Crypto start-up Coinbase hires Pershing’s head of compliance
Leading cryptocurrency trading platform Coinbase is beefing up its compliance team as part of an effort to legitimize the asset class in the eyes of cautious regulators and institutional investors. The San Francisco-based start-up announced Tuesday it will hire Jeff...
The Price Action Was Slightly Disappointing For Bond Bears
Markets On Friday, core bonds ended the day mixed to slightly stronger. German yields were little changed, despite disappointing French Q2 growth. The focus for core bond trading was on the US Q2 GDP. The US economy expanded 4.1% QoQ...
Bank Of Japan Unwilling To Shift Gears Yet
After weeks of speculation that the Bank of Japan may begin to adjust its stimulus program, the central bank once again decided not to join the global trend towards tighter policies. The BoJ left its overnight interest rates unchanged at...
Yen Spikes Lower after BoJ, But No Follow Through Selling Yet
Yen spikes lower broadly after BoJ announced to strengthen the framework for continuous powerful easing. But at this point, there is no follow through selling seen yet. Instead, of raising the target on 10 year JGB yields, BoJ simply allow...
Fed Prepares for Rate Hike in September
The upcoming FOMC meeting later this week aims at preparing the market for another +25 bps rate hike in September. As no press conference and economic projections would follow the August meeting, the post-meeting statement, and the minutes three weeks...
Esports are booming and some investors are growing more bullish
The global esports industry is on fire and, now, some investors are getting bullish on the industry. “No question this is changing the landscape for media companies and how people are participating in sports,” Tim Seymour, co-founder and managing partner...
Cramer on Fed’s balance sheet wind-down: I think they’re doing it wrong
CNBC’s Jim Cramer has some ideas for the Federal Reserve’s plan to “unwind” recession-era debt from its $4.5 trillion portfolio. “I think the Fed’s doing it wrong,” the “Mad Money” host said on Monday. “I think that they should be...
Tech stocks will regain losses, say financial advisors, so buy during the dip
Even as tech stocks continue to plummet, buying during the dip might be a good idea, say financial advisors. “I get back to the basic question: Are you going to be spending more time on these platforms or less,” Dennis...
Treasury contemplates how to cut another $100 billion in taxes, mainly benefiting the rich
The wealthy could be in line for a substantial tax cut, if the Trump administration gets its way. The Treasury Department is considering bypassing Congress to cut $100 billion in taxes, mainly for the rich, according to a report Monday...
USD/JPY: Two Tweaks the BOJ Could Make Tonight
As my colleague Fawad Razaqzada noted on Friday, this week promises to be an interesting one for FX traders, with the Bank of England, Bank of Japan, Federal Reserve all set to meet, in addition to the always-noteworthy monthly Non-Farm...
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