BITCOIN (BTC/USD) It’s been a challenging week for both major cryptocurrencies and their alt-coin counterparts after the three largest digital assets, Bitcoin (BTC), Ether (ETH) and Cardano (ADA) gave back a portion of their recent gains. Despite the official adoption of Bitcoin as a medium of exchange by El Salvador, bulls failed to push price action above […]

AUD moves higher, NFP next

The Australian dollar has found its legs on Thursday, in what has been an uneventful week. Currently, AUD/USD is trading at 0.7308, up  0.50% on the day. The Australian dollar has had a mostly quiet week, and even an RBA policy decision on Tuesday failed to elicit much of a […]

Swiss franc jumps on US dollar retreat

The Swiss franc has posted strong gains in the Monday session. USD/CHF is currently trading at 0.9237, down 0.7% on the day. Swiss franc rebounds The US dollar has started the week with losses against the major currencies, with the exception of the Japanese yen. The dollar’s downturn started last […]

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Germany Unemployment Declines In September

Germany’s unemployment continued to decline in September but at a slower pace as supply-side bottleneck weighed on the performance of the manufacturing sector, data published by the Federal Labor Agency showed on Thursday. The unemployment rate held steady at seasonally adjusted 5.5 percent in September. The expected rate was 5.4 […]

UK Retail Sales Decline For Fourth Straight Month

UK retail sales declined for the fourth straight month in August, the longest stretch of fall on record, data from the Office for National Statistics showed on Friday. Retail sales including auto fuel dropped unexpectedly by 0.9 percent month-on-month after declining 2.8 percent in July. Sales were forecast to climb […]

Pound rises after solid job data

The British pound showed gains earlier in the day and punched above the 1.39 line. However, the currency was unable to consolidate these gains. GBP/USD is currently trading at 1.3853, up 0.09% on the day. UK labor market continues to improve There was positive news on the UK employment front […]