Prepare for a week filled with anticipation as investors brace themselves for the Federal Reserve’s decisions. This week holds great significance, especially after the recent data that rocked risk markets. Investors eagerly await whether the Fed will alter its stance or adopt a new strategy. However, the Fed meeting is not the only notable event on the horizon. Let’s delve into what’s in store for this week.
Significant Developments in Cryptocurrencies
Undoubtedly, the Fed meeting takes center stage, but there are other key developments worth noting throughout the week. The US economy has not met growth expectations, and inflation is on the rise. Interest rate pressures are having a significant impact on economic growth without effectively addressing inflation.
Now, let’s explore what will capture investors’ attention over the next seven days, as we do each Sunday.
April 29, Monday
– OP Key Opening ($63.7 Million)
April 30, Tuesday
– 12:00 EU CPI (Expectation: 2.4%)
– 17:00 US CB Consumer Confidence (Expectation: 104 Previous: 104.7)
– Former Binance CEO CZ’s Penalty to be Announced
– PRIME Coin ($30 Million)
– SUI ($5 Million)
– MANTA ($3.4 Million)
May 1, Wednesday
– 15:15 US ADP Non-Farm Employment Change (Expectation: 179K Previous: 184K)
– 16:45 US Manufacturing PMI (Expectation: 49.9 Previous: 51.9)
– 17:00 US Job Openings and Labor Turnover Survey (JOLTS) (Expectation: 8,680M Previous: 8,756M)
– 21:00 Fed Interest Rate Decision
– 21:30 Fed Chairman Powell to Speak After the Decision
– THETA EdgeCloud to be Launched
– DYDX ($72 Million)
– ZETA ($6.7 Million)
– ENA ($46 Million)
May 2, Thursday
– 15:30 US Unemployment Claims (Expectation: 212K Previous: 207K)
– Shibarium Hard Fork
May 3, Friday
– 10:00 Turkey Inflation Data (Previous: 68.5%)
– 15:30 US Average Hourly Earnings (Expectation: 0.3%)
– 15:30 US Non-Farm Employment (Expectation: 243K Previous: 303K)
– 15:30 US Unemployment Rate (Expectation: 3.8%)
– MEME Coin ($150 Million)
May 4, Saturday
– 02:45 Fed/Goolsbee to Speak
– 02:45 FOMC Member Williams to Speak
May 5, Sunday
– XRP Las Vegas Event
What to Watch Out For?
This week, Wednesday and Friday could introduce higher volatility in the cryptocurrency market. Following the Fed meeting, investors will scrutinize Powell’s previous statements for hints about future meetings. Friday’s data will reveal whether Powell’s expectations regarding employment easing for interest rate cuts will come to fruition. Additionally, significant key openings may trigger price fluctuations in altcoins.
Disclaimer: The information provided in this article should not be considered investment advice. Investors must be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research.