
The Reserve Bank of India (RBI) has issued a new warning on cryptocurrencies, the second time this year the central bank has done so.
via CoinDesk
Bitcoin is worth more than 12,000 dollars. It seems that “there is no such thing as bad publicity” for the cryptocurrency. Some analysts talk about BTC/USD going above one million dollars. Others see it crashing. The publicity which includes the new records triggers a “fear of missing out” or FOMO. Even those that fear that [...]
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The Australian dollar enjoyed positive news out of the land down under and advanced quite nicely. But it can return to the downside as well, especially if GDP disappoints. Here is the view from Nomura: Here is their view, courtesy of eFXnews: Nomura FX Strategy Research discusses AUD outlook into year-end and thinks that the relative AUD [...]
The post AUD: 2 Key Drivers To Continue Undermining AUD; What’s The Trade? – Nomura appeared first on Forex Crunch.
The services sector is slowing down according to the ISM Non-Manufacturing PMI: a score of 57.4 points is significantly lower than a slide from 60.1 to 59 was expected. The high score of October was the best since 2005, so a drop from the sky-high levels is not a that bad on its own. The [...]
The post ISM Non-Manufacturing PMI misses with 57.4 – USD slides appeared first on Forex Crunch.
The services sector growth is slowing down according to Markit, with a score of only 53.8 points in November. In fact, the score is back down to previous levels, showing that optimism in October was a one-off. The pound is more attuned to the Brexit developments but still ticks down a few pips on the [...]
The post UK Services PMI misses with 53.8 – GBP struggles appeared first on Forex Crunch.