Economic calendar of events from September 16-22 that could impact the crypto market.
This week, the main event of the week and the whole month is September 18. When the US Federal Reserve System will make a decision on the interest rate. Our expectation is a decrease of 0.25 percentage points. We will talk about market expectations separately.
In addition, there will be consumer inflation data for a number of national economies and also interest rate decisions. Japan stands out in the list. The Bank of Japan's decision last time triggered a collapse of the stock and crypto markets. But then the reason for this was the indebtedness of Japanese traders. And by resetting their positions for the future, they neutralized the destructive influence of the Bank of Japan on the markets. Now this decision is unlikely to add volatility to the markets (forecast - pause).
Key events:
Monday, September 16:
- There are no important events for the crypto market.
Indirectly important for the crypto market are the Swiss production inflation (above forecast) and the EU wage level (below forecast). Both are inflation factors. For the Swiss franc and the euro, which are included in the US Dollar Index DXY calculation index.
Tuesday, September 17:
- 15:30 Kyiv and Moscow time / 17:30 Astana time - US Core Retail Sales Index and US Retail Sales Volume for August. Important for assessing recession and inflation risks.
- 16:15 Kyiv and Moscow time / 18:15 Astana time - US industrial production for August. Important for the same reasons.
Wednesday, September 18:
- 09:00 Kyiv and Moscow time / 11:00 Astana time - UK Consumer Price Index for August and UK Producer Price Index for August. Inflation factor for pounds sterling, which are included in the formula for calculating the US Dollar Index #DXY .
- 12:00 Kyiv and Moscow time / 14:00 Astana time - EU Core Consumer Price Index and EU Consumer Price Index for August. Important for assessing the progress of the EU's fight against inflation and for calculating DXY.
âïž- 21:00 Kyiv and Moscow time / 23:00 Astana time - US Federal Reserve interest rate decision.
âïž- 21:00 Kyiv and Moscow time / 23:00 Astana time - Economic forecasts and statement by the US Federal Reserve.
âïž- 21:30 Kyiv and Moscow time / 23:30 Astana time - Press conference of US Federal Reserve Chairman Jerome Powell.
Thursday, September 19:
- 14:00 Kyiv and Moscow time / 16:00 Astana time - Bank of England interest rate decision, Monetary Policy Committee meeting minutes, Bank of England letter on inflation. Important for assessing the progress of the fight against inflation and because of the role of the pound sterling in calculating DXY.
âïž- 15:30 Kyiv and Moscow time / 17:30 Astana time - Weekly number of initial applications for unemployment benefits in the US. The labor market is important for the US Federal Reserve's actions on the interest rate and, now, for assessing the risks of a recession. Data significantly below the forecast can dampen the markets at the moment.
âïž- 23:30 Kyiv and Moscow time / 01:30 new day Astana time - US Fed balance sheet. Markets need a relaxation of quantitative easing (QT) policy. Last week, the US Fed balance sheet increased. But so far this is a rebound in the decline. Markets need to see a sustainable trend.
Friday, September 20:
- 02:30 Kyiv and Moscow time / 04:30 Astana time - Japan's nationwide core consumer price index. Important due to the role of the yen in calculating DXY.
- 04:00 Kyiv and Moscow time / 06:00 Astana time - The People's Bank of China's base lending rate. Important for assessing the risks of a crisis (China's economy is once again sending out alarm signals).
- 05:30 Kyiv and Moscow time / 07:30 Astana time - Bank of Japan Monetary Policy Report.
- 06:00 Kyiv and Moscow time / 08:00 Astana time - Bank of Japan interest rate decision. Important because of the previous "shake-up" that the BOJ gave to world markets with its decision. Plus - because of the role of the yen in the DXY calculation.
- 09:30 Kyiv and Moscow time / 11:30 Astana time - Bank of Japan press conference.
- 18:00 Kyiv and Moscow time / 20:00 Astana time - European Central Bank President Lagarde will give a speech.
- 21:00 Kyiv and Moscow time / 23:00 Astana time - Speech by US Federal Reserve member Harker (a member with âdovishâ rhetoric and without the right to vote).
