
A long-running cryptocurrency exchange in Pakistan is closing its door following a new advisory from the country's central bank.
via CoinDesk
The US economy gained fewer jobs than estimated: only 103K in March 2018. The unemployment rate remained unchanged at 4.1%. However, wages are up 0.3%, better than had been expected. Year over year, salaries are up 2.7%, up from 2.6% but exactly as projected. The US dollar initially dropped on the news but is recovering [...]
The post Non-Farm Payrolls only 103K, wages +0.3% – USD slides appeared first on Forex Crunch.
Canada sees a healthy rise in jobs: 32.3K in March, above 20K expected. The unemployment rate remains at 5.8% as predicted with no change in the participation rate, at 65.%. There is some good news in the composition of the positions: 35.9K part-time jobs were lost while no less than 68.3K were gained. Such big moves [...]
The post Canada gains 32.3K jobs – USD/CAD falls appeared first on Forex Crunch.
Heightened economic uncertainty coupled with the ‘Beast from the East’ storm weighed on U.K economic growth in the month of March. The construction Purchasing Managers’ Index contracted to 47 in March, down from 51.4 recorded in February, while the manufacturing PMI remained unchanged at 55.1 and services sector grew at 51.7, also down from 54.5 filed in February, the [...]
The post U.K’s Economic Fundamental Weakens in March; Pound Dips appeared first on Forex Crunch.
EUR/USD is grinding its way lower. Did it pick a new direction or is the move only temporary? And how will it react to trade wars? Here is their view, courtesy of eFXnews: Danske Research discusses EUR/USD outlook in relation to the recent trade wars developments between the US and China. Two scenarios for the US-China [...]
The post EUR/USD: A Grand Bargain Scenario Vs Outright Trade War Scenario – Danske appeared first on Forex Crunch.