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Economy And The Numbers

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crypto-may22.jpg Cryptocurrencies are trending lower for a second straight day, as sentiment was damped by some dismal predictions regarding the future for the top cryptocurrency, Bitcoin. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

crypto-companies-warning-052218.jpg A Canadian provincial regulator has warned investors that five unlicensed crypto companies are involved in schemes to encourage investors to trade or invest in cryptocurrencies. The firms that the Ontario Securities Commission (OSC) has named in an investor alert it issued last week are Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin OÜ, and Baappay Inc. OSC said these companies are not reg

markettrading-may22.jpg DCA is short for Dollar Cost Averaging. This is an investment strategy used by cryptocurrency investors who HODL, or hold a crypto, for longer term gains. Under DCA, a fixed dollar amount of Bitcoins, or the chosen cryptocurrency, is bought at regular intervals, regardless of whether the price is high or low at that time.

boe-mark-carney-052218.jpg Bank of England Governor Mark Carney said on Tuesday that interest rates are set to rise at a gentle pace and the slowdown seen in the first quarter was temporary. Speaking to lawmakers, Carney said households expect rate hikes over the course of the year. They also expect the bank to proceed at a very gentle pace.

Hungary's central bank kept its interest rates unchanged, as widely expected, on Tuesday. The Monetary Council of the Magyar Nemzeti Bank decided to keep the base rate at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The overnight central bank deposit...

UK manufacturers order books reached its lowest level since late 2016, the latest Industrial Trends Survey from the Confederation of British Industry showed Tuesday. The total order book balance fell to -3 percent in May, the lowest since November 2016. A net 8 percent reported above normal export...

Latvia's unemployment rate increased marginally in the three months ended March, figures from the Central Statistical Bureau showed Tuesday. The jobless rate edged up to 8.2 percent in the first quarter from 8.1 percent in the fourth quarter. In the corresponding period of 2017, the unemployment...

Taiwan's unemployment rate increased marginally in April, in line with expectations, the Directorate General of Budget Accounting and Statistics, or DGBAS, reported Tuesday. The seasonally adjusted jobless rate edged up to 3.69 percent in April from 3.67 percent in March. In the corresponding month...

australia-crypto-scam-052118.jpg Australians lost nearly A$2.1 million in crypto scams in 2017, as the popularity of cryptocurrencies peaked in the final quarter of the year. Cryptocurrency prices surged in the final quarter of 2017, with Bitcoin hitting a high of around US$20,000.

The UK budget deficit narrowed in April, the Office for National Statistics reported Tuesday. Public sector net borrowing, excluding public sector banks, decreased GBP 1.6 billion to GBP 7.8 billion in April. This was the lowest April net borrowing since 2008. The expected level was GBP 8.5 billion....

Sweden's unemployment rate increased unexpectedly in April, figures from Statistics Sweden showed Tuesday. The jobless rate rose to 6.8 percent in April from 6.5 percent in March. Meanwhile, economists had expected the rate to fall to 6.1 percent. In the corresponding month last year, the unemployment...

South Africa's leading index decreased in March after improving in the previous three months, data from the South African Reserve Bank showed Tuesday. The composite leading index fell to 107.4 in March from 108.3 in February. Out of the nine components, five contributed negatively to the headline...

economic-preview-052218.jpg Public sector finance data from the UK is due on Tuesday, headlining a light day for the European economic news. At 3.30 am ET, Statistics Sweden publishes unemployment data for April. The jobless rate is seen at 6.1 percent versus 6.2 percent in March.

Japan's supermarket sales dropped in April from a year ago, preliminary data from the Chain Store Association showed Tuesday. Supermarket sales, after store adjustment, decreased 1.2 percent year-over-year in April. Before adjustment, sales fell 0.3 percent. On a monthly basis, supermarket sales edged up 0.1 percent.

Australia's consumer confidence improved for the sixth straight time during the week ended May 20, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday. The consumer confidence index rose to 121.6 from 120.8 in the preceding week. "That rise comes despite elevated petrol...

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