From tonight until tomorrow morning, the financial markets will welcome a rare bombardment of policy signals—from the Fed's meeting minutes to Nvidia's earnings report, and then to the Asian Central Banks speaking in succession. This combination of "overlapping time windows + information overload" often leads to short-term chaos in market sentiment.

**The Fed's Triple Strike in the Early Morning**
First, let's look at the schedule: At 1:45 AM, FOMC voting member and Richmond Fed President Barkin will discuss the economic outlook; at 3:00 AM, the FOMC monetary policy meeting minutes will be released, and at the same time, New York Fed President Williams will also speak. The speeches of these three individuals carry significant weight, especially the meeting minutes - which will reveal the true divisions within the Fed regarding inflation, employment, and the pace of interest rate cuts. If the minutes lean hawkish (for instance, emphasizing "inflation resilience"), risk assets may face short-term pressure; if they hint at dovish signals (such as "concern about economic downside risks"), the market may bet on easing expectations in advance.

**NVIDIA's Earnings Report AI Narrative Examination**
At 5 AM, Nvidia announced its financial report. This is not just the performance of one company, but a barometer for the global AI investment craze. If the data exceeds expectations, tech stocks and the Nasdaq will likely experience an upward momentum, which will also affect the AI concept sector in the crypto market; if it falls short of expectations, it may trigger panic selling related to the "AI bubble theory." After all, the emotional fluctuations of the U.S. tech giants have historically had a spillover effect on the crypto space.

**Funding variables in the Asian session**
The morning was also restless. At 9:20, a major country's Central Bank had 190 billion reverse repos maturing, which directly affects short-term liquidity; at 9:30, Bank of Japan board member Junko Koizumi spoke—Japan has recently been frequently signaling interest rate hikes, and if she hawks again, risk aversion in Asian markets will rise, and the global tightening of liquidity is not friendly to all risk assets.

**How to view this "policy signal game"?**
To be honest, at moments when multiple threads of information flood in simultaneously, the market is likely to become chaotic before clarifying its direction. When positive and negative news intertwine, don’t rush to place heavy bets—wait for the dust to settle, and the market will provide the answers itself. Sideways? Unlikely. Volatility? Almost certain. Observe calmly, and don’t let short-term noise skew your rhythm.