
Billionaire and ex-fund manager Mike Novogratz has unveiled the launch of a cryptocurrency "merchant bank."
via CoinDesk
The Bank of Japan triggered a “mini taper tantrum” with its tests. In addition, the news about China’s intention to slow buys of US Treasuries also played its part in pushing USD/JPY lower. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research discusses USD/JPY outlook and notes that the JPY is the [...]
The post Scope For Further JPY Strength Towards 110 After BoJ’s Move – BTMU appeared first on Forex Crunch.
Ripple, the cryptocurrency that will potentially back bank transactions in Japan and elsewhere, became a darling of the cryptocurrency world in late 2017 and early 2018. The price more than quadrupled from the lows of crypto-crash of December 22nd, when XRP/USD traded around $0.82 to the peak of $3.24. And this isn’t just an emerging [...]
The post Why is Ripple plunging? 4 reasons and levels to watch appeared first on Forex Crunch.
The report that China will slow or halt purchases of US bonds sent the dollar tumbling down across the board. The moves are quite significant and we are seeing nice reversals. We noted that EUR/USD has an impressive technical behavior so far in 2018. The world’s most popular currency pair seems to respect technical levels [...]
The post Chinese USD Crash: EUR/USD jumps over one resistance line, halts at 1.20 for now appeared first on Forex Crunch.
According to a report by Bloomberg, China is considering a halt or at least a slowdown in buying US treasuries. The report cites people familiar with the matter, saying that US government bonds are becoming less attractive in comparison with other assets. Perhaps worse off, they also cite trade tensions with the US as a reason for [...]
The post USD crashes on report that China will halt buying US bonds – updates on 5 pairs appeared first on Forex Crunch.
Pound/dollar remains under pressure and it is now trading under the round number of 1.35. At current levels, this is a drop of around 50 pips on the day. The low so far is 1.3489. The latest trigger came from the mediocre data released in Britain, but worries about Brexit push Sterling down. In addition, [...]
The post GBP/USD slips under 1.35 amid more mediocre data, rising US yields appeared first on Forex Crunch.