Forex Consulting

US November prelim durable goods orders +1.3% vs +2.0% expected

Durable goods orders for November – was -0.8% – Ex transportation -0.1% vs +0.5% expected – Prior ex-transportation +1.3% – Prior capital goods orders nondefense ex air +0.8% The weakness in core orders is a disappointment for the dollar on the final true trading day of the year. Still, the average over the past three months is…

Forex Consulting

Bitcoin hits CME circuit breaker, down 20%

Bitcoin trading halted at the CME The $3065 drop in Bitcoin futures at the CME has led to a trading halt with it down 20%. According to exchange rules, trading can’t take place outside of a 20% move. With that, Bitcoin futures can’t be traded until Tuesday because the exchange is closed on Monday for…

Forex Consulting

US November new home sales 733K vs 655K expected

US new home sales data for November 2017 – Prior was 685K – +17.5% m/m compared to -4.4% expected – Supply at 4.6 months vs 5.4 prior – US homes for sale at month-end at 0.283m vs 0.283m prior Housing is ripping. Everyone sold their Bitcoin to buy a house, evidently. Copyright 2015 Forexlive.com

Forex Consulting

Here are how the Bitcoin futures circuit breakers work

Bitcoin is down 15% Bitcoin is trading around 15% lower, depending on the exchange. It’s fallen below $13,000, which is only back where it was on November 3. But it’s trading on futures exchanges right now and the rules on the CME are that the contract can’t fall more than 20%. Now, there isn’t much…