Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Federal Reserve’s Meeting & Press Conference
| Meetings of the US central bank are among the most anticipated Forex events. September meeting is no exception. |
| The Federal Reserve will announce the Federal Funds Rate and the FOMC economic projections at 21:00 MT time on September 20. The press conference of the Fed’s Chair Janet Yellen will follow at 21:00 MT time. |
| The market is not expecting a rate hike, but looks forward to news about the Fed’s plans to unwind its massive balance sheet. Janet Yellen’s comments will likely move the market as well. |
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China's retail sales surge dives to 16-year minimum
On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…
American import prices rally a bit
In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…
Latest news
Gold heads south on tumbling greenback
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
European equities conclude in positive territory for the fifth consecutive week
On Friday, European stock indices fluctuated at the beginning of the trading session…
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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