Canada will release the employment change and the unemployment rate on October 9, 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.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.