
A New Jersey pastor convicted of accepting bribes from the now-defunct bitcoin exchange Coin.mx has been sentenced to five years in prison.
via CoinDesk
In our preview of the Bank of England, we suggested that the recent rise may trigger a sell-off as the news comes out. Here is a similar view from TD: Here is their view, courtesy of eFXnews: TD FX Strategy Research discusses GBP outlook ahead of the BoE November policy meeting on Thursday. “We expect [...]
The post GBP/USD: Vulnerable To A Pullback On A Sell-The-Fact Reaction Post BoE – TD appeared first on Forex Crunch.
The FOMC is expected to leave the interest rate unchanged in its November meeting. The Fed will not release new forecasts nor hold a press conference. Nevertheless, the team led by Chair Janet Yellen is set to cement their the intention to raise rates in December. Here is the preview: Fed: 4 reasons to cement the [...]
The post Fed November decision – live coverage appeared first on Forex Crunch.
A significant drop in the ISM manufacturing PMI, but it remains robust. The figure fell from 60.8 to 58.7, lower than 59.6 expected. In any case, the number remains well above the 50-point threshold that separates expansion from contraction. The prices component beat expectations with a strong 68.5, new orders dropped to 63.4, and the [...]
The post ISM Manufacturing PMI misses with 58.7 – USD ticks lower appeared first on Forex Crunch.
The Bank of England is set to raise the interest rate on November 2nd, 2017, more than 10 years and 4 months after the previous hike. The move was well-telegraphed by the BOE since their previous meeting in October. In addition, recent economic figures support a rate rise: GDP beat expectations in Q3 with a [...]
The post BOE hike preview: buy the rumor, sell the fact? appeared first on Forex Crunch.
The US gained 235K private sector jobs in the month of October, better than expected and a big compensation for September. The hurricanes-impacted previous month saw only 110K positions filled according to the downward-revised figure. The US dollar is marginally higher against the Japanese yen and is not moving too much against other currencies. Here [...]
The post ADP Non-Farm Payrolls beats with 235K – USD/JPY extends its gains appeared first on Forex Crunch.
The pound was already on the up and up and now it has another reason to rise. The manufacturing PMI for October came out at 56.3 points, better than 55.8 expected and on top of an upwards revision for September, from 55.9 to 56. This is the first out of three purchasing managers’ indices. GBP/USD [...]
The post UK manufacturing PMI beats with 56.3 – GBP looking good appeared first on Forex Crunch.
The New Zealand dollar was hit hard by the elections, which eventually saw a change of guard at the top. Yet the economy also makes its mark on the kiwi dollar. New Zealand reported a rise of 2.2% in employment, far better than 0.8% that was expected and recovering from a small drop beforehand. Year [...]
The post Kiwi comeback: Politics isn’t everything appeared first on Forex Crunch.