EUR/USD surrenders a major part of early recovery gains, back near 1.1700 mark

   •  Investors looked past today’s in-line EZ economic data.    •  A modest USD rebound prompts some fresh selling.    •  Cautious ECB minutes fail to provide any boost.  The EUR/USD eroded a major part of its early strong recovery gains and has now retreated back closer to the 1.1700 handle. The pair initially

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ECB minutes: Economic outlook is more uncertain, caution needed

Here are some of the key highlights from the latest ECB Monetary Policy Meeting Accounts (minutes) released this Thursday.     •  Confident that inflation would rise towards target in medium-term.    •  A view was expressed that ECB was close to a sustained adjustment of inflation, but most disagreed with that view.    •  Risks

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Turkey: Where do we go from here? – Nordea Markets

Morten Lund, Analyst at Nordea Markets, suggests that yesterday’s emergency rate hike was clearly a step in the right direction in terms of restoring the central bank’s credibility, but believes that market participants once again will try to test the central bank to see whether they should still fear an erosion of the bank’s independence. Key Quotes

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NZD/USD likely to consolidate in the 0.6875- 0.7000 area – Westpac

According to Imre Speizer, Research Analyst at Westpac, further consolidation in the 0.6875- 0.7000 area for NZD/USD pair is expected during the week ahead, which mostly reflects a stretched USD rally, as the USD likely to be the dominant driver of the pair during the weeks ahead. Key Quotes “Futures speculator positioning was extremely long

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Bitcoin Gold unter Angriff: Börsen verlieren 18 Millionen Dollar wegen Double Spend

Bitcoin Gold, die Fork von Bitcoin, die gegen Asics resistent ist, wurde vor einer Woche angegriffen: Ein Miner hat mehr als 51 Prozent der Hashrate aufgebracht. Dies ermöglichte es ihm, bestätigte Transaktionen zweifach auszugeben und Börsen um etwa 18 Millionen Dollar zu betrügen. Eigentlich sollte dies der GAU für jede Kryptowährung sein – doch der

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Coinbase Acquires Decentralized ERC-20 Trading Platform Paradex

On Wednesday, May 23 the San Francisco based exchange Coinbase announced the acquisition of a decentralized digital token relay-trading platform called Paradex. Alongside adding the decentralized exchange (Dex), the firm has also revealed it is retiring the name GDAX and that platform will soon be known as ‘Coinbase Pro.’ Also Read: Markets Update: Stormy Weather Continues

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