Oct 19, 2023 – Economic Events Analysis
The global financial market is experiencing several economic events that may have implications for the cryptocurrency market. One event that stands out is the release of the JPY (Japanese YEN) economic indicators. The adjusted trade balance, exports (YoY), and trade balance figures are expected to be announced on October 18th at 23:50 UTC. These indicators provide insights into the performance of the Japanese economy and could impact JPY-based cryptocurrency pairs like BTC/JPY or ETH/JPY. Traders and investors should pay close attention to these figures as they may influence market sentiment and trading strategies.
Furthermore, on October 19th, at 00:30 UTC, the Australian economic data on employment change, full employment change, and the unemployment rate will be released. These indicators could impact AUD-based cryptocurrencies such as BTC/AUD or ETH/AUD. Traders should monitor these figures as they may provide valuable insights into the health of the Australian economy and its potential impact on digital assets.
Another event to watch closely is the release of the USD (United States Dollar) economic indicators. The Philadelphia Fed Manufacturing Index and Initial Jobless Claims figures are scheduled to be announced on October 19th at 12:30 UTC. These indicators can have a notable impact on the overall sentiment in the financial markets, including cryptocurrencies. Traders and investors should be aware of the potential market reactions to these figures and adjust their strategies accordingly.
Although these economic events can provide valuable insights, it’s important to note that the cryptocurrency market is highly volatile and can be influenced by numerous factors. Any analysis should always be complemented with additional research and market perspectives.
Events
| Date | Impact | Event |
|---|---|---|
| 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 00:30 | Medium | AUD – Employment Change (Sep) |
| 2023-10-19 00:30 | Medium | AUD – Full Employment Change (Sep) |
| 2023-10-19 00:30 | Medium | AUD – Unemployment Rate (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 12:30 | High | USD – Initial Jobless Claims |
| 2023-10-19 12:30 | High | USD – Philadelphia Fed Manufacturing Index (Oct) |
| 2023-10-19 12:30 | Medium | USD – Philly Fed Employment (Oct) |
| 2023-10-19 12:30 | Medium | CAD – RMPI (MoM) (Sep) |
| 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 14:00 | High | USD – Existing Home Sales (Sep) |
| 2023-10-19 14:00 | Medium | USD – Existing Home Sales (MoM) (Sep) |
| 2023-10-19 14:30 | Medium | EIA Natural Gas Report Week over Week |
| 2023-10-19 16:00 | High | USD – Fed Chair Powell Speaks |
| 2023-10-19 18:00 | Medium | USD – Federal Budget Balance (Sep) |
| 2023-10-19 20:00 | Medium | USD – FOMC Member Bostic Speaks |
| 2023-10-19 20:30 | Medium | USD – Fed´s Balance Sheet |
| 2023-10-19 21:30 | Medium | USD – FOMC Member Harker Speaks |
| 2023-10-19 23:30 | Medium | JPY – National Core CPI (YoY) (Sep) |
| 2023-10-19 23:30 | Medium | JPY – National CPI (MoM) |
Conclusion
The upcoming Economic Events in the global financial market have the potential to impact the cryptocurrency market. The release of key indicators from Japan, Australia, and the United States could influence the market sentiment and trading strategies for JPY, AUD, and USD-based cryptocurrencies. Traders and investors should carefully monitor these events and their corresponding cryptocurrency pairs for potential market opportunities. However, it’s crucial to remember that the crypto market is highly volatile and influenced by multiple factors. Therefore, comprehensive analysis and considering additional market perspectives are crucial to making well-informed 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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