Important events for the crypto market on May 1 from the economic calendar.
Today is a holiday (Labor Day) in Switzerland, Italy, Sweden, Hong Kong (no trading in spot Bitcoin and Ethereum ETFs there today), China, and the UK. The key event of the day is the US Federal Reserve's decision on the interest rate and comments on it from Jerome Powell.
Also today there is a lot of data on the labor market and business activity of the United States. For the crypto market, it is optimal to see the numbers within the forecasts. A strong labor market is a positive in the fight against recession risks, but a negative in the US Federal Reserve's fight against inflation. Everything is bad with inflation and it’s impossible to hear from Powell today that a rate cut was discussed only in 2025.
List of events:
- 15:15 Kyiv time and Moscow time / 17:15 Astana time - Change in the number of people employed in the US non-agricultural sector from ADP.
- 16:45 Kyiv time and Moscow time / 18:45 Astana time - Business activity index in the manufacturing sector (PMI) of the USA. Important for assessing the US economy.
- 17:00 Kyiv time and Moscow time / 19:00 Astana time - US manufacturing employment index from ISM and US manufacturing business activity index (PMI) from ISM.
❗️- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Number of open vacancies in the US JOLTS labor market (for March). Number of open vacancies in the JOLTS labor market in the United States (for March). Traditionally, a very important indicator for the US Federal Reserve in interest rate decisions. Plus is also important for assessing recession risks.
❗️ - 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.
Of the quarterly reports important for the crypto market today, only #Mastercard. And they have already reported, without sensations.