Important events for the crypto market on July 24 from the economic calendar.
There are no events that can cause increased volatility at the moment. All are important “at a distance”:
- 16:45 Kyiv time and Moscow time / 18:45 Astana time - US manufacturing business activity index (PMI) for July, US service sector business activity index (PMI) for July. Important for the US Federal Reserve's interest rate actions and for assessing recession risks.
- 16:45 Kyiv time and Moscow time / 18:45 Astana time - Publication of the Bank of Canada report on monetary policy, Interest rate decision, Accompanying statement. The Canadian dollar is included in the formula for calculating the#DXYUS Dollar Index, which is inversely correlated with risk asset markets.
- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Press conference of the Bank of Canada.
- 23:05 Kyiv time and Moscow time / 01:05 new day Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).
Also today after the end of trading - the quarterly report of #IBM. At the end of 2023, the company introduced a new cold storage technology for crypto assets. If there is news in this area and crypto assets/blockchains in general, we expect volatility. But the probability is low.