Important events for the crypto market on June 12 from the economic calendar.
Today is the key day of the week. Consumer inflation and the US Federal Reserve's decision on the interest rate will not only cause increased volatility in the moment, but will most likely give the crypto market a direction of movement from the current range at least for the coming weeks.
Daily schedule:
- 04:30 Kyiv time and Moscow time / 06:30 Astana time - Consumer Price Index and Producer Price Index in China. Consumer and manufacturing inflation for May. It is important for assessing the success of the fight against yuan inflation and for assessing the risks of the crisis. If in the future Chinese capital finds its way into Hong Kong cryptocurrency ETFs, the indicator will gain additional importance.
- 09:00 Kyiv time and Moscow time / 11:00 Astana time - Data pool on the UK economy. GDP, Industrial production, Trade balance. Important for assessing recession risks and because of the role of sterling in the#DXYcalculation formula.
❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic consumer price index and consumer price index in the USA. Consumer inflation. 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.
- 21:00 Kyiv time and Moscow time / 23:00 Astana time - Report on the execution of the US federal budget. Important for the prospects of “turning on the printing press” and the influx of “cheap” money into the markets of risky assets.
❗️-21:00 Kyiv time and Moscow time / 23:00 Astana time - Decision on the US Federal Reserve interest rate.
❗️-21:00 Kyiv time and Moscow time / 23:00 Astana time - Economic forecasts and statement by the US Federal Reserve.
❗️ - 21:30 Kyiv time and Moscow time / 23:30 Astana time - Press conference of the head of the US Federal Reserve Jerome Powell.