A new week approaches for the cryptocurrency market, and with it, economic data that could have a significant impact on prices. This article provides a detailed economic calendar with key events that may influence the price of Bitcoin and other cryptocurrencies.
The first part of the week should have moderate data, but the scenario changes with the approach of the final days. The big highlight is the PCE inflation index for July, the Federal Reserve's (Fed) preferred indicator for defining its monetary policy. The market's reaction to this data could be strong, so it is crucial to keep an eye on it.
In addition to the PCE, other important reports, such as consumer confidence and inflation expectations from the University of Michigan, will also be released. They provide a clear insight into consumer sentiment and may complement the data from The Conference Board.
To complete the week, we will have several public appearances by Fed officials, which may bring new information about the direction of economic policy. Overall, the calendar is full of important data that could be crucial for Bitcoin.
It is essential for investors to pay attention to this and the upcoming weeks. At least until the end of September, data on inflation and employment will have a huge influence on the cryptocurrency market.
The data calendar that may impact Bitcoin 📈
As usual, here is the daily list of important events for the crypto sector:
🚨Monday:
* New home sales in the US.
* Logan and Williams' speeches at the FOMC.
🚨Tuesday:
* CPI inflation in Japan.
* Barkin's speech at the FOMC.
* Consumer confidence survey from the Conference Board.
* Richmond Manufacturing Index.
🚨Wednesday:
* Barkin's speech at the FOMC.
* Economic expectations from UBS.
🚨Thursday:
* M3 money supply in the EU.
* ECB meeting minutes.
* Preliminary quarterly GDP in the US.
* Weekly unemployment claims.
* Waller's speech at the FOMC.
* Employment and industrial production data in Japan.
🚨Friday:
* Consumer confidence in Japan.
* Consumer spending in Germany.
* PCE inflation in the US for July.
* Balance of traded goods in the US.
* Personal income and spending in the US.
* Preliminary wholesale sales inventories.
* Chicago PMI.
* Revised data on consumer sentiment from the University of Michigan.
