Economic calendar of events from October 21-27 that could impact the crypto market.
In terms of macroeconomics, the schedule shows another quiet week. We would like to remind you that the next meeting of the US Federal Reserve is getting closer. It is already November 7. This week, everything that can cause increased volatility in the crypto market at the moment will happen on Thursday and Friday.
The full list of important events for this week is on the screens. Key:
Monday, October 21:
This morning, data on production inflation in Switzerland has already come out, they are better than forecast and this is positive for The only important event was the decision of the People's Bank of China on the interest rate. And it was reduced more than forecast. Which, given the measures to stimulate the Chinese economy, is not surprising. There is an opinion that China is the first to inflate financial bubbles and the first to deflate them. Let's see how it will be this time.
Tuesday, October 22:
This morning, the US Federal Reserve Board members Daly and Harker have already spoken. And - no surprises. Commitment to the inflation target of 2, denial of the risks of recession. Also without surprises were the speeches of the head of the Bank of England Bailey and the head of the European Central Bank Lagarde. There are no other important events today.
Wednesday, October 23:
- 16:00 Kyiv and Moscow time / 18:00 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the "hawks").
- 16:45 Kyiv and Moscow time / 18:45 Astana time - Bank of Canada interest rate decision, accompanying statement, publication of the Bank of Canada monetary policy report. The Canadian dollar is included in the calculation of the US Dollar Index #DXY. Plus, the decision may affect the Fed interest rate forecasts. The current forecast for the Bank of Canada is a rate cut of 0.5 percentage points.
- 17:00 Kyiv and Moscow time / 19:00 Astana time - European Central Bank President Lagarde will give a speech. Important for the euro, which plays a key role in calculating #DXY.
- 21:00 Kyiv and Moscow time / 23:00 Astana time - Publication of the US Federal Reserve System's Beige Book (economic overview by states). Important for understanding the overall situation in the American economy, the risks of recession.
- 23:30 Kyiv and Moscow time / 01:30 new day Astana time - Speech by Bank of England Governor Bailey. Important due to the role of the pound sterling in the DXY calculation.
Thursday, October 24:
❗️- 15:30 Kyiv and Moscow time / 17:30 Astana time - Weekly number of initial applications for unemployment benefits in the US. The labor market is important for the US Federal Reserve's actions on the interest rate.
- 16:45 Kyiv and Moscow time / 18:45 Astana time - US Manufacturing PMI, US Services PMI. Important for the US Federal Reserve's interest rate actions and for assessing recession risks.
- 18:20 Kyiv and Moscow time / 20:20 Astana and 22:45 Kyiv and Moscow time / 00:45 new day Astana time - Speech by Bank of England Governor Bailey.
❗️- 23:30 Kyiv time and Moscow time / 01:30 new day Astana time - US Federal Reserve Balance Sheet. Quantitative tightening there continues week after week, there is no good news for risky asset markets yet.
Friday, October 25:
❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - US Durable Goods Core Orders for September, US Durable Goods Orders for September. The data is important for understanding the situation in the US economy and the risks of recession. In addition, for durable goods, the indicator is higher than the forecast - a positive indicator for #USD, and data below the forecast has a negative impact on USD. That is, here we are also talking about the movement of the#DXYIndex.
- 17:00 Kyiv and Moscow time / 19:00 Astana time - Expected inflation from the University of Michigan, Consumer inflation expectations index in the US for 5 years from the University of Michigan, Consumer expectations index from the University of Michigan, Consumer sentiment index from the University of Michigan. We continue to monitor them after the publication of these data became a reason for increased volatility this year.
Saturday, October 26:
- 18:20 Kyiv and Moscow time / 20:20 Astana time - Speech by Bank of England Governor Bailey.
