Economic calendar of events from November 25 to December 1 that could influence the crypto market.
This week is short because in the key country for the crypto market, the USA, Thursday and Friday are off due to Thanksgiving. Meanwhile, Wednesday is a key day of the week for macro data, as many data releases are moved to this day. There is a very tight schedule. The only important data for Tuesday is the minutes from the November Federal Reserve meeting.
Key events of the week:
Monday, November 25:
- No events occurred.
Tuesday, November 26:
- 07:00 Kyiv time / 08:00 Moscow time / 10:00 Astana time - Core Consumer Price Index from the Bank of Japan. Consumer inflation. Important due to the role of the yen in calculating the US Dollar Index #DXY. And due to Japan's role in the global economy. The August dump reminded of it, but this data is unlikely to bring increased volatility to the markets. Just worth considering the dynamics.
❗️ - 21:00 Kyiv time / 22:00 Moscow time / 00:00 next day Astana time - Publication of the minutes from the Federal Reserve's meeting on November 7. Detailed position of the Federal Reserve on monetary policy, interest rate outlook. Increased volatility will occur if unexpected details from the meeting arise.
Wednesday, November 27:
- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Data pool on the USA economy: Core Durable Goods Orders for October, Durable Goods Orders for October. The data is important for understanding the situation in the American economy and recession risks. Additionally, higher than expected figures for durable goods is a positive indicator for #USD, while lower than expected data negatively impacts USD. This also relates to the movement of the #DXY Index.
❗️- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Core Personal Consumption Expenditures Price Index in the USA for the third quarter of 2024. Important for assessing the results of the Federal Reserve's fight against consumer inflation. One of the key metrics for evaluating success. Will influence the December rate decision.
- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - GDP of the USA for the third quarter of 2024, GDP Deflator, Trade Balance of Goods. Important for assessing recession risks. In 2024, they have already brought increased volatility to the crypto market.
❗️- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - Weekly initial claims for unemployment benefits in the USA.
❗️- 17:00 Kyiv time / 18:00 Moscow time / 20:00 Astana time - Core Personal Consumption Expenditures Price Index in the USA (YoY) (October), Personal Consumption Expenditures Price Index in the USA (YoY) (October). Important for assessing the results of the Federal Reserve's fight against consumer inflation. One of the key metrics for evaluating success. Will influence the December rate decision.
- 17:00 Kyiv time / 18:00 Moscow time / 20:00 Astana time - Personal Consumption Expenditures in the USA (MoM) (October). An inflation factor, also important for the Federal Reserve.
Thursday, November 28:
All day - Holiday in the USA - Thanksgiving Day.
Friday, November 29:
Holiday in the USA - Thanksgiving Day - early market closing.
- 12:00 Kyiv time / 13:00 Moscow time / 15:00 Astana time - Core Consumer Price Index and Consumer Price Index in the EU for October. The data will allow for forecasting the ECB's plans for interest rates. They indirectly influence the Federal Reserve's plans. Also important due to the role of the euro in calculating the DXY Index.
❗️- 23:30 Kyiv time / 00:30 next day Moscow time / 02:30 next day Astana time - Balance of the Federal Reserve of the USA. Quantitative tightening is still ongoing here.
Saturday, November 30:
- 03:30 Kyiv time / 04:30 Moscow time / 06:30 Astana time - Data pool on China's economy: Composite PMI, Manufacturing PMI, Non-Manufacturing PMI. Important for assessing the Chinese economy and, indirectly, for the Hong Kong factor in the crypto market.
