Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Bitcoin goes down after China bans ICOs
On Monday, Chinese regulators labeled initial coin offerings as illegal, thus sending a powerful blow to the latest financial-markets mania and suppressing the prices of the two major cryptocurrencies, bitcoin and ether.
China’s shocking move that included a call for fundraising activities through the digital tokens to stop right now, came after a fresh warning by the US Securities and Exchange Commission that it might consider the coins to be securities.
The regulatory maneuvering takes place because fears have surged as for initial coin offerings that have captured traders’ imagination.
China’s role in cryptocurrencies happens to be considerable, but it’s shifting. Last year, Chinese exchanges boasted more than 90% of the entire digital-currency trading. A bit earlier in 2017, China’s major financial institution got down to imposing regulations on the exchanges. As a result much of the volume shifted to South Korea and Japan.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.