
High stakes altcoin investor Willy Woo has the math to back up his (at times turbulent) investment thesis.
via CoinDesk
Bitcoin is not alone in setting new records at very round levels. The price of the second most popular cryptocurrency, Ethereum, is trading above $500. The high so far is $548 but liquidity remains relatively low. The rise today is 8%, below the advance of around 13% that bitcoin is experiencing. But looking at the [...]
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New York Fed President Bill Dudley said that perhaps the Federal Reserve should start thinking about its own digital currency. He acknowledges the value of blockchain technology. BTC/UDS is now at 11111.11 US dollar and continues climbing more coming
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Fed Chair Janet Yellen sounds slightly more optimistic than last week. The changes may be very subtle, but they are enough to support the dollar. The greenback is already enjoying optimism that Congress will eventually pass a significant tax cut. The greenback is gaining across the board. Yellen’s prepared statement towards her testimony later on [...]
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The US economy grew at an annualized rate of 3.3% in Q3 2017 according to the updated estimate. This is slightly better than 3.2% that was expected and above 3% originally reported. Q2 saw 3.1%. Corporate profits are up but not as much as beforehand. 4.3% q/q, 5.4% y/y. The US dollar was already gaining [...]
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A better than expected inflation read from Germany: annual inflation is now 1.8%, a jump from 1.5% in October. Month over month, prices are up 0.3%. We have the same numbers in both the national and HICP measures. EUR/USD is not really enjoying it, extending the slide and reaching 1.1835. Germany was expected to report a [...]
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Pound/dollar is at its highest level in two months, settling above the 1.34 level after posting a high at 1.3430. The driver is clear: reports about the UK agreeing to high divorce bill. This, in turn, unlocks the next stage of the talks regarding future negotiations. Yet perhaps Christmas came too early for the pound. [...]
The post Celebrating too soon? Sell opportunity on GBP/USD appeared first on Forex Crunch.
A report about the British government accepting to pay a high Brexit divorce bill sent the pound higher. And now it is taking another leg up. Pound/dollar is already trading at 1.3415 1.3428, the highest in around two months. An outline of the Brexit divorce bill is much closer to the EU demands of 60 [...]
The post GBP/USD breaks to a two-month high on Brexit bill deal hopes appeared first on Forex Crunch.