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 US Dollar on the economic release
The level of US retail sales and core retail sales are due to release on December 14 at 15:30 MT time.
Last month the total value of sales at the retail level rose by a higher-than-expected level of 0.8%. In its turn, the level of core retail sales which represents retail sales excluding automobiles increased by 0.7%. It helped the USD to strengthen. If this time the indicators outperform the forecasts, it will happen again.
• If the data is higher than the forecast, the USD will rise.
• If the data is lower than the forecast, the USD 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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