Today's Economic Calendar — September 24
Today is a heavier macro day than usual, with three central bank rate decisions landing before the US session even opens:
SNB (Swiss National Bank) Rate Decision — high impact
Riksbank (Sweden) Rate Decision — high impact
Norges Bank (Norway) Rate Decision — high impact
Germany Ifo Business Climate — a read on German business sentiment, lower direct crypto impact but relevant for broader risk appetite
US Initial Jobless Claims — medium impact, a fresh read on labor market health after yesterday's strong PMI beats
US New Home Sales — lower impact
Costco (COST) Earnings — not macro, but a read on US consumer spending strength
Why it matters for crypto: three separate central bank decisions in one morning tend to inject volatility into risk assets broadly, even when they're not directly about the US. More importantly, today's Jobless Claims print follows yesterday's blowout PMI data (Manufacturing 57.0 vs 53.6 forecast, Services 58.7 vs 55.8 forecast) — if claims also come in stronger than expected, it reinforces the "resilient economy, fewer Fed cuts" narrative that could keep pressure on risk assets short-term. A weaker claims number, on the other hand, would soften that read and could support a continuation of yesterday's BTC breakout.
Takeaway: expect choppier price action through the European session on rate decisions, with the real directional catalyst likely coming from the US Jobless Claims print.
Manage size accordingly on open positions today.
Today is a heavier macro day than usual, with three central bank rate decisions landing before the US session even opens:
SNB (Swiss National Bank) Rate Decision — high impact
Riksbank (Sweden) Rate Decision — high impact
Norges Bank (Norway) Rate Decision — high impact
Germany Ifo Business Climate — a read on German business sentiment, lower direct crypto impact but relevant for broader risk appetite
US Initial Jobless Claims — medium impact, a fresh read on labor market health after yesterday's strong PMI beats
US New Home Sales — lower impact
Costco (COST) Earnings — not macro, but a read on US consumer spending strength
Why it matters for crypto: three separate central bank decisions in one morning tend to inject volatility into risk assets broadly, even when they're not directly about the US. More importantly, today's Jobless Claims print follows yesterday's blowout PMI data (Manufacturing 57.0 vs 53.6 forecast, Services 58.7 vs 55.8 forecast) — if claims also come in stronger than expected, it reinforces the "resilient economy, fewer Fed cuts" narrative that could keep pressure on risk assets short-term. A weaker claims number, on the other hand, would soften that read and could support a continuation of yesterday's BTC breakout.
Takeaway: expect choppier price action through the European session on rate decisions, with the real directional catalyst likely coming from the US Jobless Claims print.
Manage size accordingly on open positions today.