Upcoming Economic Events & Forecast | 4th July, 2022

World Blockchain Summit - Poland

• Date & Time: Monday 4th - Tuesday 5th July
• Influenced Assets: All crypto markets
• Previous Figures: N/A
• Prediction: N/A

Why Our Traders Care: The World Blockchain Summit 🌎 is a gathering of like-minded enthusiasts that takes place in 19 countries across the globe throughout the year. The aim is to connect investors from the blockchain and cryptocurrency space to discuss 🗣️ the future of the industry and how it can transform businesses to integrate into the modern working world! These types of events are ❗ particularly important to the crypto markets as it drives further outreach to the current state of the market, future advancements, and information; all of which help lead further adoption!

JOLTS Job Openings Report

• Date & Time: Wednesday 6th July, 5pm GMT+3
• Influenced Assets: USD and global markets
• Previous Figures: 11.40M
• Prediction: 10.85M

Why Our Traders Care: 📋 This report is a survey done by the US Bureau of Labour Statistics to help measure job vacancies. It is released late, but can impact the market because job openings are a leading indicator of overall 💼 employment.

A reading that is stronger than forecasted is generally supportive (bullish) for the USD ⤴️, while a weaker than forecast reading is generally negative (bearish) for the USD ⤵️. For crypto traders, we need to see the USD decline to see further upside potential in the crypto markets!

U.S. Federal Open Market Committee (FOMC) Meeting Minutes

• Date & Time: Wednesday 6th July, 9pm GMT+3
• Influenced Assets: USD and global markets
• Previous Figures: N/A
• Prediction: N/A

Why Our Traders Care: This is a detailed record 📋 of the committee’s policy-setting meeting that was held 2 weeks ago, providing detailed insights regarding the FOMC's stance on monetary policy, so currency traders carefully examine 🕵 them for clues regarding the outcome of future interest rate decisions.

Paris Blockchain Summit III - Mainstream Edition

• Date & Time: Thursday 7th July - Friday 8th July
• Influenced Assets: All crypto markets
• Previous Figures: N/A
• Prediction: N/A

Why Our Traders Care: After two successful editions, the Paris Blockchain Summit (PBS) 🥖🧀🍷 returns with its Mainstream edition! Every year, PBS brings together the international ecosystem welcoming more than 1200 participants from more than 20 countries. With nearly 50 speakers from multinationals such as Nestlé 🥛 and L'Oréal 👩‍ - PBS is an event that will provide concrete answers to the challenges and trends of tomorrow: Metaverse, NFTs, Blockchain, etc. This event brings the crypto community together and helps push confidence to take crypto mainstream and increase widespread adoption!

US Unemployment Claims

• Date & Time: Thursday 7th July, 3.30pm GMT+3
• Influenced Assets: USD and Global Markets
• Previous Figures: 231K
• Prediction: 230K

Why Our Traders Care: Initial Unemployment Claims 🪑 measures the number of individuals who filed for unemployment insurance for the first time during this past week. This is the earliest U.S. economic data, but the market impact varies from week to week. There tends to be more focus on the release of this report when traders need to diagnose 🕵 recent developments, or when the reading is at extremes!

A higher than expected reading should be taken as negative/bearish for the USD ⤴️, while a lower than expected reading should be taken as positive/bullish for the USD ⤵️.

U.S. Federal Open Market Committee (FOMC) Member Bullard Speaks

• Date & Time: Thursday 7th July, 8.00pm GMT+3
• Influenced Assets: USD and global markets
• Previous Figures: N/A
• Prediction: N/A

Why Our Traders Care: Federal Reserve Bank of St. Louis President and Federal Open Market Committee (FOMC) 🏛️ voting member James Bullard is to speak. The FOMC members are responsible for setting the benchmark interest rate 🔣 and their speeches are closely watched for indications of the future direction of monetary policy. His comments may determine a short-term positive or negative trend which traders follow 🕵 closely!

Metaverse Expo 2022

• Date & Time: Friday 8th July - 10th July
• **Influenced Assets: All crypto markets
• Previous Figures: N/A
• Prediction: N/A

Why Our Traders Care: The Metaverse Expo 🌐 aims to bring together innovative entrepreneurs to connect and interact with industry leaders impacting the Metaverse, Gaming, and NFT Space! The event will take place at the renowned Las Vegas 🍸🎰🎲 Convention Centre. During the 3-day event you can expect: exhibitor stands including partners of TCG World Metaverse, key speakers & panel discussions, high-value networking opportunities, live entertainment, and much more…! Once again, 👍 great for the crypto space as it drives further outreach to the current state of the market, future advancements, and information; all of which help lead to further adoption!

Non-Farm Employment Change

• Date & Time: Friday 8th July, 3.30pm GMT+3
• Influenced Assets: USD and global markets
• Previous Figures: 390K
• Prediction: 275K

Why Our Traders Care: The Non-farm Employment Change is vital economic data released shortly after the month ends and the report measures the change in the number of people employed 💼 during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity!

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

👉 Read our article on what is the NFP here!

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