Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Crypto assets slump
On Thursday, crypto assets generally dived. It’s because trading was still thin because of the Thanksgiving holiday.
As a matter of fact, on the Bitfinex exchange, Bitcoin headed south by 2.57% ending up with $4,537.90 having slumped to $4,411.00 on Tuesday.
In general, crypto assets declined, with the overall crypto market capitalization at about $147 billion at the time of writing, which is less than $150 billion recorded on Wednesday.
Besides this, Ethereum dived by 4.92% trading at $133.85. Litecoin reached $33.510, diving by 1.27%. As for XRP, this digital coin inched down by nearly 1.76% being worth $0.44332.
In addition to this, France’s National Federation of Tobacco Vendors revealed that tobacco shops are going to offer bitcoin vouchers on January 1, 2019. The project was started by French startup Keplerk. It gives users an opportunity to have their vouchers converted into Bitcoin and store it on crypto wallets on its platform.
By the way, the startup has been attempting to sell to retail investors for more than a year. It’s on the verge of charging a 7% commission on its transactions.
Additionally, the French key financial institution doesn’t oversee the Keplerk initiative. What’s more, it warned traders against the potential risks of injecting funds in crypto assets.
On Wednesday, the key French bank told that digital coins can be defined as solely speculative assets, having nothing in common with fiat currencies. Respectively, those who investing in Bitcoin as well as other digital coins expose themselves to a high risk.
Aside from that, Saudi Arabia is geared up towards starting its own crypto asset in 2019.
The crypto project of the United Arab Emirates is expected to be completed approximately by mid-2019. That’s what the head of innovation at the Saudi Arabian Monetary Authority, the country’s key financial institution, Mohsen Al Zahrani revealed.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The US unemployment claims are announced on Thursday at 15:30 MT time.
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…