Global Economic Outlook: Gold Rally, Bitcoin Down

Global Economic Outlook: Gold Rally, Bitcoin Down

Market turmoil has intensified in February, and many analysts are predicting that the Fed may make a U-turn on their rates hike decision. In the flight to safety, Gold has extended its rally while Bitcoin looks to be going to ground. This week’s edition of Global Economic Outlook looks at the gold, bitcoin and US dollar charts.

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Economic Indicators

World Indexes



Forex Rates





In This Week’s Calendar

Mon 8 February
Japan M2 Money Stock y/y (expected: 3.1% previous: 3.0%)

Tue 9 February

Japan 30-y Bond Auction

Wed 10 February
US Crude Oil Inventories (previous: 7.8M)
US Fed Chair Yellen Testifies

Thu 11 February
US Unemployment Claims (expected: 287K previous: 285K)

Fri 12 February
US Core Retail Sales m/m (expected: 0.0% previous: -0.1%)

Making The News

Gold has been in a long-term bear market since 2011 when it struck

Read more ... source: TheBitcoinNews

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