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17 Sep 2019
3 min read

Crypto and Forex News Roundup 17/09/2019

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Written by OspreyFX News Team

Crypto continues stable

The cryptocurrency markets remained relatively stable over the past 24 hours although some coins showed appreciable rises. Legacy Bitcoin appeared to be poised for a big increase although it traded sideways between the $10,100 and $10,300 mark. Conversely Ethereum continued to rise considerably and was up by well over 3% to the $198 level with the psychologically significant $200 level appearing within reach. Other coins which were in positive territory included BCHABC which rose to the $307 level and EOS which once again regained the $4 level.

In other crypto news, North Korea is set to hold its second cryptocurrency and blockchain conference next February. This country is believed to be financing weapons of mass destruction using cryptocurrencies.

The first conference was attended by just 100 people however North Koreans declared it a success and a larger second conference was hence organised.

 

US and Japan moot trade deal

On the forex front, US President Donald Trump was in the news again. After seemingly blaming Iran for the much-publicised airstrike on Saudi oil facilities, it appears that Japan is now in the President’s economic crosshairs. Trump says the US has reached an initial trade agreement regarding tariff barriers with Japan. According to a statement issued by the White House Trump intends to enter into an agreement with Japan in the coming weeks. The statement also indicated that the US will be entering into an executive agreement with Japan regarding digital trade.

 

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Brexit uncertainty continues

Brexit uncertainty continued yesterday with UK Prime Minister Boris Johnson exiting a press conference with Luxembourg PM Xavier Bettel. EU chiefs said they heard no fresh proposals from Boris Johnson after a high-profile visit to Luxembourg ended with an abandoned press conference and an extraordinary public reprimand from Bettel.

Boris Johnson started talks with European Commission president Jean-Claude Juncker and Mr. Bettel yesterday in a  bid to renegotiate Britain’s Brexit deal. Brussels stated that the UK prime minister had no fresh proposals as part of the renegotiating. Mr. Bettel also chastised the British government for attempting to blame the EU “for the mess we are in at the moment”.