Increasing correlation of Bitcoin with US stock markets, cryptocurrency also affected the agenda of investors.
Investors who closely follow the economic calendar in the USA, according to the reaction of the stock markets. bitcoin and trading altcoin investments.
This week USAWe observe that there are a number of important agendas in . Undoubtedly, the first of these is the inflation data to be announced on Thursday. But let’s take a look at the highlights of the weekly calendar together.
09/02/2022 Wednesday
US 10-Year Bond Auction at 9 PM
10/02/2022 Thursday
Monthly and Annual Consumer Inflation Data at 16.30.
Unemployment Rights Applications at 16.30
30-Year Bond Auction at 21.00
FED’s Budget Balance at 22.00
11/02/2022 Friday
18.00 Fed Monetary Policy Report (submitted to congress every 6 months. Last published 09/07/2021)
Inflation To Be Released On Thursday
Due to the effect of inflation on monetary policy, we see that the data in this area cause more harsh movements on the markets.
Because the increase in inflation in the USA and its continuing to be above the expectations fuels the concerns that the FED may be more hawkish than its current state.
It was stated that the inflation, which was announced as 7% in December, was the highest inflation in the last 39 years.
Inflation expectations for January are seen as 7.3%. Since the markets have priced these expectations in advance, how far the figure to be announced is from the expectations will be more decisive for the direction of the markets.