Economic calendar!
Last week, economic data was scarce but had a noticeable impact on the cryptocurrency market. For example, US employment data contributed to the correction in the last two trading days of the week. For this new weekly calendar, the impact may be greater.
The latter is due to highly significant data, such as the Federal Open Market Committee (FOMC) meeting in the United States. This meeting will determine the monetary policy of the Federal Reserve (Fed), which has a tremendous impact on the financial sector.
For now, the expectation is that interest rates in the United States will remain unchanged. Last week's employment data likely reinforces this outlook.
However, the most important part of this meeting will be the regular press conference of Fed Chairman Jerome Powell. In this conference, markets will be looking for any clues from the leader that may help shape expectations about possible future interest rate cuts.
The FOMC meeting is not the only important data expected this week. For example, the US consumer confidence report and the UK M4 money supply report are also anticipated. Important PCE inflation data from the USA will also be released.
As you can see, this was a week full of important data for the cryptocurrency and stock markets as well.
The economic data that the cryptocurrency market will face this week
As usual, in this report, we provide a weekly agenda with data that is likely to impact the performance of digital currencies. Therefore, we have excluded other data that, while of interest to other markets, is not significant for the digital asset sector.
🚨Monday:
Retail and wholesale products sold in the UK (CBI).
🚨Tuesday:
M4 money supply in the UK.
Trade balance of goods in the United States.
New job openings (JOLTS) in the USA
US Consumer Confidence Report from the Conference Board
🚨Wednesday:
Retail sales data in Germany.
Preliminary quarterly GDP report in the European Union.
Quarterly GDP forecast report in the United States.
FOMC monetary policy report and subsequent press conference by Jerome Powell in the USA.
Retail sales and industrial production in Japan.
Industrial and non-industrial PMI in China.
Monetary policy decision in Japan.
🚨Thursday:
Consumer confidence report from Japan.
Preliminary inflation report of the EU CPI.
Unemployment rate in the EU.
Challenger job cuts year over year in the USA
PCE inflation in the USA
US Employment Cost Index
Weekly unemployment claims in the USA
Personal income and expenditures in the USA
Chicago PMI.
Unemployment rate in Japan.
Final manufacturing PMI report in Japan.
Caixin manufacturing PMI in China.
🚨Friday:
Final industry PMI in the EU.
Final manufacturing PMI in the UK.
Quick report on EU CPI inflation.
US Non-Farm Payrolls report
Unemployment rate in the USA
Final industry PMI in the USA
Revised report from the University of Michigan on consumer sentiment and inflation expectations
