joshahmdv

joshahmdv

The Bitcoin (BTC) market price hovers just above $6,000 after dipping below that level, but altcoins have seen even deeper cuts. However, as assets return to prices not seen in a year, and some ICOs go back to their initial selling price, there are opportunities to achieve a new wave of gains. Altcoins are seen as extremely risky, but the possibility of returns...

joshahmdv

After recording losses for two straight days, the USD/CHF pair seems to have gone into a consolidation phase on Thursday as it moves back and forth in a very tight 25 pip range. As of writing, the pair was virtually unchanged on the day at 0.9930.

joshahmdv

The dollar was little changed against the yen, with USD/JPY at 111.02 after falling as low as 110.71 overnight ahead of expected bilateral trade talks between the U.S. and Japan in Washington later in the day.

joshahmdv

Bitcoin retreated as much as 7 percent to $6,393.70 at 10:16 a.m. in London, extending its 2018 drop to about 55 percent, according to Bloomberg composite pricing. Ripple slumped 10 percent while Ether and Litecoin sank at least 3.9 percent. All but two of the 100 biggest virtual currencies tracked by Coinmarketcap.com recorded declines over the past 24 hours.

joshahmdv

Imports rose 27.3% y/y in US dollar terms, the fastest pace of growth since January, and beat economists’ forecasts of +16.2% by a large margin. Exports also topped estimates, rising 12.2% y/y, defying speculation that the imposition of the first US tariffs on Chinese imports would have an adverse effect on trade. The trade surplus narrowed to $28.05 billion,...

joshahmdv

As we predicted, the rally in GBP in the wake of the highly anticipated BoE rate hike proved short-lived and EUR/GBP has bounced back above 0.89 again. The risk premium on GBP is likely to remain elevated in the near term as Brexit negotiations move into an important period during the Autumn, and we look for EUR/GBP to remain range bound

joshahmdv

The USD/CHF pair fell to its lowest level since July 9 at 0.9868 in the early NA session but quickly retraced its losses to turn positive on the day near the 0.99 handle. As of writing, the pair was up 0.12% on the day at 0.9893.

joshahmdv

EUR/JPY extended its sell-off last week after a European Central bank rate decision that didn’t bring much by way of new information. That bearish move helped to bring to question the previous bullish trend that had started to show in the final weeks of Q2, and ran fairly-well into the first couple of weeks of Q3. As we trade into this week, and especially over...

joshahmdv

Bitcoin was trading at $7,891.2, falling 3.19% on the Bitfinex exchange, as of 8:28 AM ET (12:28 GMT). The digital coin rose above $8,000 last week amid rumors that the U.S. Securities and Exchange Commission would approve an exchange traded fund. But the ETF proposed by Tyler and Cameron Winklevoss was rejected on Thursday because regulators said it would not be...

joshahmdv

The AUD/USD pair rose above the 0.74 mark in the early NA session and went into a consolidation phase in that area as markets stay quiet ahead of important central bank events. As of writing, the pair is up 0.15% on the day at 0.7410.

joshahmdv

The British Lloyds Banking Group has announced that customers will no longer be allowed to buy virtual cryptographic currencies on credit cards!