Bitcoin and crypto are WAITING FOR THIS DATA: complete macro week calendar for all TRADERS Even if these are not the only factors capable of moving the markets, knowing at what time it will be necessary to prepare for possible movements can give you a big hand in positioning yourself in the right way.
Economic Week: the calendar of the most important events for Bitcoin and crypto
It will perhaps be a less busy week than the one behind us, but still with several important macro data that could move the Bitcoin and cryptocurrency markets.
How to read the stars: we assign 1 to 3 stars to each piece of data, based on its level of importance in the crypto world. The more stars there are, the more important the data is for the crypto and Bitcoin world.
⭐⭐ Monday, 04:00: data from China
On Monday, at 04:00 in the morning, various data will arrive from China: industrial production, retail sales, investments in assets. These are not fundamental data for Bitcoin, but they could still influence the Chinese stock market and consequently also the crypto market.
⭐ Tuesday, 11:00 am: euro area inflation
Tuesday will instead be inflation day in the euro area. This is also generally not a piece of data that has a great impact on Bitcoin and cryptocurrencies, but it is still a good signal to understand how one of the main economies in the world is moving.
⭐⭐ Tuesday, 2.30 pm: data on US retail sales
They are one of the most important indicators for the performance of the US economy. A worse figure would favor rate cuts, which at least in general Bitcoin and cryptocurrencies like. So a lower than expected figure could be... positive.
Wednesday: No trading in the USAJune 19th will be a holiday in the United States and the markets will not open, and very little data will arrive from that market.
⭐⭐⭐ Thursday, 2.30 pm: jobless claims in the USA
That is, subsidy requests. The higher the demands, the more the job market is deflating. The more the labor market deflates, the easier it is to cut interest rates. Even in this case, a worse data is a better data for Bitcoin and cryptocurrencies, at least in general.
⭐⭐ Thursday, 2.30 pm: Manufacturing Index of the Philadelphia Fed
It is an important index for manufacturing. The higher the index, the better the production. The better production goes, the less there will be a need for rate cuts. Worse is better for Bitcoin and cryptocurrencies.
⭐⭐ Venerdì, ore 15:45: S&P Global Manufacturing, Services
They are indices published by S&P which are widely followed to understand how the main economic sectors are performing. Here too: better data, worse data for Bitcoin. And viceversa.
⭐⭐ Friday, 5pm: Federal Reserve report
At 5.30 pm Italian time the Federal Reserve report for Congress in terms of monetary policy will be released. There shouldn't be any surprises, but it's worth following this data. #trading #News #analisi #Marketupdate #Bitcoin
