Events to Watch
This week is shaping up to be a real spectacle, with a lineup of significant events on the economic front. All eyes are on the economic calendar and key figures at the Federal Reserve, whose words could hold sway over the crypto markets.
Are you excited? Dive in to discover what the 7 days ahead have in store for you.
Monday, 27th November:
Our week begins with the much-anticipated release of new home sales data on Monday. Analysts are predicting a possible dip from the strong figure of 759,000 in October 2023.
Tuesday, 28th November:
Tuesday packs a punch with the release of monthly consumer confidence data, offering valuable insights into overall economic activity. At the same time, three Federal Reserve governors—Christopher Waller, Michelle Bowman, and Michael Barr—are set to discuss monetary policy and the economy.
As the week unfolds, attention turns to the unveiling of third-quarter gross domestic product (GDP) data, with expectations of it remaining unchanged from the previous quarter.
Thursday, 30th November:
Thursday brings the release of Personal Consumption Expenditures (PCE) inflation data, forecasting a slight decline—a signal of the ongoing economic recovery.
Friday, 1st December:
Bringing the week to a close on Friday, we look forward to the release of ISM manufacturing data, coupled with a significant speech from Fed Chair Jerome Powell.
The Market is Buzzing!
Shifting gears to the crypto market, even though this week’s economic events may not trigger major movements, the growing investor sentiment is putting the spotlight on high-risk assets, particularly cryptocurrencies.
Meanwhile, investors and traders are keenly tuned in to events that could influence broader economic sentiments. The strengthening investor sentiment further amplifies the allure of high-risk assets, creating a buzz that resonates throughout the crypto space.
Hot Take: Economic Calendar and Federal Reserve Key Figures Hold Sway Over Crypto Markets
This week is set to be an exciting one for crypto enthusiasts as they keep a close eye on the economic calendar and key figures at the Federal Reserve. These events and discussions have the potential to impact the crypto markets significantly. From the release of home sales data to inflation forecasts and speeches by Federal Reserve governors and Chair Jerome Powell, there is much to look forward to. While this week’s economic events may not lead to major movements in the crypto market, investor sentiment towards high-risk assets, including cryptocurrencies, remains strong. The growing interest in these assets adds to the buzz within the crypto space.
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