Forex Top Story


eur-usd2-042618.jpg The euro dropped against its major opponents in the New York session on Thursday, erased its recent gains, after the European Central Bank President Mario Draghi acknowledged recent signs of moderation in bloc's economic growth, with some countries experiencing a loss of momentum. There has been some...

draghi-042618.jpg Eurozone growth momentum has softened since the start of the year, but is expected to remain solid and broad-based, European Central Bank President Mario Draghi said Thursday. "This moderation may in part reflect a pull-back from the high pace of growth observed at the end of last year, while temporary factors may also be at work," Draghi said in the introductory statement.

noob-crypto-042618.jpg In crypto sphere, a NOOB is someone who is new to the cryptocurrency world and inexperienced in the ways of it. The NOOB would have little knowledge of the different cryptocurrencies, their venues, discussion forums and the slang used.

crypto-roundup-042618.jpg Bitcoin continued to trend lower Thursday, while some main altcoins recovered likely due to profit-taking and FUD. A South Korean mining giant reportedly is the suitor for the crypto exchange Bitstamp. One of the top three credit rating agencies has said that blockchain is a "game-changing technology" for the insurance industry. And a leading brokerage placed its ad in the blockchain.

durable-goods-orders-042618.jpg Reflecting another jump in orders for transportation equipment, the Commerce Department released a report on Thursday showing a bigger than expected increase in new orders for U.S. manufactured durable goods in the month of March. The Commerce Department said durable goods orders surged up by 2.6 percent.

joblessclaims-042618.jpg First-time claims for U.S. unemployment benefits fell to their lowest level in nearly five decades in the week ended April 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dropped to 209,000.

ecb2-042618.jpg The European Central Bank left its key interest rates, asset purchases and forward guidance unchanged on Thursday, amid softening growth momentum in the euro area. The Governing Council, led by ECB President Mario Draghi, left the key interest rates unchanged after the policy session in Frankfurt, in line with economists' expectations.

bank-of-korea-040915.jpg South Korea's gross domestic product jumped a seasonally adjusted 1.1 percent on quarter in the first quarter of 2018, the Bank of Korea said in Thursday's preliminary report. That follows the 0.2 percent decline in the three months prior. On the expenditure side, private consumption expanded 0.6...

eur-usd4-042518.jpg The dollar is rising against its major rivals Wednesday afternoon, bouncing back from yesterday's pullback. The recent rise in bond yields has convinced investors that rising inflation may lead the Federal Reserve to hike interest rates faster than previously expected. There was no U.S. economic data...

cryptocurrency-dailyroundup-042518.jpg Cryptocurrencies gave up their upward trend, witnessed over the past few days, early Wednesday, led by the double-digit decline in altcoins. In other news, Hong Kong and Singapore have emerged as the new initial coin offering hotspots. Meanwhile, a Japanese power utilities major entered a partnership with a blockchain-based energy trading platform to test peer-to-peer trading in renewable energy.

powerledger-kansai-042518.jpg A Japanese electric utility major has partnered with the blockchain start-up Power Ledger to trial peer-to-peer renewable energy trading in the country. The effort aims to provide communities with cheaper energy systems to offset existing energy costs. Generating customers will be allowed to monetize their renewable energy investments by selling their excess energy peer-to-peer.

rekt-cryptocurrency2-042518.jpg Borrowed from online gaming slang, REKT means wrecked or ruined, usually in reference to a big loss suffered in a cryptocurrency trade. An example from a reddit post: "I saw a 12 Million Dollar position get liquidated last night, some people got completely rekt."

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.

Follow RTT