Forex Top Story


crypto-dailyroundup-022018.jpg Bitcoin has staged a strong rebound from the $6,000 low it reached early this month and the sentiment in the cryptocurrency market remains bullish. More on regulation front, Switzerland, which hosts a "crypto-valley", has released new guidelines for initial coin offerings, while the UK central bank chief said Bitcoin failed as a currency.

bitcoin-priceup-022018.jpg The Bitcoin price has stabilized above $11,000 since Monday and is testing key support levels, boosting the sentiment in markets. As of 3.47 am ET on Tuesday, Bitcoin was up 6.02 percent at $11,365.01 on Coinbase. The top cryptocurrency steadily climbed after finding support around $11,400 level late Monday.

MarkCarney-Bitcoin-022018.jpg Bank of England Governor Mark Carney said bitcoin has pretty much failed as currency as its value is unstable and it cannot be a useful way to buy things. "It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange," he told students at Regent's University in London.

EEP12-011515_20Feb18.jpg Economic confidence from Germany is due on Tuesday, headlining a light day for the European economic news.

ReservebankofAustralia-020618.jpg Members of the Reserve Bank of Australia's Monetary Policy Board said that the country's economy was continuing to expand as expected, minutes from the bank's February 6 meeting revealed on Tuesday. The economic data, both in Australia and among its major trading partners, has been broadly positive,...

NewZealandcpi-071510.jpg Producer price outputs in New Zealand climbed 1.0 percent on quarter in the fourth quarter of 2017, Statistics New Zealand said on Tuesday - in line with expectations and unchanged from the previous three months. PPI outputs were up mainly due to dairy product manufacturing. Output prices for the...

Daily-Crypto-021918.jpg One of the leading figures from the cryptocurrency space has come out with a strong warning that prices could drop to near-zero at anytime, while credit card companies and payment processors are grappling with the problem of taxing cryptocurrency transactions. And a US watchdog has announced a bounty...

Singapore-Budget-021918.jpg Singapore plans to raise existing taxes to strengthen the city-state's fiscal footing to meet growing expenditure needs and to prepare for unforeseen events, Finance Minister Heng Swee Keat said in his budget speech on Monday. Heng said the government intends to lift the Goods and Services Tax by two percentage points, to 9 percent from 7 percent, sometime in the period 2021-2025.

CFTC-Crypto-Pump-and-Dump-021918.jpg The Commodity Futures Trading Commission (CFTC) has offered a reward to whistle-blowers who give information on Virtual currency and digital token "pump-and-dump" schemes. "If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 30 percent," CFTC said.

VitalikButerin-Bitcoin-021918.jpg Vitalik Buterin, who is the founder of the Ethereum cryptocurrency, warned investors that prices of cryptocurrencies could fall to near-zero at anytime and added that traditional assets were the safest place to store savings. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Buterin said on Twitter on February 17.

Latvia-CBGovernor-021918.jpg Bank of Latvia's President Ilmars Rimsevics was arrested by his country's anti-corruption bureau as part of a criminal investigation on Sunday. Prime Minister Maris Kucinskis announced that the Corruption Prevention and Combating Bureau (KNAB) has "applied a status of the detained to the President of the Bank of Latvia within the framework of criminal proceedings."

Thai-GDP-021918.jpg Thailand's economy expanded at a slower pace at the end of 2017 but the full-year growth was the fastest in five years. Gross domestic product grew 4 percent year-on-year in the fourth quarter, slower than the 4.3 percent expansion posted in the third quarter, the National Economic and Social Development Board reported Monday. The rate was expected to remain at 4.3 percent.

EUR-USD4-021618.jpg The dollar is gaining ground against all of its major rivals Friday afternoon. Encouraging housing starts, building permits and import prices reports underscored expectations that the Federal Reserve will hike interest rates in March. Import prices in the U.S. jumped by more than expected in the month...

Shopping-Consumer-021618.jpg Despite recent volatility on Wall Street, the University of Michigan released a report on Friday unexpectedly showing a significant improvement in U.S. consumer sentiment in the month of February. The preliminary reading on the consumer sentiment index for February came in at 99.9.

housingStarts-BuildingPermits-021618.jpg After reporting a steep drop in new residential construction in the previous month, the Commerce Department released a report on Friday showing housing starts in the U.S. rebounded by much more than anticipated in the month of January. The Commerce Department said housing starts soared by 9.7 percent.

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