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The Leading Cryptocurrency Stories for 30th April 2018

The cryptocurrency market saw a minor, healthy sell off last Thursday. However, the downtrend did not last long and the market bounced back on Friday. Many analysts have forecast a strong uptrend in the second quarter of 2018. Despite a

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Caterpillar Beats 1Q18 Estimates, Raises FY18 EPS Outlook

  The stock of construction equipment manufacturer Caterpillar Inc. (NYSE: CAT) has declined by about 6% this week, despite reporting impressive first-quarter 2018 results. During the conference call, the company’s Chief Financial Officer Brad Halverson said the first-quarter adjusted profits

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Strong New Home Sales Keeps Greenback Bullish

  The AUDUSD pair has been on a consistent decline since January 2018. The US benchmark interest rate of 1.75% is now higher than the prevailing interest rates in Australia. Furthermore, Trump’s trade war with China and pressure on commodity

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The Leading Cryptocurrency Stories for April 25th 2018

The return of bulls to the cryptocurrency market may spell trouble for countries whose fiat currencies are considered weak. Iran is a classic example of this scenario. As Bitcoin started rising in a steep manner last year, Iranian rial started

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GE Beats 1Q18 EPS estimates, Reaffirms FY18 EPS View

  The worst may be over for industrial conglomerate General Electric Company (NYSE: GE). The company reported fiscal 2018 first-quarter net loss that is wider than the similar period last year. However, adjusted earnings and revenues were better than analysts’

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Soft Retail Sales & Inflation Turn Canadian Dollar Weak

  During the first two weeks of April, the CADJPY pair rallied almost 400 pips to reach 85.80. The optimism shown by all parties involved in the NAFTA talks enabled the Canadian dollar to turn strong. Lower than anticipated February

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The Leading Cryptocurrency Stories for 23rd April 2018

For the third week in a row, the cryptocurrency market remained bullish last week. Most crypto gurus believe that it is the beginning of a big bull market. It is quite impossible to forecast precisely about cryptocurrencies as even minor

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Goldman Sachs Beats 1Q18 EPS Estimates, Raises Dividend

  Investment banking firm Goldman Sachs Group Inc. (GS) reported a 27% rise in its fiscal 2018 first-quarter earnings, compared with the similar period last year. The bank crushed the earnings and revenue estimate of analysts. The company also raised

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Greenback Turns Bullish On Strong Housing Data

  Last month, higher chances of a smooth Brexit and better growth prospects supported the pound to gain against its developed rivals such as the greenback. The GBPUSD pair’s uptrend was also aided by the uncertainty created by Trump’s trade

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The Leading Cryptocurrency Stories for 18th April 2018

Cryptocurrency market continues to stay bullish, following the reversal last week. There were some notable developments in the past few days. Barclays, which is one of the banks that advocated against the cryptocurrencies earlier this year, is now having a

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