Economic calendar of events from September 30 to October 6 that could impact the crypto market.

This week is generally calmer than the previous one in terms of potentially important events. US Federal Reserve Chairman Powell will speak today. But we do not expect this to have any impact on the markets. Tuesday, Thursday and Friday will be key for the crypto market. This week is full of data on the US labor market. As well as other macro data, which will allow us to draw conclusions about the risks of a recession in the States.

For risky asset markets, it is best to see that the US labor market and economy as a whole are strong. The cycle of interest rate cuts in the US has already begun. And all that is needed now for the stock and crypto markets is to see that the fears of a recession are behind them and the “soft landing” scenario is a reality.

Monday, September 30:

This morning, production and industrial data from Japan (below forecasts) and China (within forecasts) have already been released. UK GDP data has also been released and was below forecasts.

❗️- 20:55 Kyiv and Moscow time / 22:55 Astana time - Speech by US Federal Reserve Chairman Jerome Powell. In Washington, at an event organized by the National Association of Business Economists. Don't expect much from him in terms of a surge in volatility in the markets. Last Thursday, at the annual "Town Hall" event organized by the US National Business Association in Washington, Powell did not comment on the US monetary policy at all. But the fact of today's speech is worth keeping in mind.

Tuesday, October 1:

- 12:00 Kyiv and Moscow time / 14:00 Astana time - Core Consumer Price Index and EU Consumer Price Index. An important inflation factor. Will allow us to assess the success of the European Central Bank in the fight against inflation + important for the US Dollar Index #DXY, in the calculation of which the euro plays a key role.

- 16:45 Kyiv and Moscow time / 18:45 Astana and 17:00 Kyiv and Moscow time / 19:00 Astana - US manufacturing data pool for September: Manufacturing Purchasing Managers' Index (PMI), ISM Manufacturing Employment Index, ISM Manufacturing Purchasing Managers' Index (PMI), ISM Manufacturing Price Index. Important for the US Federal Reserve's interest rate actions to assess recession risks.

❗️- 17:00 Kyiv and Moscow time / 19:00 Astana time - The number of open vacancies in the JOLTS labor market in the United States for August. Traditionally, a very important indicator for the US Federal Reserve in interest rate decisions. Plus, it is also important for assessing the risks of recession. Now it is optimal to see data slightly above the forecast and above the previous value. The forecasts include a decline.

- 18:00 Kyiv and Moscow time / 20:00 Astana time - Speech by US Federal Reserve member Bostic (member with “dovish” rhetoric and decisive voting rights).

Wednesday, October 2:

- 01:15 Kyiv and Moscow time / 03:15 Astana time - Speech by US Federal Reserve member Bostic (member with “dovish” rhetoric and decisive voting rights).

- 12:00 Kyiv and Moscow time / 14:00 Astana time - EU unemployment rate (August). Important for assessing the situation and prospects in the Eurozone.

- 15:15 Kyiv and Moscow time / 17:15 Astana time - Change in the number of people employed in the non-farm sector in the US from ADP (September). Important for assessing the US labor market.

- 18:00 Kyiv and Moscow time / 20:00 Astana time - Speech by US Federal Reserve member Bowman (permanent chairman, closer to the "hawks").

Thursday, October 3:

- 09:30 Kyiv and Moscow time / 12:30 Astana time - Swiss Consumer Price Index (September). The Swiss franc is included in the DXY calculation formula.

- 14:30 Kyiv and Moscow time / 16:30 Astana time - Publication of the minutes of the European Central Bank meeting on monetary policy. Important for the euro and for DXY.

❗️- 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 now very important for the US Federal Reserve's actions on the interest rate.

- 17:00 Kyiv and Moscow time / 19:00 Astana time - US industrial orders for August. Important for assessing recession risks.

- 17:00 Kyiv and Moscow time / 19:00 Astana time - US non-manufacturing data pool for September: ISM Non-Manufacturing Employment Index, ISM Non-Manufacturing Purchasing Managers Index, ISM Non-Manufacturing Price Index.

- 17:40 Kyiv and Moscow time / 19:40 Astana time - Speech by US Federal Reserve member Bostic (member with “dovish” rhetoric and decisive voting rights).

❗️- 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, October 4:

❗️- 15:30 Kyiv and Moscow time / 17:30 Astana time - Large pool of data on the US labor market for September: Average hourly earnings, Change in the number of people employed in the non-farm sector, Share of the economically active population, Unemployment rate.

- 16:00 Kyiv and Moscow time / 18:00 Astana time - Speech by US Federal Reserve member Williams (a member with “dovish” rhetoric and the right to vote).