Market Overview - Page 528

Important upcoming events and publications for March 18 (GMT): 10:00 The eurozone trade balance shows growth due to higher European goods competitiveness after last year EUR weakening. In January it is expected the increase from 15.6 Bln to 17.2 Bln..

The momentum has continued on crypto markets as we begin the weekend. The bulls have awoken and driven total market capitalization over $140 billion as altcoins drive the recovery and Bitcoin reaches critical resistance levels. Bitcoin has slowly edged up.

Growth in manufacturing in the U.S. loses its traction. In February it grew by 0.1% after the decline by 0.4% a month earlier. Year over year growth slowed to 3.5% against peak 5.7% in September 2018. An additional disturbing sign.

Pakistan Prime Minister Imran Khan has threatened to hit India with “aggressive” action, hinting at the full weight of its nuclear arsenal. Khan extended his threat to “any superpower” that provokes his country. Are his words pointed at Donald Trump,.

A nationwide power failure in crisis-stricken Venezuela could trigger “serious disruption” to the oil market, the International Energy Agency (IEA) warned on Friday, but OPEC kingpin Saudi Arabia should have the means to offset any further production woes in Caracas..

Despite being down 80 percent from its all-time high, a fairly large number of investors are still cautious and shorting bitcoin in a low price range. Bitcoin shorts achieved a 3-week high earlier this week, demonstrating a  lack of confidence.

The pound is on the move to give away some recent gains, potentially heading to 1.3050 area to USD British Parliament voted to send Theresa May to Brussels to ask for a Brexit respite. This step should also be considered.

Important upcoming events and publications for March 15 (GMT): 08:55 BOJ Governor Haruhiko Kuroda speech after monetary policy meeting can cause higher than usual volatility. Since the end of the year, the heads of the largest central banks of developed.

From a massive movement of $435 million worth of Bitcoin to a big launch for Stellar, here’s a look at some of the stories breaking in the world of crypto. The fourth biggest Bitcoin whale in existence may be done.

A fresh bulk of the U.S. data is quite alarming, although it is unlikely to be a reason for the market’s sale-off Import prices rose by 0.6% in February, twice as much as the expected growth by 0.3%. The year.

The refusal to leave the EU without a deal reinforced the GBP purchases against USD and EUR, but still, there are too much “but” and “if” ahead EUR/GBP out of the trading range Yesterday the British pound showed intraday growth.

Important upcoming events and publications for March 14 (GMT): 12:30 U.S. Unemployment claims grew this year, prompting speculations that the best numbers (lows) are in the past, which is regarded as a signal of impending recession. 14:00 U.S. New Home.