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Sunday, 27 May 03:37 (GMT -05:00)



Foreign exchange market

Both Gold and Dollar Go Down in Advance of Fed Meeting


Interestingly enough, despite having a negative correlation, both the U.S. Dollar and gold started going down in value against other majors earlier today. International experts assume that there are several factors pressing down these assets.
 
One of the key of tem is believed to be the forthcoming Fed meeting scheduled for the next week. This meeting is going to be decisive for the interest rates since the Fed will consider the option of implementing another interest rate hike. This decision will definitely affect all the financial markets out there. With that said, more and more traders and investors are reducing their exposure to the market amid this uncertainty.
 
Earlier today, the Comex gold futures for April delivery lost $0,6 (0,04%) and dropped in value down to $1317,2/oz. At the same time, the common European currency increased in value against the U.S. Dollar (from 1,2305 to 1,2311). The American currency also lost a bit of its value against the Japanese Yen (from 106,34 down 105,92). The USD index, which reflects the exchange rate against a basket of 6 other major currencies, dropped by 0,06% down to 90,0 points.

as for the expected Fed interest rate hike, over 90% of the interviewed CME Group experts assume the Fed is going to increase the key interest rate up to 1,5-1,75%. If that’s the case, this is going to push the dollar higher and press gold further down. At the same time, international traders and investors are waiting for the new Fed chairman to comment on the Fed’s future policies.


there is another major factor creating concerns and pressing the assets further down. The Washington Post claims that Donald Trump is considering the option of dismissing his advisor for national security. Such major changes in the administration have been causing market panic in the global financial markets.

 

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Masterforex-V Analysts name Successful ICOs in May 2018

For those of you who don’t know, an Initial Coin Offering (ICO) is all about raising funds. To be more specific, startups sell their underlying crypto tokens in exchange for existing crypto currencies, mostly Bitcoin, Ethereum and other altcoins out there. This resembles an IPO in the stock market where investors buy a newly offered stock.

Publication date: 23 May 12:14 PM

Bitcoin Will Hit $20K, CoinShares Says

Bitcoin is really capable of getting back to the all-time high at $20K per coin. This is what founder of Coinshares Danny Masters thinks on the matter. He is not a rookie in this business. His company has been creating investment products for the cryptocurrency market and conducting blockchain-related research for years. Mr. Masters believes in the future of Bitcoin and altcoins. However, he thinks the market is yet to pass a few development stages. 

Publication date: 20 May 08:38 AM

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies

Soon enough, maybe this fall, German stock exchange Börse Stuttgart is going to start working with cryptocurrencies. For that purpose, the exchange is expected to use its branch. Trading cryptocurrencies will be implemented through the Bison app. The expected trading turnover is around 100 billion dollars.

Publication date: 17 May 12:00 PM

Bitcoin Goes Down, Getting Closer to 8000 USD/BTC

Earlier today, the world’s first and most expensive crypto currency was going down while continuing the downtrend seen a day before. According to CoinMarketCap, the BTC exchange rate dropped below 8300USD/BTC, though it recovered a bit later on. Over the last 24 hours, the currency lost more than 5% of its dollar value. 

Publication date: 16 May 11:51 AM

Bitcoin Rallies Despite Criticism from Buffet and Gates

This trading week, Bitcoin is unlikely to conquer another major threshold located at 10000 USD/BTC. The thing is that some Bitcoin investors were cooled down by the statements made by investment guru and billionaire Warren Buffett, founder of Berkshire Hathaway, as well as by Bill Gates, founder of Microsoft and one of the richest people on the planet.

Publication date: 10 May 09:05 AM

Will Bitcoin Rate Exceed $10K This Week?

This week, the BTC exchange rate may well break above 10000 USD/BTC, most of the experts interviewed by PRIME think.

Publication date: 09 May 12:51 PM

Bitcoin Prospects Look Vague Against Altcoins

The situation in the global market of cryptocurrencies has been changing for a while. Bitcoin seems to be gradually losing its status of the world’s biggest and most popular digital currency.

Publication date: 05 May 10:53 AM

Bitcoin Exchange Rate Goes Up Rapidly, Over $9600 Already

Over the last few days, the Bitcoin exchange rate has been going up continuously. On Thursday, the rate conquered two strong levels of resistance at 9300 and 9400 dollars respectively. On Friday morning, the rate changed to 9600 dollars and continued its way up to new local highs.

Publication date: 04 May 02:08 PM

Sebastian Forbes: Global Banking System Lags Behind Cryptocurrency Era

10 years ago, nothing foreshadowed any changes in this area. 5 years ago, the first notes of change appeared. Today, the World Bit Bank project is ready to bring about major changes in this sphere. However, this will change your understanding of finances and banks.

Publication date: 03 May 09:36 AM

Masterforex-V Experts Name Most Successful ICOs in April 2018

Blockchain, cryptocurrencies, and all the related infrastructure have broken into our lives and have been dominating international headlines ever since. Despite the fact the technology is still in its infancy, many people all around the globe have been trying to make money by investing in related projects.

Publication date: 26 April 04:47 AM