Important events for the crypto market on December 19 from the economic calendar

Important events for the crypto market on December 19 from the economic calendar.

The day is not super important, but there are several events for increased volatility. It can "shake" in an hour.

First of all, everything related to inflation is important. Yesterday, Powell made it clear that the primary data for the Fed now is inflation, not labor market data. In this regard, tomorrow's data is extremely important - the price indices of personal consumption expenditures in the US for November. This is really very important data - the key measure of success in the fight against inflation for Powell and Co.

This morning, the interest rate decisions of the national banks of Japan, Sweden and Great Britain have already been released. All three are pauses, within the forecast. This is important for the US Dollar Index DXY (inverse correlation with the crypto market). Schedule for the rest of the day:

❗️- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Core price index of personal consumption expenditures in the US in the third quarter of 2024. Important for assessing the results of the US Federal Reserve's fight against consumer inflation.

- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - US GDP for Q3 2024, GDP Deflator. Important for assessing recession risks.

❗️- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Weekly number of initial applications for unemployment benefits in the US. Important for the US Federal Reserve and the interest rate, but already secondary compared to inflation data. The market will increasingly ignore such data.

❗️- 23:30 Kyiv time / 00:30 new day Moscow time / 02:30 new day Astana time - US Federal Reserve Balance Sheet. Quantitative tightening continues.