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Monday, 23 July 09:19 (GMT -05:00)



Foreign exchange market

Tillerson Gets Fired, Dollar Responds with a Drop


International investors are concerned about Donald Trump’s decision to fire another high-ranking politician from his administration. This time it was Rex Tillerson. He used to serve as the U.S. Secretary of the State, which means he used to be responsible for the United States’ foreign affairs. Later on, Donald trump tweeted that he was going to make Mike Pompeo the next Secretary of the State. For those of you who don’t know, Mike Pompeo used to serve as the Director of the Central Intelligence Agency.
 
At the same time, NordFX experts report that the U.S. Dollar responded to the news with a bearish move. The U.S. stock market showed weakness as well.

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The USD index, which indicates the U.S. Dollar exchange rate against a basket of 6 other majors, dropped down to the 72-hour low shortly after the news. Because of that, S&P 500 started the trading day lower than expected.
 
Some experts believe that more and more high-ranking politicians with moderate views have been ousted from Donald Trump’s administration. This tendency has been raising a lot of concerns regarding the possibility of more radical forces occupying the U.S. political circles.
 
According to the latest report provided by Market Leader, the 10-year Fed bond yield dropped down to 0,03% down to 2,84% the other day. The situation is believed to have also been affected by an inflation slowdown. The MSCI All-Country World index, reflecting the stock market situation in 45 countries of the world, gained over 0.1% shortly after the news about Rex Tillerson. At the same time, European stock markets opened slightly above the close of the previous trading day, even though they dropped a bit alter on the day.
 
It should be noted that the global index managed to regain almost half of the lost value during February’s bearish market. Massive sellouts took place amid strong American payroll figures. International investors start being afraid of stronger inflation and faster monetary toughening by the Federal Reserve.
 
The experts working for the Organisation for Economic Co-operation and Development (OECD) has raised their forecast for the global economic growth in 2018. At the same time, they stated that the Federal Reserve would probably have to implement 4 interest rate hikes this year amid stronger inflation.
 
European stock index STOXX 600 dropped by 0,2% on the trading day. Asian stock index MSCI gained 0.2%. The U.S. Dollar dropped against the common European currency. Brent oil futures lost around 0,5% after dropping from 61,01 to 64,60 dollars per barrel. On the contrary, gold appreciated a bit after the news about Rex Tillerson.

 

 

 

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Bitcoin Gets Cheaper on News about Hacking Swiss Cryptocurrency Exchange Bancor

On July 11th, Bitcoin and other altcoins continued their downtrend started on Monday. International experts say that the biggest reason for that is the news on hacking a Swiss crypto exchange known as Bancor. In particular, they say, the hackers stole 23,5 million dollars in crypto coins.

Publication date: 12 July 11:32 AM

Bitcoin Rate Reaches 6700 USD/BTC

At the end of the trading week, the BTC exchange rate reached 6700 USD/BTC. The entire cryptocurrency market showed confident growth as well.

Publication date: 08 July 07:56 AM

This week Bitcoin may raise to 7000 USD/BTC

 This week, Bitcoin may grow in value all the way up to 7000 USD/BTC, some experts say. As you probably know, the past trading week wasn’t successful for the world’s first cryptocurrency, as well as for the rest of the crypto market. 

Publication date: 25 June 10:41 AM

UK to Start Litcoin Futures Trading

Starting from tomorrow, international investors will be limited only to buying Bitcoin futures. The thing is, on June 22nd, a UK-based crypto futures platform named Crypto Facilities launches Litecoin futures.
 
Publication date: 21 June 01:06 PM

Will Bitcoin Dive Below $6000?

Publication date: 19 June 12:42 PM

Today’s Bitcoin Rate Signals Growing Risks in Banking Sector

Yesterday, the BTC exchange rate suddenly started growing, probably as a part of a recovery move against the existing downtrend. According to CoinMarketCap, the current BTC exchange rate is somewhere above 7500 USD/BTC. Over the last 24 hours, the world’s first cryptocurrency has gained some 5%, trying to recover from May’s downtrend (in case you don’t know, the coin has lost 20% since early May before starting to recover yesterday).

Publication date: 31 May 08:33 AM

Bitcoin Goes Down Before Another Rally?

The BTC exchange rate keeps on going down while being driven by a number of factors and circumstances. International experts say that the price of the world’s first and most popular cryptocurrency is currently going down just to gain some momentum later and skyrocket to new highs.

Publication date: 29 May 11:19 AM

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