Calendar: Bitcoin and this week’s key economic data

Source: CritpoTendencia Original Title: Calendar: Bitcoin and the Key Economic Data This Week Original Link: This week, the cryptocurrency market maintained a suspenseful dynamic that prevents a clear outlook on when the bear market will end.

During this period, the prices of the main coins suffered sharp drops followed by significant recoveries, but all of this remains well below the performance prior to October 10. For this week, economic calendar data could be decisive for the price of Bitcoin.

As expected, the most important item on the agenda is the meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve. At this meeting, a 25 basis point rate cut is expected. This could have a significant bullish component for the broader cryptocurrency market, which is why attention is focused on this meeting.

At the same time, other major markets also offer a specific agenda of relevant data, statements, and events.

Despite the relevant data on the horizon over the next few days, there is little clarity about how cryptocurrencies will react. In theory, they should experience a positive boost, but the reality is that the digital asset market tends to surprise.

Economic Calendar Data That Could Influence Bitcoin

As usual, this economic calendar highlights reports that have a notable influence on the crypto world. In this sense, some data that, although important for other markets, do not have a marked impact on Bitcoin and other digital assets are left out. Here is the day-by-day agenda for this week:

Monday:

• Economic sentiment watchers in Japan
• Month-over-month industrial production in Germany
• M2 money supply in China
• Sentix consumer confidence in the European Union (EU)
• M2 monetary reserves in Japan
• Year-over-year retail sales monitor in the United Kingdom

Tuesday:

• Trade balance in Germany
• Statements from the governor of the Bank of Japan (BoJ)
• NFIB Small Business Index in the United States
• ADP report on weekly employment changes in the US
• New job openings in the US
• Producer inflation in Japan and China
• CPI inflation in China

Wednesday:

• Speech by the president of the European Central Bank
• Quarter-over-quarter employment cost index in the US
• Federal Reserve monetary policy decision
• Jerome Powell’s Fed press conference
• BSI manufacturing index in Japan

Thursday:

• Eurogroup meeting
• Statements from the governor of the Bank of England
• Weekly jobless claims in the US
• Trade balance in the US
• Wholesale inventory sales in the US
• 30-year US Treasury bond auction

Friday:

• Revised industrial production in Japan
• Month-over-month CPI inflation in Germany
• Month-over-month GDP in the United Kingdom
• Trade balance of traded goods in the United Kingdom
• Industrial and manufacturing production in the United Kingdom
• ECOFIN meeting
• Statements from Paulson, Hammack, and Goolsbee of the Fed