Crypto Market Watch: Economic Releases to Impact Financial Markets This Week
The upcoming week is packed with key economic releases that could impact financial markets. On Monday, August 17, BitFuFu (FUFU) will announce its financial results before the market opens, with a predicted value of $0.01. The Canadian Consumer Price Index (CPI) data for July will also be released, with an expected annual inflation rate of 2.6%.
On Tuesday, August 18, the USDC partnership agreement between Coinbase and Circle will enter its first three-year renewal period. Canaan (CAN) will announce its financial results before the market opens, with a predicted value of -$0.14. BTCS Inc (BTCS) will also announce its earnings after the market closes.
Wednesday, August 19, brings the release of UK CPI data for July, with an expected annual inflation rate of 3.0%. The Eurozone's final annual headline and core inflation data for July will also be released, with expected rates of 2.9% and 2.5%, respectively.
The Federal Reserve's FOMC minutes from the July 28-29 meeting will be published on Wednesday as well.
Thursday, August 20, sees the release of US initial jobless claims for the week ending August 15, with an expected figure of 201K. On Friday, August 21, Japan's annual headline CPI and core CPI data for July will be released, with previous values of 1.7% and 1.6%, respectively.
Finally, on Sunday, August 23, the EU's ban on transactions with 14 specified crypto asset service platforms will begin to be implemented.