PayPal launches its cryptocurrency service in the UK
PayPal has launched its cryptocurrency service in the U.K. PayPal LONDON — PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting...
Sentiments Deteriorated on Delta, China and Fed Tapering
Overall market sentiments deteriorated notably last week, with concerns over the swift spread of Delta variant and return to lockdowns, Fed’s tapering and slowdown in China. A softening tone from a Fed hawk on tapering gave sentiment a late lift,...
Team Australia to the Rescue
The Reserve Bank Board next meets on September 7. The Board surprised at its August meeting by deciding to retain its policy of tapering its bond purchases under the QE program from $5 billion per week to $4 billion when...
The Weekly Bottom Line: Getting Back to Normal Isn’t Easy
U.S. Highlights As the economy continues to recover the Federal Open Market Committee’s meeting minutes signaled a tapering of its asset purchase program later this year. The retail sales report showed a larger decline in spending than had been anticipated,...
Week Ahead: Jackson Hole, Delta Variant, and China to Move Markets Next Week
Volatility returned last week as traders prepared for the Jackson Hole Symposium at the end of this week. The primary focus will be US Fed Chairman Jerome Powell’s speech on Friday at 10:00am ET. The topic is simply, “Economic Outlook”. ...
Week Ahead – Will We Have Action in Jackson?
Country US The upcoming week is all about the Federal Reserve’s symposium in Jackson Hole, Wyoming. A couple months ago, this gathering was eyed as a potential time for the Fed to formally announce its plan on tapering asset purchases,...
Fed’s Jackson Hole symposium to take place virtually due to Covid risk
The Federal Reserve’s annual Jackson Hole, Wyo., symposium will take place virtually this year due to Covid risks, the Kansas City Fed announced Friday. “While we are disappointed that health conditions will prevent us from being able to gather in...
August is usually volatile for the market, but the Fed is a wild card and could agitate things further
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, August 20, 2021. Andrew Kelly | Reuters The markets: It’s August, but it’s also Covid. Normal August trading flows are being greatly complicated by...
New Zealand Dollar Steadies
The New Zealand dollar has stabilized on Friday but is in negative territory for a fifth straight day. NZD/USD is currently trading at 0.6824, down 0.04% on the day. What’s next for RBNZ? It was quite the week for the...
Week Ahead – Fed Taper: Will They or Won’t They? Splits Loom Over Jackson Hole
The upcoming week will kick off with a bang as the flash PMI readings for August will flood the markets on Monday. However, it might go all quiet after that before Fed officials gather at Jackson Hole later in the...
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