Forex News
German Business Confidence At 13-Month Low
Tue, 24 Apr 2018 12:24:07 GMT
German business confidence deteriorated more-than-expected to a 13-month low in April on trade tensions, survey data from the Munich-based Ifo Institute showed Tuesday. The business sentiment index fell to 102.1 from 103.3 a month ago. This was the lowest reading since March 2017, when the reading was 101.3. The score was forecast to drop moderately to 102.8.
Venture Capitalist Draper Says Bitcoin To Be Bigger Than Internet
Tue, 24 Apr 2018 11:24:35 GMT
Venture capitalist Tim Draper predicted that Bitcoin could be bigger than the internet. Draper also said that the top cryptocurrency would be bigger than his early investments in Tesla, Hotmail and Skype, combined, CNBC reported citing comments the investor made during a debate.
Dow set to jump more than 100 points after strong earnings
Tue, 24 Apr 2018 09:54:00 GMT
Stock index futures pointed to a strong open on Tuesday as major biggest companies reported better-than-forecast quarterly results.
European Economics Preview: Germany's Ifo Business Sentiment Data Due
Tue, 24 Apr 2018 05:53:55 GMT
Business confidence survey data from Germany and public sector finance from the UK are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, foreign trade data from Switzerland is due. Swiss watch exports figures are also due. At 2.45 am ET, the French statistical office Insee publishes manufacturing sentiment data.
U.S. Existing Home Sales Climb More Than Expected In March
Mon, 23 Apr 2018 14:16:46 GMT
A report released by the National Association of Realtors on Monday showed existing home sales in the U.S. increased by much more than expected in the month of March. NAR said existing home sales climbed by 1.1 percent to an annual rate of 5.60 million in March.
Cryptocurrency Daily Roundup - Apr. 23
Mon, 23 Apr 2018 13:38:38 GMT
Bitcoin topped $9,000 on Sunday and cryptocurrency market capitalization crossed $400 billion early Monday for the first time since March 8, amid the broad based improved sentiment being witnessed over the past few days. In other news, whistle-blower website WikiLeaks called for a blockade of crypto exchange operator Coinbase after the latter ended services to the former's merchandise account.
World's First IOTA-powered Charging Station Launched In Netherlands
Mon, 23 Apr 2018 12:36:18 GMT
The Netherlands is now home to the world's first IOTA-enabled electric vehicle charging station that is being tested. The IOTA charger is part of the ElaadNL test site, an initiative of the Dutch grid operators who are exploring ways to make the existing network efficient and affordable to support the development of electric mobility, or e-mobility and smart charging.
Eurozone Private Sector Expands At Moderate Pace
Mon, 23 Apr 2018 12:33:52 GMT
Eurozone private sector logged a moderate expansion in April, amid signs of weaker growth of demand and supply constraints. The composite output index remained unchanged at 55.2 in April, flash survey results from IHS Markit showed Monday. The score was forecast to drop to 55.0. A score above 50 indicates expansion in the private sector.
Crypto Lexicon - FUD
Mon, 23 Apr 2018 11:44:15 GMT
FUD simply means "fear, uncertainty and doubt". Misinformation will be spread deliberately with the intention of feeding it into the overall market sentiment. Such misinformation would be usually spread through comments in crypto discussion forums on reddit and other social media. Some comments made by personalities on TV can also be treated as FUD.
Dow posts 4-day losing streak as tech falls, rates rise
Mon, 23 Apr 2018 09:27:00 GMT
Stocks fell on Monday as tech shares declined, while investors fretted over higher interest rates.
European Economics Preview: Eurozone Flash Composite PMI Data Due
Mon, 23 Apr 2018 05:53:51 GMT
Flash Purchasing Managers' survey data from euro area is due on Monday, headlining a light day for the European economic news. At 3.00 am ET, IHS Markit is set to issue France's composite PMI report. The composite index is expected to drop to 55.9 in April from 56.3 in March.
Crypto Weekly - Apr. 20
Fri, 20 Apr 2018 14:42:29 GMT
Bitcoin and altcoins remained trending upwards for most part of this week, save for occasional whale sightings that caused brief periods of sharp declines. The most remarkable was a drop of over $200 in the Bitcoin price in under 30 minutes to around $7,860 at about 4 am ET on Tuesday. A whale dump is doubted behind this sharp fall.
Cryptocurrency Daily Roundup - Apr. 20
Fri, 20 Apr 2018 11:52:12 GMT
Cryptocurrencies kept rising Friday morning, extending the upward trend witnessed for most of the week. Recent data revealed that more money was made through initial coin offerings in the first quarter of this year than in the whole of last year. Elsewhere, a Japanese information technology conglomerate is set to demonstrate a next generation blockchain at a famous trade fair in Germany.
Fujitsu To Demonstrate 'Next Gen Blockchain' IOTA At Hannover Messe Trade Fair
Fri, 20 Apr 2018 11:06:43 GMT
Fujitsu, the Japanese information technology conglomerate, is set to introduce IOTA, which it calls the next generation distributed ledger technology or blockchain, at the Hannover Messe trade fair in Germany this month. The trade fair, Germany's biggest, is set to take place between April 23-27. The show will host 6,500 exhibitors and 250,000 visitors.
Crypto Lexicon - SHILL
Fri, 20 Apr 2018 10:42:56 GMT
Often one comes across the term "SHILL" in crypto forums. To SHILL a coin or SHILLING means to promote it by providing misinformation with the hope of boosting the price. Usually this is done by someone who holds the coin and wants its price to appreciate.
Dow tumbles about 200 points as Apple drags tech lower
Fri, 20 Apr 2018 09:04:00 GMT
Stocks dropped on Friday as a decline in Apple pushed the technology sector lower.
U.S. Leading Economic Index Rises In Line With Estimates In March
Thu, 19 Apr 2018 14:33:13 GMT
A report released by the Conference Board on Thursday showed its index of leading U.S. economic indicators increased in line with economist estimates in the month of March. The Conference Board said its leading economic index rose by 0.3 percent.
Philly Fed Index Unexpectedly Indicates Faster Growth In April
Thu, 19 Apr 2018 13:30:13 GMT
Philadelphia-area manufacturing activity unexpectedly saw a modestly faster rate of growth in the month of April, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity inched up to 23.2 in April.
Cryptocurrency Daily Roundup - Apr. 19
Thu, 19 Apr 2018 13:23:13 GMT
Cryptocurrencies sustained their upward trend Thursday morning and market capitalization hit a four-week high, hovering around $350 billion. Bitcoin price was reportedly driven by massive sales by whales. Remarks from a popular hedge fund manager that it may be a time to buy the top cryptocurrency boosted market sentiment.
U.S. Weekly Jobless Claims Edge Modestly Lower
Thu, 19 Apr 2018 13:22:41 GMT
A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended April 14th. The report said initial jobless claims edged down to 232,000.
UK Retail Sales Fall More Than Forecast On Adverse Weather
Thu, 19 Apr 2018 12:19:19 GMT
UK retail sales declined more-than-expected in March on unusually cold and adverse weather, official data revealed Thursday. Retail sales including auto fuel, dropped 1.2 percent month-on-month in March, in contrast to a 0.8 percent rise in February, the Office for National Statistics reported. Sales were forecast to fall 0.6 percent.
Barclays Exploring Scope For Cryptocurrency Trading Desk
Thu, 19 Apr 2018 10:27:58 GMT
Barclays Plc, the British banking major, has reportedly reached out to its clients to gauge their interest in a cryptocurrency trading desk. The bank did a preliminary assessment of demand and feasibility of a cryptocurrency trading desk, Bloomberg reported, citing unidentified people familiar with the matter.
Crypto Lexicon - WHALE
Thu, 19 Apr 2018 10:16:16 GMT
Bitcoin's price dropped nearly $200 in less than 30 minutes on Tuesday and many suspected a WHALE was behind this sharp fall. A WHALE in the crypto world is someone or a single wallet/account holding a huge amount, hundreds and thousands, of Bitcoins.
Stocks close lower as Apple falls, rates rise
Thu, 19 Apr 2018 09:30:00 GMT
Stocks fell after a major Asian chipmaker delivered a disappointing forecast which dragged the technology sector lower.
European Economics Preview: UK Retail Sales Data Due
Thu, 19 Apr 2018 06:10:52 GMT
Retail sales from the UK and current account from euro area are due on Thursday, headlining a light day for the European economic news. At 4.00 am ET, the European Central Bank is slated to issue euro area current account figures for February. The current account surplus totaled EUR 37.6 billion in January.
Australia Jobless Rate Steady At 5.5% In March
Thu, 19 Apr 2018 02:15:07 GMT
The jobless rate in Australia came in at a seasonally adjusted 5.5 percent in March, the Australian Bureau of Statistics said on Thursday.
New Zealand Inflation Gains 0.5% In Q1
Thu, 19 Apr 2018 00:15:07 GMT
Consumer prices in New Zealand added 0.5 percent on quarter in the first three months of 2018, Statistics New Zealand said on Thursday.
Cryptocurrency Daily Roundup - Apr. 18
Wed, 18 Apr 2018 13:42:02 GMT
Bitcoin rebounded Wednesday morning after a sharp fall late Tuesday, which was apparently due to a "whale dump" that refers to a single seller offloading a significant amount of the top cryptocurrency. The price of Bitcoin dropped more than $200 in under 30 minutes to around $7,860 at about 4 am ET. That was in contrast to expectation that there would be a rally as the Tax Day passed.
Crypto Lexicon - HODL
Wed, 18 Apr 2018 12:47:40 GMT
A space to explain the crypto world jargon, a word a day. And HODL is the word for today. One of the most common slang terms in the crypto sphere, HODL means to hold or remain invested in Bitcoin or any particular cryptocurrency, rather than sell it, amid falling prices.
UK Inflation Hits 1-Year Low
Wed, 18 Apr 2018 12:30:48 GMT
UK inflation slowed to a one year-low in March, diminishing scope for a rate hike in May as markets widely expect. Consumer prices climbed 2.5 percent year-on-year in March, slower than the 2.7 percent increase posted in February, the Office for National Statistics said Wednesday. Inflation was forecast to remain unchanged at 2.7 percent. This was the weakest rate since March 2017.
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