On February 7th, the cryptocurrency market accelerated its decline this week. Although a brief rebound occurred on Friday, the fragile market sentiment will continue to be tested next week. Next week is packed with important macroeconomic events and data releases, including US-Iran negotiations, the Japanese election, US non-farm payrolls, and CPI figures. A detailed preview is as follows:
Macroeconomic data and speeches by Federal Reserve officials:
At 00:00 on Tuesday, the US New York Fed's 1-year inflation forecast for January will be released.
At 2:30 AM on Tuesday, Federal Reserve Governor Waller will speak on digital assets;
At 04:15 on Tuesday, Atlanta Fed President Bostic, a 2027 FOMC voting member, will speak on monetary policy and the economic outlook.
At 21:30 on Tuesday, the US December retail sales month-on-month rate, the US fourth quarter labor cost index quarter-on-quarter rate, and the US December import price index month-on-month rate will be released.
At 01:00 on Wednesday, Hamak, a 2026 FOMC voting member and president of the Cleveland Federal Reserve, will speak on "Banking and Economic Outlook."
At 02:00 on Wednesday, Dallas Fed President Logan, a 2026 FOMC voting member, will deliver a speech;
At 21:30 on Wednesday, the US January unemployment rate, seasonally adjusted non-farm payrolls, average hourly earnings year-on-year/month-on-month growth, and the final reading of the US 2025 non-farm payrolls baseline change (unadjusted) will be released .
At 15:00 on Thursday, the following data will be released: UK Q4 GDP annual rate (preliminary), UK December three-month GDP monthly rate, UK December manufacturing/industrial production monthly rate, and UK December seasonally adjusted goods trade balance.
At 08:00 on Friday, Dallas Fed President Logan, a 2026 FOMC voting member, delivered a welcome speech at an event, with Fed Governor Milan in attendance.
At 21:30 on Friday, the following data will be released: US January Unadjusted CPI Year-on-Year Rate, US January Seasonally Adjusted CPI Month-on-Month Rate, US January Seasonally Adjusted Core CPI Month-on-Month Rate, and US January Unadjusted Core CPI Year-on-Year Rate.
US-Iran negotiations:
On February 6, local time, Trump stated that the United States and Iran had held "very good talks" and that Iran was "very eager" to reach an agreement. He indicated that the United States would resume negotiations with Iran next week. He reiterated that Iran cannot possess nuclear weapons. Trump also authorized his administration to impose tariffs on countries trading with Iran, but did not immediately impose any new tariffs.
Japanese General Election:
Sanae Takaichi announced that Japan will hold a general election on February 8. The election results could signal a meaningful shift towards a more accommodative fiscal policy, including tax cuts and increased government spending, at a time when Japan is already one of the world's most heavily indebted nations. Market analysts suggest that a more expansionary policy stance could put pressure on Japanese government bonds, weaken the yen, and complicate the Bank of Japan's efforts to normalize monetary policy.
