Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Signals from the Federal Reserve
The Federal Reserve has already raised interest rates twice this year. At its August meeting, the US central bank sounded confident enough about the country’s economic outlook and wasn’t very concerned by the threat of trade wars between the Unites States and other key economies. Traders will be able to find out the details of the meeting at 21:00 MT time on August 22. Market players are almost sure now that the Fed will increase its interest rate in September. Many traders also expect a rate hike in December.
• If the information from the central bank confirms the expectations of 2 more rate hikes in 2018, the USD will increase.
• If the central bank doesn’t hint on 2 more rate hikes this year, the USD will decline.
Similar
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.
Deposit with your local payment systems
