As every Sunday, we discuss significant developments in the cryptocurrency landscape for the upcoming days. Recent macroeconomic trends have heavily influenced cryptocurrency traders. As we approach the Fed meeting, what crucial events await us?
Important Developments in Cryptocurrencies
Being aware of the calendar allows you to prepare for potential volatility periods. Certain events are almost guaranteed to cause volatility in specific altcoins or the market as a whole. Understanding these factors can be beneficial in forming your strategies. So, what important events will impact the charts in the coming days and hours?
April 29, Tuesday
- 14:00 PayPal Earnings Report
- 17:00 U.S. JOLTS Job Openings (Forecast: 7.49M Previous: 7.56M)
- 17:00 U.S. CB Consumer Confidence (Forecast: 87.6 Previous: 92.9)
- Announcement from EOS Vault
April 30, Wednesday
- 15:15 U.S. ADP Employment Change (Forecast: 124.5K Previous: 155K)
- 15:30 U.S. GDP (Quarterly) (Forecast: 0.4% Previous: 2.4%)
- 17:00 U.S. PCE (Forecast: 2.2% Previous: 2.5%)
- U.S. Core PCE (Forecast: 2.6% Previous: 2.8%)
- 23:05 Microsoft Earnings Report
- 23:40 Meta Earnings Report
- TOKEN2049 Dubai Event
May 1, Thursday
- 16:45 U.S. S&P Manufacturing PMI Final (Forecast: 50.7 Previous: 50.7)
- 17:00 U.S. ISM Manufacturing PMI (Forecast: 48 Previous: 49)
- 23:00-23:30 Amazon and Apple Earnings Report
May 2, Friday
- 15:30 U.S. Unemployment Rate (Forecast and Previous: 4.2%)
- U.S. Non-Farm Payrolls (Forecast: 130K Previous: 228K)
- 17:00 U.S. Factory Orders (Forecast: 4.4% Previous: 0.6%)
Points to Watch
Throughout the week, major companies will release earnings reports, some of which are linked to cryptocurrency. Details like how much PayPal earned from its stablecoin venture are crucial. Consumer confidence data on Tuesday could lead to volatility specifically with EOS.
Wednesday brings some of the month’s most significant macro data. PCE and ADP will prepare the markets for Friday. If PCE and ADP results fall short of expectations, it could benefit cryptocurrencies. The TOKEN2049 event will serve as a platform for participant projects to make significant announcements and reveal partnerships, potentially triggering volatility.
On Friday, employment data will be crucial, as a slowdown in employment could pressure the Fed to consider interest rate cuts. Only 10 days remain until the Fed meeting.
