Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Weekly CryptoNews
Christopher Giancarlo, chairman of the Commodity futures trading commission (CFTC): “I personally think that cryptocurrencies are here to stay. I think there is a future for them. I’m not sure they ever come to rival the dollar or other hard currencies, but there’s a whole section of the world that really is hungry for functioning currencies that they can’t find in their local currencies. There’s 140 countries in the world, every one of them has a currency. Probably two-thirds are not worth the polymer or the paper they’re written on, and those parts of the world rely on hard currencies. Bitcoin [or another] cryptocurrency may solve some of the problems.”
On Monday Bitcoin gained a little testing the resistance at $6610 (50-day MA). However, the price did not manage to hold this level on Tuesday and Wednesday and fell down to the support at $6350. Thursday was bullish for BTC/USD as it came back to the resistance at $6574. Up to now, BTC/USD is trading in the red zone. The support is at $6350. In case of positive news, the resistance is at $6574. The next resistance is at $6610.
- More opportunities: Large American broker TD Ameritrade is planning to start trading of crypto futures using the ErisX platform.
- Wall Street Journal keeps bringing “sensations”. Journalist from Wall Street Journal launched the WSJ Coin token to research cryptocurrencies. However, the editorial stuff changed its mind and closed this project.
- Crypto trading platform Poloniex will deprive users from the US of marginal trading to please the regulators. This is what happens to cryptoplatform when it’s bought by Goldman Sachs owned company ;)
- Economic giants are giants everywhere: Analysts from Bank of America forecasted the blockchain technologies market to reach 7 billion dollars. Amazon, Microsoft and Oracle are expected to earn the most part of it.
- Research from Bloomberg: Institutional investors prefer using over-the-counter trading platforms and their presence on cryptomarket is more significant, than it seems.
- British startup London Block Exchange will launch a stable coin connected to the course of the British pound. It seems like every company is going to have its own digital currency soon.
- Experts from ICO rating analyzed the most successful crypto trading platforms and made a conclusion that 54% of them have a problem with crypto protection.
Bitcoin $6,574.0 (-0.64%)
DASH $180.62 (-0.76%)
Ethereum $221.25 (+6.51%)
Litecoin: $57.520 (-1.35%)
Similar
Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Latest news
CAD is in focus
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
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