Forex Top Story


europeanecopreview-042518.jpg Consumer confidence from France is due on Wednesday, headlining a light day for the European economic news. At 2.45 am ET, the French statistical office Insee publishes consumer sentiment survey results. The indicator is forecast to remain unchanged at 100 in April.

eur-usd3-042418.jpg After several days of gains, the dollar is pulling back against all of its major rivals Tuesday afternoon. The weakness appears to be due to the continued rise in U.S. treasuries yields, which crossed the 3 percent level earlier today. It was the first time yields have hit that level since 2014. New...

consumer-confidence-042418.jpg After reporting a pullback in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing an unexpected rebound in consumer confidence in the month of April. The Conference Board said its consumer confidence index rose to 128.7 in April.

new-home-sales-042418.jpg New home sales in the U.S. jumped by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales soared by 4.0 percent to an annual rate of 694,000 in March.

cryptocurrency-dailyroundup-042418.jpg Bitcoin continued it rally Tuesday to hit a 44-day high and altcoins also sustained their upward trend. Bullish remarks from a prominent Bitcoin investor boosted sentiment and an big investment bank has hired a crypto specialist. In Japan, cryptocurrency exchanges established their self-regulatory body.

airdrop3-cryptocurrency-042418.jpg A common word in the crypto sphere these days, AIRDROP is a way to distribute a new coin or token. In an AIRDROP, coins or tokens are distributed to the community for free or as a reward for participation in the project. Most of the times, the only requirement for receiving coins or tokens in an AIRDROP is to have a relevant blockchain wallet.

germanbusinessconf-042418.jpg German business confidence deteriorated more-than-expected to a 13-month low in April on trade tensions, survey data from the Munich-based Ifo Institute showed Tuesday. The business sentiment index fell to 102.1 from 103.3 a month ago. This was the lowest reading since March 2017, when the reading was 101.3. The score was forecast to drop moderately to 102.8.

timdraper-bitcoins-042418.jpg Venture capitalist Tim Draper predicted that Bitcoin could be bigger than the internet. Draper also said that the top cryptocurrency would be bigger than his early investments in Tesla, Hotmail and Skype, combined, CNBC reported citing comments the investor made during a debate.

europeaneconomicspreview-042418.jpg Business confidence survey data from Germany and public sector finance from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, foreign trade data from Switzerland is due. Swiss watch exports figures are also due. At 2.45 am ET, the French statistical office Insee publishes manufacturing sentiment data.

eur-usd3-042318.jpg The dollar is rising against all of its major rivals Monday afternoon, extending its gains from the last few sessions. Investors were encouraged by the release of the better than expected existing home sales data this morning and are looking forward to a number of important economic reports later this...

existinghomesales-042318.jpg A report released by the National Association of Realtors on Monday showed existing home sales in the U.S. increased by much more than expected in the month of March. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.60 million in March.

cryptocurrency-dailyroundup-042318.jpg Bitcoin topped $9,000 on Sunday and cryptocurrency market capitalization crossed $400 billion early Monday for the first time since March 8, amid the broad based improved sentiment being witnessed over the past few days. In other news, whistle-blower website WikiLeaks called for a blockade of crypto exchange operator Coinbase after the latter ended services to the former's merchandise account.

elaad-iota-charger-042318.jpg The Netherlands is now home to the world's first IOTA-enabled electric vehicle charging station that is being tested. The IOTA charger is part of the ElaadNL test site, an initiative of the Dutch grid operators who are exploring ways to make the existing network efficient and affordable to support the development of electric mobility, or e-mobility and smart charging.

eurozonepmi-042318.jpg Eurozone private sector logged a moderate expansion in April, amid signs of weaker growth of demand and supply constraints. The composite output index remained unchanged at 55.2 in April, flash survey results from IHS Markit showed Monday. The score was forecast to drop to 55.0. A score above 50 indicates expansion in the private sector.

fud-cryptocurrency-042318.jpg FUD simply means "fear, uncertainty and doubt". Misinformation will be spread deliberately with the intention of feeding it into the overall market sentiment. Such misinformation would be usually spread through comments in crypto discussion forums on reddit and other social media. Some comments made by personalities on TV can also be treated as FUD.

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