Forex & Cryptocurrency News

The Leading Cryptocurrency Stories for 19th Feb 2018

The crypto currency market continues to steadily rise, despite some intraday downtrends that arise due to minor negative news. The most notable developments in the past few days include Swedish government’s short-listing (19 out of 40) of IOTA (IOT) crypto

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Strong Inflation Outlook Strengthens New Zealand Dollar

  Better than anticipated employment data propelled the New Zealand dollar against the greenback in the first week of February. The NZDUSD pair also got a boost from an unexpected increase in the wholesale inventories in the US. Since February

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The Leading Cryptocurrency Stories for 14th Feb 2018

After a period of high volatility, crypto currency market is trying to consolidate. During November and December last year, the entire crypto currency market rallied in a big way and came under the watchful eyes of mainstream media. By January,

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Robust Industrial Production In France, Italy Keeps Euro Strong

  The euro dollar weakened last week as traders started winding down their short position in the US dollar. Furthermore, the relatively high unemployment rate of 8.7% and low inflation rate of about 1% are other reasons for the euro’s

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The Leading Alternative Currency Stories for 12th Feb 2018

After a period of nearly one month, the crypto market ended the week on a positive note. The testimony given by the US SEC chairman Jay Clayton provided a clear message that the US is only trying to streamline cryptos

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Aussie Weakens on RBA’s Dovish Statement

  The strong recovery in the Euro zone economy and a decrease in risk from political events has turned the Euro bullish against the greenback, Pound and even the Australian dollar. While the price of iron ore continues to hold

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The Leading Alternative Currency Stories for 7th Feb 2018

The crypto market continues to see a big sell off as authorities worldwide are mounting pressure to clamp down investments in projects related to distributed ledger technology. On Tuesday, the Committee on Banking, Housing, and Urban affairs conducted a hearing

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US dollar Strengthens On Strong Non-farm, Wage Growth Data

  Strategists at ING Group had forecast a rally in the Pound Sterling against the euro and dollar in the first half of 2018. The forecast was made on the observation that the UK prime minister Theresa May is not

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The Leading Cryptocurrency Stories for 5th Feb 2018

The crypto currency market plunged on the first day of this month, following Facebook’s decision to ban advertisements related to crypto currencies and ICOs. The selling pressure increased after India’s finance minister Arun Jaitley stated that the government may take

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Aussie Strengthens on Rising Optimism Among Businesses

  The Australian dollar fell in the morning yesterday, after the Reserve Bank of Australia reported a 0.6% q-o-q rise in the consumer price index, missing forecasts for a 0.7% rise. In particular, the Aussie fell to a low of

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