The ups and downs in the prospects of a Bitcoin ETF have rocked cryptocurrencies. So far, requests have been rejected, but a lot of progress has been made. Here is everything you need to know about the topic. Many factors are moving the price of Bitcoin and other cryptocurrencies such as Ethereum and Ripple. Real-world usage, regulation, hacks, scaling, … “Bitcoin: ETF news is everything that matters – here is everything you need to know”
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3 reasons why the USD will likely remain strong until late October / early November
The US Dollar remains dominant, and each breather looks like a buying opportunity. There are three central drivers, and they are set to continue for at least a few more months. Things may materially change in the middle of the autumn. US Dollar strength is a prominent feature for quite a few months. Each time … “3 reasons why the USD will likely remain strong until late October / early November”
Japanese Yen Affected by Balance of Payments, Looks Ahead to GDP Data
The Japanese yen tumbled midweek after the countryâs balance of payments for June missed market forecasts. Investors will now look ahead to Japanâs second quarter gross domestic product (GDP) numbers to find direction in the currency. According to the US Department of Commerce, the US goods trade deficit with Japan declined 3.4% in June to $5.31 billion, but there has been a year-over-year jump of 1.9% to $34.6 billion in the first half of 2018. … “Japanese Yen Affected by Balance of Payments, Looks Ahead to GDP Data”
Sterling Pound Tumbles to 11-Month Lows on Negative Sentiment
The Sterling pound today dropped to new 11-month lows following the resurgence of the US dollar amid negative investor sentiment towards the pound. The GBP/USD currency pair was weighed down by the looming fears of a no-deal Brexit as well as the ongoing trade standoff between the US and China. The GBP/USD currency pair today … “Sterling Pound Tumbles to 11-Month Lows on Negative Sentiment”
NZ Dollar Mixed After Macroeconomic Data & Ahead of RBNZ
The New Zealand dollar was mixed today after decent macroeconomic data and ahead of the central bank’s monetary policy meeting. The Reserve Bank of New Zealand inflation expectations in the September quarter for the next two years remained basically unchanged at 2.0%. Released yesterday, the GlobalDairyTrade Price Index showed no change. Dairy prices dropped 1.7% in the previous reporting period. The trade balance of China, New Zealand’s major trading partner, showed … “NZ Dollar Mixed After Macroeconomic Data & Ahead of RBNZ”
Australian Dollar Mixed-to-Lower After RBA, Macroeconomic Data
The Australian dollar was little changed against most of its major rivals today but dropped versus the Japanese yen. Today’s macroeconomic data was rather poor, weighing on the currency. Yesterday, the Reserve Bank of Australian announced its policy decision. The central bank made no surprises, leaving interest rates stable and keeping the statement largely unchanged, reinforcing the view that the RBA will hike interest rates in the second half … “Australian Dollar Mixed-to-Lower After RBA, Macroeconomic Data”
Canadian Dollar Receives Support From Higher Crude Prices, Weaker Greenback
The Canadian dollar is trading higher on Tuesday, finding support from rising crude oil prices and a lower US dollar. The loonie has risen to its best level in eight weeks against the greenback, and it could add to its gains on reports that an updated North American Free Trade Agreement (NAFTA) proposal has been submitted. US-Iran tensions are intensifying after Washington slapped new sanctions on Tehran, one … “Canadian Dollar Receives Support From Higher Crude Prices, Weaker Greenback”
Euro Rallies Higher on Market-Wide US Dollar Retracement
The euro today rallied higher against the US dollar following the market-wide selling of the US dollar, which boosted most of its peers. The EUR/USD currency pair rallied higher from the early European session despite the release of mixed data from the German docket. The EUR/USD currency pair rallied higher from a low of 1.1550 … “Euro Rallies Higher on Market-Wide US Dollar Retracement”
Chinese Yuan Erases Early Gains on US Trade Friction, PBOC Move
The Chinese yuan enjoyed a great start to the trading week, but the currency quickly pared its gains on concerns over escalating trade tensions with the US. The trade fallout is also impacting the equities market as the widespread selloff are sending stocks, especially small-cap stocks, tumbling. On Friday, the Chinese government warned that it would slap more tariffs, ranging from 5% to 25%, on $60 billion in US goods. This … “Chinese Yuan Erases Early Gains on US Trade Friction, PBOC Move”
Euro Weakens Against a Strong US Dollar on Global Trade Concerns
The euro today weakened against the US dollar as trade tensions between the US and China boosted the greenback. The EUR/USD currency pair was further dragged lower by the positive investor sentiment towards the greenback following the mixed non-farm payroll data released on Friday. The EUR/USD currency pair today dropped from a high of 1.1570 … “Euro Weakens Against a Strong US Dollar on Global Trade Concerns”