Oct 18, 2023 – Economic Events Analysis
On October 18th, several important economic events are expected to take place globally. These events have the potential to impact the cryptocurrency market. One key event is the release of China’s GDP data for the third quarter. This report, which includes both year-on-year and quarter-on-quarter growth figures, is closely watched by investors as it provides insights into the health of the world’s second-largest economy. Any surprises in these numbers can have a significant impact on market sentiment towards risky assets like cryptocurrencies.
Another event to watch is the release of economic data from the European Union. These include the Eurozone’s core consumer price index (CPI) and CPI for the month of September. Inflation figures are closely monitored by central banks and investors alike and can influence monetary policy decisions. If the data signals higher inflation, it could strengthen the Euro and potentially have a negative impact on the cryptocurrency market as investors turn to more traditional assets.
Additionally, market participants will be keeping a close eye on the US economic reports, such as the release of housing starts and permits data and the Beige Book. Housing data provides insights into the strength of the US housing market, which is significant as it reflects consumer spending and confidence. Any surprising numbers in these releases can impact market sentiment and potentially influence the cryptocurrency market. The Beige Book, a report on current economic conditions across different regions in the US, can also provide valuable information on the health of the economy.
While these economic events can have an impact on the cryptocurrency market, it’s important to consider that cryptocurrencies are influenced by various factors and are known for their volatility. Therefore, it’s important for investors to conduct thorough analysis and stay informed on the latest news and developments.
Events
| Date | Impact | Event |
|---|---|---|
| 2023-10-17 22:35 | Medium | AUD – RBA Assist Gov Bullock Speaks |
| 2023-10-18 02:00 | Medium | CNY – Fixed Asset Investment (YoY) (Sep) |
| 2023-10-18 02:00 | Medium | CNY – GDP (QoQ) (Q3) |
| 2023-10-18 02:00 | High | CNY – GDP (YoY) (Q3) |
| 2023-10-18 02:00 | Medium | CNY – Chinese GDP YTD (YoY) (Q3) |
| 2023-10-18 02:00 | Medium | CNY – Industrial Production (YoY) (Sep) |
| 2023-10-18 02:00 | Medium | CNY – Chinese Industrial Production YTD (YoY) (Sep) |
| 2023-10-18 02:00 | Medium | CNY – Chinese Unemployment Rate (Sep) |
| 2023-10-18 02:00 | Medium | CNY – NBS Press Conference |
| 2023-10-18 06:00 | Medium | GBP – CPI (MoM) (Sep) |
| 2023-10-18 06:00 | High | GBP – CPI (YoY) (Sep) |
| 2023-10-18 06:00 | Medium | GBP – PPI Input (MoM) (Sep) |
| 2023-10-18 07:00 | Medium | EUR – European Central Bank Non-monetary Policy Meeting |
| 2023-10-18 07:30 | Medium | EUR – ECB´s Elderson Speaks |
| 2023-10-18 08:20 | Medium | EUR – German Buba Wuermeling Speaks |
| 2023-10-18 09:00 | Medium | EUR – Core CPI (YoY) (Sep) |
| 2023-10-18 09:00 | Medium | EUR – CPI (MoM) (Sep) |
| 2023-10-18 09:00 | High | EUR – CPI (YoY) (Sep) |
| 2023-10-18 09:00 | Medium | EUR – ECB President Lagarde Speaks |
| 2023-10-18 09:30 | Medium | EUR – German 10-Year Bund Auction |
| 2023-10-18 10:00 | Medium | EUR – German Buba Wuermeling Speaks |
| 2023-10-18 12:00 | Medium | BRL – Retail Sales (YoY) (Aug) |
| 2023-10-18 12:00 | Medium | BRL – Retail Sales (MoM) (Aug) |
| 2023-10-18 12:15 | Medium | CAD – Housing Starts (Sep) |
| 2023-10-18 12:30 | High | Housing Starts and Permits Permits – Annual Rate |
| 2023-10-18 12:30 | High | Housing Starts and Permits Starts – Annual Rate |
| 2023-10-18 12:30 | Medium | USD – Building Permits (MoM) (Sep) |
| 2023-10-18 12:30 | High | USD – Building Permits (Sep) |
| 2023-10-18 12:30 | Medium | USD – Housing Starts (MoM) (Sep) |
| 2023-10-18 12:30 | Medium | USD – Housing Starts (Sep) |
| 2023-10-18 14:30 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2023-10-18 14:30 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2023-10-18 14:30 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2023-10-18 14:30 | High | USD – Crude Oil Inventories |
| 2023-10-18 14:30 | Medium | USD – Cushing Crude Oil Inventories |
| 2023-10-18 16:00 | Medium | USD – Fed Waller Speaks |
| 2023-10-18 16:30 | Medium | USD – FOMC Member Williams Speaks |
| 2023-10-18 17:00 | Medium | USD – 20-Year Bond Auction |
| 2023-10-18 17:00 | Medium | USD – FOMC Member Bowman Speaks |
| 2023-10-18 18:00 | Medium | USD – Beige Book |
| 2023-10-18 18:00 | Medium | USD – Federal Budget Balance (Sep) |
| 2023-10-18 19:15 | Medium | USD – FOMC Member Harker Speaks |
| 2023-10-18 20:00 | Medium | Treasury International Capital Net Long-Term Securities Transactions |
| 2023-10-18 20:00 | Medium | USD – TIC Net Long-Term Transactions (Aug) |
| 2023-10-18 23:50 | Medium | JPY – Adjusted Trade Balance |
| 2023-10-18 23:50 | Medium | JPY – Exports (YoY) (Sep) |
| 2023-10-18 23:50 | Medium | JPY – Trade Balance (Sep) |
| 2023-10-19 12:30 | High | Philadelphia Fed Manufacturing Index Index |
| 2023-10-19 12:30 | High | Jobless Claims Initial Claims – Change |
| 2023-10-19 12:30 | High | Jobless Claims 4-Week Moving Average |
| 2023-10-19 12:30 | High | Jobless Claims Initial Claims – Level |
| 2023-10-19 14:00 | High | Existing Home Sales Month over Month |
| 2023-10-19 14:00 | High | Existing Home Sales Annual Rate |
| 2023-10-19 14:00 | High | Existing Home Sales Year over Year |
| 2023-10-19 14:30 | Medium | EIA Natural Gas Report Week over Week |
Conclusion
In conclusion, the release of economic events such as China’s GDP data, Eurozone’s CPI figures, US housing data, and the Beige Book can have an influence on the cryptocurrency market. These events provide insights into major economies and can shape market sentiment towards risky assets like cryptocurrencies. However, it’s crucial to remember that cryptocurrencies are known for their volatility and are influenced by numerous factors. Therefore, investors should approach the market with caution and conduct their own analysis. Staying informed regarding economic events and monitoring the latest news and developments can contribute to making well-informed investment decisions.
Disclaimer – Informational Content, Not Investment Advice: Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.
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