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Dollar eases as soft CPI data cools off 4 rate hike scenario

The dollar rally eased on Monday with forex investors scaling back on bets that the U.S. Federal Reserve will launch a series of rapid rate hikes this year pushing U.S. yields lower.

The dollar index against a basket of Read More →

Buffett, Munger And Gates Slam Bitcoin Again

Billionaire investor and Berkshire Hathaway CEO Warren Buffett, his confidant Charlie Munger and Microsoft co-founder Bill Gates damped the recent rally in cryptocurrencies with their renewed criticism. At he Berkshire annual shareholder meeting on Saturday, Buffett said that Bitcoin was Read More →

Cryptocurrency Daily Roundup – May 8

Bitcoin started Tuesday in the red, while Ethereum was moving higher as markets were relieved after the rumored SEC hearing on its status as an asset never took place. Boosting confidence was the news that new head of South Korea's Read More →

NYSE Parent Working On Bitcoin Trading Platform: NYT

Intercontinental Exchange, or ICE, the parent of the New York Stock Exchange, is developing an online Bitcoin trading platform for block trades, in further signs of mainstream financial world warming up to the wild sphere of cryptocurrencies. The platform under Read More →

U.S. Producer Prices Inch Up 0.1% In April, Slightly Less Than Expected

A report released by the Labor Department on Wednesday showed a modest uptick in U.S. producer prices in the month of April. The Labor Department said its producer price index for final demand inched up by 0.1 percent in April Read More →

GBP dips as BoE remains on hold slashes growth; Tepid US CPI does not help USD

The Bank of England left rates unchanged yesterday and slashed growth projections, the GBP retreated across the board and hit its lowest in these last 4 months. The british central bank lowerly revised its growth and inflation outlook for 2018 Read More →