Important events for the crypto market on July 12 from the economic calendar. After yesterday's positive data on consumer inflation in the United States (important at a distance, but did not give BTC a good bullish impulse “here and now”) today data on manufacturing inflation in the United States for June comes out.
This is a leading indicator that will allow us to draw conclusions - consumer inflation data for July will be just as positive, or the trend will be interrupted.
At night and in the morning, data on exports and imports of China (better than forecasts, important for assessing the risks of the crisis in China) and data on consumer inflation in Sweden (better than forecasts, important for the prospects of the US Dollar Index DXY and for assessing the success of European central banks in the fight against inflation).
Schedule for the rest of the day:
❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - US Producer Price Index for June and Basic US Producer Price Index for June. The same manufacturing inflation.
- 17:00 Kyiv time and Moscow time / 19:00 Astana time - Expected inflation from the University of Michigan, Index of consumer inflation expectations in the US for 5 years ahead from the University of Michigan, Consumer Expectations Index from the University of Michigan, Consumer Sentiment Index from the University of Michigan. The value of this particular data is not to say that it is great. But in recent months, they have already been used as a reason for significant movements in the crypto market. Worth considering.