Markets Prepare for Key Inflation Reports and Central Bank Announcements
Markets face a pivotal week with key economic releases and central bank updates influencing crypto investments.
- China will release August CPI and PPI, affecting global growth sentiment.
- The US will publish August PPI at 14:30 CEST, impacting inflation expectations and potentially influencing Bitcoin.
- EIA crude oil inventories will be released at 16:30 CEST, affecting bond yields and risk assets.
- US CPI for August on Thursday at 14:30 CEST is crucial ahead of the Fed’s September 17 meeting. Softer data may lead to rate cuts, boosting risk assets.
- The European Central Bank will announce its interest rate decision on the same day, impacting euro and dollar flows, which affects Bitcoin values.
- Weekly US jobless claims at 14:30 CEST will provide insights into labor market strength.
- On Friday, the UK’s July GDP at 08:00 CEST will impact GBP and EUR trading.
- The University of Michigan's consumer sentiment index at 16:00 CEST includes inflation expectations, influencing risk appetite for crypto.
The week's outcomes will steer markets towards optimism or caution regarding monetary policy, with US CPI and ECB decisions as significant catalysts for crypto, especially Bitcoin.