Important events for the crypto market on May 31 from the economic calendar. 

The key event of the day is in the States, according to personal consumption expenditure indices. At the moment, there may be increased volatility in the crypto market. As for the rest, events are more important in the future.

This morning, data on industrial production in Japan (worse than forecast) and a pool of data on the Chinese economy (also worse than forecast) have already been released. Both countries are important in their own way for the future of the crypto market and the figures raising the issue of the risk of crises are, although very indirect, negative.

Schedule for the rest of the day:

- 12:00 Kyiv time and Moscow time / 14:00 Astana time - Basic consumer price index and EU consumer price index. Important for assessing euro inflation risks. The Euro is the key currency in the DXY Index calculation formula.

  ❗️ - 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic price index of personal consumption expenditures and Price index of personal consumption expenditures in the USA. Expenses of individuals in the USA. Indices are important for assessing the results of the US Federal Reserve's fight against consumer inflation. One of the key metrics for assessing the success of the fight. Will affect interest rate forecasts until the end of 2024.

- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Canadian GDP for the first quarter of 2024. Important for the Canadian dollar, which is included in the DXY calculation formula.