Financial News

Blockchain Revolution Series: Ripples patronage with banking continues, xCurrent to support Santanders overseas payment operations

The popularity of Ripple has grown majorly based on a reputation of “banks' cryptocurrency”. Nevertheless, the great deal of clarity as to what exactly the Ripple ecosystem entails, about the mechanism of its payment solutions and in turn, how it drives the value of XRP, is lacking among the investors' community.

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Bank Indonesia cuts policy rate by 25 bps, likely to further lower rate by 50 bps by end-2019

Bank Indonesia lowered its 7-day reverse repo rate today by 25 basis points to 5.50 percent, marking the second consecutive month it cut its policy rate. In spite of the rise in the USD/IDR in recent weeks, the central bank opted to cut its policy rate today, with Governor Perry Warjiyo citing a desire to underpin growth pre-emptively, a backdrop of manageable inflation and the relatively attractive return on Indonesian assets as key factors behind the central bank’s decision.

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U.S. Treasuries narrowly mixed ahead of initial jobless claims, 30-year auction

The U.S. Treasuries remained narrowly mixed during Thursday’s afternoon session ahead of the country’s initial jobless claims and super-long 30-year auction, both scheduled to be released today by 12:30GMT and 17:00GMT respectively.

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German bunds suffer after August manufacturing PMI cheers market investors

The German bunds suffered during European trading session Thursday after the country’s manufacturing PMI for the month of August cheered market investors, edged tad higher from that in July.

The German 10-year bond yields, which move inversely to its price, jumped 2 basis points to -0.654 percent, the yield on 30-year note surged 3 basis points to -0.144 percent and the yield on short-term 2-year traded 1 basis point higher at -0.871 percent by 10:00GMT.

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Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA

ETC/USD chart - Trading View

Exchange - Kraken

Support: 6.266 (200-DMA); Resistance: 6.545 (55-EMA)

Technical Analysis: Bias Bullish

At a time when most of the crypto space is in the red, Ethereum Classic defies trend.

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