be announced on July 29, followed by GDP and PCE data on July 30. This two-day window could create significant volatility for rate-sensitive assets. Cryptocurrencies like BTC/USD and ETH/USD will be directly affected by these fluctuations. ## ECB and Bank of England Impact The European Central Bank and Bank of England will also announce their rate decisions the same week. While these decisions may not directly impact USD-based crypto pairs, they will shape global risk appetite. BTC/EUR and BTC/GBP pairs will be particularly sensitive. ## Coinbase and Strategy Earnings Coinbase and Strategy will report Q2 earnings a day after the Fed decision. These reports are significant as they are strongly correlated with crypto markets. Additionally, the expiry of BTC and ETH options at month-end could further increase market volatility. ## Big Tech Earnings Influence Earnings reports from major tech companies like Google, Microsoft, Meta, Apple, and Amazon will also be released the same week. While not directly impacting crypto, these reports could indirectly affect market sentiment. Investors should keep an eye on these releases. ## Key Takeaways for Investors This packed week is crucial for strategic positioning and risk management. Investors should evaluate the combined impact of all events rather than focusing on any single one. Those using leverage should review position sizes and stop-loss levels ahead of potential volatility. ## Sources covering this story - https://blog.kraken.com/economic-brief/july-22-2026 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._