Today the focus is on a new drop for Bitcoin, Google facing an antitrust probe in the EU, and Netflix-Spielberg partnership.
The Canada Core Retail Sales (MoM) will be released. Forecast: -5%. If the result is lower than expected the CAD could receive a negative push.
Assets to trade: USD/CAD, CAD/JPY, EUR/CAD
The weekly US Crude Oil Inventories will be released. Forecast: -3.625M. If the result is lower than expected Brent could receive a positive push.
Assets to trade: Brent
Bitcoin has fallen below $30,000 for the first time since January, as China aims to tighten its cryptocurrency regulations. Affects Bitcoin
Google is facing another antitrust probe from the EU watchdogs over its advertising policies, as the European Union doesn’t let up its pressure on the tech giant. Affects Google
Disney+ has got itself a new record-breaking series, as Loki became the most-watched premiere on the platform, getting more than double the share of viewership earned by other top shows. Affects Disney
An investment bank UBS hired two bankers from Morgan Stanley to help build its trading services for hedge funds and asset managers in the US. Affects Morgan Stanley
Netflix made a deal with Steven Spielberg for multiple new films per year for the platform. Affects Netflix
The biggest cryptocurrency had a rather trying few months, losing almost 50% of its price. And while it started to slightly recover lately, the newest cryptocurrency restrictions, proposed by China, have struck it down once again.
Bitcoin is now in a price correction, returning above the price of $30,000. Should it overtake $31,000, we expect it to continue its growth.
Gold is uncharacteristically volatile, jumping between 1,790 and 1,775, but overall it demonstrates a downward pattern.
The pair is moving upwards, testing its resistance limits, and is poised to reach a level of 111.