Euro focus will be on August PMI prints later in the week
Mark your calendars for 22 August, Thursday this week
After remarks from ECB's Rehn last week, expectations and hopes have been raised for a more profound stimulus package to be introduced next month by the central bank.
Looking ahead to this week, Jackson Hole may provide some more clues on that if we do see some ECB members on the agenda but prior to th... Details
After remarks from ECB's Rehn last week, expectations and hopes have been raised for a more profound stimulus package to be introduced next month by the central bank.
Looking ahead to this week, Jackson Hole may provide some more clues on that if we do see some ECB members on the agenda but prior to th... Details
Cable holds slightly higher but near-term resistance levels still at play
The pound gains some ground in early morning trades
Price touches a high of 1.2173 on the session as the pound stays firm since the end of last week. However, key near-term resistance levels are still at play nearby.
For now, buyers are running into the swing region around 1.2170-75 with further resistance seen closer to 1.2190-00 as well as offers around... Details
Price touches a high of 1.2173 on the session as the pound stays firm since the end of last week. However, key near-term resistance levels are still at play nearby.
For now, buyers are running into the swing region around 1.2170-75 with further resistance seen closer to 1.2190-00 as well as offers around... Details
JPY Weekly Forecast (Aug. 19 – 23)
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An improvement in risk appetite dragged the low-yielding yen lower last week. Can the safe haven recover this week?
Here are potential market movers you should watch out for:
Flash manufacturing PMI
Japan’s manufacturing saw a slowdown in July, as weaker demand from China and tensions between Japan and South Korea weighed ... Details
An improvement in risk appetite dragged the low-yielding yen lower last week. Can the safe haven recover this week?
Here are potential market movers you should watch out for:
Flash manufacturing PMI
Japan’s manufacturing saw a slowdown in July, as weaker demand from China and tensions between Japan and South Korea weighed ... Details
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SEC Continues Fraud ICO Push, the Power of Stablecoins: The Weekly Show
Photo: FM
Will governments use stablecoins to wage currency wars against one another? And what’s the latest with tZERO? We discussed all this and more in with News Anchor and Journalist, Layah Heilpern at BloxLive TV in our latest edition of The Weekly Show.
document.createElement('video');https:/... Details
Will governments use stablecoins to wage currency wars against one another? And what’s the latest with tZERO? We discussed all this and more in with News Anchor and Journalist, Layah Heilpern at BloxLive TV in our latest edition of The Weekly Show.
document.createElement('video');https:/... Details
Key Australian labour market posted strong figures – UOB
Economist at UOB Group Lee Sue Ann gave her view on the recent publication of the Australian labour market report.
Key Quotes
“Australia’s employment surged past expectations in July, despite worries of an economic slowdown. Overall job creation came in at an impressive 41,100, well above the 14,000... Details
Key Quotes
“Australia’s employment surged past expectations in July, despite worries of an economic slowdown. Overall job creation came in at an impressive 41,100, well above the 14,000... Details
Aussie holds a tad higher ahead of European markets open
Major currencies are more calm as we begin the session
The slightly better risk mood in markets is allowing for the aussie to hold mild gains as we begin the European morning. AUD/USD has inched higher, closing in on 0.6800 but holds within a 24 pips range still so far today.
The franc is a littl... Details
The slightly better risk mood in markets is allowing for the aussie to hold mild gains as we begin the European morning. AUD/USD has inched higher, closing in on 0.6800 but holds within a 24 pips range still so far today.
The franc is a littl... Details
The IRS Just Sent a Round of Collection Letters to Crypto Holders
Photo: FM
Cryptocurrency holders have earned a reputation for being notoriously bad at reporting taxes. In 2018, a slew of reports revealed that only a tiny percentage of cryptocurrency investors were properly reporting their gains and losses that year.
But the dismal reporting may not have been e... Details
Cryptocurrency holders have earned a reputation for being notoriously bad at reporting taxes. In 2018, a slew of reports revealed that only a tiny percentage of cryptocurrency investors were properly reporting their gains and losses that year.
But the dismal reporting may not have been e... Details
Gold technical analysis: About to confirm rising wedge on H1
Gold pulls back to short-term support-line.
Sellers aim for 100-HMA if confirming rising wedge breakdown.
Bearish MACD favors the downside.
With the 12-bar moving average convergence and divergence (MACD) flashing bearish signals, Gold sellers await confirmation of short-term rising wedge bearish f... Details
Sellers aim for 100-HMA if confirming rising wedge breakdown.
Bearish MACD favors the downside.
With the 12-bar moving average convergence and divergence (MACD) flashing bearish signals, Gold sellers await confirmation of short-term rising wedge bearish f... Details
Coinbase Acquires Xapo’s Institutional Business for $55 Million
Photo: Arnab Shome
Coinbase Custody, the custodial wing of the US-based crypto exchange, on Friday announced that it acquired the institutional business of Xapo.
Though the exchange did not post any figures in the official announcement, the deal was sealed at $55 million, according to Fortune.
C... Details
Coinbase Custody, the custodial wing of the US-based crypto exchange, on Friday announced that it acquired the institutional business of Xapo.
Though the exchange did not post any figures in the official announcement, the deal was sealed at $55 million, according to Fortune.
C... Details
Indonesian Pres. Widodo: Economy's capacity to manage global economic risks, disaster must be expanded
In a state of the union address to parliament on Friday, Indonesian President Joko Widodo spoke about the economic situation and its capability to fend off the mounting global risks.
Key Quotes:
Economy's capacity to manage global economic risks, disaster must be expanded.
Country should push furth... Details
Key Quotes:
Economy's capacity to manage global economic risks, disaster must be expanded.
Country should push furth... Details
European Economics Preview: Eurozone Foreign Trade Data Due
Foreign trade data from euro area is due on Friday, headlining a light day for the European economic news.
At 3.00 am ET, the Czech Statistical Office is slated to issue producer prices for July. Economists forecast producer prices to climb 2.2 percent annually after increasing 2.5 percent in June.
... Details
At 3.00 am ET, the Czech Statistical Office is slated to issue producer prices for July. Economists forecast producer prices to climb 2.2 percent annually after increasing 2.5 percent in June.
... Details
Dollar rebounds on robust U.S. retail sales, euro tumbles after ECB Rehn's dovish comments
Market Review - 15/08/2019 23:55GMT
Dollar rebounds on robust U.S. retail sales, euro tumbles after ECB Rehn's dovish comments The greenback recovered in New York session after release of upbeat U.S. retail sales data which eased concerns about the U.S. economy entering a recession and ended mix... Details
Dollar rebounds on robust U.S. retail sales, euro tumbles after ECB Rehn's dovish comments The greenback recovered in New York session after release of upbeat U.S. retail sales data which eased concerns about the U.S. economy entering a recession and ended mix... Details
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