Key Events That Could Affect Crypto Markets This Week
15-19 July Economic Calendar
CPI reports released last week revealed that inflation on a monthly basis has declined for the first time in four years. The reaction of the markets was also positive.
Tuesday, July 16: The June retail sales report will be released today. The report measures how much consumers spend on durable and non-resilient consumption on their goods, providing insight into the overall health of the economy and the state of inflationary pressure.
Wednesday, July 17: The U.S. industry production report for June will be announced on Wednesday. The industry production report measures the volume of production in U.S. industries. The report is not expected to have much impact on the crypto markets.
Wednesday, July 17: Manufacturing and housing sales data, which will be announced on the same day, are not thought to affect risky asset markets.
Except for the data to be released by the US government agencies this week, some of the private companies are expected to announce their first half income reports. Investors should closely follow the reports shared by major banks such as Goldman Sachs, Bank of America and Morgan Stanley.
