Important events for the crypto market on August 16 from the economic calendar.
As I wrote yesterday, now increased volatility in the stock and crypto markets can be on any data that speaks about the strength or weakness of the US economy. Any hints of a threat of recession or its absence. Today, for example, this is construction data.
Schedule for the rest of the day:
- 15:30 Kyiv and Moscow time / 17:30 Astana - The number of issued building permits in the US, The volume of new home construction in July in the US. Important for assessing the risks of recession.
- 17:00 Kyiv and Moscow time / 19:00 Astana - Expected inflation in the US for July from the University of Michigan, The index of consumer inflation expectations in the US for 5 years ahead from the University of Michigan, The indices of expectations and consumer sentiment from the University of Michigan. The value of the data is not great. But in recent months, they have already been used as a reason for significant movements in the crypto market.