Prices of both Ethereum and Bitcoin slumped on Tuesday amid investor fears that both cryptocurrencies were poised for steeper declines.

ETHEREUM AND BITCOIN STRUGGLE TO PARE LOSSES AMID CORRECTION JITTERS

ETHEREUM AND BITCOIN STRUGGLE TO PARE LOSSES AMID CORRECTION JITTERS

Prices of both Ethereum and Bitcoin slumped on Tuesday amid investor fears that both cryptocurrencies were poised for steeper declines.

FOREX INVESTORS Prices of both Ethereum and Bitcoin slumped on Tuesday amid investor fears that both cryptocurrencies were poised for steeper declines.

On the U.S.-based GDAX exchange, BTC/USD fell to $2,347.3, down $52.1 or 2.16%. The popular digital currency has drifted lower from its peak of $3,000 achieved in June.



BITCOIN STRUGGLE

FOREX INVESTORS

Meanwhile, Ethereum mirrored bitcoin’s move lower, falling to $193.61, down 10.15%. Ethereum traded below $200 for the first time since May 30.

Ethereum market capitalization has slumped in recent sessions, falling to $18 billion, well below bitcoin’s $38 billion, dashing investor hopes that the Ehtereum would be alternative cryptocurrency that usurps bitcoin as the largest and best capitalized blockchain – a phenomenon referred to as “the flippening”.

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BITCOIN INCHES HIGHER  Bitcoin and ethereum rose on Tuesday, as traders piled back into cryptocurrencies, after a slump in the prior session.

BITCOIN INCHES HIGHER WHILE ETHEREUM PARES LOSSES FROM PRIOR SESSION

BITCOIN INCHES HIGHER WHILE ETHEREUM PARES LOSSES FROM PRIOR SESSION

 BITCOIN INCHES HIGHER  Bitcoin and ethereum rose on Tuesday, as traders piled back into cryptocurrencies, after a slump in the prior session.

BUZ INVESTORS BITCOIN INCHES HIGHER  Bitcoin and ethereum rose on Tuesday, as traders piled back into cryptocurrencies, after a slump in the prior session.

On the U.S.-based GDAX exchange, BTC/USD rose to $2,445, up $63.5 or 2.80%.

Other big exchanges such as Poloniex, Bitfinex and BitStamp also showed the cryptocurrency trading around the $2400-level.

ETH/USD pared losses sustained in the prior session, rising 8.96% to $262.66.




BITCOIN INCHES HIGHER

 

Despite the rebound in ethereum and bitcoin, analysts continued to expect that cryptocurrencies are facing a period of correction.

Charles Hayter, co-founder and CEO of leveraged cryptocurrency platform CryptoCompare said that “a correction of sorts was [in] the cards”

Hayter’s comments echoed that of Digital currency investor Fed Wilson, who said in blog post that the “we are headed for a selloff in the crypto sector”

Ethereum and Bitcoin have moved in tandem recently, as both cryptocurrencies printed fresh record highs earlier in June of $3,000 and $419.3, respectively.

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FTSE 100 Index

FTSE 100 recovered from early losses to close near the flat line at 7,525

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UK FTSE 100 Stock Market Index| Data | Chart | Calendar


The FTSE 100 recovered from early losses to close near the flat line at 7,525 on Tuesday amid a rebound in oil prices and while investors await British general election this week. Historically, the UK FTSE 100 Stock Market Index reached an all time high of 7547.63 in May of 2017 and a record low of 427.50 in February of 1978.



FTSE 100 recovered from early losses






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UK FTSE 100 Stock Market Index Notes

The FTSE 100 Index is a major stock market index which tracks the performance of 100 most capitalized companies traded on the London Stock Exchange. FTSE 100 companies represent about 80 percent of the entire market capitalization of the London Stock Exchange. It is a free-float index. The FTSE 100 has a base value of 1000 as of January 3, 1984. This page provides – United Kingdom Stock Market (FTSE 100) – actual values, historical data, forecast, chart, statistics, economic calendar and news. UK FTSE 100 Stock Market Index – actual data, historical chart and calendar of releases – was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7524.95 7525.76 7547.63 427.50 1978 – 2017 points Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




BUZ INVESTORS Oil slips below $52 The commodity is trading at $49.12 per barrel at 09:40 GMT this morning, 0.14% lower from the New York close.

Oil prices extended losses on Tuesday

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Crude oil | Data | Chart | Calendar | Forecast | News

BUZ INVESTORS Oil prices extended losses on Tuesday amid raising concerns about a political rift between Qatar and several Arab states, which could undermine OPEC’s commitment to tighten the market. Crude oil prices went down 0.2% to $47.4 per barrel and Brent crude oil decreased 0.2% to $49.5 per barrel around 9:45 AM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

The commodity is trading at $47.23 per barrel at 09:40 GMT this morning, 0.4% lower from the New York close. Crude oil witnessed a high of $47.74 per barrel and a low of $46.94 per barrel during the session. In the New York session yesterday, crude oil rose 0.62% to close at $47.42 per barrel. However, gains in crude prices were capped, amid increasing concerns that a political rift between Qatar and several Arab countries could interrupt an OPEC led agreement to curb global supply glut. Immediate downside, the first support level is seen at $46.77 per barrel, while on the upside, the first resistance level is at $47.78 per barrel.



Oil prices extended losses






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Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in  are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.INVESTORS BUZ does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on May of 2017.

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)




Buz Investors Another Major Build The commodity is trading at $52.93 per barrel at 10:40 GMT this morning, 0.25% higher from the New York close. Crude oil witnessed a high of $53.09 per barrel and a low of $52.64 per barrel during the session. In the New York session yesterday, Crude oil Rose .27%

Crude oil falls, building on recent losses

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Crude oil  | Data | Chart | Calendar | Forecast | News

BUZ INVESTORS  Crude oil falls Oil prices declined on Tuesday, after Goldman Sachs trimmed its forecast for oil prices for this year, citing continued growth in the US shale production. Crude oil prices went down 0.7% to $49.4 per barrel and Brent crude oil decreased 0.9% to $51.9 per barrel around 10:40 AM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

The commodity is trading at $49.59 per barrel at 09:40 GMT this morning, 0.82% lower from the New York close. Crude oil witnessed a high of $50.07 per barrel and a low of $49.44 per barrel during the session. In the New York session yesterday, crude oil rose 0.54% to close at $50.00 per barrel, reflecting optimism amongst investors as OPEC and other major producers agreed over a deal to extend production cuts by 9 months. Immediate downside, the first support level is seen at $49.26 per barrel, while on the upside, the first resistance level is at $50.10 per barrel.



Crude oil falls






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Crude oil

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in  are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions.INVESTORS BUZ does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on May of 2017.

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COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)




ASIAN SESSION – GOLD AT 3-MONTH HIGHS ON SOFTER DOLLAR AFTER MNUCHIN COMMENTS

Gold price extends losses for 7th consecutive day

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Gold price extends losses for 7th consecutive day

Gold

BUZ INVESTORS  Gold price extends losses Gold is trading at $1224.70 per ounce at 09:40 GMT this morning, 0.2% lower from the New York close. This morning, the precious metal traded at a high of $1228.70 per ounce and a low of $1223.90 per ounce. Yesterday, gold traded 0.27% lower in the New York session and closed at $1227.10 per ounce, amid strength in the US Dollar. Immediate downside, the first support level is seen at $1220.10 per ounce, while on the upside, the first resistance level is at $1233.10 per ounce.

Gold moved lower for the seventh day Monday in the national capital — this time by Rs 175 to Rs 28,550 per 10 grams — chiefly because of a drop in local demand even as it saw a slight bounce overseas.

Silver, too, declined further by Rs 225 to Rs 38,350 per kg — a sign of softness in orders from industrial units and coin makers.

The persistent fall in the yellow metal prices is seen as a direct outcome of fading demand from local jewellers and strength in the rupee that made its imports cheaper.

Globally, gold prices firmed up 0.24 percent to USD 1,230.90 an ounce in Singapore after pro-European centrist Emmanuel Macron won the French presidential election.

In the national capital, gold of 99.9 percent and 99.5 percent purity slumped by Rs 175 each to Rs 28,550 and Rs 28,400 per 10 grams, respectively. The precious metal had lost Rs 825 in the previous six days.




Gold price extends losses

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Gold | Data | Chart | Calendar | Forecast | News

Gold decreased 4.90 USD/t oz. or 0.40% to 1,220.90 on Tuesday May 9 from 1,225.80 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1220.90 1227.70 1898.25 34.83 1968 – 2017 USD/t oz. Daily

 

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Commodities ( Gold ) ( Silver ) ( Lithium )




USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

USDJPY pares early losses, defends 112.00 handle for the time being

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USDJPY pares early losses, defends 112.00 handle for the time being

BUZ INVESTORS USDJPY pares early losses  The USD/JPY pair extended previous session retracement from 113.00 handle and maintained its offered tone for the second consecutive session. The pair, however, has managed to bounce from 112.00 neighborhood and is currently trading around 112.30-35 band.

Market now seems to look beyond the perceived hawkish Fed monetary policy statement and renewed greenback selling pressure, with the key US Dollar Index sinking to fresh yearly lows on Thursday, failed to assist the pair to prolong its ongoing recovery move further beyond the 113.00 handle.



USDJPY pares early losses

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Japanese Yen | Data | Chart | Calendar | Forecast | News

The USDJPY increased 0.2250 or 0.20% to 112.6750 on Friday May 5 from 112.4500 in the previous trading session. Historically, the Japanese Yen reached an all time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011.

Japan GDP Growth Revised Up To 0.3% In Q4

The Japanese economy advanced 0.3 percent on quarter in the fourth quarter of 2016, above preliminary estimates of a 0.2 percent expansion and at the same pace as in the previous period. It was the fourth consecutive quarter of growth, boosted by exports, government spending and private non-residential investment while household consumption was flat.

 

Compared with the third quarter of the year, external demand added 0.2 percentage points to growth, as exports of goods and services expanded 2.6 percent (2.1 percent in Q3) while imports advanced for the first time in a year by 1.3 percent (-0.3 percent in Q3).

Japan Inflation Rate At 5-Month Low Of 0.2% In March

Consumer prices in Japan rose 0.2 percent year-on-year in March of 2017, compared to a 0.3 percent rise in February and below market consensus of a 0.3 percent gain. It was the lowest inflation rate since October 2016, driven by a slowdown in cost of food and transport while cost of housing fall further.

Year-on-year, prices increased at a slower pace for: food (0.5 percent from 0.8 percent in a month earlier, namely fresh food: -0.4 percent from 1.4 percent), clothes and footwear (0.6 percent from 1.3 percent), medical care (0.5 percent from 0.6 percent) and transportation and communication (0.2 percent from 0.3 percent). Cost went up more than in a month earlier for: culture and recreation (0.7 percent from 0.4 percent) and miscellaneous (0.4 percent from 0.3 percent). In contrast, cost declined for: housing (-0.2 percent from -0.2 percent); fuel, light and water charges (-0.8 percent from -2.1 percent) and furniture and household utensils (-0.8 percent from 0.6 percent). Inflation was steady for education (1.0 percent).

 

Japan Markets Last Previous Highest Lowest Unit
Currency 112.68 112.53 306.84 75.74 [+]
Stock Market 19445.70 19445.70 38915.87 85.25 points [+]
Government Bond 10Y 0.02 0.02 7.59 -0.29 percent [+]
30 Year Bond Yield 0.80 0.80 3.13 0.04 percent [+]
2 Year Note Yield -0.18 -0.19 0.25 -0.36 percent [+]
5 Year Note Yield -0.15 -0.15 8.58 -0.37 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

UK PMI Manufacturing Strength Reverses GBPUSD Losses

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UK PMI Manufacturing Strength Reverses GBPUSD Losses

BUZ INVESTORS UK PMI Manufacturing Strength At 09:40 GMT, the pair is trading at 1.2892, with the Pound trading marginally higher against US Dollar from the New York close

GBPUSD

BUZ INVESTORS UK PMI Manufacturing Strength At 09:40 GMT, the pair is trading at 1.2892, with the Pound trading marginally higher against US Dollar from the New York close, after Britain’s Markit manufacturing PMI surprisingly advanced in April. The pair witnessed a high of 1.2910 and a low of 1.2861 during the session. Yesterday, the Pound traded 0.36% lower against the US Dollar in the New York session and ended at 1.2886. Immediate downside, the first support level is seen at 1.2857, while on the upside, the first resistance level is situated at 1.2932.

After being subjected to selling pressure on fresh concerns surrounding difficult Brexit negotiations, GBP/USD recovered ground on Tuesday. The better than expected UK PMI manufacturing release boosted Sterling, especially in view of the contrast to weaker US ISM data.

UK markets were closed on Monday for a holiday which curbed activity in Sterling and severely curtained trading volumes with GBP/USD unable to make a further challenge on resistance near 1.2950. After gradual erosion towards the 1.2900 level, there was a dip below this level late in US trading with lows near 1.2880 as thin liquidity helped take out stops.




UK PMI Manufacturing Strength

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British Pound | Data | Chart | Calendar | Forecast | News

The GBPUSD increased 0.0039 or 0.30% to 1.2924 on Tuesday May 2 from 1.2885 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on May of 2017.
United Kingdom Markets Last Previous Highest Lowest Unit
Currency 1.29 1.29 2.86 1.05 [+]
Stock Market 7250.05 7203.94 7429.81 427.50 points [+]
Government Bond 10Y 1.09 1.09 16.09 0.52 percent [+]
30 Year Bond Yield 1.72 1.72 16.01 1.22 percent [+]
2 Year Note Yield 0.08 0.08 0.93 0.04 percent [+]
5 Year Note Yield 0.51 0.51 13.58 0.13 percent [+]

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RELATED NEWS
Friday April 28 2017
UK Economy Expands 2.1% YoY In Q1

The British economy grew 2.1 percent, accelerating from a 1.9 percent expansion in the previous period but missing market expectations of a 2.2 percent gain, a preliminary estimate showed. Total production increased further, boosted mainly by manufacturing; while output grew at a slower pace for both services and construction.
Friday April 28 2017
UK Q1 GDP Growth Weaker Than Expected

The British economy advanced 0.3 percent on quarter in the three months to March 2017, easing from a 0.7 percent growth in the previous period and below market expectations of a 0.4 percent expansion, a preliminary estimate showed. It was the slowest rate of growth since the first quarter of 2016, as services output expanded at a slower pace.
Wednesday April 12 2017
UK Unemployment Rate Steady At Near 12-Year Low

UK unemployment rate held at an almost 12-year low of 4.7 percent in the three months to February 2017, in line with market expectations. The employment rate stood at an all-time high of 74.6 percent as the number of people in work rose by 39 thousand.

 

 

AUDUSD flirting with 2-month lows

AUDUSD Are More Losses Ahead for the Aussie dollar

AUDUSD Are More Losses Ahead for the Aussie dollar

BUZ INVESTORS  AUDUSD Are More Losses Ahead  The pair is trading at 0.7475 at 09:40 GMT this morning, with the Australian Dollar trading

AUDUSD

BUZ INVESTORS  AUDUSD Are More Losses Ahead  The pair is trading at 0.7475 at 09:40 GMT this morning, with the Australian Dollar trading 0.11% higher against US Dollar from the New York close. On the data front, Australia’s private sector credit rose less-than-expected on a monthly basis in March. This morning, the pair traded at a high of 0.7486 and a low of 0.7459. The Australian Dollar traded 0.11% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7467. The pair is expected to its find support at 0.7446 and its first resistance at 0.7495.



AUDUSD Are More Losses Ahead

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Australian Dollar | Data | Chart | Calendar | Forecast | News

The AUDUSD decreased 0.0009 or 0.12% to 0.7 AUDUSD spot exchange 452 on Friday April 28 from 0.7461 in the previous trading session. Historically, the Australian Dollar reached an all time high of 1.10 in July of 2011 and a record low of 0.48 in April of 2001.

The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Australian Dollar – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australian Dollar – actual data, historical chart and calendar of releases – was last updated on April of 2017.
Currency 0.75 0.75 1.10 0.48 [+]
Stock Market 5924.10 5921.48 6828.70 1358.50 points [+]
Government Bond 10Y 2.58 2.58 16.50 1.83 percent [+]
2 Year Note Yield 1.69 1.70 5.26 1.43 percent [+]
5 Year Note Yield 2.16 2.18 5.50 1.48 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)

EURUSD 1.0904 0.0032 0.29% -4.8%
GBPUSD 1.2911 0.001 0.07% -11.63%
NZDUSD 0.6856 -0.002 -0.29% -1.67%
USDJPY 111.44 0.19 0.17% 4.78%
USDCNY 6.903 0.003 0.04% 6.43%
USDCHF 0.9936 -0.0001 -0.02% 3.55%
USDCAD 1.3682 0.0052 0.38% 9.01%
USDMXN 19.0298 0.0131 0.07% 10.83%
USDINR 64.2 0.1 0.15% -3.33%

 




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