Economic & Crypto Calendar (June 19 - June 23)

We have passed the week of the FED. The good news is the interest rates are kept stable but, on the other hand, Powel found a way to have a hawkish-stable formula for the markets. He mentioned 2 more (possible) interest rates in 2023. However, though we may have 1 more 25 bps interest hike, another one would end up with more banks bankrupting.

Let's talk about the next week's calendars!

Economic Calender of the U.S.

On Monday, all markets are closed in the U.S. and Tuesday will not have any important events to track. Yet, this week we will see Powel, the chair of the FED, twice both on Wednesday and Thursday.

Investors do not expect to hear something new from Powel as he stated his intention clearly. He does not want a party in the markets in 2023 while there is still an "undesired" level of inflation in the U.S.

As you know, the FED has 2 responsibilities. The first one is to control the inflation of money and the second duty is to control the jobless rates in the country. Thus, every Thursday, the jobless claims and related data is watched closely by the investors.

This week, be watchful in the midst of the week. There is possible volatility in the markets.

Economic Calender of G20

The eyes will be on GBP as there are still some more steps to be taken if GBP's inflation is intended to be controlled.

These inflation rates are seen as a thread that needs to be handled quickly. However, as Great Britain started late to that fight, now they are dealing with a "bigger monster" with their interest rates weapon.

Meanwhile, it might be better to remember the next interest rate decision by the central banks.

Actually, the DXY's resilience is directly related to the interest rates given by the other major central banks. Thus, it would not be a good idea to sleep on them. Especially the ECB's and BOE's decisions need to be watched closely.

Have a look at the case in Asia. There is a massive battle against inflation and / or recession on the other side of the world.

We need the full capacity production in China and Germany to acknowledge that the recession will be "mild" in the near future.

Crypto Calendar

When the markets are not bullish, there is less engagement in crypto, as well.

The launch pool of Maverick on Binance will continue. You may farm this promising token if you like it. I'm using Maverick on zkSync mainnet and it is a nice one. That's why I have some funds on Binance to get some MAV by farming before the listing.

There are two expected IDOs on DaoMaker if you want to take part. The project Themis is a popular one while SpartaDEX looks solid. Though we are in the bear market, strong projects may find a place for themselves and they may stay stable until they get their pumps.

Are you following any data or news this week? Crypto? Powel of the FED? IDOs?

Share with us below 👇

Hive On ✌🏼

Posted Using LeoFinance Alpha