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The U.S. dollar took flight on Monday as political uncertainties in Europe— Italy’s budget dilemma and Brexit—drove the British pound and euro lower against key rivals.
Bitcoin, (BTCUSD) the world’s largest digital currency, was last fetching $6,358.42, up 0.3% since Sunday at 5 p.m. Eastern Time on the Kraken exchange. Over the weekend, the price of a single bitcoin slipped below $6,300 for the first time since Oct. 31. Speaking at the New York Times Luxury Conference on Monday, Joseph Lubin, the co-founder of ethereum, said blockchain, the technology that underpins all cryptocurrencies, has the potential to create wealth.
A buoyant U.S. dollar, helped by uncertainties in the eurozone, is weighing on the British pound and making this Monday a painful start to the week for traders who believe a Brexit deal, which would likely give sterling a massive boost, could be near.
Investing.com - The dollar remained near a 16-month high on Monday, as concerns over Brexit and political issues in Italy weighed on the pound and euro.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, surged 0.47% to 97.19 as of 10:36 AM ET (15:36 GMT), not far from a session high of 97.36, the most since June 2017.The greenback surged amid expectations that the Federal Reserve will raise rates in December and beyond. An equity selloff also helped boost demand for the dollar, as Wall Street opened lower. ...
The S&P 500 fell 18 points, or 0.65%, to 2,762.82 as of 9:42 AM ET (14:42 GMT), while the Dow decreased 139 points, or 0.53%, to 25,850.26 and the tech-heavy Nasdaq Composite was down 100 points, or 1.35%, to 7,306.71.
Based on the early price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the steep downtrending Gann angle at 1.1261.
The US dollar rose to new near 16-month high on last week’s bullish news. European markets moved lower as selling in the tech-sector intensifies. Traders wary of global oil supply.
The rundown: Bitcoin and all major currencies were down in the morning; Formosa Financial, forms a partnership with Wanchain; Blockchain logistics firm Endchain to build a secure and affordable blockchain tracking solution; ArcBlock partners with Soar to create the world’s first decentralized Super-map using blockchain technology; and more. Here is what is happening in the […] The post Bitcoin News Crypto Currency Daily Roundup November 12 appeared first on Market Exclusive.
Investing.com – U.S. futures were mixed on Monday, as investors paused to take stock of equities after a volatile few weeks.The S&P 500 futures fell 2 points or 0.07% to 2,777.0 as of 6:52 AM ET (11:52 GMT) while Dow futures were down 47 points, or 0.18%, to 25,926.0. Meanwhile tech heavy Nasdaq 100 futures increased 5 points, or 0.08%, to 7,036.75.Trading is expected to be slower, with the U.S. bond market closed because of the Veterans Day holiday.Real estate company Toll Brothers Inc (NYSE:TOL) were among the top gainers in premarket trading, surging 2. ...
In this piece, we will describe the situation on the EURCHF, where a week ago, we were waiting for the buy signal. Usually, you need to wait for the proper signal. The price broke the lower line of the flag and the short-term horizontal support.