Economic calendar of events June 24-30 that can influence the crypto market. The week for planned events is calm. There are speeches by members of the US Federal Reserve, but they usually do not influence the market at the moment, but only make it clear the mood in the department. There will also be a lot of data from central banks that indirectly affects the US Dollar Index#DXY(which has an inverse correlation with the crypto market).

But what really matters is Thursday and Friday. 

On Thursday, in addition to traditional unemployment data in the US, US GDP data will be released. And in recent months, they have already brought increased volatility to the crypto market.

And on Friday, data on personal consumption expenditure indices in the US will be released. They have already influenced the crypto market many times, bringing increased volatility in the moment. Why are they important and when exactly will they be released - on the schedule 👇

We will also add data from the University of Michigan on inflation to the chart. In May, they were already used as a reason for a correction in the crypto market. Worth considering.

A complete list of important events for the week is on the screenshots. Key:

Monday, June 24:

- 21:00 Kyiv time and Moscow time / 23:00 Astana time - Speech by US Federal Reserve member Daly (with dovish rhetoric and voting rights).

- His colleague Waller (closer to the “hawks”) has already spoken out today, but without sensations.

Tuesday, June 25:

- 08:00 Kyiv time and Moscow time / 10:00 Astana time - Basic consumer price index from the Bank of Japan. It is important for assessing the affairs of the Japanese yen (and it is not doing very well now). The yen is included in the formula for calculating the US Dollar Index #DXY.

- 14:00 Kyiv time and Moscow time / 16:00 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).

- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Core Consumer Price Index and Consumer Price Index in Canada. Important for the Canadian dollar, which is included in the calculation of the DXY US Dollar Index.

- 21:15 Kyiv time and Moscow time / 23:15 Astana time - Speech again by US Federal Reserve member Bowman.

Wednesday, June 26:

- 23:30 Kyiv time and Moscow time / 01:30 new day Astana time - Results of stress testing of banks conducted by the US Federal Reserve. Important for assessing the situation in the US banking sector. News from which, as last spring already showed, can bring significant movements to the crypto market.

Thursday, June 27:

- 10:30 Kyiv time and Moscow time / 12:30 Astana time - Decision on the interest rate of the Bank of Sweden. Important for the Swedish krona included in the DXY calculation formula.

- 12:00 Kyiv time and Moscow time / 14:00 Astana time - Financial stability report from the Bank of England. The pound sterling is included in the DXY calculation formula. Plus it is important for assessing the risks of recession in Europe.

- 12:30 Kyiv time and Moscow time / 14:30 Astana time - Speech by the head of the Bank of England, Bailey.

❗️ - 15:30 Kyiv time and Moscow time / 17:30 Astana time - US GDP for the first quarter of 2024. GDP deflator. Balance of foreign trade in goods. Assessing the prospects of the US economy.

❗️ - 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.

- 23:30 Kyiv time and Moscow time / 01:30 new day Astana time - Results of stress testing of banks conducted by the US Federal Reserve.

Friday, June 28:

❗️ - 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic price index of personal consumption expenditures and Price index of personal consumption expenditures in the USA. Expenses of individuals in the USA. Indices are important for assessing the results of the US Federal Reserve's fight against consumer inflation. One of the key metrics for assessing the success of the fight. Will affect interest rate forecasts until the end of 2024.

- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Expected inflation from the University of Michigan, Index of consumer inflation expectations in the US for 5 years ahead from the University of Michigan, Consumer Expectations Index from the University of Michigan, Consumer Sentiment Index from the University of Michigan.

- 18:00 Kyiv time and Moscow time / 20:00 Astana time - US Federal Reserve report on monetary policy.

- 19:00 Kyiv time and Moscow time / 21:00 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the “hawks”).