Bitcoin Calendar: the economic data that could shape the crypto market this week

Source: CritpoTendencia Original Title: Bitcoin Calendar: the economic data that could shape the crypto market this week Original Link:

Weekly Economic Calendar Overview

This week is marked by a significant recovery in the prices of major cryptocurrencies. Several economic background factors have supported this improvement in tokens, and similar influential data is expected to be released this week.

This article reviews weekly reports, statements, and data calendars that may affect the price of Bitcoin.

It is important to emphasize that data related to employment, retail dynamics, and prices will be given special attention. Apart from the Federal Reserve Chairman and committee members, there will also be no significant public appearances by Federal Reserve officials this week. This is due to the traditional “quiet period” before a monetary policy meeting.

Relevant data to pay attention to includes the manufacturing and services Purchasing Managers' Index (PMI) for the United States and other developed markets. At the same time, key data such as the University of Michigan Consumer Sentiment Index, inflation expectations data, and the U.S. PCE inflation are also important. Additionally, there are reports on personal spending and income.

Another extremely important data point is the number of weekly unemployment claims. These are the last reports collected by the Federal Reserve before an early meeting. On December 10, the Federal Reserve Open Market Committee (FOMC) will announce its monetary policy decision, which will result in an adjustment or maintenance of interest rate levels.

Therefore, the preliminary data of this week is crucial for financial assets such as stocks and cryptocurrencies.

Economic Calendar That May Affect Bitcoin Prices

As usual, this period's economic calendar only highlights economic data that may impact Bitcoin. Meanwhile, other data that, while important for other markets, has limited influence on cryptocurrencies is set aside.

Monday

• EU Manufacturing Purchasing Managers' Index (
• UK Manufacturing Purchasing Managers' Index )
• UK M4 Money Supply
• U.S. Manufacturing Final Purchasing Managers' Index and ISM Index
• US ISM Manufacturing Prices
• Japanese basic currency data
• Speech by Federal Reserve Chairman Jerome Powell

( Tuesday

• Japanese consumer confidence
• Bank of England Financial Stability Report
• EU flashes CPI inflation
• EU unemployment rate
• Statement from the Federal Reserve Committee members
• China RatingDog Services Purchasing Managers' Index

) Wednesday

• Eurozone Services Purchasing Managers' Index
• UK Final Services Purchasing Managers' Index
• EU Producer Inflation
• Statement by European Central Bank President Christine Lagarde
• U.S. import prices
• U.S. Monthly Industrial Production
• Final value of the US Services Purchasing Managers' Index and ISM Index

Thursday

• UK Construction Purchasing Managers' Index
• EU Retail Sales
• Number of weekly unemployment claims in the United States
• Statement from Federal Reserve Committee Members

Friday

• Changes in the quarterly unemployment rate in the EU
• EU quarterly revised GDP
• US PCE inflation
• Michigan University Consumer Sentiment and Inflation Expectations
• US Monthly Personal Income and Expenditure