BTC/USD Weekly Forecast (24th August 2020 – 28th August 2020)

Fundamental view: The latest update that ‘Crypto-exchanges have to comply with SEC rules’ makes crypto weaker against the recovering dollar in the past week. The optimism among the investors for the dollar makes Bitcoin to fall and we expect it to continue in the upcoming week. The major economic events deciding the movement of the [...]

Japan’s consumer price index braces Yen

Japan's core consumer prices were unchanged in July from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.1 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.4 [...]

FOMC meeting minutes strengthens Greenback

European stocks slipped on Wednesday, failing to draw strength from a record run for Wall Street’s S&P 500, as investors feared a resurgence in corona-virus cases could affect the economic recovery in the continent. Eurozone governments will consider shutting down parts of the economy again to control what is increasingly looking like a second wave [...]