
The price of bitcoin is down more than 25 percent from its recent all-time highs, spurred by futures listings from major derivatives exchanges.
via CoinDesk
Anti-independence Ciudadanos are expected to get 34-37 seats in the Catalan parliament that has 135 seats. The pro-independence left-leaning ERC is on course to come second with 34-36. Next in line are pro-independence Junts per Catalunya with 28-29. Then come the pro-Spain socialists with 18-20. These are not exit polls but a wide poll of [...]
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The mix of inflation and retail sales releases in Canada hasn’t always been favorable for the Canadian dollar. In many cases, the data that fell short of expectations overshadowed the better than expected publication. And in other cases, both figures chased each other to the bottom. This is not the case this time. CPI beat [...]
The post USD/CAD crashes on excellent Canadian retail sales, CPI data appeared first on Forex Crunch.
3.3% was expected, so this is a small downgrade. The core PCE was also downgraded from 1.4% to 1.3%. The deflator remained unchanged at 2.1%. In a separate release, we learned that jobless claims rose from 225K to 245K, worse than 231K projected. The US dollar is slightly lower. EUR/USD bounces to 1.1867. GBP/USD is [...]
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Technical analysis on bitcoin is often hard as the cryptocurrency just breaks new records. Using Fibonacci and other technical tools to estimate the next peak were not that fruitful. But as the coin becomes more mainstream and trading volume rises, there are also quite a few ups and downs which make it somewhat easier to analyze. [...]
The post BTC/USD technical charts look more rational and they point down appeared first on Forex Crunch.
The New Zealand economy grew by a healthy 2.7% y/y, better than 2.4% expected in Q3 2017. In addition, the reading for Q2 was revised up from 2.5% to 2.8%. While Q3 q/q growth came out “only” at 0.6% that was expected, the current yearly levels and the prospects look bright as New Zealand enjoys [...]
The post NZD/USD rises with upbeat growth, but 0.70 is a tough nut to crack appeared first on Forex Crunch.