Economic calendar: Bitcoin faces a week of complicated data

Source: CritpoTendencia Original Title: Calendar: Bitcoin faces a new complicated agenda Original Link: The price of Bitcoin continues to face strong selling pressure and this week it is confronted with a particularly complicated data calendar. Reports in the United States continue to remain under wraps as a consequence of the largest government shutdown in the history of that country.

This bad fiscal moment is strongly extending into the economy, especially with the growing suspension of commercial flights. As workers leave their positions in airlines, they are forced to reduce their services, something that was noticeable with the flight suspensions this weekend.

As the shutdown continues, so does the uncertainty related to monetary policy. At some point, the lack of economic data could force the Federal Reserve to halt its monetary policy decisions. Essentially, the central bank could refuse to make blind decisions.

In the particular case of Bitcoin, the lack of U.S. data on the calendar becomes a source of intrigue. Although important data from other nations will be known, the case of the United States weighs heavily as it is the most important market with the greatest relationship with cryptocurrencies.

The data calendar that could move the price of Bitcoin this week

This note provides an agenda with the data that has the highest potential impact on the price of Bitcoin.

Monday:

• M2 money supply in China
• Sentix report on consumer confidence in the European Union
• Inflation expectations of the Cleveland Fed
• Retail sales monitor in the United Kingdom
• Credit data in China and Japan

Tuesday:

• Employment and salary data in the UK
• ZEW Economic Sentiment Report in the EU
• Monetary reserves M2 in Japan
• Fed Chair Barr's speech in the U.S.

Wednesday:

• IPC inflation data in Germany and industrial production in Italy
• Eurogroup Meeting
• Speeches by Williams, Paulson, Waller, Bostic, and Miran from the Fed
• Producer inflation in Japan

Thursday:

• Economic growth data (GDP) in the UK
• Balance of traded goods, manufacturing, and services in the UK
• Economic Bulletin of the European Central Bank
• Month-on-month industrial production in the EU
• ECOFIN Meeting in the EU
• CPI inflation data in the U.S.
• Weekly unemployment claims in the U.S.
• Statements from Musalem and Hammack of the Fed
• Federal budget balance in the U.S.
• Industrial production, retail sales, and unemployment rate in China

Friday:

• Flash data in the employment sector in the EU
• Flash GDP in the EU
• Trade balance in the EU
• Producer inflation in the U.S.
• Retail sales in the U.S.
• Statements from Bostic, Schmid, and Logan from the Fed

Important: Data related to the U.S. government will likely be rescheduled or canceled as a result of the shutdown.