The US NFP Update: What to Wait for?
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
Bitcoin hits $10,000 boasting 940% of gains in 2017
On Tuesday, the virtual currency bitcoin managed to grow to an all-time maximum above $10,000 on key exchanges as well as digital currency indexes, including the well-known Luxembourg-based trading platform BitStamp.
Reportedly created in 2009, the virtual currency bitcoin makes use of encryption along with a blockchain database, enabling the anonymous and rapid transfer of funds outside of a conventional centralized payment system.
It has ascended more than 900% so far in 2017, reporting the largest revenue of all asset classes, taking advantage of soaring institutional demand for crypto-currencies because mainstream and financial use has expanded.
However, many skeptics tell that it appears to be a pure speculative bubble, which has no relation to real financial market activity, to say nothing of the economy. What’s more JPMorgan chief Jamie Dimon dared to have it labeled a fraud.
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Bank of England Statement: What to Expect
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
Australian Cash Rate Hot News
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
