Posted by Tom on January 25, 2018

The euro dropped against its most major counterparts in the European session on Wednesday, as European shares weakened amid mixed earnings reports and weak oil prices, while investors awaited the European Central Bank decision tomorrow for more hints about its future policy outlook.
The central bank is expected to leave its main refinance rate, marginal lending rate and deposit facility rate unchanged at 0 percent, 0.25 percent and -0.4 percent, respectively. The bond buying program worth 30 billion euros per month will continue until at least September.

Posted by Tom on January 24, 2018

After a positive start to the day, the dollar has turned lower against all of its major rivals Tuesday afternoon. The continued U.S. data drought is keeping some investors on the sidelines despite the progress made by lawmakers to end the U.S. government shutdown.
The U.S. Senate voted 81 to 18 in favor of limiting debate on a short-term spending bill, which would fund the government through February 8th.

Posted by Tom on January 24, 2018

At 5.00 am ET Tuesday, Germany's ZEW economic confidence survey results have been released.
Following the data, the euro inched up against its major rivals.
The euro was trading at 1.2248 against the greenback, 135.58 against the yen, 1.1791 against the franc and 0.8780 against the pound around 5:02 am ET.
by RTT Staff Writer

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Posted by Tom on January 24, 2018

The Japanese yen reversed direction and weakened against its major rivals in pre-European deals on Tuesday, after the Bank of Japan governor Haruhiko Kuroda reiterated his commitment to continue its current monetary easing policy.
With inflation still far from 2 percent goal, the board is not in a position yet to debate the timing of an exit from ultra-easy monetary policy, Kuroda said at the press conference post-BOJ meeting.
"For Japan's economy, it's important for the BOJ to patiently continue with powerful monetary easing," he said.

Posted by Tom on January 19, 2018

The U.S. dollar dropped against its most major counterparts in the European session on Thursday, as investors weighed the likelihood of a government shutdown in the United States on Friday.
The federal government faces the threat of a shut down tomorrow, as Republican leaders scramble to get enough votes to push for a stopgap funding bill amid immigration and military spending issues.

Posted by Tom on January 18, 2018

The investing world will be presented with two new products on Wednesday that try to cash in on the blockchain technology that underlies Bitcoin.
Reality Shares Inc. and Amplify Investments LLC are launching their Exchange-Traded Funds, or ETFs, focused on investing in companies that lead in the research and development of blockchain and invest in the technology to generate revenue.
The Reality Shares Nasdaq NexGen Economy ETF will list on NASDAQ under the ticker BLCN and the Amplify Transformational Data Sharing ETF will trade under the ticker BLOK on NYSE Arca.

Posted by Tom on January 17, 2018

Private messaging app Telegram is planning a $1.2-billion Initial Coin Offering or ICO. The messaging app, with more than one hundred and seventy million monthly users, aims to find a prime place in the thriving cyrptocurrency arena.
The company is reportedly planning to develop a blockchain to combat bitcoin and ethereum.

Posted by Tom on January 12, 2018

The euro firmed against its major opponents in the European session on Thursday, after minutes from the European Central Bank's December meeting showed growing confidence among members that inflation would converge further to the Governing Council's aim, while signaling a possible tweak in language pertaining to the monetary policy stance and forward guidance this year.
The financial conditions in the euro area had remained very favourable, mainly in light of improving macroeconomic prospects, the minutes from the December 13-14 showed.

Posted by Tom on January 12, 2018

Runaway trends in the price of cryptocurrencies have brought them under the regulators' scanner in several countries, clouding the outlook for what was touted as the next big thing after Internet. South Korea and China, which are among the most active markets for cryptocurrencies, are leading the list of countries that are initiating crackdown measures.

Posted by Tom on January 11, 2018

Following the release of U.S. import and export prices for December at 8:30 am ET Wednesday, the greenback traded mixed against its major rivals. While the greenback ticked up against the euro, pound and the yen, it changed little against the franc.
The greenback was trading at 1.1996 against the euro, 111.45 against the yen, 0.9773 against the franc and 1.3526 against the pound around 8:33 am ET.
by RTT Staff Writer

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