Weekly Cryptonews
The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
US ISM Manufacturing PMI
| The US dollar is experiencing high volatility. Although the Federal Reserve is gradually raising rates and this is good for the USD, concerns trade about wars are weighing on the currency. The Institute for Supply Management will release Manufacturing PMI at 17:00 MT time on April 2. PMI is a leading indicator of the US economic health. A reading above 50.0 will be positive for this indicator, and the greenback will have chances to strengthen. Moreover, positive economic data may make the Fed to raise interest rates more than 3 times this year. If the indicator disappoints compared with the forecast level, the USD will decline in the short-term. |
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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.
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