Forex & Cryptocurrency News

The Leading Cryptocurrency Stories for 23rd May 2018

The cryptocurrency market remains range bound since the beginning of this week. The market really needs a big news for large players to enter again. The cryptocurrency community, however, is hopeful of a big breakout in early June as many

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Possibility Of Anti-EU Gov. In Italy Turns Euro Bearish

  After recording the fastest growth rate of 2.5% in a decade, the Euro zone economy continues to show improvement. The ECB is expected to start winding up its asset purchase program later this year. An interest rate hike is

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The Leading Cryptocurrency Stories for 21st May 2018

The cryptocurrency market remained mostly in red last week. However, numerous blockchain projects were initiated by governments across the world. As usual, large private companies made big announcements related to blockchain technology.  The notable one is that of HTC, which

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Yen Turns Weak As Japanese Economy Contracts In 1Q18

  The GBPJPY pair has been range bound between 147.50 and 149.50 in May. The weakness seen in the construction sector and Brexit related issues has been keeping the Pound weaker. Likewise, the yen has turned weak due to an

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The Leading Cryptocurrency Stories for 16th May 2018

Sheena Shah, an analyst at Morgan Stanley, and her team studied the probable central bank use of cryptocurrencies. In their report, the analysts mentioned that cryptocurrencies backed by the government could be used to implement deeper negative interest rates in

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Upbeat Manufacturing Index Data Strengthens Kiwi Dollar

  The NZDJPY pair declined last week after the Reserve Bank of New Zealand’s Governor Adrian Orr maintained the official cash rate (OCR) at 1.75% and stated that there will be no change in the interest rates for the foreseeable

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The Leading Cryptocurrency Stories for 14th May 2018

After remaining buoyant for nearly three weeks, the cryptocurrency market went in for correction on Friday. However, blockchain technology continues to gain traction in the mainstream economy. Deloitte, one of the ‘Big Four’ accounting and consulting firms, (in partnership with

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Greenback Up On Widening Interest Rate Differential

  Since mid-March, the USDJPY pair has been on an uptrend. From a low of 104.63, the currency pair had gained more than 500 pips to reach 109.75 levels. The interest rate differentials and the Fed rate hike in March

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The Leading Cryptocurrency Stories for 9th May 2018

During the weekend, at the annual shareholders meeting of Berkshire Hathaway, Warren Buffett called Bitcoin as ‘rat poison’, while his partner Charlie Munger compared crypto to “turds.” Their views were echoed by Bill Gates who stated that he would definitely

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Weak Sentix Economic Index Keeps Euro Bearish

  Despite soft economic performance and increasing divergence with the US interest rates, the Australian dollar has rallied against the Euro for the past one week. The weak German retail sales in March was one of the reasons for the

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