Forex Top Story


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....

leading-indicator-index-041918.jpg A report released by the Conference Board on Thursday showed its index of leading U.S. economic indicators increased in line with economist estimates in the month of March. The Conference Board said its leading economic index rose by 0.3 percent.

philadelphiafedmanufacturing-041918.jpg Philadelphia-area manufacturing activity unexpectedly saw a modestly faster rate of growth in the month of April, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity inched up to 23.2 in April.

cryptocurrencydailyroundup-041918.jpg Cryptocurrencies sustained their upward trend Thursday morning and market capitalization hit a four-week high, hovering around $350 billion. Bitcoin price was reportedly driven by massive sales by whales. Remarks from a popular hedge fund manager that it may be a time to buy the top cryptocurrency boosted market sentiment.

joblessclaims-us-041918.jpg A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended April 14th. The report said initial jobless claims edged down to 232,000.

retailsales-uk-041918.jpg UK retail sales declined more-than-expected in March on unusually cold and adverse weather, official data revealed Thursday. Retail sales including auto fuel, dropped 1.2 percent month-on-month in March, in contrast to a 0.8 percent rise in February, the Office for National Statistics reported. Sales were forecast to fall 0.6 percent.

barclays-cryptotrading-041818.jpg Barclays Plc, the British banking major, has reportedly reached out to its clients to gauge their interest in a cryptocurrency trading desk. The bank did a preliminary assessment of demand and feasibility of a cryptocurrency trading desk, Bloomberg reported, citing unidentified people familiar with the matter.

bitcoins-whale3-041918.jpg Bitcoin's price dropped nearly $200 in less than 30 minutes on Tuesday and many suspected a WHALE was behind this sharp fall. A WHALE in the crypto world is someone or a single wallet/account holding a huge amount, hundreds and thousands, of Bitcoins.

europeanecopreview-041918.jpg Retail sales from the UK and current account from euro area are due on Thursday, headlining a light day for the European economic news. At 4.00 am ET, the European Central Bank is slated to issue euro area current account figures for February. The current account surplus totaled EUR 37.6 billion in January.

trade.jpg The jobless rate in Australia came in at a seasonally adjusted 5.5 percent in March, the Australian Bureau of Statistics said on Thursday. That was in line with expectations and unchanged from the February reading following a downward revision from 5.6 percent. The Australian economy added 4.900...

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