While a week with high volatility in the crypto money market has been left behind, a busy week is entering especially for the economic data from the USA.
Here are the economic developments concerning cryptocurrencies this week.
Monday, May 1
MicroStrategy will announce its balance sheet. The company, run by Michael Saylor, has a large amount of Bitcoin.
Tuesday, May 2
12:00 – Eurozone Annual Inflation Data (Expected: 7.0%, Previous: 6.9%)
The consumer price index (CPI) is a measurement that tracks changes in the prices of a selected group of goods and services over time. It is one of the most popular measures of inflation and deflation.
Wednesday, May 3
15:15 – US ADP Non-Farm Employment Data (Exp.: 143,000, Previous: 145,000)
The ADP Non-Farm Employment Change is an economic indicator published monthly by Automatic Data Processing, usually two days before the NFP Report. Estimates the change in US non-farm private employment excluding the government sector. Based on payroll data from approximately 400,000 US business customers.
21:00 – FOMC statement will be released.
21:00 – FED will announce its interest rate decision (Expectation: 25 basis points interest rate increase)
21:30 – Fed Chairman Jerome Powell will speak at the FOMC press release.
Thursday, May 4
15:15 – European Central Bank Monetary Policy Statement
15:15 – European Central Bank Rate Decision (Expectation: 25 basis points increase in interest rates)
15:30 – US Initial Unemployment Claims Data (Expected: 240,000, Previous: 230,000)
15:45 – European Central Bank Press Conference
17:15 – European Central Bank President Lagarde to Speak
Friday, May 5
15:30 – US Non-Farm Employment Data (Expected: 180,000, Previous: 236,000)
15:30 – US Unemployment Rate Data (Exp.: 3.6%, Previous: 3.5%)
*Not investment advice.
