Important events for the crypto market on May 14 from the economic calendar.
Today, volatility may come to the crypto market due to two events at once - the publication of data on manufacturing inflation in the United States and the speech of the head of the US Federal Reserve, Jerome Powell.
In the morning, data on the UK labor market and manufacturing inflation in Switzerland were released. Both show that inflationary pressures on the pound sterling and the Swiss pound remain. Both assets are included in the formula for calculating the US Dollar Index DXY, which has an inverse correlation with the crypto market.
Schedule for the rest of the day:
❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - Basic Producer Price Index and US Producer Price Index. Manufacturing inflation in the United States, a leading indicator of consumer inflation. In the fight against which the US Federal Reserve has specific problems.
❗️ - 17:00 Kyiv time and Moscow time / 19:00 Astana time - Speech by the US Federal Reserve Jerome Powell. And although it will not be part of the interest rate decision, it can at least create volatility in the moment.