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Monthly archive February, 2018

U.S. Leading Economic Index Jumps More Than Expected In January

Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Read More →

U.S. Existing Home Sales Unexpectedly Tumble 3.2% In January

Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.2 percent to an Read More →

Petro Pre-sale Raises $735 Million On First Day

The pre-sale of Venezuela's cryptocurrency evoked overwhelming response on the first day, the country's President says. Nicolas Maduro claimed that $735 million was raised within 20 hours of initial sale. Blockchain experts had warned El Petro (the Petro) is unlikely Read More →

USD short covering continues fueling the rebound ahead of fed minutes; Gold sells off

USD rebound continues, as we enter what seems to become the fourth consecutive daily gain on the US Dollar index (DXY). FOMC Meeting Minutes for the January meeting may shed some light on the faith of the USD – but Read More →

South Korea Cryptocurrency Exchange Revenue Rises 88 Times

The commission-related sales of South Korean cryptocurrency exchanges have increased by about 88 times last year compared to the previous year, a report said. South Korea's Yonhap news agency published government data collected by Rep. Park Kwang-on. Total commission-related sales Read More →

US Dollar takes a breather after seeing levels that were lowest since 2014

The USD continues to distance itself from Friday’s 3-year lows of 88.25 seen on the US Dollar index (DXY), an index which measures the strength of the USD against a basket of currencies. So far it seems we are entering Read More →