Calendar: Bitcoin and this week’s key economic data

Source: CritpoTendencia Original Title: Calendar: Bitcoin and Key Economic Data This Week Original Link: The cryptocurrency market maintained a suspenseful dynamic this week, making it unclear when the bear market will end.

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

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 interest rate cut is expected. This could have a significant bullish component for the broader cryptocurrency market, which is why attention is focused on this event.

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

Despite the relevant data on the horizon in the coming 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 often surprises.

Economic Calendar Data with Possible Influence on Bitcoin

For this data calendar, the reports selected are those that have a notable influence in the crypto world. In that sense, some data are left out which, while important for other markets, do not have a marked impact on Bitcoin and the rest of digital assets. Here is the day-by-day agenda for this week:

Monday:

• Economic sentiment observers in Japan
• Month-over-month industrial production in Germany
• M2 money supply in China
• Sentix consumer confidence in the European Union (EU)
• M2 money 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 weekly employment change report in the U.S.
• New job openings in the U.S.
• 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 U.S.
• Federal Reserve monetary policy decision
• Jerome Powell’s press conference from the Fed
• BSI manufacturing index in Japan

Thursday:

• Eurogroup meeting
• Statements from the Governor of the Bank of England
• Weekly unemployment claims in the U.S.
• Trade balance in the U.S.
• Wholesale sales inventories in the U.S.
• 30-year Treasury bond auction in the U.S.

Friday:

• Revised industrial production in Japan
• Month-over-month CPI inflation in Germany
• Month-over-month GDP in the United Kingdom
• 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