Daily Outlook


EU Gives May Another Two Weeks to Avoid a No-Deal Brexit

EU Gives May Another Two Weeks to Avoid a No-Deal Brexit

European Union leaders staved off the threat of the U.K. crashing out of the bloc without a deal next Friday by giving Theresa May an extra two weeks to work out what to do. At a summit in Brussels on...

Investor: The US and China will reach a deal, then markets will jump 15%

Investor: The US and China will reach a deal, then markets will jump 15%

Despite all the back and forth between Donald Trump and Xi Jinping’s negotiating teams, the U.S. and China will ultimately come to a trade agreement, according to one investor. When that happens, markets could soar 15 percent or more for...

Trump says U.S. economy would have grown 4% without Fed tightening

Trump says U.S. economy would have grown 4% without Fed tightening

President Donald Trump said Thursday kept up his criticism of the Federal Reserve, despite its move to a dovish policy path. The president said that if it wasn’t for the decisions of Federal Reserve Chairman Jerome Powell and his colleagues,...

Bitcoin Will Drop Near $3,500 Before a Major Rally: Trader

Bitcoin Will Drop Near $3,500 Before a Major Rally: Trader

After achieving $4,097 in global average price according to data provided by Coinmarketcap.com, the bitcoin price has retraced to $4,027 and below the $4,000 mark in some major markets. As bitcoin fell by just over 1 percent against the U.S....

Important upcoming events and publications

Important upcoming events and publications

Important upcoming events and publications for March 22 (GMT): 08:30 Germany PMI indexes are significant leading business indices for markets and often have a noticeable impact on market dynamics. The production activity index is expected to grow after 15 months...

Vitalik Buterin Cashed Out Large Sums of ETH During 2017 Crypto Frenzy

Vitalik Buterin Cashed Out Large Sums of ETH During 2017 Crypto Frenzy

Ethereum mastermind Vitalik Buterin, who holds 350,000 ETH in his main wallet address, allegedly cashed out $40 million worth of ETH between June 2017 and February 2018. The findings came to light by Alex Sunnarborg, a founding partner of the...

FxPro: Fed crashed the Dollar in favor of Trump

FxPro: Fed crashed the Dollar in favor of Trump

The US Federal Reserve yesterday demonstrated a sharp easing of monetary policy plans, triggering a wave of dollar sales. Despite the fact that the markets tuned in to a very mild tone of comments, the US Central Bank managed to...

Bitcoin Price Could Crash by 50% in 2019: Veteran Crypto Traders

Bitcoin Price Could Crash by 50% in 2019: Veteran Crypto Traders

Throughout the past week, the bitcoin price has increased from $3,901 to $4,048, by nearly 4 percent against the U.S. dollar. The relatively strong short-term performance of bitcoin led alternative cryptocurrencies to engage in large upside price movements, allowing the...

Chinese companies are defaulting on their debts at an ‘unprecedented’ level

Chinese companies are defaulting on their debts at an ‘unprecedented’ level

An economic slowdown and extremely tight credit conditions pushed corporate debt to a record high in China last year, according to experts. Defaults for Chinese corporate bonds — issued in both U.S. dollars and the Chinese yuan — soared last...

Fed holds line on rates, says no more hikes ahead this year

Fed holds line on rates, says no more hikes ahead this year

The Federal Reserve decided Wednesday to hold interest rates steady and indicated that no more hikes will be coming this year. In a unanimous move that coincides with market expectations and demands, the central bank’s policymaking Federal Open Market Committee...

Litecoin Price Doubles in 2019: 5 Cataylsts Fueling the Rally

Litecoin Price Doubles in 2019: 5 Cataylsts Fueling the Rally

The broader crypto market has been stuck in a narrow trading range over the short-term, but there’s one cryptocurrency whose value has nearly doubled year-to-date, and that’s Litecoin (LTC). The fifth-biggest coin, which is currently trading at $60.75, has benefitted...

FxPro: Nervous silence around the pound

FxPro: Nervous silence around the pound

At the end of the week, the British currency will face new challenges: several events at once that could drastically affect the GBP trend. On Wednesday evening, the Fed’s monetary policy decision will be announced, as well as forecasts for...