Euro selling pressure struggled to sustain momentum after a 6-day losing streak brought the currency to the lowest level in three weeks against the US Dollar. Still, a break of rising trend support set from early November seems to suggest the near-term bias continues to favor weakness. A break below the 38.2% Fibonacci expansion at 1.1756 confirmed on a daily closing basis sees the next downside barrier at 1.1692, the 50% level. Alternatively, ...
The US dollar continued enjoying the optimism from the tax cuts and was not hit hard by the data. Can it continue higher? Four rate decisions await us: the SNB, ECB, BOE, and the FED, with Yellen’s last post-rate decision press conference. Can the dollar continue higher? Here are the highlights for the upcoming week. UK inflation: Tuesday, 9:30. Expectations still remain high at 3%.US PPI: Tuesday, 13:30. Another rise of 0.4% in ...
EUR/USD failed to hold onto higher ground in a mixed week. The ECB meeting is clearly the big event of the upcoming week, but not the only topics on the agenda. Here is an outlook for the highlights of this week. German ZEW Economic Sentiment: Tuesday, 10:00. A score of 17.9 points is on the cards now. The all euro-zone figures stood at 30.9 points and 30.2 is forecast now.Mario Draghi talks: Tuesday, 19:00. The president of the ...
A Bitcoin mining company in Slovenia has been hacked for the possible theft of tens of millions of dollars, just days before the virtual currency, which hit a record above US$15,000 yesterday, is due to start trading on major US exchanges. NiceHash, a company that mines Bitcoins on behalf of customers, said it is investigating a security breach and will stop operating for 24 hours while it verifies how many bitcoins were taken. Research ...
Not a beat was missed or misused across 2017, a year filled with some career bests for veteran artists and strong debuts from new ones. From political statements to pop escapism, genre lines were blurred and artistic identities were challenged. It was a year full of determined visions and standout moments. Now we have a question for you: what was the best album ...
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