Forex Top Story


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.

europeanecopreview-042318.jpg Flash Purchasing Managers' survey data from euro area is due on Monday, headlining a light day for the European economic news. At 3.00 am ET, IHS Markit is set to issue France's composite PMI report. The composite index is expected to drop to 55.9 in April from 56.3 in March.

eur-usd3-042018.jpg The dollar climbed against its major rivals early Friday, but has begun to pare its gains in the afternoon. Overall, trading activity has been rather subdued at the end of the trading week, due to the lack of U.S. economic data. The dollar climbed to a 2-week high of $1.2249 against the Euro Friday,...

cryptocurrency-weekly-042018.jpg Bitcoin and altcoins remained trending upwards for most part of this week, save for occasional whale sightings that caused brief periods of sharp declines. The most remarkable was a drop of over $200 in the Bitcoin price in under 30 minutes to around $7,860 at about 4 am ET on Tuesday. A whale dump is doubted behind this sharp fall.

cryptos-dailyroundup-042018.jpg Cryptocurrencies kept rising Friday morning, extending the upward trend witnessed for most of the week. Recent data revealed that more money was made through initial coin offerings in the first quarter of this year than in the whole of last year. Elsewhere, a Japanese information technology conglomerate is set to demonstrate a next generation blockchain at a famous trade fair in Germany.

fujitsu-iota-hannovermesse3-042018.jpg Fujitsu, the Japanese information technology conglomerate, is set to introduce IOTA, which it calls the next generation distributed ledger technology or blockchain, at the Hannover Messe trade fair in Germany this month. The trade fair, Germany's biggest, is set to take place between April 23-27. The show will host 6,500 exhibitors and 250,000 visitors.

shill-042018.jpg Often one comes across the term "SHILL" in crypto forums. To SHILL a coin or SHILLING means to promote it by providing misinformation with the hope of boosting the price. Usually this is done by someone who holds the coin and wants its price to appreciate.

eur-usd3-041918.jpg The dollar is up against all of its major rivals Thursday afternoon. Traders are reacting to a trio of U.S. economic reports that were released this morning, the results of which proved mixed. A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S....

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