Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
Ethereum reached a record high of $1 563
Ethereum has reached a new all-time high of $1 563 on Wednesday, according to CoinDesk. The altcoin rose in value by 16 times since March 2020.
What does it mean for traders?
The world’s second-largest cryptocurrency, which has a market cap of $160 billion, has gained 111% since the start of 2021, outpacing bitcoin’s 24% rise. However, experts see further growth potential. Galaxy Trading expects the price to trade as high as $3,000 in the next few weeks. According to Fundstrat Global Advisors, Ethereum may rise to $10 500. Among the factors positive for the ETH, analysts cited the development of the decentralized finance (commonly referred to as DeFi) and the major upgrade of the cryptocurrency’s network.
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Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).