Crypto: The economic calendar for this week promises to be eventful

The 2024 economic calendar season has just begun, and it is shaping up to be full of twists and turns. Many economic indicators will be released. They will have a significant impact on the financial markets and the global economy. These events will also influence the crypto industry.

⚠️ ALERTE – C'est parti pour la saison 2024 du calendrier économique 📅

Nous aurons cette semaine les résultats de Morgan Stanley, Goldman Sachs, Prologis, TSMC, et les chiffres de l'inflation UE.

A suivre attentivement, ça va marquer le tempo de l'année sur les marchés 🧐 pic.twitter.com/7UiZSzA2DA

— GoodVal(ue) (@GoodValueCrypto) January 14, 2024

What is the economic calendar?

The economic calendar is an essential tool for players in the financial market. It lists the dates and times of publication for statistics, reports, speeches, and meetings that can move the prices of financial assets. This includes crypto.

The economic calendar season therefore represents a key period for analysis, forecasting, and speculation on crypto and financial markets.

Crypto: What are the events to closely follow this week?

Here are the events that will set the pace for the year in the crypto market:

The quarterly results of 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 impact on crypto?

According to projections by the European Central Bank (ECB), inflation is expected to slow down over the coming years, but at a slower rate than recently observed.

• Overall inflation is expected to drop from 5.4% in 2023 to 4.2% in 2024, then to 3.6% in 2025.
• Core inflation, which excludes volatile items such as energy and food, is expected to drop from 2.1% in 2023 to 1.9% in 2024, then to 1.8% in 2025.

This data is important for the crypto markets because it can affect the value of fiat currencies, the demand for alternative currencies, and the energy costs for crypto miners.

These events set the tone for the year on the markets for crypto. But not only that! They reveal opportunities and risks for cryptocurrencies investors and traders.