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A survey conducted by a start-up Cryptocurrency mining firm about Bitcoin found that majority of the respondents have an optimistic future for the leading cryptocurrency. Twenty six percent of those who were surveyed believe bitcoin will cross $25,000, while 10 percent said the Bitcoin value will go above $35,000. Almost 9 percent think it will go beyond $45,000. According to 15 percent, the digital coin will go no higher than $15,000, and 5 percent think it will not rise above $10,000. Only 2.5 ...
The manufacturing sector in China continued to expand in April, and at a barely faster rate, the latest survey from Caixin revealed on Wednesday with a manufacturing PMI score of 51.1. more...
A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. increased by less than expected in the month of March. more...
Chicago-area business activity grew at a slightly faster rate in the month of April, according to a report released by MNI Indicators on Monday. more...
Trading the News: U.S. Gross Domestic Product (GDP) Updates to the U.S. Gross Domestic Product (GDP) report may curb the recent weakness in EUR/USD as the growth rate is anticipated to slow to an annualized 2.0% from 2.9%. Bear in mind, market participants may put greater emphasis on the core Personal Consumption Expenditure (PCE), the Fed’s preferred gauge for inflation, as the reading is projected to increase 2.6% during the first three-months ...
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