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Friday, 20 September 19:43 (GMT -05:00)

Foreign exchange market

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population. 
Last month, the amount of economically active Americans decreased by 490K people. The reason for that is believed to be an increase on the amount of retired people and students who don't need jobs. At the same time, the world's biggest economy increased the amount of new jobs by 263K, which had positive impact on the unemployment rate. At the same time, the average annual earnings increased by 3,2%.
According to analysts, all of the changes seen over the reporting period indicate a stable and healthy state of the American economy. On the other hand, the pace of economic growth in the United States doesn't allow us to expect an interest rate changes by the Federal Reserve.
The actual figures are pretty decent, Ian Shepherdson from Pantheon Macroeconomics assumes. But at the same time, the expert hopes that the current pace of earnings growth will remain at the same level. Most likely, the U.S. unemployment rate will keep going down in the near future, with a further increase in average earnings. Also, he says that that the current employment stats have no direct impact on the Fed's monetary policy. However, if the tendency persists, the Fed may dare make changes to its current monetary policy.
Some other experts also assume that the recent stats have been very positive for the American economy. They assume that the stats may even influence the views of those expecting an economic recession in the United States to make them hesitate about their forecasts. 
On the one hand, the actual unemployment rate takes the USA to the top of the world unemployment rankings. Still, we need to take into account several key factors. The thing is, the current unemployment rate reflects both the amount of working Americans and the amount of those Americans who aren't currently looking for a job. The latter aren't considered as the unemployed. At the same time, the figures reflecting the amount of Americans looking for a job only make it possible to put the United States in the middle of the global rankings. 
It's interesting to note that previously the Federal Reserve expressed their concerns regarding the amount of the actively productive population who don't fall under the term "labor force". This is explained by a number of reasons, with one of the key reasons being their health state because of drug abuse and some other reasons. 

Poor Economies See Increasing Unemployment Rate


In mid-February, the International Labor Organization released another report on the situation on the global labor market situation in 2018. It turned out that the 172 million people, or around 5% of the global labor force, were trying hard to get themselves a job but eventually failed. This information gives us an opportunity to make a number of interesting conclusions.The good news is that for the first time the unemployment rate dropped all the way down to the pre-crisis level. However, it took the market 9 years to recover. As you probably know, the unemployment rate increased up to 5,6% during the crisis years. The report says that the employment growth was mostly driven by rich economies. At the same time, poor economies saw higher unemployment. The tendency is expected to persist over the next few years.


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Bitcoin Exceeds $10K Again

It turns out that Bitcoin is still able to surprise. Despite the growing pessimism in social networks, recently has been a good time to load up on Bitcoin and other cryptocurrencies. The world's first and biggest coin has broken the psychological barier of 10000 dollar per coin. Does this mean going back to the bull market? At this point, the BTC rate is around 10300-10400 dollars per coin.

Publication date: 05 September 12:15 AM

NordFX: Forex And Cryptocurrency Market Review. August 2019

Right before the start of the last last trading  of this summer, NordFX experts came up with another set of market predictions for the forex and cryptocurrency markets. Their predictions are based on the consensus forecast compiled from various market forecasts made by various market experts as well as the result of technical analysis. So, this is what those predictions look like:
Publication date: 25 August 12:12 PM

Will Brexit Affect Bitcoin?

Some representatives of the international expert community assume that the Brexit is going to push Bitcoin higher, all the way up to new record highs in 2019. Nicolas Gregory, CEO of a blockchain company named CommerceBlock, is one of those experts. Not so long ago, he shared his standpoint with The Independent. He thinks that the Brexit may radically change the position of Bitcoin in the global economy and finances.
Publication date: 25 August 10:48 AM

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Bitcoin ETF Decision is Delayed by SEC

The SEC, the USA's chief financial regulator, decided to delay the Bitcoin ETF decision once again. If the ETF had received the green light, we would now see it trading on CBOE and NYSE Arca. However, the Securities and Exchange Commission decided to put on hold the decision on three ETFs: VanEck / SolidX (CBOE), Wilshire Phoenix, and Bitwise Asset Management (both related to NYSE Arca).
Publication date: 15 August 01:00 AM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM