Category Archives: Forex

forex

Five Reasons Why 2018 Could Be Best Year Yet For Cryptocurrencies

In an earlier piece for CNBC, I explained why a potential cryptocurrency bubble could burst in 2018. Many people asked me afterward: If I’m so skeptical about the space, why am I invested in it?Let me clarify. I’m someone who always calculates the potential upsides and downsides, and I think many people take unnecessary risks: […]

May Faces Difficulties Keeping Cabinet United Over Brexit

Theresa May is braced for her Cabinet to split when the European Union rejects her demands for a sweeping free trade deal, after her senior team agreed to put off the hardest Brexit decisions until later.Despite the Cabinet truce after months of internal division, three senior government officials said May will face her most challenging […]

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Loonie Strengthens After Strong Canadian Inflation Data

The Canadian dollar moved up against its major counterparts in the European session on Friday, following the release of a data showing improving domestic consumer inflation in January. Data from Statistics Canada showed that consumer prices grew 0.5 percent on a seasonally adjusted monthly basis, after rising 0.1 percent in December. Economists were looking for […]

Weekly Review: Dollar Surges as FOMC Remains Optimistic About the Economy

This week, the global financial markets continued to stabilize following weeks of increased turmoil. Here are some of the most important updates of the week. Cryptocurrencies This week, the cryptocurrencies market started positively. On Tuesday, the currencies reached a weekly high with bitcoin reaching a high of $11,797. Since then, the currencies started going down […]

USD/CAD – Loonie Rallies on Inflation Data

Statistics Canada data this morning showed that headline inflation in Canada slowed last month, while measures of underlying prices strengthened to their highest level in 18-months. Canada’s consumer-price index rose +1.7% y/y in January, following a +1.9% advance in December. Market expectations were for a +1.5% lift. On a month-over-month basis, prices rose +0.7% in […]

BITCOIN TO MAKE OR BREAK AT $9,261.1

BITCOIN TO MAKE OR BREAK AT $9,261.1 Bitcoin / Dollar BITFINEX:BTCUSD AbdiOmarONLINE BITCOIN             COULD SEE A LONG ( BULLISH ) RUN AT $9,000 OR WILL FACE A SHORT ( BEARISH ) RUN FOR A WHILE

A Guide to the Italian Election

Italians go to the polls on March 4 in an election that could either help to rebalance the political environment or send shockwaves through the country and beyond.Voting will take place between 7 a.m. (1 a.m. ET) and 11 p.m. local time. The result is not expected to be officially counted until 2 p.m. Monday, […]