Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
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.
A new agreement between the US, Mexico and Canada were anticipated to support the CAD. However, the effect of the event didn’t last for a long time. The Canadian dollar is under big pressure as the USD strengthens again.
• If data are greater than forecasts, the CAD will rise.
• If data are weaker than forecasts, the CAD will fall.
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RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.
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