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Crypto Today: Bitcoin continues to pull away from highs, ether extends rally

The BTC/USD pair lost nearly $2000 on Wednesday and tested the $16K handle before going into a consolidation phase above that level. According to the latest available data on coinmarketcap.com, the pair was trading at $16680, losing 4.85% on the day. Today's slide in bitcoin prices seems to be the product of the ongoing profit-taking that was triggered by the CBOE's launch of bitcoin futures tradi...

01:00 14 December /2017 Forex

We do not expect too deep a USD pullback - Westpac Eren Sengezer

"There are a couple optimistic tweaks here and there but otherwise the Fed delivered a steady policy message. The USD and yields have fallen, markets probably disappointed the Fed did not deliver a more decisive signal," Westpac economist Richard Franulovich wrote in a recent report.Key quotes

01:00 14 December /2017 Forex

Yellen's swan song: Few surprises - BBH Eren Sengezer

"The Federal Reserve hiked the Fed funds target by 25 bp for the third time this year, as was widely expected.   Both the Chicago and Minneapolis Fed presidents dissented," pointed out BBH analysts.Key quotes

00:00 14 December /2017 Forex

US stocks remain bid after Fed rate hike FXStreet Team

The major US indices continue to trade in the green post-Fed, largely on the back of an uptick in the technology shares.As of writing, the Dow index is trading at 24,625; up 121 points or 0.5 percent. S&P 500 is up 4 points and the Nasdaq has added 27 points.Shares in Apple and Facebook are up 0.7 percent and 1.1 percent, respectively. Meanwhile, bank stocks remain under pressure. Goldman Sach...

23:46 13 December /2017 Forex

Janet Yellen speech: Economic risks are balanced Eren Sengezer

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes (via Reuters) found below.Key notesUS Dollar Index drops to 1-week lows afte...

23:46 13 December /2017 Forex

Fed hikes rates, AUD/USD clocks 9-day high of 0.7640 FXStreet Team

The post-Fed broad-based USD sell-off pushed the AUD/USD pair to a 9-day high of 0.7640 levels.The USD is being offered "on fact" (rate hike was priced-in). Also, the fact that the Fed's optimistic growth forecast for 2018 is based on the 23:46 13 December /2017 Forex

Janet Yellen speech: Current slope of yield curve is well within historical range Eren Sengezer

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes (via Reuters) found below.Key notesUS Dollar Index drops to 1-week lows afte...

23:46 13 December /2017 Forex

EUR/USD breaks above 1.1800 after Fed meeting Matías Salord

The EUR/USD pair broke above 1.1800 some minutes after the release of the FOMC statement. It reached at 1.1822, a 1-week high. It was holding near to top, consolidating above 1.1800, having the best day since November 14. Since the decision, the euro gained more than 50 pips. Fed delivers hike and keeps line i...

23:46 13 December /2017 Forex

Janet Yellen speech: Fed is not discussing changes to inflation target Eren Sengezer

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes (via Reuters) found below.Key notesFed hikes and threatens more - ING.James Knightley, Se...

23:23 13 December /2017 Forex

US Dollar Index drops to 1-week lows after Fed meeting Matías Salord

The US Dollar dropped sharply after the FOMC decision to raise rates and it continued to slide during Yellen’s press conference. Equity prices remained near the top while US bond yields moved to the downside. Gold jumped, rising above $1,255/ozThe DXY fell from 94.00 to 93.60 initially and then broke below ...

23:23 13 December /2017 Forex

GBP/USD retakes 1.34 handle FXStreet Team

GBP/USD has extended the post-Fed rally to 1.3423 (10-day MA) possibly due to fears that a potential delay in the tax reform could force the Fed to go slow with the rate hikes.During the press conference, Fed chair. Yellen said that most policymakers factored fiscal stimulus (tax cuts) into their outlook. It essentially means the upward revision of the 2018 GDP forecast to 2.5 percent is based on ...

23:23 13 December /2017 Forex

Janet Yellen speech: Fed is not seriously considering adopting digital currency Eren Sengezer

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes (via Reuters) found below.Key notesUS Dollar Index drops to 1-week lows afte...

23:23 13 December /2017 Forex

Janet Yellen speech: Stock valuations are at high end of historical levels

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes found below.Key notesFed hikes and threatens more - ING.James Knightley, Senior Economist...

23:00 13 December /2017 Forex

WTI Oil hits one-week low on US gasoline build and excess supply concerns FXStreet Team

WTI oil is fast losing altitude, now trading at a one-week low of $56.52 as the decline in the US crude stockpiles was offset by a larger-than-forecast rise in gasoline inventories.The US government data released earlier today showed the US oil inventories last week dropped 5.1 million barrels. However, as per Reuters report, the gasoline stocks jumped 5.7 million barrels, more than double analyst...

23:00 13 December /2017 Forex

Janet Yellen speech: Tightening labor market to drive wages higher Eren Sengezer

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is responding to questions from the press after delivering her remarks on the policy outlook, with key quotes found below.Key notesFed hikes and threatens more - ING.James Knightley,...

23:00 13 December /2017 Forex

Janet Yellen speech: Monetary policy not on a pre-set course

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is delivering her remarks on the monetary policy, with key quotes (via LiveSquawk) found below.Key notesFed hikes and threatens more - ING.James Knightley, Senior Economist at ING, explains that the ...

22:46 13 December /2017 Forex

Buy the Fact: Gold jumps after Fed rate hike Felipe Erazo

Gold (XAU/USD) jumped to a one-week high of $1255.44 after the Fed hiked rates by 25 basis points as expected and kept the interest rate dot plot unchanged.The central bank...

22:46 13 December /2017 Forex

Fed hikes and threatens more - ING Matías Salord

James Knightley, Senior Economist at ING, explains that the Fed “dots” show a strong consensus for 3 hikes next year.Key Quotes: “As widely anticipated the Federal Reserve has raised rates at today’s FOMC meeting - the third 25bp move of 2017. They last hiked back in June when Neel Kashkari was the sole dissenter. He was joined by Ch...

22:46 13 December /2017 Forex

British lawmakers vote in favour of changing PM May's Brexit blueprint in government defeat - Reuters Eren Sengezer

"British lawmakers defeated Prime Minister Theresa May's government on Wednesday, voting to change her Brexit blueprint in a move which could complicate her efforts to sever ties with the European Union," Reuters recently reported.

22:46 13 December /2017 Forex

USD/JPY drops to 6-day lows after Fed meeting Matías Salord

The USD/JPY pair dropped after the Federal Reserve decision from 113.00 to 112.66, hitting the lowest since December 7. Then it rebounded modestly but it was holding under 113.00. The weak tone of the US dollar was keeping the pair under pressure. USD down but not much after Fed The Fed decided to rai...

22:46 13 December /2017 Forex