Economic calendar of events on May 20-26 that can influence the crypto market.
A new week - continuous speeches by members of the US Federal Reserve. There are especially many of them on Monday and Wednesday. What is most important is one other speech tomorrow, May 21, by US Treasury Secretary Janet Yellen. Based on her statements, we can expect a surge in volatility in the markets.
Also this week, a series of macroeconomic data will be released for the US, Canada, UK, EU, and Japan. But all of them are secondary and should not cause volatility in the moment.
Key:
Monday, May 20:
- 04:15 Kyiv time and Moscow time / 06:15 Astana time - Base lending rate of the People's Bank of China. Already released, within the forecast. Important for assessing crisis risks. Also important in the future due to the Hong Kong factor for the crypto market.
- 15:45 Kyiv time and Moscow time / 17:45 Astana time - Speech by US Federal Reserve member Bostic (with dovish rhetoric and the right to cast a decisive vote).
- 16:00 Kyiv time and Moscow time / 18:00 Astana time - Speech by member of the US Federal Reserve, Deputy Chairman for Supervision Barr (permanent chairman).
- 16:00 Kyiv time and Moscow time / 18:00 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 - Speech by US Federal Reserve member Mester (a member with “hawkish” rhetoric and voting rights).
Tuesday, May 21:
- 02:00 Kyiv time and Moscow time / 04:00 Astana time - Speech by US Federal Reserve member Bostic (with dovish rhetoric and voting rights).
❗️ - 11:00 Kyiv time and Moscow time / 13:00 Astana time - Speech by US Treasury Secretary J. Yellen.
- 11:00 Kyiv time and Moscow time / 13:00 Astana time - ECB Head Lagarde will give a speech. Important for the Euro and for the US Dollar Index DXY.
- 11:20 Kyiv time and Moscow time / 13:20 Astana time - Speech by Fed Governor Krozner.
- 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. Included in the formula for calculating the DXY US Dollar Index, which has an inverse correlation with #BTC.
- 16:00 Kyiv time and Moscow time / 18:00 Astana time - Speech by US Federal Reserve member Waller (permanent member, closer to “hawkish” rhetoric and with a casting vote).
- 16:05 Kyiv time and Moscow time / 18:05 Astana time - Speech by US Federal Reserve member Williams (a member with “dovish” rhetoric and voting rights).
- 16:10 Kyiv time and Moscow time / 18:10 Astana time - Speech by US Federal Reserve member Bostic (with dovish rhetoric and the right to cast a decisive vote).
- 18:45 Kyiv time and Moscow time / 20:45 Astana time - Speech by member of the US Federal Reserve, Deputy Chairman for Supervision Barr (permanent chairman).
- 20:00 Kyiv time and Moscow time / 22:00 Astana time - Speech by the head of the Bank of England Bailey.
Wednesday, May 22:
- 02:00 Kyiv time and Moscow time / 04:00 Astana time - Speech by US Federal Reserve member Bostic (with dovish rhetoric and voting rights).
- 02:00 Kyiv time and Moscow time / 04:00 Astana time - Speech by US Federal Reserve member Mester (a member with “hawkish” rhetoric and voting rights).
- 09:00 Kyiv time and Moscow time / 11:00 Astana time - Consumer Price Index and Producer Price Index in the UK.
- 11:05 Kyiv time and Moscow time / 13:05 Astana time - ECB Head Lagarde will give a speech.
- 21:00 Kyiv time and Moscow time / 23:00 Astana time - Publication of the minutes of the US Federal Reserve meeting of May 1. As always - three weeks after the meeting. This is the Fed's detailed position on monetary policy and the prospects for raising interest rates. There will be volatility if unexpected details emerge.
Thursday, May 23:
- 03:30 Kyiv time and Moscow time / 05:30 Astana time - Business activity index (PMI) in the services sector of Japan. Important for assessing recession risks.
- 11:00 Kyiv time and Moscow time / 13:00 Astana time - EU data: Business Activity Index in the manufacturing sector (PMI), Business Activity Index in the services sector. Important for assessing the risks of recession in the eurozone and the prospects for the euro exchange rate.
❗️ - 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.
- 16:45 Kyiv time and Moscow time / 18:45 Astana time - Data for the USA: Business Activity Index in the manufacturing sector (PMI), Business Activity Index (PMI) in the services sector. Important for assessing the risks of recession in the States, prospects $.
- 22:00 Kyiv time and Moscow time / 00:00 new day Astana time - Speech by US Federal Reserve member Bostic (with dovish rhetoric and voting rights).
- 23:30 Kyiv time and Moscow time / 01:30 new day Astana time - US Federal Reserve balance sheet. While quantitative tightening continues. Although from June 1 it will slow down significantly.
Friday, May 24:
- 02:30 Kyiv time and Moscow time / 04:30 Astana time - National Core Consumer Price Index and National Consumer Price Index of Japan. Important for the Yen, which is part of the formula for calculating the US Dollar Index DXY.
- 10:45 Kyiv time and Moscow time / 12:45 Astana time - Speech by the Chairman of the National Bank of Switzerland Jordan. The Swiss franc is included in the formula for calculating the DXY US Dollar Index.
- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Base orders for durable goods and Volume of orders for durable goods in the USA. The data is important for understanding the American economy and the risks of a recession. In addition, for durable consumer goods, an indicator above the forecast is a positive indicator for #USD, while data below the forecast negatively affects the USD rate. That is, here we are talking about the movement of the#DXYIndex.
- 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).