Perhaps the best-known company in all of cryptocurrency has announced their first major acquisition. Coinbase has bought Earn.com, a startup that allows users to be compensated in digital currency for completing small tasks and responding to emails. Coinbase Deal as Much About New Staff as it is the Acquisition of Earn.com Recode reports that Coinbase has bought Earn.com for just over $100 million. Along with the acquisition, there are some additional perks for digital currency exchange too. The buyout will enable Coinbase to bring Balaji Srinivasan on board as their first Chief Technology Officer. According to a blog post by Coinbase CEO Brian Armstrong, Srinivasan is “one of the most respected technologists in the crypto field”. A brief look at his resume gives clear...

FOMC speeches will set the tone for the week. We are expecting USD to crash 1% or more tomorrow (Monday)    This could be the breaking point for the S&P and even possibly the Dow       with FOMC speeches all week & GDP being published we may see some moment in the dollar      As for Forex we see some great opportunities EURJPY long (intraday type setup) https://www.tradingview.com/chart/EURJPY/MUscO5YT-EURJPY-Long/USDCAD short (intraweek setup)https://www.tradingview.com/chart/USDCAD/SKv8FzvB-USDCAD-SHORT-overall/USDJPY potential long (intraday setup)https://www.tradingview.com/chart/USDJPY/gdO6NJC0-USDJPY-highly-active-potential-long/AUDUSD double play. Shorting then longing (look at chart)https://www.tradingview.com/chart/AUDUSD/T5AKBlCQ-AUDUSD-Major-Trend-Long-W-chart-Shorting-D-chart/EURUSD keeping an eye out but not tradinghttps://www.tradingview.com/chart/EURUSD/9W0l7yu2-Not-trading-EURUSD-for-now/  

 Investing.com - The dollar remained slightly lower against the other major currencies on Monday after Friday’s U.S. jobs report tempered expectations for a faster rate of rate hikes by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was at 89.94 by 10:13 AM ET (14:13 GMT), down 0.13% for the day. The U.S. economy added 313,000 jobs in February, the Labor Department reported Friday, but average hourly earnings rose by just 0.1%. The strong jobs growth boosted risk appetite, while the slowdown in wage growth dampened expectations for four rate hikes by the Fed this year, a negative for the dollar, which tends to become more attractive to...

The euro rose higher during the course of trading today as the dollar weakness assumed larger proportions during this period and we saw the dollar weaken all across the board. We are likely to see this weakening continue for the rest of the trading session as worries about the tariffs imposed by the US continued to dominate the headlines and weaken the dollar. Not only would these tariffs increase the domestic costs of cars and other items that use these metals, it would also lead to a large possibility of a trade war breaking out between the global economic powers and this is not good for any country for that matter. This has led the stock markets lower and this is...

Stocks Move Lower The stock markets have been trading in a cautious manner over the last few days as the Fed has been more hawkish than what many would have expected it to be. The focus over the last 24 hours has been on the FOMC meeting minutes that were released yesterday. After some initial confusion over how it needed to be interpreted, the traders realised that the Fed meant business and that it could be possibly even 4 rate hikes during the course of the year depending on how the incoming data from the US pans out. This kind of hawkish language was not something that was expected at this stage from the Fed and this has led the dollar...

NEW YORK (AP) — U.S. stocks are slightly lower near midday Monday as banks and energy companies slip, but technology companies recover some of Friday's losses. Wells Fargo is sinking after the Federal Reserve hit the bank with new sanctions over a scandal that involved opening millions of phony consumer accounts. The market erased some of its early losses following a mid-morning report showing more evidence of economic strength in the U.S economy. KEEPING SCORE: The Standard & Poor's 500 index lost 7 points, or 0.3 percent, to 2,754 as of 11:20 a.m. The Dow Jones industrial average was down 73 points, or 0.3 percent, to 25,449. Early on, it fell 355 points. The Nasdaq composite fell 4 points, or...