Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Digital coins are mixed
On Monday, major digital coins were generally intact, with minor price movements in both directions.
Eventually, Bitcoin managed to surge by 0.19% concluding the trading session at $3,930.3. The number one crypto asset is definitely braced for testing the $4,000 mark having recovered from a tumble to $3,700 the previous week.
Additionally, XRP surged by 0.10% reaching $0.31367.
As for Ethereum, the number two crypto asset decreased by 0.53% coming up with an outcome of $136.07. Litecoin dipped by 0.23% being worth 57.089, becoming the top crypto performer for the last seven days, with its 20.71% leap.
The crypto market capitalization kept soaring, surging to $135 billion, adding nearly $4 billion from the beginning of March.
Market participants noted that a crypto arm for financial services giant Fidelity, Fidelity Digital Asset Services went live. Undoubtedly, it has become the most crucial news in the crypto world on Monday.
Some financial analysts ascertain that institutional interest in digital coins was still high notwithstanding the bearish crypto market.
In addition to this, Mercado Bitcoin, a Brazil-based crypto exchange managed to win a case versus Banco Santander that was ordered by a Brazilian court to have up to $350,000 returned to the crypto exchange.
The financial institution had the crypto exchange’s account closed and also froze its funds, telling that its activities were violating its policies. However, the judge who oversaw the proceedings told even although crypto trading appears to be a risky undertaking, Brazil’s major bank hasn’t prohibited the buying and selling of crypto assets within the country’s borders.
As the ruling states, the bank needs to return the funds in addition to interest of 1% a month. Moreover, it should also deal with the legal expenses of the crypto exchange as well as legal fees amounting to 10% of the conviction’s value.
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Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Latest news
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
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.
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