Day: August 28, 2018
State regulators expand ‘Operation Cryptosweep’ to 200 initial coin offerings
A group of state and provincial regulators could put a big dent in the cryptocurrency fundraising boom. The North American Securities Administrators Association said Tuesday it had expanded the number of investigations into initial coin offerings to 200 after starting “Operation Cryptosweep” in May with 70 active cases. In an ICO, coins or tokens are …
State regulators expand ‘Operation Cryptosweep’ to 200 initial coin offeringsRead More
Goldman Sachs thinks the market is wrong about Fed Chair Powell, and that could mean 4 rate hikes in 2019
Judging by a key speech he delivered last week, the market believes it has a Federal Reserve chairman who will take a more measured pace when it comes to interest rates. Goldman Sachs economists think the market has it wrong. Fed Chairman Jerome Powell, speaking Friday at the central bank’s annual retreat in Jackson Hole, …
Is eurozone consolidation happening behind the scenes?
Talk about bank mergers rarely comes to fruition – especially in Germany and Italy, where it is most needed. A degree of cynicism about bank consolidation is therefore forgivable. However, when Euromoney speaks to Ignazio Angeloni, board member at the ECB’s Single Supervisory Mechanism, he says that bank consolidation is happening quite rapidly, especially in …
Is eurozone consolidation happening behind the scenes?Read More
British Pound Subdued as Pound Hugs 1.29
GBP/USD is unchanged in the Tuesday session. In North American trade, the pair is trading at 1.2886, down 0.06% on the day. On the release front, U.S manufacturing and consumer confidence data was stronger than expected. CB Consumer Confidence jumped to 133.4, crushing the estimate of 126.6 points. On Wednesday, the U.S publishes Preliminary GDP …
Yen Trading Sideways, as Japanese, U.S Data Beats Expectations
The Japanese yen is unchanged in the Tuesday session. In North American trade, the pair is trading at 111.05, down 0.03% on the day. On the release front, BoJ Core CPI edged up to 0.5%, above the estimate of 0.3%. In the U.S, manufacturing and consumer confidence data was stronger than expected. CB Consumer Confidence …
Yen Trading Sideways, as Japanese, U.S Data Beats ExpectationsRead More
EURUSD Outlook: Weak US Data Help Euro Bulls
The Euro maintains bullish in early American trading tone and eventually broke 1.1700 barrier which temporarily capped the advance this morning. Strong advance from 1.1530 (23 Aug trough) holds in red for the third consecutive day and eyes key near-term barrier at 1.1750 zone (daily cloud top/Fibo 38.2% of 1.2476/1.1300). Fresh advance was helped by …
3 reasons Trump’s impeachment wouldn’t sink stocks
President Donald Trump is a master showman. In his prior life as real estate developer and reality TV star, you couldn’t go a day without seeing his name in the tabloids. But taking full credit for the creation of wealth in America – and the ability of the stock market to function smoothly – is …
Canadian Dollar Accelerates Higher as Signs are Good for Trade Deal, Euro Stays Strong
Dollar selloff continues today as full-blown trade war fear receded. Yen follows as the second weakest on return of global risk appetite. Euro’s strongest pace was overtaken by Swiss Franc and Canadian Dollar. The Loonie is awaiting the Canadian Foreign Minister Chrystia Freeland’s visit to Washington. But so far, overall signs are positive. In other …
Canadian Dollar Accelerates Higher as Signs are Good for Trade Deal, Euro Stays StrongRead More
Canadian Dollar Jumps to 10-Week High as US-Mexico Reach Trade Deal
The Canadian dollar has gained ground on Tuesday, after posting strong gains on Monday. Currently, USD/CAD is trading at 1.2919, down 0.37% on the day. On the release front, the U.S releases CB Consumer Confidence, which is expected to drop to 126.6 points. There are no Canadian events on the schedule. On Wednesday, the US …
Canadian Dollar Jumps to 10-Week High as US-Mexico Reach Trade DealRead More
Mnuchin hopeful a trade deal with Canada will get done, but prepared to ‘move forward with Mexico’
Treasury Secretary Steven Mnuchin said Tuesday he’s hopeful a revamped trade deal will get done soon with Canada — but if not the U.S. is ready to go forward with one it already has negotiated with Mexico, the third partner in the NAFTA bloc. “This is a great move forward for trade,” Mnuchin told CNBC’s …
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Finance news
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