
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
On Thursday, bitcoin resumed its dip after South Korea told it was considering a number of options including a probable shutdown of some cryptocurrency exchanges to suppress wild speculation.
South Korea has appeared to be ground zero for a global soar in interest in bitcoin as well as other cryptocurrencies because their prices rallied in 2017, helping the Asian country’s prime minister to worry over the potential impact on Korean youth. While there’s no any signs that Asia’s number four economy is going to shutter exchanges, which have already accounted by some measures for more than fifth of trading worldwide, the news rolls out a warning as more and more regulators around the globe express worries about private digital currencies.
In Asia, bitcoin dived 7.2% to $14,102, erasing moderate profits following the South Korean release. The cryptocurrency has lost 25% from its record maximum hit the previous week.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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