Cryptocurrencies are going down... What may signal a recovery?
The volatility for the CAD is expected
Canada will release the level of core retail sales and CPI on March 22, at 14:30 MT time. CPI represents the change in the price of goods and services purchased by consumers. It's a very important indicator of inflation due to its early release and broad scope. CPI will be released at the same time with the level of core retail sales. Core retail sales show the change in the total value of sales, excluding automobiles. Together, they may provide great volatility to the loonie. Last time, CPI increased by 0.1% (lower than the forecasts), while core retail sales remained at the same level. Will the indicators outperform the forecasts this time?
• If the actual levels of indicators are higher, the CAD will go up;
• If the actual levels of indicators are lower, the CAD will go down.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.