Weekly Cryptonews
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.
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Jobs data for Australia may support the AUD
Australia will release the level of employment change and unemployment rate on August 15, at 4:30 MT time.
Wait for the inflation data for the US
The USA will release the levels of CPI and core CPI on August 13, at 15:30 MT time.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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