Forex Top Story


eurusd2-032318.jpg The dollar logged some early gains against its major rivals Friday morning, but has pared its gains and turned negative as the day has progressed. Economic data proved mixed this morning, but investors remain focused on trade war concerns. President Trump signed an executive memorandum imposing tariffs...

newhomesales-us-032318.jpg A report released by the Commerce Department on Friday showed a modest decrease in new home sales in the month of February. The report said new home sales fell by 0.6 percent to an annual rate of 618,000 in February from an upwardly revised 622,000 in January.

crypto-this-week-032318.jpg Cryptocurrency prices rebounded at the start of the week as sentiment improved after the G20 signaled that is it not planning to regulate cryptocurrencies for now as they do not pose considerable risk to financial stability. Bitcoin climbed back above $9,000 on the back of the news by the middle of the week.

durablegoods-us-032318.jpg New orders for U.S. manufactured durable goods surged up by much more than anticipated in the month of February, according to a report released by the Commerce Department on Friday. The report said durable goods orders jumped by 3.1 percent in February after slumping by 3.5 percent in January.

russia-central-bank-032318.jpg Russia's central bank decided to cut its key rate by a quarter point, amid below-target inflation, and signaled more reduction this year. The Board of Directors of the Bank of Russia trimmed the key rate to 7.25 percent from 7.50 percent. The bank had lowered the rate by 25 basis points in February. The bank said it will continue to reduce the key rate and complete the transition to a neutral

cryptocurrencies-032318.jpg Bitcoin was down as the Japanese financial watchdog's move to file criminal charges against the Hong Kong-based cryptocurrency exchange, Binance, raised concerns. Internet behemoth Google is creating its own blockchain to support its cloud business and to catch up with new startups. And brother of the late Colombian drug lord Pablo Escobar has launched a bitcoin hard fork called dietbitcoin.

The dollar is turning in a mixed performance against its major rivals Thursday afternoon but remains little changed overall. Investors continue to digest yesterday's statement from the Federal Reserve, but have also been preoccupied by today's announcement that President Trump has hit China with $50...

leadingindicatorindex-032218.jpg Despite a sharp downturn in stock markets and weakness in housing construction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators. The Conference Board said its leading economic index climbed by 0.6 percent following...

gbpusd1-032218.jpg The pound spiked up against its key counterparts in the European session on Thursday, as the Monetary Policy Committee of the Bank of England decided to leave the benchmark rate unchanged in a split vote, bolstering hopes for a possible rate hike in May. At the rate-setting meeting, the Monetary Policy...

uk-cryptotaskforce-032218.jpg Britain announced a new cryptoassets taskforce on Thursday, that it hopes will help manage the risks surrounding such tokens and harness the potential benefits of their underlying distributed ledger technology or blockchain, as part of its larger strategy for the Fintech sector.

joblessclaims-us-032218.jpg A report released by the Labor Department on Thursday showed a modest uptick in first-time claims for U.S. unemployment benefits in the week ended March 17th. The report said initial jobless claims edged up to 229,000.

bankofengland-032218.jpg The Bank of England decided to keep its key interest rate unchanged, but in a split vote as the minority sought immediate tightening citing easing slack and accelerating pay growth. At the rate-setting meeting, the Monetary Policy Committee, governed by Mark Carney, voted 7-2 to maintain the benchmark rate at 0.50 percent. The bank had previously raised its key rate in November 2017.

germanybusinessconfidence-032218.jpg German business sentiment deteriorated to an 11-month low in March as firms were less optimistic about the months ahead due to fears of trade conflicts led by the US, survey data from the Munich-based Ifo Institute showed Thursday. Elsewhere, the Purchasing Managers' survey showed that the Germany's private sector expanded at the slowest pace in eight months in March.

cryptocurrency-dailyroundup-032218.jpg Bitcoin is set to be the single global currency in a decade, chief of a popular social media network proclaimed, while a cryptocurrency pioneer said the blockchain technology could become a universal payments network. The UK government has unveiled a cryptoassets task force, which it hopes will help it manage their and harness the benefits of blockchain.

tomlee-altcoins-032118.jpg The bear market for small-cap cryptocurrencies, otherwise called alt-coins, is over, but it will be a while before they enter a bull market, a prominent Bitcoin bull Thomas Lee, head of Fundstrat Global Advisors said. Alt-coins, which are those other than Bitcoin and Ethereum, go through "purgatory" periods before a bull market is underway, Lee and his team of researchers said in a client note.

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