Author Archives: Mr Bitcoins

Dollar Still on the Downside After Weak U.S. Data By Investing.com

© Reuters. Dollar remains broadly lower, U.S. data supports Investing.com – The dollar was still on the downside against other major currencies on Friday, after the release of disappointing U.S. manufacturing activity data and amid fresh concerns over U.S. tax reform plans. The New York Federal Reserve reported on Friday that its Empire State manufacturing index fell to in December from 19.4 the previous month, confounding expectations for a reading of 18.6. The greenback had already come under pressure after two U.S. Republican senators on Thursday to […]

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Empire State Index Continues to Slide in December By Investing.com

© Reuters. Empire State manufacturing index drops to 18.0 vs. 18.6 forecast Investing.com – Business activity in New York State declined for a second-month running and came in below consensus, according to a report released on Wednesday. The New York Federal Reserve reported that its Empire State manufacturing index fell to in December from the prior 19.4. That was below consensus expectations for a reading of 18.6 and was the second consecutive month of declines after business activity in the region hit a three-year high of 30.2 […]

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Britain’s Prince Harry and Meghan Markle to marry on May 19 By Reuters

© Reuters. Britain’s Prince Harry and Meghan Markle to marry on May 19 LONDON (Reuters) – Britain’s Prince Harry and his American fiancée, Meghan Markle, will marry on May 19 next year, Kensington Palace said on Friday. Queen Elizabeth’s grandson, fifth-in-line to the throne, and Markle, who stars in the U.S. TV legal drama “Suits”, announced their engagement last month with the marriage to take place at Windsor Castle. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily […]

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UK households turn downbeat about finances as Brexit weighs: BoE survey By Reuters

© Reuters. Bank of England Governor Mark Carney speaks during the Bank’s financial stability report at the Bank of England in the City of London LONDON (Reuters) – More households in Britain expect a deterioration in their finances than an improvement for the first time in three years, with much of it linked to the Brexit vote in 2016, a survey published by the Bank of England showed. The fall reflected how households felt about their personal finances over the past 12 months and a loss of […]

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Dollar Close To Week’s Lows; EU Leaders Decide On Brexit

Here are the latest developments in global markets: FOREX: The was not much changed after hitting an eight-day low against a basket of currencies yesterday on uncertainty over the passage of tax reforms. Kiwi/dollar advanced after New Zealand’s finance minister expressed no concerns about a rising currency. STOCKS: The lost 0.6% and the was down by 1.1%, with Asian markets mostly on the decline. were 0.25% lower at 0723 GMT, with futures on the being up by 0.25% and as well as contracts both trading higher by […]

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Bitcoin hits new record high as warnings grow By Reuters

© Reuters. Bitcoin hits new record high as warnings grow LONDON (Reuters) – blasted to another all-time high of just over $17,750 on Friday, up 8 percent on the day, as concerns grew over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering price rises – more than 1,700 percent since the start of the year – have driven worries that the market is a bubble that could burst in spectacular fashion. Bitcoin has climbed more than 77 percent so far in […]

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Euro Slips As ECB Says Stimulus To Stay

The euro has steadied in the Friday session, after losing ground on Thursday following the . Currently, is trading at 1.1796, up 0.15% on the day. After a busy week with rate announcements from the Federal and the ECB, Friday is a light day. The sole eurozone event, , looked weak as the trade surplus fell to EUR 19.0 billion, well off the estimate of EUR 24.4 billion. This marked a 3-month low. In the US, the key event of the day is the , which is […]

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Gold’s Rebound Stops Short Of Resistance

Since the September high, has ‘only’ managed to shed 7.6% in value (if we look past the 9.1% it achieved by Tuesday’s low at the $1236.32). It was thanks to Wednesday’s that gold bugs were given a reprieve from bears as traders were positioned for a more hawkish meeting before broad USD weakness ensued. So, with momentum generally favoring the bears, we’re seeking a suitable opportunity to join them. The daily timeframe has provided two prominent bearish legs since the September highs, which were separated by a […]

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What The Yield Curve Can Tell Us About The Boom-Bust Cycle

The central bank is not the root cause of the boom-bust cycle. The root cause is fractional reserve banking (the ability of banks to create money and credit out of nothing). The central bank’s effect on the cycle is to extend the booms, make the busts more severe and prevent the investment errors of the boom from being fully corrected prior to the start of the next cycle. Consequently, there are some important relationships between interest rates and the performance of the economy that would hold with […]

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Dollar Remains Moderately Lower in Cautious Trade By Investing.com

© Reuters. Dollar still on the downside as tax reform worries weigh Investing.com – The dollar remained moderately lower against other major currencies on Friday, amid fresh concerns over U.S. tax reform plans and as the Federal Reserve’s most recent policy statement continued to weigh. The greenback came under pressure after two U.S. Republican senators on Thursday to the proposed U.S. tax reform bill. The bill needs a simple majority to pass in the Senate, in which Republicans hold just 52 of the 100 seats. On Wednesday, […]

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