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: This past week was marked by a visible recovery in the prices of the main cryptocurrencies. Several contextual economic factors were behind this improvement in tokens, and similar impactful data is expected for this new week.

This article reviews the weekly calendar of reports, statements, and data that could shape the price of Bitcoin.

It is important to highlight that data related to employment, retail dynamics, and prices will be of special attention. Except for Jerome Powell and Michelle Bowman, there will be no major public appearances from central bank officials this week. This is due to the traditional blackout period that precedes monetary policy meetings.

Among the relevant data to keep on the radar are manufacturing and services PMIs, both in the US and other developed markets. Other crucial figures include inflation expectations and consumer confidence from the University of Michigan, and the US PCE inflation. This is in addition to reports such as personal income and spending.

Another extremely important figure is the weekly jobless claims. These are the last reports the central bank will receive before the highly anticipated meeting. On December 10, the Federal Open Market Committee (FOMC) will announce its monetary policy decision, which will end with either a rate cut or a maintenance of the current interest rate level.

That is why this week’s preliminary data is of great importance for financial assets such as stocks and cryptocurrencies.

The Economic Calendar That Could Affect the Price of Bitcoin

As usual, only the economic data with potential impact on Bitcoin are highlighted in this weekly calendar. Other data, while important for other markets, are of little relevance to cryptocurrencies and are omitted.

Monday:

• Manufacturing PMI in the European Union (EU)
• Manufacturing PMI in the United Kingdom (UK)
• M4 money supply in UK
• Final manufacturing PMI and ISM in the United States
• ISM manufacturing prices in the US
• Monetary base data in Japan
• Speech by Jerome Powell, central bank president

Tuesday:

• Consumer confidence in Japan
• Bank of England financial stability report
• Flash CPI inflation in the EU
• Unemployment rate in the EU
• Statements by Bowman from the central bank
• Services PMI in China

Wednesday:

• Final services PMI in the EU
• Final services PMI in UK
• Producer inflation in the EU
• Statements by ECB President Christine Lagarde
• Import prices in the US
• Month-over-month industrial production in the US
• Services PMI, final and ISM in the US

Thursday:

• Construction PMI in UK
• Retail sales in the EU
• Weekly jobless claims in the US
• Statements by Bowman from the central bank

Friday:

• Quarter-over-quarter changes in the unemployment rate in the EU
• Revised quarter-over-quarter GDP in the EU
• PCE inflation in the US
• Consumer sentiment and inflation expectations from the University of Michigan
• Month-over-month personal income and spending in the US