Forex Top Story


cryptos-june19.jpg Bitcoin and its peers managed to sustain the upward momentum they gained over the past few hours and are firmly in the green Tuesday morning. The cryptomarket capitalization recovered strongly on Monday and is at $293.41 billion around 9.15 am ET. Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.

construction-030411_19jun18.jpg While the Commerce Department released a report on Tuesday showing a much bigger than expected jump in new residential construction in the U.S. in the month of May, the report also showed a much steeper than expected drop in building permits.

cryptofinance-june19.jpg Crypto Fund AG, a firm focused on crypto investments, received a license to distribute funds in Switzerland from FINMA, the country's financial market watchdog. The Zug, Switzerland-based firm announced on Monday that it won a FINMA license as a distributor of collective investment schemes and gained the opportunity to distribute funds to qualified investors.

china-june19.jpg China's central bank added more funds into the financial system on Tuesday after the US President Donald Trump threatened to impose a 10 percent tariff on an additional $200 billion of Chinese imports. The People's Bank of China added CNY 200 billion via medium-term lending facility on concerns over liquidity as well as negative impact from trade conflicts.

worldhealthreport-june19.jpg High net worth individuals, or HNWIs, are increasingly interested in cryptocurrencies as an investment and a store of value, but they remain cautious and are seeking wisdom from wealth management firms, results of a report, released Tuesday, showed. The findings are part of the 22nd annual edition of the Wold Wealth Report, compiled by the professional services firm Capgemini.

trade.jpg Residential property prices in Australia fell 0.7 percent on quarter in the first three months of 2018, the Australian Bureau of Statistics said on Tuesday. That beat forecasts for a decline of 1.0 percent following the 1.0 percent increase in the previous three months. On a yearly basis, house...

reservebankofaustralia-june5.jpg Members of the Reserve Bank of Australia's Monetary Policy Board said that global economic conditions have continued to improve, minutes from the bank's June 5 meeting revealed on Tuesday. The members added that inflation is currently at an acceptably low level and is expected to remain that way. In...

The dollar is turning in a mixed performance Monday afternoon, but remains little changed overall. Investors remain focused on trade concerns at the start of the new trading week. U.S. President Donald Trump announced plans to impose tariffs on $50 billion worth of Chinese goods last Friday, leading...

construction-030411_18jun18.jpg Partly reflecting sharply elevated lumber prices, the National Association of Home Builders released a report on Monday unexpectedly showing a deterioration in U.S. homebuilder confidence in the month of June. The report said the NAHB/Wells Fargo Housing Market Index dipped to 68 in June from 70 in May.

cryptos-june18.jpg Cryptocurrencies made a sluggish start to the week, opening in the red. Overall crypto market capitalization shrunk by around $5 billion over the weekend. Sentiment was likely hurt by criticism on cryptocurrencies from the bank of central banks. As of 9.34 am ET on Monday, the cryptocurrency market capitalization was $274.78 billion on CoinMarketCap.

fund-june18.jpg The "gut-wrenching" declines witnessed in Bitcoin's price in the week beginning June 10 was likely due to the expiration of futures linked to the top cryptocurrency, Fundstrat Global Co-founder Thomas Lee reportedly said in a client note. Lee, a prominent bull on Bitcoin, said the top cryptocurrency displayed "dramatic price changes" around CBOE futures expirations.

russia-june18.jpg Russia's biggest two banks, Sberbank and Alfa Bank, are planning to test several private banking products based on cryptocurrencies in a regulatory sandbox environment hosted by the Russian central bank, the Kommersant newspaper reported.

japanexports-112510.jpg Japan posed a merchandise trade shortfall of 578.321 billion yen in May, the Ministry of Finance said on Monday. That missed expectations for a shortfall of 205.2 billion yen following the downwardly revised 624.6 billion yen surplus in April (originally 626.0 billion yen). Exports climbed 8.1...

eur-usd2-061518.jpg The dollar posted early gains against its major rivals Friday, but has pared its gains over the course of the session. Concerns over a potential global trade war have resurfaced after President Trump announced plans to impose a 25 percent tariff on $50 billion worth of Chinese goods that contain "industrially...

rttnewspaper-june-15.jpg Bitcoin and its peers began the week in the red hurt by the news that a relatively small cryptocurrency exchange in South Korea was hacked. However, the top cryptocurrency and altcoins rallied Thursday after William Hinman, SEC director for corporate finance, said that Bitcoin and Ether are not securities. Bitcoin climbed back above $6,500.

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