Important events for the crypto market on May 10 from the economic calendar.

This morning, data on UK GDP for the first quarter of 2024 has already been released. And they are better than forecasts. Which resonates with weak US GDP data for the same period. At this rate, the risks of recession for the United States will be greater than for Europe. Also, in the future, if the trend continues, such GDP data will be a weakening factor for the US Dollar Index DXY (the pound sterling is included in the formula for its calculation). The Index has an inverse correlation with risky US markets.

Schedule for the rest of the day:

- 14:30 Kyiv time and Moscow time / 16:30 Astana time - Publication of the minutes of the meeting of the European Central Bank on monetary policy. Important for the euro included in the DXY formula.

- 16:00 Kyiv time and Moscow time / 18:00 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).

- 20:30 Kyiv time and Moscow time / 22:30 Astana time - Speech by a member of the US Federal Reserve, Deputy Chairman for Supervision Barr (permanent chairman).

- 21:00 Kyiv time and Moscow time / 23:00 Astana time - Report on the execution of the US federal budget. Important for the prospects of “turning on the printing press” and the influx of “cheap” money into the markets of risky assets.