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After two years of debates and revisions, the New York Department of Financial Services (NYDFS) released BitLicense, the world’s most awaited Bitcoin regulatory framework that many experts believe could be a prototype for other state regulators. Mr...
Dollar rally The dollar rally has run out of momentum and the large movement we have seen in Pound, Euro, Aussie seems to be over for now. There is a short squeeze going on in the Euro pairs and the single currency seem to be resilient to further down turn...
This pair has been showing significant supply at 1.25 and up, with no previous resistance, which means it isn’t overhead supply (which is usually not something to worry about). The most significant resistance is at 1.25369, which is the high of the previous supply bars...
Financial terms and organizational details of the new arrangement have not been released by either company...
"With unwavering consistency, the consensus continues to look for the CHF to weaken against the EUR, and with unwavering consistency, they are likely to be wrong again." "The specious logic of the bears is appealing...
"Fake it till you make it" - this is how the old saying goes. This time, Max Keiser and Stacy Herbert discuss the economies faking it for so long that they forgot how to make it...
According to Bloomberg: Economists forecast that the economy added 226,000 jobs in May, down from 223,000 in April, and unemployment rate is expected to stay unchanged at 5.4...
At a business conference in Washington, New York state's chief financial regulator, Benjamin Lawsky, introduced the final version of rules for businesses working in bitcoins...
Although some reports on the U.S. economy suggest it is ready for normalizing monetary policy, Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, said Thursday to CNBC that the Fed will have to launch another round of quantitative easing...
The dollar regained ground on Thursday after fresh data indicated that jobless claims in the U.S. were at the lowest level since 2000...
Chinese fresh fruit and vegetable e-commerce provider Fruitday.com announced that the company has completed its series C financing of USD70 million...
On Thursday the Bank of England announced interest rates will be unchanged at 0.5%. The Bank also maintained the size of its bond-buying stimulus programme unchanged at £375bn. The pound sterling remained higher against the dollar after the news...
According to analysts, soft global economic growth and oil surplus will limit oil prices at around $60 for the rest of this year...
US DOLLAR TECHNICAL ANALYSIS Prices turned sharply lower, producing the largest decline in close to three months. A daily close below the 23.6% Fibonacci retracement at 11918 exposes the 38.2% level at 11841. S&P 500 TECHNICAL ANALYSIS Prices remain in consolidation mode...
Thursday marked the third session of rally for Germany's bond yields after European Central Bank President Mario Draghi said Wednesday that investors would have to get used to volatility in financial markets. Euro hit the highest level since May 18...
According to the recent report by the World Gold Council, strong and robust gold mining sector is necessary to maintain healthy global economy, as the gold mining industry was directly responsible for contributing $83.1 billion to the global economy in 2013...
The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% Fib at 1.1202 opens the door for a challenge of the 1...
Gold prices were steady near a three-week low touched in the previous session on Thursday, traders were keeping an attentive eye on developments surrounding negotiations between Greece and its international creditors...
On Thursday the euro touched a high of nearly five months against the yen in Asia trade as the single currency reversed the losing course against other currencies following revisions to the eurozone’s inflation forecasts...
