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- Written by Truman
- Category: Forex
The Russian Ruble fell around 4% against the USD after the latest sweeping U.S. sanctions from the US. Russia's largest aluminium producer Rusal plunged into crisis leading to panic selling and contagion spread to other companies and bond and FX markets.
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- Written by ClemSnide
- Category: Forex
Reports that the White House at next week’s summit of the Americas in Peru wants to present a preliminary NAFTA agreement saw the CAD and MXN rise against the dollar yesterday on the more conciliatory tone of the US.
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- Written by ClemSnide
- Category: Forex
“One area that the Federal Reserve is monitoring is the extreme volatility evidenced by some cryptocurrencies,” Federal Reserve Governor Lael Brainard said speaking at New York University’s Stern School of Business.
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- Written by Truman
- Category: Forex
Bored by Stormy US politics? Get ready for the Brazil Presidential elections in October. The leader in the polls is a former President is free now but may be locked up in prison. Donald Trump and Hilary Clinton must smile at former President Luiz Inácio Lula da Silva.
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- Written by Corporal
- Category: Forex
China’s Foreign Exchange reserves fell by USD27bn in February, the first monthly decline since January 2017. The reaction from the market has been to see as a valulation event rather than as a reflection of capital outflows.
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- Written by Helmholtz Watson
- Category: Forex
European Central Bank policymaker and President of the National Bank of Austria Ewald Nowotny continued with his theme of accusing the U.S. of intenionally influencing the U.S. dollar lower.
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- Written by Super Harley
- Category: Forex
2017 finished with what can best be described as a crypto mania. Seems everyone was talking Bitcoin. Companies were adding blockchain to their title and seeing their stock go up 400% on nothing but a name change. But this was different this time! Apparently not.
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- Written by The Bipolar Trader
- Category: Forex
Apparently Bitcoin is worth something and legimate enough to sell. The US attorney's office announced plans to sell 513 Bitcoin worth more than $8.5 million siezed in a drug and money laundering case. Don't tell the SEC.
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- Written by Super Harley
- Category: Forex
Bitcoin has become a phenomenon in 2017, the longevity of cryptocurrencies is one of the most polaring topics of the year. The key lies in China where about 58% of the world’s large cryptocurrency mining pools are located, the U.S. has 16%.
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- Written by ClemSnide
- Category: Forex
It has been a wild few weeks for Crypto currencies, coming to a crescendo and crash on Friday. Coinbase began having interruptions with the collapse of Bitcoin and made an announcement 11:11 a.m. ET that "all buys and sells have been temporarily disabled."
