Important events for the crypto market on May 23 from the economic calendar. 

In the morning, data on the Business Activity Index in the Japanese services sector came out - slightly better than forecast. Important for the yen included in the calculation of the US Dollar Index#DXY(inverse correlation with the crypto market). And to assess the risks of the crisis.

Also, data for the EU has already been released, the Index of business activity in the manufacturing sector (slightly better than forecasts) and the Index of business activity in the services sector (slightly worse than forecasts). Important for the euro (also in the DXY calculation formula) and for assessing recession risks.

Overall, the results are not bad for the Japanese and EU economies and should contribute to a decline in DXY in the future.

Schedule of events for the rest of the day:

❗️ - 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 - US data: Business Activity Index in the manufacturing sector (PMI), Business Activity Index (PMI) in the services sector. Important for assessing the risks of a recession in the United States, the prospects for $.

- 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. But from June 1 it will slow down.

‼️ Well, although this is not macroeconomics, a decision by the US SEC on applications for spot Ethereum ETFs is expected by approximately 23:00 Kyiv time and Moscow time / 01:00 new day Astana time. Today is the final deadline for the “pioneer” application #VanEck. BUT most likely there will be solutions for everyone.#Bloombergsenior ETF analyst Eric Balchunas points to this timing. Based on experience with spot Bitcoin ETFs. 

Be careful, increased volatility is expected.