Forex News

Lite Coin Turns Bullish on Successful Atomic Swap Test

  In our November 16th report, we had forecast a rally in the Lite coin from the level of $60, following its listing in the South-Korean exchange Bithumb. Further, we had predicted the LTCUSD pair to breach the level of

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UBS White Paper Calls Bitcoin a Speculative Bubble

  In our November 15 report, we had predicted a sharp bounce back in the price of Bitcoin, which had plunged below $6000 due to the suspension of Segwit2x hardware fork. We had expressed our willingness to purchase the coin

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Canadian Dollar Weakens on Impasse in NAFTA Negotiations

  In our October 23rd report, we had forecast a rally in the USDCAD pair, which was trading at around 1.2600. Additionally, we had mentioned that two trades – one each in the Forex and binary market – may be

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Litecoin Gets Listed in Major S.Korean Exchange Coinone

  Litecoin, which is technically almost identical to Bitcoin, dropped to $55 from about $64 in the past week, as Bitcoin plunged on the announcement of suspension of Segwit2x hardware fork. Litecoin, which aims to process a block every 2.5

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Bitcoin Signals Uptrend as Bitcoin Cash Rally Fades

  In our November 8 report, we had cautioned readers that BTCUSD is trading in the overbought region and a steep fall can be expected at any time. We had also mentioned our interest to go short at 7100 levels

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Pound Up on Strong Growth in Industrial Production

  The GBPUSD pair remains range bound between 1.3075 and 1.3280 for the past two months. The weakness in the US economy, mainly due to hurricanes Harvey and Irma, kept the Greenback weak. On the other hand, the Brexit related

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Ethereum Classic Down on Lack of Updates from Developers

  Ethereum Classic (ETC), the original Ethereum chain, has been rising in the past few trading sessions. The ETCUSD pair has gained about four dollars in the past two trading sessions to hit a high of $15.05. As the readers

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Bitcoin Faces Hurdle as Dominance Index Surges Past 61%

  Earlier this week, crypto currency king Bitcoin tore above the $7,500 mark for the first time after it came into existence. Further, it also pushed the crypto currency market capitalisation to a high of $200 billion. While the investors

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Widened Trade Deficit Turns Canadian Dollar Weak

  Despite a strong rise in the price of crude oil, the Canadian dollar has been weak against the Yen for the past one month. A dip in the wholesale sales and a 0.1% m-o-m contraction in the GDP during

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Bitcoin Cash Signals Downtrend on Lack of Fresh Impetus

  Bitcoin Cash (BCH), a crypto currency created by forking the block chain network in August, surged about $150 last weekend to trade at $510 levels against the US dollar. The BCHUSD had recorded a high of $972 in mid-August.

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