The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
5 important things this week will bring us!
5 important things you need to know about this week!
RBA Governor Mr. Lowe Speaks (Tue, 01:00 MT time) – traders will get clues on the current economic situation to forecast the further direction of the AUD.
NZ Retail Sales (Wed, 1:45 MT time) – the forecast is encouraging. A chance for the NZD to recover.
Canadian Core Retail Sales (Wed, 15:30 MT time) – the forecast is unknown. Will the CAD get support in times of NAFTA uncertainties?
Jackson Hole Symposium (Thu, Day 1) – a big event where representatives of the financial markets and central banks meet. Clues on the economic conditions are anticipated.
US Core Durable Goods Orders (Friday, 15:30 MT time) – the forecast is encouraging. Chances for the USD to regain previous highs.
US-China talks are resumed. Parties will meet on Aug 22 and Aug 23 to discuss trade disputes. Let’s see whether they agree on something new.
Brexit negotiations are in the arena again. UK Brexit secretary will go to Brussels this week to continue negotiations with the EU. On Thursday, the UK will begin publishing plans on how to keep the economy afloat next March if no trade deal is achieved.
Some news on the NAFTA deal is in place this week. The forecast is cloudy. Any impact on markets is anticipated.
On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…
In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.