
CoinDesk offers a high-level overview of the coming Segwit2x fork, how it differs from the hard forks before it and what it might mean for bitcoin.
via CoinDesk
The Fed meeting in November was never expected to provide ground-breaking news. The FOMC does not make statements without an accompanying press conference and the dot plot, even though they insist that every meeting is a live one. However, this meeting could cement the decision to raise rates. In the unlikely event that they do [...]
The post Fed: 4 reasons to cement the hike, one reason to send the dollar down appeared first on Forex Crunch.
The pound is facing a rate hike for the first time since the crisis. And the big question is: what’s next? Here is the view from ING: Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses GBP/USD outlook ahead of the BoE November policy meeting on Thursday. “BoE officials will need to [...]
The post GBP/USD: ‘Gotta Have Faith’ To Go Long Sterling On ‘Carney Put’ – ING appeared first on Forex Crunch.
More good news from the US: consumers were more confident in October according to the CB Consumer Confidence: a score of 125.9 points. September’s score was revised up to 120.6. The US dollar is slightly higher, but the moves are not huge. There are bigger events this week. The Conference Board’s consumer confidence measure for October [...]
The post US CB Consumer Confidence beats with 125.9 – USD ticks higher appeared first on Forex Crunch.
A disappointing read from Canada: the economy shrank in August by 0.1%. In addition, producer prices are down 0.3% against +0.4% predicted. USD/CAD jumps above 1.29 from 1.2840 ahead of the publication. The Canadian dollar remains under intense pressure. More: USD/CAD: 4 Reasons To Sell The Loonie – CIBC Canada was expected to report a minor [...]
The post Canadian GDP falls 0.1% – CAD follows appeared first on Forex Crunch.
Mixed data from the euro-zone: strong growth but weak inflation, similar to other regions in the world. GDP is up 0.6% in Q3 2017, better than 0.5% expected and on top of an upward revision for Q2: 0.7%. The unemployment rate is down to 8.9%, also beyond expectations. However, inflation came out below expectations: 1.4% [...]
The post Euro zone GDP beats with 0.6%, but inflation slips to 1.4% appeared first on Forex Crunch.
EUR/USD is trading around 1.1640 after bouncing off the lows of 1.1575. The pair has licked its wounds related to the Draghi’s open door for further bond buying beyond September 2018. It is not spooked by Halloween. Support awaits at the 2016 high of 1.1620 and resistance is at 1.1670. Further resistance is only at [...]
The post EUR/USD not spooked amid French GDP, Catalan news appeared first on Forex Crunch.