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Cryptocurrency News
Bitcoin Poised to End Week off Weekly Highs Despite Expectations of Indian Adoption
The price of Bitcoin is set to end the week below the week’s highest level as investors in the virtual currency remained reluctant to place their funds into it in the wake of a recent $900 crash. Rumors of a possible adoption of Bitcoin in India resulted in little to no effect on the price of the digital currency today, but is expected to have a wider effect in the weeks to come. After almost touching $3,000, the Bitcoin price crashed to $2,120 last week. … Continue reading Bitcoin Poised to End Week off Weekly Highs Despite Expectations of Indian Adoption
Ethereum Flash Crash Dents Confidence
For long, bitcoin had been the undisputed leader of the cryptocurrency world and its dominance had continued till a couple of years back. But as the field grew and more and more traders joined in, we saw the discovery of other similar currencies which emerged as competition for bitcoin. These provided an alternative to bitcoin … Continue reading Ethereum Flash Crash Dents Confidence
Bitcoin Price Recovers yet Ends Week Lower for First Time in 2 Months
The price of Bitcoin recovered on Friday following rapid losses yesterday, yet still posted a weekly decline as investors remained reluctant while they wait for the price of the digital currency to stabilize. Bitcoin reached its highest valuation in history this week before dropping to the lowest level in 3 weeks. This week’s decline was the first for Bitcoin in more than two months. The drop sparked from increasing concerns about the virtual currency’s … Continue reading Bitcoin Price Recovers yet Ends Week Lower for First Time in 2 Months
Bitcoin Loses More Than $300 on Strong Volatility, Remains Above $2,000
The price of Bitcoin had a volatile day on Friday and during the previous week, a single day after the digital currency reached a new record high on Thursday before shedding more than $500 hours later. Bitcoin traded on Friday at about $300 lower than its record on Thursday, but maintained most of the rapid gains it achieved in recent weeks. Bitcoin surged more than 100% in May due to strong … Continue reading Bitcoin Loses More Than $300 on Strong Volatility, Remains Above $2,000
Bitcoin Price Climbs above $2,000 Mark on Rising Demand in Japan and Korea
The price of Bitcoin moved past $2000 on Friday for the first time in the digital currency’s history, as demand from Japan and Korea continued to drive the market higher. Rising political uncertainty around the globe also added to the Bitcoin rally, as investors were tempted by growing geopolitical instabilities to store the value of their funds in the rapidly soaring virtual currency. Investments from Japan have been pouring into Bitcoin since the nation recognized the digital currency … Continue reading Bitcoin Price Climbs above $2,000 Mark on Rising Demand in Japan and Korea
Brokers News
24option Bolsters Product Portfolio with New Trading Options and Partners with Industry Expert Alpesh Patel
24option, one of the world’s leading online trading platforms, has introduced new CFDs/Forex trade options with customer service and education at the core of the product. The company has developed a complete trading solution that puts traders’ protection first via an enhanced registration process that limits those with inadequate knowledge and experience to trade. With the platforms wide … Continue reading 24option Bolsters Product Portfolio with New Trading Options and Partners with Industry Expert Alpesh Patel
New Cryptocurrencies pairs with AvaTrade
Dublin, June 19th 2017: AvaTrade, the leading forex and CFD broker, has added to their already rich portfolio cryptocurrency pairs with exceptional conditions – Ethereum Classic vs the American dollar (ETCUSD) and Bitcoin vs Euro (BTCEUR) as a first step, with more to follow. This is revolutionary in the trading world, as traders can now … Continue reading New Cryptocurrencies pairs with AvaTrade
JustForex Announces New Trading Conditions for Its Clients
JustForex company is offering the access to the Forex market to its clients for several years. It was founded by professionals who aimed to provide qualified financial services. Since then the company has never stood still, it is constantly adding new services and tools for customers, improving the conditions, contributing beneficial bonuses and contest, etc. … Continue reading JustForex Announces New Trading Conditions for Its Clients
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ECONOMIC CALENDARSponsored by
01:00 | au AUD | MEDIUM | HIA New Home Sales MoM | Actual 1.1% | Forecast | Previous 0.8% |
06:0002H, 16M | de EUR | HIGH | GfK Consumer Confidence | Actual | Forecast 10.4 | Previous 10.4 |
07:0003H, 16M | es EUR | MEDIUM | Inflation Rate YoY Prel | Actual | Forecast 1.6% | Previous 1.9% |
08:0004H, 16M | es EUR | MEDIUM | Business Confidence | Actual | Forecast | Previous 0.5 |
Economic Calendar
Opinions
Fed Treating Inflation Data Like “Fake News”
The phrase “fake news” has been making the rounds around Washington lately. Most of the time it has been used by politicians, but last week, I felt it may have been tossed around a few times at the Federal Open Market Committee’s monetary policy meeting. Last week’s Fed interest rate decision was book-ended by two … Continue reading Fed Treating Inflation Data Like “Fake News”
Delays in Trump’s Agenda, Debt-Ceiling Will Force Fed to Pass on September Rate Hike
Federal Reserve policymakers are widely expected to increase the target for the federal funds rate from 1% to 1.25% on Wednesday. Traders are pricing in close to a 100% chance of this happening so any surprises will be to the downside. Since last December, the Fed has been expected to raise the policy rate another … Continue reading Delays in Trump’s Agenda, Debt-Ceiling Will Force Fed to Pass on September Rate Hike
Qatar in Boiling Water
Mideast unstoppable tensions’ shadows had always direct influence on the financial markets since the 70s of the previous century. However, the surface aspects of every single dilemma are usually hiding a devil fact in the details. On June 4th a sudden rift between Arab countries took place amid major political and economic events. Saudi Arabia, … Continue reading Qatar in Boiling Water
Falling Yields and Rising Gold Telling Markets Fed Will Limit Future Rate Hikes
When the Fed raised its benchmark interest rate last December, it forecast three rates during 2017. At the time, it cited an improving economy and labor market as the reasons for its lofty projections. It also projected slightly faster increases the next few years amid the prospect of a massive government stimulus. The forecast for … Continue reading Falling Yields and Rising Gold Telling Markets Fed Will Limit Future Rate Hikes