Economic calendar of events May 13-19 that can influence the crypto market

Economic calendar of events May 13-19 that can influence the crypto market.

The current week is already much more active in terms of events than the last one. Speech by US Federal Reserve Chairman Powell and members of the Federal Reserve System, publication of consumer and manufacturing inflation in the United States. The most important days of the week are Tuesday and Wednesday.

Key:

Monday, May 13:

- 16:00 Kyiv time and Moscow time / 18:00 Astana time - Speech by US Federal Reserve member Mester (a member with “hawkish” rhetoric and voting rights).

Tuesday, May 14:

- 09:00 Kyiv time and Moscow time / 11:00 Astana time - Data pool on the UK economy: Average wages including bonuses, Change in the number of applications for unemployment benefits, Change in employment, Unemployment rate. Important for assessing recession risks and for the pound sterling, which is included in the formula for calculating the US Dollar Index #DXY. DXY has an inverse correlation with the crypto market.

- 09:30 Kyiv time and Moscow time / 11:30 Astana time - Producer Price Index (PPI) of Switzerland. Manufacturing inflation, a leading indicator of consumer inflation for the next month. The Swiss franc is also included in the formula for calculating the US Dollar Index DXY.

❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic Producer Price Index and US Producer Price Index. Manufacturing inflation in the United States, a leading indicator of consumer inflation. In the fight against which the US Federal Reserve has specific problems.

❗️ - 17:00 Kyiv time and Moscow time / 19:00 Astana time - Speech by the US Federal Reserve Jerome Powell. And although it will not be part of the interest rate decision, it can at least create volatility in the moment.

Wednesday, May 15:

- 09:00 Kyiv time and Moscow time / 11:00 Astana time - Swedish Consumer Price Index. Important for the Swedish krona's inflation-fighting prospects (also included in the formula for calculating the US Dollar Index #DXY).

- 12:00 Kyiv time and Moscow time / 14:00 Astana time - EU GDP and EU industrial production. Important for assessing the risks of recession in the Eurozone.

❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic consumer price index and consumer price index in the USA. One of the key indicators for the US Federal Reserve in interest rate decisions. For risky asset markets, it is important to see performance below or within the forecast. So far, the forecast for the base index is a decrease of 0.2 percentage points. According to the index (taking into account gasoline prices) - a decrease of 0.1 percentage point.

- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Retail sales volume in the USA. Important for assessing recession and inflation risks.

- 19:00 Kyiv time and Moscow time / 21:00 Astana time - Speech by FOMC member Kashkari (a member with “hawkish” rhetoric without a casting vote).

- 22:20 Kyiv time and Moscow time / 00:20 new day Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).

Thursday, May 16:

- 02:50 Kyiv time and Moscow time / 04:50 Astana time - Japan's GDP. Important for assessing the risks of recession and the increasing role of Japan in the crypto market.

- 11:00 Kyiv time and Moscow time / 13:00 Astana time - European Central Bank report on financial stability. Important for assessing the outlook for the euro, which is part of the formula for calculating the US Dollar Index DXY.

❗️ - 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.

- 16:15 Kyiv time and Moscow time / 18:15 Astana time - Volume of industrial production in the USA. Important for assessing recession risks.

- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Speech by member of the US Federal Reserve, Deputy Chairman for Supervision Barr (permanent chairman).

- 17:30 Kyiv time and Moscow time / 19:30 Astana time - Speech by US Federal Reserve member Harker (a member with “dovish” rhetoric and without a casting vote).

- 18:30 Kyiv time and Moscow time / 20:30 Astana time - Speech by US Federal Reserve member Mester (a member with “hawkish” rhetoric and voting rights).

- 22:50 Kyiv time and Moscow time / 00:50 new day Astana time - Speech by US Federal Reserve member Bostick (with “dovish” rhetoric and the right to cast a decisive vote).

- 23:30 Kyiv time and Moscow time / 01:30 new day Astana time - US Federal Reserve balance sheet. It will show how things are going in the financial sector, whether there is a possibility of “turning on the printing press.” Everything is already coming to an end to the policy of quantitative tightening; the maximum possible “bottom” is somewhere nearby.

Friday, May 17:

- 05:00 Kyiv time and Moscow time / 07:00 Astana time - Data pool on the Chinese economy: Investment in fixed capital, Industrial production volume, Industrial production volume in China YTD, Unemployment rate in China, Press conference of the National Bureau of Statistics. Important for assessing the risks of a new crisis.

- 12:00 Kyiv time and Moscow time / 14:00 Astana time - Core Consumer Price Index and Consumer Price Index in the EU. Important for assessing the prospects for the euro.

- 17:15 Kyiv time and Moscow time / 19:15 Astana time - Speech by US Federal Reserve member Waller (permanent member, closer to “hawkish” rhetoric and with a casting vote).