GBP/USD finds a support
During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
Bitcoin goes down as South Korea hints at probable closures
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.
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Bitcoin falls below the $10,000 level
The digital asset could not stick above the 50-day SMA for a long time.
Is there a chance for the NZD?
New Zealand is going to release the level of quarterly retail sales on August 23, at 1:45 MT time.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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