Forex Top Story


eur-usd2-062318.jpg The dollar is losing ground against all of its major rivals Friday afternoon. The lack of U.S. economic data kept some investors on the sidelines at the end of the trading week. Trade concerns continued to weigh on sentiment after President Donald Trump threatened to impose a 20 percent tariff on all...

rttnewspaper-june22.jpg Bitcoin and its peers had a sluggish start to the week after sentiment was hurt by a bleak view on cryptocurrencies by the Basel-based central bank of central banks, but they recovered mid-week despite more negative news in the form of a hack of a major crypto exchange in South Korea. However, cryptocurrencies are likely set for a weak closing to the week as they were deep in the red Friday.

japancrypto-june22.jpg Japan's Financial Services Agency said on Friday that six registered cryptocurrency exchanges, including the leading ones, bitFlyer and Quoine, were asked to improve their screening measures, especially those concerning money laundering. The news caused a major slide in cryptocurrencies, including the top ones such as Bitcoin, Ethereum and Bitcoin Cash.

crypto-june22.jpg Cryptocurrencies sunk deeper into red Friday morning, after it emerged that the Japanese financial market watchdog orders six cryptocurrency exchanges, including some of the biggest, to improve their internal controls. Overall cryptocurrency market cap shrunk to $262.59 billion as of 9.31 am ET on Friday on CoinMarketCap.

eurozone-june22.jpg Eurozone private sector regained some momentum in June fueled by an improved service sector performance, while the pace of growth in manufacturing activity waned. The composite output index rose unexpectedly to 54.8 in June from 54.1 in May, flash data from IHS Markit showed Friday. The score was forecast to fall to 53.9.

mark-june22.jpg Bank of England Governor Mark Carney said Treasury's GBP 1.2 billion capital injection announcement is a ground-breaking financial arrangement and this would make the balance sheet fit for purpose and the future. At the Mansion House, Carney said late Thursday that the additional capital will significantly increase the amount of liquidity the BoE can provide through collateralized and market-wide facilities.

gbp-usd-062118.jpg The dollar is losing ground against all of its major rivals Thursday afternoon, but it losses are more pronounced against the British pound. The pound rallied after today's policy statement from the Bank of England. Bank of England's rate-setting body witnessed a growing divide at the June meeting,...

leadingindicatorindex-062118.jpg With improvements in a majority of components partly offset by declines in leading indicators of labor markets and residential construction, the Conference Board released a report on Thursday showing a smaller than expected increase by its index of leading U.S. economic indicators in the month of May.

cryptos-june21.jpg Bitcoin and its peers are modestly in the red Thursday morning, following a rebound Wednesday evening from a crash caused by the news of a hack at a leading cryptocurrency exchange in South Korea. Overall cryptocurrency market capitalization was at $287.58 billion as of 9.44 am ET on Thursday on CoinMarketCap.

philadelphia-fed-062118.jpg A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a much bigger than expected slowdown in the pace of growth in regional manufacturing activity in the month of June. The Philly Fed said its index for current general activity slumped to 19.9 in June from 34.4 in May.

jobless-claims-062118.jpg First-time claims for U.S. unemployment benefits edged lower in the week ended June 16th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 218,000, a decrease of 3,000 from the previous week's revised level of 221,000.

gbp-usd-june21.jpg The pound gained ground against its key counterparts in the European session on Thursday, after the Bank of England's Monetary Policy Committee voted 6-3 to keep rates unchanged, boosting hopes for a rate hike later this year. The BoE left its key interest rate at 0.5 percent, as expected. The...

bankofengland-june21.jpg Bank of England's rate-setting body witnessed a growing divide at the June meeting, after its chief economist Andrew Haldane joined the hawks seeking an interest rate hike. Policymakers also set out new guidance on when to consider reducing the quantitative easing programme. Six members of the Monetary Policy Committee including Governor Mark Carney voted to maintain the benchmark rate.

blockchain2-june21.jpg Nasdaq, the leading market services provider, and three clearing services companies in Europe - ABN Amro Clearing, EuroCCP and Euroclear - successfully tested a blockchain solution that settled margin calls within minutes. A statement said they completed a joint proof of concept to make the use of securities more efficient when used to cover margin calls using blockchain.

swiss-june21.jpg The Swiss National Bank maintained its negative interest rates while repeating its concerns about a "highly valued" currency, and cited risks from political uncertainty in Italy. The central bank also upgraded its short-term inflation outlook on rising oil prices. The interest rate on sight deposits at the SNB was retained at -0.75 percent.

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