This week, the global financial market and geopolitical landscape are reaching a critical moment.

First, investors are focusing on the upcoming annual economic policy symposium to be held in Jackson Hole. The speech by Federal Reserve Chairman Powell will become the focal point of market attention. His remarks could have a significant impact on the direction of U.S. monetary policy. Market participants will closely monitor Powell's interpretation of recent employment data, as well as his views on future inflation trends. These factors will directly affect U.S. Treasury yields, gold prices, and even the movements of cryptocurrencies such as Bitcoin.

If Powell expresses concerns about poor performance in the job market, it may provide support for risk assets like Bitcoin. Conversely, if he chooses to downplay the weak employment data and emphasizes the need for time to assess inflation trends, it may weaken market expectations for multiple rate cuts this year, thereby pushing up U.S. Treasury yields and putting pressure on gold prices.

In terms of geopolitics, the meeting between European leaders and Ukrainian President Zelensky has attracted attention. At the same time, there are reports that Russian President Putin discussed a potential peace plan with former U.S. President Trump in Alaska. It is reported that this plan may involve Russia giving up some of the small areas of occupied Ukrainian territory, while Ukraine would need to cede a larger area in the east. If this news is true, it would have a profound impact on the resolution of the Ukrainian conflict.

Overall, the developments this week will have a significant impact on the global financial markets and the geopolitical landscape. Both investors and policymakers need to closely monitor the progress of these events and the potential ripple effects they may bring.