Economic calendar of events July 15-21 that can influence the crypto market.
This week there are no clearly significant macroeconomic events. It's more of a performance week. But the key one is one, and it is today - the speech of the head of the US Federal Reserve Powell. There may be increased volatility at 19:30 Kyiv time and Moscow time / 21:30 Astana time.
Otherwise, during the week there are many speeches by members of the US Federal Reserve (Friday - as many as four). But they will rather allow us to understand the “general temperature in the chamber” and will not cause volatility in the markets at the moment.
A complete list of important events for the week is on the screenshots. Key:
Monday, July 15:
- Early in the morning, data on China's GDP in the second quarter of 2024 was released - slightly worse than forecast. Industrial production is slightly better than forecast, unemployment is within forecast. All this is important for the crypto market only indirectly - as part of assessing the situation in the global economy. But if the rumors turn out to be true and by the fourth quarter China actually lifts the ban on cryptocurrencies (or at least opens a “bridge” for the flow of money from mainland China to Hong Kong crypto funds) - all data on the Chinese economy will be very important.
❗️ - 19:30 Kyiv time and Moscow time / 21:30 Astana time - Speech by US Federal Reserve Chairman Jerome Powell.
- 23:35 Kyiv time and Moscow time / 01:35 new day Astana time - Speech by US Federal Reserve member Daly (with dovish rhetoric and voting rights).
Tuesday, July 16:
- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Core retail sales index and Retail sales volume in the USA. Important for assessing recession and inflation risks.
- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Core consumer price index and consumer price index in Canada. Important for the Canadian dollar, which is included in the formula for calculating the US Dollar Index #DXY.
Wednesday, July 17:
- 09:00 Kyiv time and Moscow time / 11:00 Astana time - Core consumer price index and consumer price index in the UK. Important for the pound sterling included in the DXY calculation formula.
- 12:00 Kyiv time and Moscow time / 14:00 Astana time - Basic consumer price index and EU consumer price index. Important for the euro, whose role in the DXY calculation formula is very large.
- 16:15 Kyiv time and Moscow time / 18:15 Astana time - Volume of industrial production in the USA. Important for assessing recession risks.
- 16:35 Kyiv time and Moscow time / 18:35 Astana time - Speech by US Federal Reserve member Waller (permanent member, closer to “hawkish” rhetoric and with a casting vote).
- 21:00 Kyiv time and Moscow time / 23:00 Astana time - Publication of the “Beige Book” of the US Federal Reserve (economic review by state). Important for understanding the general situation in the American economy and the risks of recession.
Thursday, July 18:
- 15:15 Kyiv time and Moscow time / 17:15 Astana time - Statement on the monetary policy of the European Central Bank. Important for assessing the risks of recession in the Eurozone and due to DXY.
❗️ - 15:30 Kyiv time and Moscow time / 17:30 Astana time - Weekly number of initial applications for unemployment benefits in the USA. The labor market is important for the US Federal Reserve's interest rate actions.
- 17:15 Kyiv time and Moscow time / 19:15 Astana time - Chairman of the European Central Bank Lagarde will give a speech.
❗️-23:30 Kyiv time and Moscow time / 01:30 new day Astana time - US Federal Reserve balance sheet. They will show how things are going in the financial sector; the Fed is entering the period of completion of quantitative tightening. Although Powell says the process is ongoing.
Friday, July 19:
- 01:05 Kyiv time and Moscow time / 03:05 Astana time - Speech by US Federal Reserve member Daly (with dovish rhetoric and voting rights).
- 02:30 Kyiv time and Moscow time / 04:30 Astana time - Japan's nationwide core consumer price index. Important for assessing the situation with the yen. Embedded in the DXY formula. In recent months, the national currency of Japan has fallen significantly in price relative to the $.
- 02:45 Kyiv time and Moscow time / 04:45 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).
- 17:40 Kyiv time and Moscow time / 19:40 Astana time - Speech by US Federal Reserve member Williams (a member with “dovish” rhetoric and voting rights).
- 19:45 Kyiv time and Moscow time / 21:45 Astana time - Speech by US Federal Reserve member Bostic (a member with “dovish” rhetoric and voting rights).