Cryptocurrency After last week with a sudden drop in the market, investors are considering how the economic developments from the USA and Europe in the next week may affect the price of Bitcoin.
Here are the economic developments for the next week.
All times are indicated in Turkey time.
Tuesday, March 7
18:00 – US Fed Chairman Powell to Make Statement
Fed Chairman Jerome Powell will brief the Economic outlook and recent monetary policy actions before the United Economic Committee in Washington DC.
Wednesday, March 8
13:00 – European Central Bank President Lagarde to Speak
13:00 – Fabio Panetta, Member of the Board of the European Central Bank, will give a speech.
13:00 – Eurozone Gross Domestic Product (GDP) to be Announced Annually (Expected: 1.9%, Previous: 2.3%)
Gross Domestic Product (GDP) measures the annual change in the inflation-adjusted value of all goods and services produced by the economy.
16:15 – US ADP Non-Farm Employment Change data will be released. (Expectation: 195k, Previous: 106k)
18:00 – US Fed Chairman Powell to Make Statement
Fed Chairman Jerome Powell will brief the Economic outlook and recent monetary policy actions before the United Economic Committee in Washington DC.
22:00 – US FED Beige Book document will be published.
The Fed’s Beige Book is a report on current economic conditions in each of the 12 US Federal districts and gives a picture of economic trends and issues in the US.
Thursday, March 9
16:30 – US Initial Unemployment Claims data will be released. (Expectation: 195k, Previous: 190k)
Friday, March 10
16:30 – US Non-Farm Payrolls data will be released. (Expectation: 517k, Previous: 200k)
16:30 – US Unemployment Rate data will be released. (Expected: 3.4%, Previous: 3.4%)
18:00 – European Central Bank President Lagarde to Speak
*Not investment advice.
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