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Market Overview - Page 598


UK’s new monthly GDP data to be released today for the first time
UK’s new monthly GDP data to be released today for the first time

At 08:30 GMT, UK Industrial Production (May) is expected to be 0.5% (MoM) and 2.7% (YoY) against a previous -0.8% (MoM) and 2.9% (YoY). Manufacturing Production (May) is expected to be 0.7% (MoM) and 3.1% (YoY) against -1.4% (MoM) and.

The Pound continues to weaken as UK political uncertainty prevails
The Pound continues to weaken as UK political uncertainty prevails

Cable (GBPUSD) took a hit yesterday as Boris Johnson resigned from the Cabinet following the earlier decision by David Davis to part ways with his post as Brexit Secretary. The initial move on the Davis resignation was for Cable to.

Central Bank members lead the calendar to start the week
Central Bank members lead the calendar to start the week

At 10:00 GMT, MPC Member Broadbent will deliver the opening remarks at the Economics and Psychology conference hosted by the BOE, in London. GBP crosses can be moved by this event. At 13:00 GMT, ECB President Mario Draghi will testify.

Google Co-Founder Sergey Brin Mines Ethereum (ETH), Calls Cryptos A “Technological Renaissance”
Google Co-Founder Sergey Brin Mines Ethereum (ETH), Calls Cryptos A “Technological Renaissance”

It has been recently revealed that the Co-Founder of Google and current President of Alphabet Inc., mines ethereum along with his 10-year-old son. This piece of information, along with others that will be found in this article, are quoted from.

ZEC/USD Long-term Trend – Bearish
ZEC/USD Long-term Trend – Bearish

Distribution territories: $270.00, $300.00, $330.00. Accumulation territories: $140.00, $110.00, $80.00. ZCash (ZEC) was having it cool as it appreciated in market valuation against the last previous weeks of encountering the selling pressure occasioned by the US dollar. The cryptocurrency went.

Three UK Government Ministers Resign over the latest Brexit proposals
Three UK Government Ministers Resign over the latest Brexit proposals

The UK’s Brexit Secretary David Davis has resigned along with two junior ministers, Steve Baker and Suella Braverman, over PM May’s latest softer Brexit proposals that were agreed at a cabinet meeting over the weekend. He said in a statement.

Ripple price predictions 2018: XRP/ Can Ripple end the year around $10
Ripple price predictions 2018: XRP/ Can Ripple end the year around $10

Ripple is one of the largest cryptocurrencies by market cap. With such a large market cap, many of the investors are trying to figure out whether the Ripple can rise more during this calendar year. Ripple has fallen all the.

Markets wait for Nonfarm Payrolls data
Markets wait for Nonfarm Payrolls data

At 12:30 GMT, US Non-Farm Payrolls (Jun) is expected at 195K from a prior 223K. This measures the change in the number of employed people in June. The Unemployment Rate (May) is expected at 3.8% with a prior of 3.8%..

FOMC Minutes confirm they expect to reach neutral policy by 2019
FOMC Minutes confirm they expect to reach neutral policy by 2019

The FOMC minutes highlighted some increased risks to the US economy particularly concerning trade relationships but the view still holds that the Fed should and will stick to its path of rate hikes with another two hikes being the consensus.

Crypto Mining Hardware Industry Falters as Profits Dwindle
Crypto Mining Hardware Industry Falters as Profits Dwindle

Cryptocurrency mining profits are on the way down, resulting in declining demand for hardware, such as high-end graphics cards. Sources suggest that GPUs could drop by as much as 20% within the upcoming month. DigiTimes, a premier Asia-based technology news.

Markets catching up on US data after yesterday’s holiday
Markets catching up on US data after yesterday’s holiday

At 10:00 GMT, BOE’s Governor Carney will deliver a speech in Newcastle. GBP crosses can be moved by this event. At 11:15 GMT, German Buba President Weidmann will deliver a speech titled “Towards a more stable monetary union – what.

Some ECB members want earlier rate hike
Some ECB members want earlier rate hike

The markets remain subdued after yesterday’s 4th of July celebrations in the US. Despite this Oil headlines are dominating the markets once again. US President Trump has restated his call for OPEC to bring down the price of gasoline. He.

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