Economic calendar of events July 29-August 4 that can influence the crypto market. 

The key day is July 31, Wednesday. On this day there will be a decision by the US Federal Reserve on interest rates. BUT in general, the whole week is “sprinkled” with important macro data from the USA, and most of all - data on the labor market. Which, again, is what the Fed is guided by in its interest rate actions. Fed Chairman Powell has made it clear more than once that the manifestation of pronounced weakness in the labor market will be a signal for the need to lower interest rates.

Key:

Monday, July 29:

- There are no important events for the crypto market.

Tuesday, July 30:

- 12:00 Kyiv time and Moscow time / 14:00 Astana time - EU GDP for the second quarter of 2024. Expect growth. Important for assessing recession risks and because of the role of the euro in the formula for calculating the#DXYUS Dollar Index.

❗️- 17:00 Kyiv time and Moscow time / 19:00 Astana time - The number of open vacancies on the JOLTS labor market in the USA for May. Traditionally, a very important indicator for the US Federal Reserve in interest rate decisions. Plus is also important for assessing recession risks. The best thing for markets is to see a decline.

Wednesday, July 31:

- 04:30 Kyiv time and Moscow time / 06:30 Astana time - Business Activity Index in the manufacturing sector (PMI) of China (July) and Business Activity Index in the non-manufacturing sector (PMI) of China (July). While mainland Chinese money has not gone into Hong Kong crypto-ETFs, this is more important for the future and for assessing the risks of a crisis in China.

- 05:30-09:30 Kyiv time and Moscow time / 07:30-11:30 - Bank of Japan monetary policy report, Interest rate decision, Bank of Japan report on economic prospects, Bank of Japan press conference. Important for the yen included in the formula for calculating the US Dollar Index #DXY. Also, news is increasingly appearing that makes it clear that Japan is showing interest in the crypto market.

- 12:00 Kyiv time and Moscow time / 14:00 Astana time - Core Consumer Price Index and EU Consumer Price Index. Important because of the role of the euro in the DXY and for assessing the success of the European Central Bank's fight against inflation.

- 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 for June. Important for assessing the US labor market.

- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Labor cost index in the USA (second quarter).

❗️-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. 

Thursday, August 1:

- 11:00 Kyiv time and Moscow time / 13:00 Astana time - Monthly report of the European Central Bank.  - 11:00-12:00 Kyiv time and Moscow time / 13:00-14:00 Astana time - EU manufacturing business activity index (PMI) and EU unemployment rate (June).

- 14:00 Kyiv time and Moscow time / 16:00 Astana time - Decision on the Bank of England interest rate (expected to decrease). Minutes of the meeting of the Monetary Policy Committee, letter from the Bank of England on inflation. The pound sterling is included in the DXY calculation formula.

- 14:30 Kyiv time and Moscow time / 16:30 Astana time - Speech by the head of the Bank of England, Bailey.

❗️ - 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.

- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Productivity level in the US non-agricultural sector for the second quarter of 2024. Labor costs for the second quarter of 2024.

- 16:15 Kyiv time and Moscow time / 18:15 Astana time - Speech by the head of the Bank of England, Bailey.

❗️- 16:45-17:00 Kyiv time and Moscow time / 18:45-19:00 Astana time - Pool of data from the USA on the manufacturing sector: Business activity index in the manufacturing sector (PMI) for July, Employment index in the manufacturing sector from ISM (July). ISM Manufacturing PMI (July), ISM Manufacturing Price Index (July). Important for the US Federal Reserve's actions on interest rates, assessing recession risks, and prospects for $. 

- 23:30 Kyiv time and Moscow time / 01:30 new day Astana time - US Federal Reserve balance sheet. Increased volatility in the crypto market will only occur in the event of a sharp movement in the balance.

Friday, August 2:

❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - US labor market data pool: Average hourly wage (July), Change in the number of employees in the non-agricultural sector (July), Share of economically active population (July), Level unemployment.

- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Volume of industrial orders in the USA.