Calendar: Bitcoin faces a new complicated agenda

Source: CritpoTendencia Original Title: Calendar: Bitcoin Faces a New Complicated Agenda Original Link: The price of Bitcoin continues to be under strong selling pressure and this week faces a particularly complicated data calendar. Reports in the United States continue to remain under wraps as a result of the largest government shutdown in the country's history.

This bad fiscal moment is strongly extending towards the economy, especially with the increasing 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 hold back on its monetary policy decisions. Basically, the central bank might 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 carries weight as it is the most important market with the greatest relationship with cryptocurrencies.

In any case, this work provides the weekly data schedule that could impact cryptocurrencies. Some of the scheduled data from the U.S. may not be published.

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

In this note, as usual, an agenda is provided with the data most likely to impact the price of Bitcoin. This implies that some data that is of enormous importance to other markets is discarded, but not so much for cryptocurrencies.

Monday:

• M2 money supply in China
• Sentix consumer confidence report in the European Union
• Inflation expectations from 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
• M2 money supply in Japan
• Fed speech in the U.S.

Wednesday:

• IPC inflation data in Germany and industrial production in Italy
• Eurogroup Meeting
• Fed Speeches
• Producer inflation in Japan

Thursday:

• Economic growth data (GDP) in UK
• Balance of traded goods, manufacturing, and services in the UK
• Economic bulletin of the European Central Bank
• Month-to-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.
• Balance of the federal budget 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.
• Fed Statements

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