Search Results for: currency market
Bitcoin Price Achieves New All-Time High at $7,598; Why is the Market So Optimistic?
November 6th, 2017
Once again, the bitcoin price has achieved a new all-time high at $7,598 on November 5, as the market continues to be optimistic about the mid-term performance of bitcoin. In Japan and South Korea, two regions in Asia that ...
How the Bank of England could surprise currency traders on Thursday
November 2nd, 2017
Market expectations indicate a 90 percent chance that the BOE will announce a rate hike Thursday Market expectations project only one rate hike in 2018, but if inflation remains above the bank’s 2 percent target, the BOE could be ...
Bitcoin turns 9 and has evolved into a global currency already
November 1st, 2017
Satoshi Nakamoto, the anonymous creator of bitcoin, released the bitcoin whitepaper 9 years ago, on October 31. Since then, based on every indicator imaginable, bitcoin has evolved into a major global currency, store of value, and safe haven asset. ...
Euro against the dollar to a three-month low; Early European and Asian markets review
October 27th, 2017
Asian shares gained on Friday as technology shares were boosted by upbeat earnings from U.S. high-tech giants while the euro hovered near three-month low against the dollar after the European Central Bank extended its stimulus. The Australian dollar fell ...
Former HSBC Executive Found Guilty of Fraud in $3.5 Billion Currency Trade
October 24th, 2017
A U.S. jury on Monday found former HSBC executive Mark Johnson guilty of defrauding Cairn Energy (CRNZF, +0.00%) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign ...
Bitcoin market cap tops $128 billion for the first time in its history
October 23rd, 2017
Institutional investors are avoiding Bitcoin, saying it is the most crowded trade in global markets. On Monday, the crypto-currency experienced a surge in trading volume that boosted it to $7710 a coin ($US6026) and surpassed a market capitalisation of ...
How Emerging Markets currencies are moving
October 12th, 2017
Mexico’s peso rebounded on Wednesday from a near five-month low as talks began to rehash a trade deal with the United States, while other emerging markets currencies also gained. Doubts that President Donald Trump would push through his planned ...
Early Forex and Shares market review
October 11th, 2017
A broad index of Asian shares touched a decade-high on Wednesday, taking cues from signs of confidence in the U.S. Meanwhile, the euro held onto overnight gains after Catalonia held back on an outright declaration of independence. During the ...
South Korea bans all new cryptocurrency sales
September 29th, 2017
South Korea’s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial ...
The dollar’s strength pressured many emerging market currencies
September 28th, 2017
The dollar and U.S. bond yields rose on Thursday after President Donald Trump proposed the biggest U.S. tax overhaul in three decades and as strong U.S. economic data added to the case for a rate hike by the Federal ...
