3 Major Events This Week That Could Move Crypto and Stocks

This week is packed with critical macro events that could shift momentum across stocks, crypto, and global risk assets. With the FOMC minutes, NVIDIA earnings, unemployment data, and PMI readings all landing between November 19 and 21, traders should brace for volatility.

While all events will influence sentiment, NVIDIA earnings and unemployment data stand out as the two most important catalysts — with the potential to shape both monetary policy expectations and broader risk appetite in the weeks ahead.

November 19 – FOMC Minutes & NVIDIA Earnings

November 20 – Unemployment Data & Jobless Claims

The September unemployment report and initial jobless claims arrive this week — and they may be even more impactful than inflation data.

Why it matters:

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  Higher-than-expected unemployment increases the probability of rate cuts.
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  Rate cuts typically boost risk assets, including crypto.
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  Weak labor markets could push the Fed toward an earlier pivot.

If unemployment rises significantly, markets may price in a more dovish path — potentially triggering upside for $Bitcoin, $Ethereum, and high-beta altcoins.

November 21 – PMI Data & Inflation Expectations

The final batch of macro data includes PMI readings and inflation expectations:

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  PMI will show whether manufacturing and services are expanding or contracting.
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  Inflation expectations influence long-term rate projections and consumer sentiment.

While important, these reports are unlikely to overshadow NVIDIA earnings or unemployment numbers — but they will help confirm whether the U.S. economy is slowing or stabilizing.

Why This Week Matters for Crypto

Crypto continues to follow macro momentum closely. Two outcomes could define the week:

A combination of both could create a powerful bullish setup for risk markets into December.