Weekly Cryptonews
Cryptocurrencies are going down... What may signal a recovery?
A chance for the British pound
Great Britain will release the level of CPI on May 22, at 11:30 MT time. The indicator is considered as the most important inflation data for Great Britain, as it’s used as the inflation target of the Bank of England. Last time the indicator came out lower, than the expectations. It reached 1.9% instead of 2% anticipated by analysts. As a result, the British pound plunged. However, the current release may lead to a different outcome.
• If the actual level of CPI is higher than the forecasts, the GBP will go up;
• If the actual level of CPI is lower than the forecasts, the GBP will go down.
Similar
Jobs data for Australia may support the AUD
Australia will release the level of employment change and unemployment rate on August 15, at 4:30 MT time.
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
Latest news
Bitcoin dives 14%, slumping below $5,000
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
Deposit with your local payment systems
