Weekly CryptoNews
Why did Bitcoin blow off on Wednesday? What is happening in the world of crypto today? Read and find out!
Finance minister: German economy will ascend firmly in the third quarter
At the beginning of the third quarter the German economy slumped after a strong performance in the first half of 2017, although indicators hint that its firm surge will continue, as the Finance Ministry announced on Thursday.
Europe's number one economy is actually facing a consumer-led upswing, driven by record-high employment, surging real wages as well as low borrowing costs. These conditions will help Chancellor Angela Merkel to grasp a fourth term in an upcoming federal election.
The Finance Ministry, actually controlled by Merkel's conservatives as well as their veteran lawmaker Wolfgang Schaeuble, stressed in its monthly report that at the beginning of the third quarter the German economy lost some momentum.
However, they added that recent economic data show that the sturdy upswing will keep its pace in the third quarter too. Moreover, business morale was still high, while German exporters were supposed to derive benefits from a global economic revival.
Similar
American mortgage industry experiences job losses
With mortgage applications heading south to their lowest value since late-2014, the American home lending sector is currently experiencing a key overhaul in how it’s getting on and also manages staffing levels…
Trade the CAD on economic indicators
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
