Forex Top Story


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.

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.

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.

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.

The dollar is turning in a mixed performance against its major rivals Monday afternoon, but remains little changed overall. The buck is down slightly against the Euro, but is modestly higher against the British pound and Japanese Yen. The lack of U.S. economic data is keeping some investors on the...

mining-may22.jpg Mining is the process using which new bitcoins are created by a competitive and decentralized process. Individuals or groups of individuals called miners use freely available special software to solve mathematical problems every 10 minutes to verify and confirm each bitcoin transaction in a block, which is generated based on a system called "hashcash proof-of-work".

crypto-roundup-052118.jpg Bitcoin was modestly higher Monday morning, while Ethereum was lower. The top cryptocurrency moved higher as markets were looking for a rally following upbeat predictions from analysts. Here is a wrap of the main news from the cryptocurrency and blockchain space over the past few hours.

blockchain-rankings-052118.jpg China released the world's first-ever blockchain rankings by a government, even though it had banned the use of cryptocurrency. And Ethereum, whose native currency is called Ether, was ranked first, while the distributed ledger of Bitcoin received only a 13th place on the first monthly Global Public Chain Assessment Index released by the China Center for Information Industry Development.

swiss-may21.jpg A university in Switzerland became the first to issue course completion certificates using blockchain in an attempt to secure academic credentials from fraud. The Center for Innovative Finance (CIF) of the University of Basel partnered with the Swiss fintech startup Proxeus to create course completion certificates registered on Ethereum.

thailand-gdp-052118.jpg Thailand's economy expanded at the fastest pace in five years in the first quarter on exports, consumption and investment, the National Economic and Social Development Board said Monday. Gross domestic product grew 4.8 percent year-on-year, faster than the 4 percent growth seen in the fourth quarter of 2017. This was the fastest expansion logged since the first quarter of 2013.

trade.jpg Japan posted a merchandise trade surplus of 625.977 billion yen in April, the Ministry of Finance said on Monday - up 30.9 percent on year. The headline figure exceeded expectations for a surplus of 440.0 billion yen following the downwardly revised 797.0 billion yen surplus in March (originally 797.3...

newzealandcpi-071510.jpg The total volume of retail sales in New Zealand added a seasonally adjusted 0.1 percent on quarter in the first three months of 2018, Statistics New Zealand said on Monday. That was shy of expectations for a gain of 1.0 percent and down from the downwardly revised 1.4 percent in the three months prior...

The dollar got off to a positive start Friday, but has since pared its early gains. The buck is up slightly against its major European rivals, but is down against the Japanese Yen. There have been few catalysts to drive trading at the end of the week. The lack of U.S. economic data is keeping some investors...

crypto-weekly-051818.jpg Bitcoin and its peers relatively had a lackluster week. After starting in red, they witnessed some recovery by Wednesday, that soon lost steam and cryptocurrencies were in the red Friday morning. Sentiment was damped by the lack of major news from the blockchain week that concluded mid-week in New York. The much awaited rally in cryptocurrencies following the event never happened.

Follow RTT