The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
Bitcoin and Ethereum edge up
On Thursday, prices of Bitcoin and Ethereum leapt, though struggled to make headway amid firm concerns that cryptocurrencies are experiencing a period of correction after recent record jumps.
On the U.S.-based GDAX exchange Bitcoin managed to grow 1.65%, hitting $2,376. The given cryptocurrency has struggled to regain momentum since reaching a high of $3,000 in June.
On Wednesday, experts at Morgan Stanley warned that instead of purchasing Bitcoin, owners would better spend it.
Apparently, Bitcoin owners don’t want to utilize the cryptocurrency considering its current rate of appreciation, as experts stress. They added that Bitcoin acceptance is nearly zero.
At the same time Ethereum soared to $209.3, ascending 2.16% for the day.
The previous week Ethereum faced its third weekly loss in a row. In general, prices have slumped nearly 55% since getting to an all-time peak close to the $400-level in June.
As for other cryptocurrencies, including Ripple and Litecoin, they were mixed.
The Reserve Bank of Australia (RBA) will release its interest rates and make a statement on August 2, 7:30 GMT+3.
The Federal Open Market Committee (FOMC) will update the Federal Funds Rate and make a statement about future monetary policy on July 27 at 21:00 MT.
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.