The 2024 season of the economic calendar has just begun, and it promises to be full of twists and turns. Many economic indicators will be published. They will have a significant impact on financial markets and the global economy. These events will also influence the crypto industry.
What is the economic calendar?
The economic calendar is an essential tool for financial market participants. He’s regouping publication dates and times statistics, reports, speeches and meetings that can move the prices of financial assets. This includes crypto.
There economic calendar season therefore represents a key period for analysis, forecasting and speculation in crypto and financial markets.
Crypto: What events should you follow closely this week?
Here are the events that will mark the pace of the year on the crypto market:
Quarterly results from Morgan Stanley, Goldman Sachs, Prologis and TSMC
These companies operate in sectors sensitive to fluctuations in demand, interest rates, commodity prices and competition.
Their results will reflect:
- economic health,
- the growth of key sectors,
- their potential adoption of blockchain technologies and crypto currencies.
Data on inflation in the EU: What impacts on crypto?
According to projections from the European Central Bank (ECB), inflation is expected to slow over the coming years, but at a slower pace than observed recently.
- Overall inflation is expected to fall from 5.4% in 2023 to 4.2% in 2024, then to 3.6% in 2025.
- Core inflation, which excludes volatile items like energy and food, is expected to fall from 2.1% in 2023 to 1.9% in 2024, then to 1.8% in 2025.
This data is important for crypto markets because it can affect the value of fiat currencies, the demand for alternative currencies as well as the cost of energy for crypto miners.
These events set the tone for the year in the crypto markets. But not only ! They reveal the opportunities and risks that arise for crypto investors and traders.
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