Oct 25, 2023 – Economic Events Analysis
“The Economic Events table provides important upcoming data releases from the global financial market. These events have the potential to significantly impact the crypto market. For instance, on October 25th, there are several high and medium impact events that traders should closely monitor. The release of building permits data in the United States, as well as the new home sales rate, can influence investor sentiment towards the US Dollar. Additionally, the release of oil inventories data may impact the price of crude oil, which, in turn, could affect cryptocurrencies like Bitcoin, given their correlation with energy prices. Traders should also pay attention to central bank events such as the Bank of Canada (BoC) rate decision, as it can have spillover effects on the broader financial market, including cryptocurrencies. These events provide tangible economic indicators that inform market participants about the state of the economy, influencing their investment decisions in the crypto market.”
Events
| Date | Impact | Event |
|---|---|---|
| 2023-10-25 00:30 | Medium | AUD – CPI (YoY) (Q3) |
| 2023-10-25 00:30 | Medium | AUD – CPI (QoQ) (Q3) |
| 2023-10-25 00:30 | Medium | AUD – Trimmed Mean CPI (QoQ) (Q3) |
| 2023-10-25 08:00 | Medium | EUR – German Business Expectations (Oct) |
| 2023-10-25 08:00 | Medium | EUR – German Current Assessment (Oct) |
| 2023-10-25 08:00 | Medium | EUR – German Ifo Business Climate Index (Oct) |
| 2023-10-25 09:10 | Medium | EUR – Italian 10-Year BTP Auction |
| 2023-10-25 09:30 | Medium | EUR – German 10-Year Bund Auction |
| 2023-10-25 11:40 | High | USD – Building Permits |
| 2023-10-25 11:40 | Medium | USD – Building Permits (MoM) |
| 2023-10-25 12:00 | Medium | USD – Building Permits (MoM) |
| 2023-10-25 12:00 | High | USD – Building Permits |
| 2023-10-25 14:00 | High | New Home Sales Annual Rate |
| 2023-10-25 14:00 | High | USD – New Home Sales (Sep) |
| 2023-10-25 14:00 | Medium | USD – New Home Sales (MoM) (Sep) |
| 2023-10-25 14:00 | Medium | CAD – BoC Monetary Policy Report |
| 2023-10-25 14:00 | Medium | CAD – BoC Rate Statement |
| 2023-10-25 14:00 | High | CAD – BoC Interest Rate Decision |
| 2023-10-25 14:30 | High | EIA Petroleum Status Report Gasoline Inventories – W/W |
| 2023-10-25 14:30 | High | EIA Petroleum Status Report Distillate Inventories – W/W |
| 2023-10-25 14:30 | High | EIA Petroleum Status Report Crude Oil Inventories – W/W |
| 2023-10-25 14:30 | High | USD – Crude Oil Inventories |
| 2023-10-25 14:30 | Medium | USD – Cushing Crude Oil Inventories |
| 2023-10-25 15:00 | Medium | CAD – BoC Senior Deputy Governor Rogers Speaks |
| 2023-10-25 15:00 | Medium | CAD – BoC Gov Macklem Speaks |
| 2023-10-25 15:00 | Medium | CAD – BOC Press Conference |
| 2023-10-25 17:00 | Medium | USD – 5-Year Note Auction |
| 2023-10-25 17:00 | Medium | EUR – ECB President Lagarde Speaks |
| 2023-10-25 20:35 | High | USD – Fed Chair Powell Speaks |
| 2023-10-25 22:00 | Medium | AUD – RBA Assist Gov Kent Speaks |
| 2023-10-26 12:30 | High | International Trade in Goods [Advance] Balance |
| 2023-10-26 12:30 | High | Jobless Claims Initial Claims – Change |
| 2023-10-26 12:30 | High | International Trade in Goods [Advance] Imports – M/M |
| 2023-10-26 12:30 | High | Jobless Claims 4-Week Moving Average |
| 2023-10-26 12:30 | High | GDP Quarter over Quarter – Annual Rate |
| 2023-10-26 12:30 | High | Durable Goods Orders Ex-Transportation – M/M |
| 2023-10-26 12:30 | High | GDP Personal Consumption Expenditures – Annual Rate |
| 2023-10-26 12:30 | High | International Trade in Goods [Advance] Exports – M/M |
| 2023-10-26 12:30 | High | Jobless Claims Initial Claims – Level |
| 2023-10-26 12:30 | High | Durable Goods Orders Core Capital Goods – M/M |
| 2023-10-26 12:30 | High | Durable Goods Orders New Orders – M/M |
| 2023-10-26 14:00 | Medium | Pending Home Sales Index Month over Month |
| 2023-10-26 14:00 | Medium | Pending Home Sales Index Index |
| 2023-10-26 14:30 | Medium | EIA Natural Gas Report Week over Week |
Conclusion
“In conclusion, the Economic Events table outlines upcoming events from the global financial market that can exert significant influence on the crypto market. Traders and investors should carefully follow these events as they unfold, as they provide valuable insights into the health of the global economy. By tracking economic indicators such as building permits, oil inventories, and central bank actions, market participants can better assess the likely direction of cryptocurrencies. However, it is important to conduct further analysis, considering additional factors and technical analysis techniques, to gain a comprehensive understanding of market dynamics and make informed trading decisions in the volatile crypto market.”
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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