
The crypto markets aren't small business anymore – here, one of the ecosystem's earliest traders recaps 2017's wild rise to the financial mainstream.
via CoinDesk
Some dovish members see a change in long-term inflation expectations. There has been no progress on understanding the low level of inflation that Yellen called “mysterious” in the past. The majority are still confident that inflation will reach 2% in the medium term. The hawkish group is more concerned a more severe undershoot in the [...]
The post FOMC Meeting minutes show a divided committee – USD ticks up appeared first on Forex Crunch.
The price of Ripple did not stop after conquering the second place from Ethereum. The cryptocurrency that is gaining interest from Japanese banks continues rallying with XRP/USD hitting a high of $2.65. The previous record was $2.49, in a double-top formation that did not last for too long. The cross-border payments solution for big banks [...]
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The US manufacturing sector is looking good, at least according to ISM. The manufacturing purchasing managers’ index jumped to 59.7 points, reflecting robust growth in this small but important sector. It is a beat on 58.2 that was seen in November and a similar number that was on the cards now. The internal components are [...]
The post ISM Manufacturing PMI beats with 59.7 – EUR/USD hardly holds 1.20 appeared first on Forex Crunch.
Markit’s second purchasing managers’ index for December wasn’t better than the first one. Manufacturing PMI fell by 2 points in the last month of 2017 and the construction PMI also missed. It fell from 53.1 to 52.2 points, short of 53 predicted. GBP/USD had already challenged the initial mid-September high of 1.3615 but it fell [...]
The post GBP/USD limited at resistance after construction PMI appeared first on Forex Crunch.
A new star shines in the world of cryptocurrencies: Stellar. The shiny cryptocurrency with its XLM coins now has a market cap of nearly $14 billion US dollars and has beat litecoin, NEM, IOTA, and Dash to reach the sixth place in terms of market capitalization. The battle with litecoin continues and both digital currencies [...]
The post Stellar coin price: XLM/USD leaps some 40%+, battles litecoin for 6th place appeared first on Forex Crunch.
After Cardano coin’s market cap surpassed that of litecoin, the digital coin continues to higher and higher ground. The price of the Cardano coin is up some 30% in the past 24 hours, already worth around $0.92, getting closer to parity with the US dollar. The ADA coin’s leap sends the market capitalization to $24 [...]
The post Cardanao price surges another 30% on first use case – market cap half of bitcoin cash appeared first on Forex Crunch.