How legal is Bitcoin and Cryptocurrencies?

The legality on Bitcoin and other crypto currencies depends on where you are and what you wish to do with it. Governments the world over are trying to get to grips with its risks and rewards, playing the game between consumer protection, anti-criminal activity and encouraging innovation. The risks for Governments can vary, most emerging markets are either heavily anti or pro the use of digital currencies such as Bitcoin but in general western economies are using soft touch principle based regulation to encourage innovation. Regulation is a patchwork of different opinions the world over but see below to get the latest on which governments are thinking what.

Holland – In June 2013 the Dutch Finance Minister released a report that gave Bitcoin the status of an item of barter meaning it needed no specific licensing or compliance requirements. He described Bitcoin as “Bitcoin is not a financial product as defined by law, purchase or sale of bitcoins is not a financial service either, so the financial services act does not apply”. The Dutch Ministry of Economic Affairs has taken a dimmer view through its think tanks and sponsored articles – attempting to encourage its regulation.
Norway – The general of taxation declared at the end of 2013 that “Bticoins don’t fall under the usual definition of money or currency” and therefore making them subject to the usual capital gains tax laws.
Germany – The German Government released a report in August 2013 saying that Bitcoins should be treated as a trading activity and therefore be subject to capital gains taxes unless they were held for a year or more. The German Federal Ministry of Finance further clarified their position by saying that Bitcoin should be treated as a unit of account and private money and should therefore be subject to sales taxes and VAT.
Bulgaria – Bulgaria declared in April 2014 that Bitcoin was a hybrid currency asset that should be subject to a 10% tax when it is used as a currency or sold to and from a fiat currency.
Slovenia – Slovenia took a middle road in Dec 2013 in declaring that Bitcoin was neither a financial asset or a currency and should be taxed based on the circumstance it was used whether it was via trading profits or through mining.
UK – The UK is probably one of the most considered and thoughtful regimes in terms of fostering future industry for Bitcoin and crypto currencies. Their initial knee-jerk reaction to slap a VAT tax on Bitcoin ining was scrapped in March 2014. The HM Treasury has also made a call for information on the digital and crypto currency landscape to determine where and when regulation should be introduced and by whom it should be monitored. This declaration by the UK not to add VAT on Bitcoin services and treat it as a currency rather than an asset has meant a few other Governments are making a volte-face as the UK’s jurisdiction is now the global minimum in terms of cost. In all aspects the United Kingdom’s approach has been one of impeccable caution to play the balance between consumer protection and creating a solid base of support for a nascent industry to thrive in the hope of future tax revenues.
Ireland – The Irish Central Bank has not made any moves towards regulating Bitcoin but has declared that it foresees a dual economy of digital currency and state based fiat currencies – whit various businesses and products being bought or sold in either depending on preferences of the user or producer.
Belgium – has refused to issue any stance regarding Bitcoin and along with a whole host of other countries is waiting for European wide guidance. They have issued a public warning that there is no Government oversight.
Portugal – Again have issued a warning to the public that Bitcoin and digital currencies do not have any Government oversight.
Greece  – Another country waiting for a European wide approach to regulation having issued a warning to the public that there is no government protection or oversight of the industry.
Hungary – Again has issued a public warning that there is no Government oversight of Bitcoin and Digital currencies.
Croatia – A further country that is taking a wait and see approach, having issued a public warning that there is no government oversight.
Luxembourg – has taken a hard line with respect to digital currencies and Bitcoin through declaring that as digital currencies operate like money but are regulated in their issuance by the developers, that they should comply with all standard regulation.
Italy – There has been concerted pressure from various organisations to encourage regulation and oversight to curtail the use of digital currencies in facilitating criminal activity.
Ukraine – In July, despite vague Government regulations and the turmoil in Crimea and the East of the country, a major bank announced the ability to purchase Bitcoins in any of its ATM terminals throughout the country.
Poland – The Polish Government refused to recognise Bitcoin as a currency in July 2014 but did declare that options or futures contracts based on a specific underlying index of the Bitcoin price should be declared as financial instruments and subject to those regulations.
Latvia – The Government issued a warning about Bitcoins and other digital currencies a day after the national carrier announced that it would accept Bitcoin as an alternative payment method for flights.
Estonia – The central bank of Estonia warned that central virtual currencies could be a ponzi scheme but two months later the tax authority declared that Bitcoins and digital currencies could be declared as an alternative payment means subjecting them to capital gains liabilities and VAT.
Finland – Te Finnish regulatory body has declared that Bitcoin should be treated as an asset and be subject to VAT and Capital Gains although the capital gains losses would not be deductible.
Lithuania – The Lithuanian government has declared a wait and see policy as the regulatory landscape evolves across Europe.
France – The French Government has placed onerous regulation and a form of Green listing on the industry. This came after the French police raided and exchange and seized over 200 thousand Euro’s worth of Bitcoin. There idea is that any exchange or wallet should hold data linking the specific person to the addresses and therefore removing the anonymity that Bitcoin can provide. The French Government has otherwise declared its intention to recognise Bitcoin as a currency but also impose transactions on various transaction types.
Switzerland – The Swiss moves towards regulation are positive but their actions have been little if not hostile. The Government declared that Bitcoin should be treated as a foreign currency as it could help to catalyse innovation in the financial sector. This general message having been conveyed oin late 2013 the Government then forced a Bitcoin broker and ATM provider to suspend activities across the country in mid 2014. The Company was later able to apply for a money transmitter license, but the nature of Swiss virtual currency regulations stands on a knife edge.
Turkey – The Turkish authorities have issued guidance saying that Bitcoin does not meet the standards of electronic money and that the volatility leaves users with a high level of risk. The usual taxation regime is expected to apply.
Singapore – The Singapore government, in early 2014, declared Bitcoin as a good purchased to purchase goods and therefore subject to a specific tax. The Monetary Authority of Singapore then required exchanges and ATM providers to Green-list, or de-anonymise their users to allow whilst simultaneously declaring that virtual currencies such as Bitcoin are not securities and not subject to regulation.
Thailand – Thailand has probably made one of the harshest reactions to Bitcoin by declaring the use of Bitcoin as illegal in 2013. In 2014 they modified their position by declaring Bitcoin as not illegal but a risky form of electronic data that has no self worth.
Indonesia – Indonesia is another mixed bag with respect to Bitcoin regulation – a rather confused deputy Governor of the central bank said the currency broke rules but that they had no plans to regulate it.
Vietnam – The Vietnamese have issued a warning that Bitcoin could have consequences due to its volatility and prominent collapses of various industry players.
Philippines – The Central Bank of the Philippines has issued a warning regarding virtual currencies but also stated that they are not subject to any regulation.
South Korea – The South Korean Government has not recognised virtual currencies as legal tender, but have been looking into green-listing various types of involved businesses to ensure compliance with anti money laundering laws.
Hong Kong – Having taken the mantle from China in volume of trading Yuan to Bitcoin – the Hong Kong authorities have said they are in a state of monitoring and fear that digital currencies could form speculative bubbles and manies – whilst also providing a means for money laundering and other illicit activities.
India – India is also in a state of wait and see, again trying to measure the benefits against the risks.
Japan – Japan is another of the more friendly regimes towards Bitcoin despite being the Nation hot to one of the worst Bitcoin exchange disasters with Mt Gox. In March 2014 they declared that Bitcoin should be treated as a commodity and subject to no specific laws. The Japanese Financial Services Agency declared in June 2014 that Bitcoin should be self regulated at present and that Japan should become the world’s safest place to run a Bitcoin business, and that the industry should not be bogged down by excessive compliance and red tape. They also pushed for a reversal on the commodity taxation treatment of Bitcoin and just impose a set of taxes on certain forms of transactions. The JADA, or Japanese Authority of Digital Assets was formed to provide a principle based or code of conduct format for Bitcoin only platforms.
Australia – The Australian Government is positive towards Bitcoin. This is despite numerous Australian banks pulling their support and commercial banking facilities for Bitcoin related businesses. The use, trading and mining of Bitcoins is considered legal and the Australian Taxation office has announced its intention to incorporate guidelines on capital gains tax and VAT taxes.
New Zealand – The Kiwi stance to Bitcoin can be gleamed from the Governor of the Central Banks belief that digital currencies have the potential to supplant cash.
Colombia – The Colombian government has taken a hands off approach to Bitcoin and said the risks are for the individual partaking in the industry.
Bolivia – The Bolivian Government has banned the use of Bitcoin in the belief that it will allow tax evasion and monetary instability.
Argentina – The Argentinian anti money laundering agency has declared that all business using digital currency must declare all transactions related to the industry.
Ecuador – The Ecuadorian Government has banned all Bitcoin use in the hope of promulgating their own digital currency based on the principles of Bitcoin.
Mexico – The Mexican Government has taken a similar stance to Ecuador, however they have not outright banned the use of alternative digital currencies but instead are in talks with Government regulators to try and introduce their own form of Bitcoin and their own block chain specific to Mexico.
Brazil – The Brazilian Government has declared that Bitcoin is not a currency but an asset and therefore subject to 15% capital gains taxes above a threshold.
China – In late 2103 the China Central Bank barred financial institutions from partaking in digital currency and Bitcoin transactions. They do however allow individuals to trade as they wish – Chinese Yuan to Bitcoin is the most traded daily fiat to Bitcoin pair.
Canada – In November 2013 the Canadian Revenue Agency declared that Bitcoin payments should be treated as barter transactions. The Canadian Federal Government also announced its intention to regulate Bitcoin through its anti money laundering and counter-terrorist financing legislation.
Denmark – The Danish Government and Financial Services Authority have announced that Bitcoin businesses will be taxed in a normal manner and individuals will not be subject to taxation from trading. The FSA has suggested amending the present legislation so that virtual currencies and regulation come under their remit.
Iceland – After the fallout of the financial crisis and collapse of Icelandic banking strict financial foreign exchange controls were imposed on the Icelandic Krona. As such Bitcoin trading in Iceland is illegal although there are some grey areas with respect to this conclusion.
Israel – The Israeli Government is considering a tax on Bitcoin – with its history of financial and technological innovation all bets are on a soft landing for the digital landscape in Israel.
Kyrgyzstan – The Kyrgyzstan Government has completely banned the use of Bitcoin within its national borders.
Lebanon – The Lebanese Government has issued a warning the public regarding volatility and other risks involved with digital currencies – they also pointed out that e-money was illegal under an act issued in the year 2000 suggesting their stance is potentially hostile.
Malaysia – The Malaysian authorities have issued a statement declaring a hand’s off attitude towards digital currencies and Bitcoin. They have warned their citizens of the risks involved.
Russia – The Russian approach to Bitcoin is negative. They do not allow individuals or legal entities to use Bitcoin or any digital currency. The Deputy Finance Minister announced in September 2014 that a law would be introduced in early 2015 banning their exchange to real money. This is a consequence of the present economic malaise in Russia and the weak Rouble due to Western economic sanctions.
Taiwan – The Taiwanese Financial Supervisory Commission have stated that they have banned Bitcoin ATM installations as Bitcoin is not a currency and therefore should not be accepted by banking institutions or individuals.

Other articles:

Analysis: New ESMA Regulations Likely to Reshape the Industry as We Know It

The new regulatory environment which European watchdogs have unfolded will change this business for the better

Unfortunately, as it many times happens, the mistakes of the few have impacted the many (or perhaps the other way around in this case, not so sure on this one). Unregulated brokers that have plagued the Forex and CFD trading industry, along with binary options brokers have prompted a drastic response on behalf of the supranational EU-wide industry watchdog.

The changes in short

Again… I am assuming you are not from Mars, but just in case Elon did manage to insert you inside the spaceman suit on that roadster, here are the changes to regulations in brief. Maximum leverage for trading FX has been cut to 1:30, indices and gold are at 1:20, other commodities are at 1:10 and shares are at 1:5.

Brokers are required to provide a negative balance protection and display clearly on their marketing message what is the percentage of their clients that lose money. Yes, exactly, that must read like something similar to: “come along and deposit some money with our brokerage, we hope you are not one of the 90 percent of poor folks that lose money.” (You might as well add a smiley face at the end, just for color.)

Impact for market makers

We are going to have a look at the impact on the industry from two different perspectives. The first one is that of brokers that are acting as principals and are internalizing their flow. The so-called ‘market makers’ are likely to get more materially affected by the changes mandated by the ESMA.

The reason for that is that such brokers are typically more reliant on direct marketing, trading incentives, and most crucially, their clients losing money. Higher leverage always means a shorter life-span for a retail trader’s account. Low levels of leverage are the preferred way to trade for institutional investors, where big drawdowns in the account balance are quite unwelcome.

Brokers have been offering high leverage to clients in order to lure them into the narrative that it is easy to make a lot of money with a relatively small deposit. The reality in the financial markets however, is that, as described by the ESMA, between 80 and 95 percent of retail clients are losing their deposits.

So when a market-making broker attracts a client with say 1:400 leverage, the likelihood that the holder of this account will be bust within three months is very high. A switch between fear and greed emotions in the brain chemistry is one of the most perilous enemies of a trader.

Trading the market is catering to these emotions and short bursts of dopamine when a trader is winning are driving their desire to trade more. Curiously, some social media users are experiencing precisely the same pattern that lures them into continuing to stick to that phone screen on the train.

The levels of leverage which the ESMA is mandating are automatically slamming the breaks on excitement levels. Suddenly a trader has to deposit $5000 to open a position sizeable enough to change one’s life. When previously $500 were enough, this makes a huge difference. Brokers will need to change their acquisition and retention strategy altogether to stay on top of their game when attracting clients.

 

Impact for STP brokers

After we established some of the potential risks for market makers, let’s focus on STP brokers. Straight-Through Processing (STP) is a different mode of operation for the retail brokerage industry. Such firms are not relying in any way on the losses of their clients, as the money in those accounts is flowing into the market.

The revenue of the brokerage is relying on commissions. The more trades a trader makes within their lifespan, the more commissions the brokerage is getting. As a result, we can deduce that such brokerages are keen on their clients not losing money, because they will stop generating commissions to the brokerage the moment they lose their balance.

Such brokers are typically more inclined to provide their clients with added value tools that can drive a mediocre trader closer to success. The ESMA’s new regulations are going to have an impact on such companies in two major ways.

The first one is trading volumes. Granted, broker trading volumes will register a decline, and probably, at least initially it will be big. Leverage restrictions, however, have had a mixed impact on other markets. In Japan, for example, the official maximum leverage of 1:25 has not impacted the industry in the long run as local brokers are posting the highest trading volumes in the world.

Capital requirements is another issue. All brokers are now mandated to provide negative balance protection and the FCA was one of the first regulators that suddenly realized that having firms with a capital requirement of a couple of hundred grand was no longer adequate. All STP firms are very likely to need to apply for a 730.000 euro ($900.000) license and prepare to meet the capital requirements that come with that.

Loss percentage disclosure (Ouch!)

Last but not least, I want to pay some explicit attention to a subject that has not been discussed enough. That is the disclaimer that every broker has to accompany their advertisement messages with a  line reading ’90 percent of our clients lose money!,’ or something of the likes.

The ESMA’s announcement has just created a great new incentive for brokerages and that is to attract the best possible traders. This will inevitably result in a paradigm shift for good practice in the industry. Suddenly attracting traders is not enough, brokers that want to remain in this industry for the long haul will have to attract the right kind of clients and strive to make their clients better traders all the time.

Not many brokers have been working in this direction, and even fewer have been successful in doing so. Education will no longer be an extension of retention. I am referring to a number of products that are branded as education but the only thing they do is confuse a trader even more and completely disconnect them from the reality of the market: it is very hard to make money trading.

I hope that many brokers manage to succeed in the quest to teach traders how to trade. It has been a long and hard way for the few that remain in this business. In the meantime, those phony educators that are acting akin to affiliates are now becoming something closer to a bad practice for every broker who is committed to having a good ratio of profitable traders.

As the final rules are published by the ESMA and as local regulators start chipping in with circulars, we will know more details. But for now, it is well worth thinking about how you are going to approach this brand new market starting from a couple of months from now.

Coinbase Acquires Earn.com In $100 Million Deal

Perhaps the best-known company in all of cryptocurrency has announced their first major acquisition. Coinbase has bought Earn.com, a startup that allows users to be compensated in digital currency for completing small tasks and responding to emails.

Coinbase Deal as Much About New Staff as it is the Acquisition of Earn.com

Recode reports that Coinbase has bought Earn.com for just over $100 million. Along with the acquisition, there are some additional perks for digital currency exchange too. The buyout will enable Coinbase to bring Balaji Srinivasan on board as their first Chief Technology Officer.

According to a blog post by Coinbase CEO Brian Armstrong, Srinivasan is “one of the most respected technologists in the crypto field”.

A brief look at his resume gives clear indication as to why Coinbase would want him to fill the role of CTO. Srinivasan holds qualifications up to PhD level in Electrical Engineering, as well as an MS in Chemical Engineering. These were awarded by Stanford University where he also teaches a variety of subjects. These include data mining, statistics, genomics, and blockchain courses.

Armstrong outlined the purpose of Srinivasan’s appointment in the post:

“Balaji will serve an important role as the technological evangelist for the company. Balaji will evangelise for both crypto and for Coinbase, educating the world and recruiting crypto-first talent to the company.”

The blog post seemed much more focused on the appointment of the new CTO than it did about the acquisition itself. That said, Armstrong did state that Coinbase would be expanding the Earn.com model within the crypto exchange. He went on to acknowledge the platform as a prime example of an early use of blockchain technology that had been able to “achieve meaningful traction.”

Conversely, a post on Earn.com’s news section expressed excitement for what the acquisition would mean for the platform itself. Under Coinbase, the company expects to be able to get “bigger and better”. This will better position them to complete their lofty end goal:

“If we’re successful in our long-term goals, we will be able to turn the billions of smartphones worldwide into a new source of work.”

Earn.com, formerly 21.co,  started out in 2013 as a Bitcoin mining hardware manufacturer. They’ve since rebranded in late 2017. The company now offers a service in which users are paid for responding to emails and completing small tasks such as surveys.

By using cryptocurrency to compensate their users, Earn.com can appeal to a truly global user base. They can pay people a small sum of money for their time, even if the user doesn’t have access to traditional banking infrastructure.

Week of 3/25/2018 Market Moving News

FOMC speeches will set the tone for the week. We are expecting USD to crash 1% or more tomorrow (Monday) 

 

This could be the breaking point for the S&P and even possibly the Dow

 

 

 

with FOMC speeches all week & GDP being published we may see some moment in the dollar 

 

 

As for Forex we see some great opportunities

EURJPY long (intraday type setup)
https://www.tradingview.com/chart/EURJPY/MUscO5YT-EURJPY-Long/

USDCAD short (intraweek setup)
https://www.tradingview.com/chart/USDCAD/SKv8FzvB-USDCAD-SHORT-overall/

USDJPY potential long (intraday setup)
https://www.tradingview.com/chart/USDJPY/gdO6NJC0-USDJPY-highly-active-potential-long/

AUDUSD double play. Shorting then longing (look at chart)
https://www.tradingview.com/chart/AUDUSD/T5AKBlCQ-AUDUSD-Major-Trend-Long-W-chart-Shorting-D-chart/

EURUSD keeping an eye out but not trading
https://www.tradingview.com/chart/EURUSD/9W0l7yu2-Not-trading-EURUSD-for-now/

 

Dollar Remains Slightly Lower after U.S. Jobs Report



Investing.com - The dollar remained slightly lower against the other major currencies on Monday after Friday’s U.S. jobs report tempered expectations for a faster rate of rate hikes by the Federal Reserve this year.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 89.94 by 10:13 AM ET (14:13 GMT), down 0.13% for the day.

The U.S. economy added 313,000 jobs in February, the Labor Department reported Friday, but average hourly earnings rose by just 0.1%.

The strong jobs growth boosted risk appetite, while the slowdown in wage growth dampened expectations for four rate hikes by the Fed this year, a negative for the dollar, which tends to become more attractive to yield-seeking investors when borrowing costs rise.

The euro was little changed, with EUR/USD last at 1.2310 after rising as high as 1.2341 earlier.

Sterling pushed higher against the softer greenback, with USD/GBP climbing 0.27% to 1.3889.

The pound’s gains were held in check amid fears that an upcoming Brexit summit meeting later this month would fail to secure a transition arrangement.

Sterling was higher against the euro, with EUR/GBP down 0.2% to 0.8863.

Against the yen, the dollar was lower, with USD/JPY down 0.24% to 106.54.

Demand for the Japanese currency was boosted amid concerns over a cronyism scandal linked to the country’s prime minister and his wife involving the sale of public land. The safe haven yen tends to rise in times of market uncertainty.

Market Snapshot – Dollar Weakening Continues

The euro rose higher during the course of trading today as the dollar weakness assumed larger proportions during this period and we saw the dollar weaken all across the board. We are likely to see this weakening continue for the rest of the trading session as worries about the tariffs imposed by the US continued to dominate the headlines and weaken the dollar. Not only would these tariffs increase the domestic costs of cars and other items that use these metals, it would also lead to a large possibility of a trade war breaking out between the global economic powers and this is not good for any country for that matter. This has led the stock markets lower and this is likely to keep the dollar weak as well. Just when it looked as though the dollar would be able to make a major bullish run, we are seeing the euro about to close the week above the 1.2240 support region and this should help the bulls regain control.

In the crypto markets, the BTC prices have once again lost touch with the $11000 region and with the weekend closeby we can see the action begin to wind down in a slow and steady manner. The market is open during the weekends but we doubt whether the bulls would have the power to push the prices higher by too much over the weekend and this is likely to lead to consolidation and ranging for much of the weekend. The traders were hopeful that the bulls would be able to establish control atleast over the next few days but that has not happened so far and we believe that the price action is likely to be even more choppy in the coming days as the prices swing on either side of the larger range between the $10000 and the $12000 regions so far.

Market Snapshot – Traders Tread Cautiously on Hawkish Fed

Stocks Move Lower

The stock markets have been trading in a cautious manner over the last few days as the Fed has been more hawkish than what many would have expected it to be. The focus over the last 24 hours has been on the FOMC meeting minutes that were released yesterday. After some initial confusion over how it needed to be interpreted, the traders realised that the Fed meant business and that it could be possibly even 4 rate hikes during the course of the year depending on how the incoming data from the US pans out. This kind of hawkish language was not something that was expected at this stage from the Fed and this has led the dollar higher and put the pressure on the stock markets. The increase in interest rates could make taking loans a costly affair in the US and hence this is likely to affect the stock markets in the medium term. This is one of the reasons why the stocks are under pressure and the traders are trading carefully with the next bearish leg just around the corner.

Cryptos Hit by Losses

In the crypto world, we are seeing some all round losses with the BTC moving below the $10,000 region after scything through the strong support at the $10,400 region which had been holding up the prices till yesterday. The ETH prices have also dropped below the $800 region as of this writing and it can be said that these losses can be seen all around the markets. There have been no specific reasons that can be attributed to the drop but as the markets begin to mature, we have to try and see how the different markets and instruments operate in co-relation with each other in the short and medium term. The last couple of days has seen some solid strength in the dollar and the prospect of quick rate hikes in the US and this could be affecting the demand of the cryptocurrencies. The traders need to wait and see if there is a pattern emerging out of this.

 

Global Equities Struggle after Fed Report, Wall Street Reverses Lower

Global equities have sold off this morning. The Nikkei Index declined by more than a percent, and the Hang Seng fell nearly 1 and a half percent. European equities have also produced selling. French Consumer Price Index statistics were lackluster with a result of minus 0.1%. And a German Business Climate reading missed its estimate. Wall Street was positive most of Wednesday, but upon investors digesting the Federal Reserve’s Meeting Minutes the three major indexes experienced strong momentum downwards. Wall Street is expected to open with further headwinds per indicators coming from the Futures Markets.

U.S Dollar Reacts in Strong Fashion, Disappointing U.K Business Sentiment

Forex has provided pure fireworks the past day. The U.S Dollar became stronger late last night as investors began to react to the renewed prospects of a few interest rate hikes in the States. The Pound and Euro have been trading relatively calmly the past couple of hours, but remain below yesterday’s higher values. Second Estimate GDP results came from the U.K this morning and were slightly below expectations. And a Business Investment survey, also from Britain proved disappointing. The Yen has been slightly stronger as risk adverse trading dominated Asian equity markets today.

Near-Term Appears Vulnerable to Gold, Steady Decline and Headwinds

A strong reversal took place for Gold late on Wednesday. After initially gaining upon the Federal Reserve’s report, the precious metal began a steady decline and headwinds have continued. Gold is near 1321.00 U.S Dollars an ounce and looks vulnerable for the near term.

Canadian Retail Sales Statistics, Weekly Unemployment Numbers from the U.S

Crude Oil Inventories data will come from the U.S at 16:00 GMT and could provide insights for commodity traders.

  • 13:30 PM GMT Canada, Core Retail Sales
  • 13:30 PM GMT U.S, Unemployment Claims
  • 16:00 PM GMT U.S, Crude Oil Inventories