• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Market analysis and trade recommendations by FBS

US dollar index is at a four-month maximum after data on US employment

More in: https://fbs.com/analytics/news/us-d...nglish&utm_content=SebastianAnalyticsDCashPal

07.05.2018

On Monday, the evergreen buck was seen near the maximum of 2018 after data on jobs turned to be weaker than anticipated, although it was still firm enough to back the arguments in favor of further increase in interest rates of the Federal Reserve.

A renewed concern about trade clashes can potentially cloud the further prospects for the surge of the American currency.

On Friday, the US Labor Department informed that employers managed to add 164,000 jobs in April, which is more than in March, and also more than enough to keep pace with population surge. As a matter of fact the unemployment rate headed south to 3.9% from 4.1% a month earlier, hitting its lowest value since December 2000.

Market experts had expected 192,000 new jobs in April. The unemployment rate dived to 4%. However, remaining a constant mystery, the wages of employees keep soaring in rather a sluggish way, notwithstanding the historically low level of unemployment.

In April, the hourly wage of private sector employees rallied by an average of 0.15% versus the previous month, hitting $26.84. Apparently, this figure turned to be 2.6% higher than the level of 2017, and a 12-month soar actually corresponds to the trend of recent years. The share of participation (or in other words the share of the population in the labor force) headed south by 0.1%, getting to 62.8%.

In addition to this, a separate measure of unemployment demonstrates that the labor market might not be as firm as the basic level of unemployment states. The given measure, which takes into account part-time employees who would prefer full-time employment, and also staff members who also didn’t want to seek work, inched down to 7.8% in April versus 8% in March.

The Australian dollar slumped from the start of the trading session, but soon it managed to regain lost ground due to the National Bank of Australia's report on business confidence

70vEBTV9zYq6VeFv_640x320_q80v3.jpg
 
Business confidence jumps to +21pts in Australia

More: https://fbs.com/analytics/news/busi...nglish&utm_content=SebastianAnalyticsDCashPal

07.05.2018

As follows from the report of the National Bank of Australia on business confidence, the index of business conditions managed to tack on by 6pts hitting +21. It appears to be the highest outcome since the beginning of the poll in March 1997. As for the index of business confidence, it also rallied by 2pts coming up with +10 points, considerably surpassing its historical average of 6pts.

According to the chief economist at the NAB Group, Alan Oster in the April survey the record business activity index underpins what turned out to be apparent from the middle of the previous year, clearly showing that business activity in Australia is sturdy enough.

As a matter of fact, conditions have surged in all industries, except for retail and manufacturing.

Market experts pointed out that there are some worries that retail conditions have appeared to be downbeat for the first time of 2018. What’s more – worries about the weakness of retail trade have receded because of a considerable improvement in the conditions in this industry for the last two months.

On components, the terms of sales, profitability as well as employment conditions in April demonstrated upbeat outcomes and they are still above their historical average.

As some financial analysts point out the improvement in the employment index was particularly appreciated in the face of the fact that not so long ago the Australian Bureau of Statistics posted a slowdown in employment surge. Apparently, NAB Survey has coped perfectly with short-term cycles in ABS data. Market experts are assured that the labor market keeps improving.

As for changes in the leading indicators, they happened to be mixed this month, while remaining at a firm level.

The study keeps pointing to lower inflation as well as wage surge.

5-frbnh4qiWULkQI_640x320_q80v3.jpg
 
"Why to join FBS affiliate program?

Actually, the real question is why not?

https://fbs.com/affiliate?utm_sourc...nglish&utm_content=SebastianaffiliateDCashPal

Our partnership program will be a real revolution of your income;
☑ Profit without risks and investments even if you are not a trader.
☑ Get commission up to $80 per each lot traded by your client.
☑ Non limited earnings - the more active you are, the more money you make.

Get your partner link NOW

- - -
#FBS #affiliate #Forex #BestBroker

44B5d5P.jpg
 
Trading using economic releases

You can snatch a large sum of money trading news. By news, we mean various economic data releases.
The economic calendar is the key tool that helps traders not to miss important events.
The key principle – the future value of the currency is defined based on whether the actual data hits, misses or exceeds consensus forecast.

Tips:

Focus on the most important news that could produce the greatest effect on the market;
Wait for the publication of the chosen release,
The market’s reaction lasts from 30 min up to 2 hours;
Don’t rush into trade; wait for really strong signals and their confirmation.

Read the complete strategy here ⤵
https://fbs.com/analytics/guidebook...nglish&utm_content=SebastianaffiliateDCashPal
-------------------------------------------------------
#Tradingnews #FBS #Forex #Analysis

9SEclZB.jpg
 
Forex today: Iran nuclear deal is on the arena

More in: https://fbs.com/analytics/news/fore...nglish&utm_content=SebastianAnalyticsDCashPal

08.05.2018

Trump is to make a decision on the Iran deal on Tuesday at 21 MT time. Although most of the factors say the US will leave the deal, it can be some twists from Mr. Trump. Moreover, French President Mr. Macron, UK Prime minister Mrs. Merkel and UK Foreign Secretary Mr. Johnson appeal to US President not to tear up the deal.

1525767569-23dabd116394f8d911bf7d507ce79daf_1200x1200_q90v3.jpg


The oil market is continuing to rise. On Monday Brent and WTI reached the highest levels since the end of 2014. Although both benchmarks lost some points and could not stick at the top, prices remained the highest since the October 2017. On Tuesday, Brent and WTI are not showing an extensive trading, but maybe the decision of Mr. Trump will support the crude. Brent is near $75.50, WTI is at $70.
The US dollar is steady. The greenback is trading near 92.60. As a result, there are no noticeable changes in the movement of other currencies.
On Monday, the euro fell below 1.19 for the first time this year as German factory orders and euro zone investor sentiment showed a dramatic decline. The EUR/USD pair managed to rebound and end the trading day above 1.19, however, on Tuesday, the pair is moving to that level again. If the euro plunges below 1.19, the next support will lie at 1.1860.

1525767588-ece6c3cfd6736c88dad910dc12d69721_1200x1200_q90v3.png


As geopolitical tensions are increasing because of the Iran deal, the yen is appreciating against the USD. On Monday, USD/JPY could not break the resistance at 109.27 and fell. The pair is moving to the 100-day MA (108.60) that will become a support. If the US do not leave the Iran deal, the pair will have chances to come back to the resistance at 109.27.

1525767606-9979bfdacf87e6ddf67fc3a1764756d7_1200x1200_q90v3.png


The Australian dollar fell after the release of the retail sales’ data. The currency is moving to the support at 0.7480. Later this day at 12:30 MT time the annual budget release will be out. If the data is encouraging, the aussie will be able to move to the pivot point at 0.7530. If the release is weak, the pair will break the support at 0.7480 and move to the next one at 0.7420.

1525767625-875612112b44805221d72d28a5294877_1200x1200_q90v3.png


The Canadian dollar highly depreciates against the US dollar. USD/CAD pair reached to resistance at 1.2945. If the pair breaks this level, the next resistance is at 1.30.

1525767644-bd82db647f8628d84c81f807d5b0e017_1200x1200_q90v3.png


That is all for today. Follow markets news with us!
 
Gold slumps due to the continued appreciation of the dollar

More: https://fbs.com/analytics/news/gold...nglish&utm_content=SebastianAnalyticsDCashPal

08.05.2018

On Tuesday, gold dived in the face of the continued ascend of the evergreen buck.

June delivery gold futures gained 0.14% on the Comex exchange hitting $1312.20 per troy ounce.

The previous week, gold dived to a minimum of two months and reported a third consecutive diving week.

The US dollar index, normally estimating the purchasing power of the US currency against the group of six leading currencies, tacked on 0.3% showing 92.89, which turns out to be the highest result this year.

The appreciation of the major American currency generates a decline in demand for gold as well as other commodities traded in the US currency, thus making them less accessible to those who hold other currencies.

In recent weeks, the growing revenue of American government bonds along with upbeat economic reports has bolstered forecasts of a steady rate of the key US bank’s interest rate hike this year.

At the moment, the US major financial institution predicts two more interest rate lifts in 2018, although some traders expect that there will be up to three more such lifts.

In its statement on the outcomes of the two-day gathering, the previous week the Federal Open Market Committee of the Fed recognized the surge of inflation, proceeding with the way to a second interest rate lift in 2018 as a result of its June gathering.

Market participants keep monitoring the development of the geopolitical situation before today the American President Donald Trump is going to talk about the future of a nuclear deal with Iran, which he repeatedly threatened to break.

As for other metals, silver futures inched down to $16.48 per troy ounce on the Comex exchange, while platinum futures sank 0.35% being worth $910.10.

Copper futures dived 1.17% being worth $3,044 per pound.

9OqGyrN7V4sa0Q6z_640x320_q80v3.jpg
 
Chinese and Hong Kong equities rally amid receding worries of a trade war

Keep reading: https://fbs.com/analytics/news/chin...nglish&utm_content=SebastianAnalyticsDCashPal

08.05.2018

On Tuesday, the Chinese stock market demonstrated a considerable soar in the results of the trading session in the face of hopes that the resumption of talks between China and the United States will help to avert a trade war.

The CSI300 index, tracking the value of securities of the leading companies traded in Shanghai and Shenzhen, headed north 1.2% getting to 3,878.82. The Shanghai Stock Exchange's Shanghai Composite Index soared 0.8%, concluding at 3.161.59.

The subindex of the financial sector CSI300 soared by 1.67%, the consumer sector leapt 1.12%, the real estate sector gained by 2.47% and the healthcare sector slumped by 0.17%.

The smaller Shenzhen index concluded with a 0.77% soar, and the index of startups ChiNext Composite inched up 0.25%.

The largest percentage jump in the Shanghai Composite index was demonstrated by the equities of Beijing Aerospace Changfeng Co Ltd – they inched up by 10.03%. Kunshan Kersen Science & Technology Co Ltd and Chemistry Engineering Co Ltd soared 10.03%.

Aurora Optoelectronics Co Ltd declined 10%. Besides this Jiangsu Lugang Culture Co Ltd and JDM JingDa Machine Ningbo Co Ltd went down respectively 9.92 and 6.07%.

The Hong Kong stock market concluded today's trading also on positive territory that was facilitated by a weakening of worries as for the beginning of a full-scale trade war.

The index of Hong Kong Stock Exchange Hang Seng inched up by 1.4% hitting 30,402.81. Additionally, the index of Chinese companies traded in Hong Kong, rallied 1.5%, ending up with 12.144.79.

Subindex, which tracks equities of energy companies as part of Hang Seng, tacked on by 0.1%, while the information technology sector soared 2.64%. In addition to this, the financial sector rallied 1.29%, while the real estate sector acquired 1.34%.

EYA6YuFRV36BzkHl_640x320_q80v3.jpg
 

Andrea ForexMart

Broker Representative
US Economy Strengthen, says Barkin


The American economy showed unexpected strength but the robust labor market did not trigger major wage pressures, according to the newest Fed Reserve’s regional President on Monday during his first major speech about monetary policy.


Richmond Fed president Thomas Barkin stated that the US economic health was really strong, showing a higher trend growth with low jobless rate and inflation at target. The statement was made at George Mason University in Fairfax, Virginia and Barkin served as a voting member for the rate-setting committee of the Fed this year.


The Federal Reserve has a unanimous decision whether to approve interest rate hike in March, as there are speculations for another two increases in the current year while more policymakers assumed three hikes.


useconomy.PNG
 
Important Economic News.

Bank of England Meeting
Positive economic data from the UK bring the moment of the Bank of England’s rate hike closer. At the last meeting of the central bank, 2 out of 9 MPC members voted for an increase of the interest rate. Although Governor Mark Carney has recently discouraged expectations of a rate hike in May, the regulator may still give clues on its future monetary policy.

An encouraging estimation of the economy will support the pound. Follow the BOE’s report at 14:00 MT time on May 10.

Follow this event on the FBS Economic Calendar https://fbs.com/analytics/calendar?...utm_content=SebastianEconomicCalendarDCashPal
----------------------------
#FBS #BoE #GBP #ForexTrading

LPUDR79.jpg
 
Gold heads south on soaring evergreen buck

More: https://fbs.com/analytics/news/gold...nglish&utm_content=SebastianAnalyticsDCashPal

09.05.2018

On Wednesday, gold slumped on a strengthening greenback and also the growth of revenue on American Treasury bonds after America dared to withdraw from the nuclear deal with Iran. Gold inched down to a minimum of two months.

On Tuesday, the US President Trump announced that America would break up with the nuclear deal with Iran, which spurred the risk of conflict in the Middle East and could also provoke a domino effect for global crude reserves as well as the global economy.

June delivery gold futures slumped by about 0.62% reaching $1305.60 a troy ounce.

Estimating the purchasing power of the greenback against a group of six crucial counterparts the US dollar index hit 93.20, which appears to be the highest reading since December 19 2017.

The evergreen buck rallied due to the surge of revenue of American government bonds above the psychologically crucial level of 3% to the highest reading for two weeks. The abrupt soar in crude prices gave push to forecasts about the probable acceleration of inflation.

If the revenue of American bonds surpasses the value of 3,035%, fixed on April 25, then it’s going to be the maximum since the beginning of 2014.

The appreciation of the US currency makes the most popular yellow metal less accessible to those folks who hold other currencies. Simultaneously, the leap in the revenue of US government bonds diminishes the attractiveness of gold for traders searching for profits.

As for other metals silver futures headed south up to 0.32% on the Comex exchange ending up with a result of about $16.42 a troy ounce. At the same time platinum futures changed insignificantly, demonstrating an outcome of $911.60.

In addition to this, copper futures headed south about 0.2% trading at $3,052 per pound.

aTzX7ntYQbufUYei_640x320_q80v3.jpg
 
American futures soar again

More info: https://fbs.com/analytics/news/amer...nglish&utm_content=SebastianAnalyticsDCashPal

09.05.2018

On Wednesday, the US stock market started higher. Market participants keep evaluating the decision of President Donald Trump as for the US withdrawal from the nuclear deal with Iran as well as the resumption of sanctions against this Middle Eastern country. Traders are also expecting quarterly reports from American companies and also an inflation report in the USA.

The Dow blue-chip futures tacked on 0.46%, the S&P 500 added 0.39%, futures for the high-tech Nasdaq 100 soared by 0.27 %.

Trump told that his country is actually withdrawing from an international agreement of 2015, the objective of which was not to give Iran an opportunity to create nuclear weapons. Moreover, the US President got back to the highest level of economic sanctions against this Middle Eastern country.

On Tuesday, American US stock markets moderately dived responding to news about the deal with Iran. However, on Wednesday the demand for risky assets restored.

On Wednesday, crude inched up by over 2% due to forecasts that the resumption of sanctions against Iran would provoke a further dive in global crude reserves due to difficulties with the export of Iranian oil.

WTI futures ascended 2.49% being worth up to $70.78, Brent crude acquired 2.43% hitting $76.67.

Crude rallied before the publication of fresh reports on commercial crude reserves in America, which will enable to assess the level of demand of the number one consumer in the world and predict the rate of surge in output in this country.

Among the upbeat news is the surge of TripAdvisor equities at the auctions before the market opening after the company's report beat the forecasts of market experts.

The revenue of 10-year American government bonds surpassed the psychologically crucial level of 3%, hitting 3.014%, which is the highest value for two weeks.

6n-DXNcDFU70ILBO_640x320_q80v3.jpg
 
Never Give up - The most certain way to succeed is always to try just one more time!
Starting your own Forex business is another chance to build a brighter future and a wealthy life. All it takes is determination and knowledge.
We are sure that you have the great will to change your life, Yet we have got you covered to make your learning journey smooth and joyfull.

Start NOW with FBS Forex Guidebook ⬇

https://fbs.com/analytics/guidebook...glish&utm_content=SebastianMotivationDCashPal

Always by your side - FBS

- - - - - -
#FBS #Forex #BestBroker

YQ9woSn.jpg
 
FBS Video Services

This video Tutorial is about the best way to work with FBS and
How to verify your profile at FBS?
In order to withdraw money from your FBS accounts and make a deposit with a bank card, you need to verify your profile. Verification also helps to ensure the security of your personal data and monetary funds.
Learn everything about it here
https://fbs.com/analytics/videoless...utm_content=SebastianVideoFBSservicesDCashPal

--------------------------
#FBS #BestBroker #Forex #Services

nYeBWLr.jpg
 
Forex today: a lot of market’s movements

More at: https://fbs.com/analytics/news/fore...nglish&utm_content=SebastianAnalyticsDCashPal

10.05.2018

The US dollar index is slightly lower, however, nothing noticeable. There is no significant movement. The greenback is near 93. Thursday’s economic data will influence the further USD’s movement. CPI and Core CPI will be out at 15:30 MT time. The forecast is encouraging. If the actual data is greater than the forecast, the US dollar will return to previous highs.
The euro managed to turn around after 4-day fall. No important data is anticipated until the next week, so the EUR/USD’s movement will depend on the USD. If the US dollar moves lower, the euro will be able to break the resistance at 1.1860. If the US dollar strengthens after the release of the economic data, the single currency will fall. The next support is at 1.1770.

1525941294-ece6c3cfd6736c88dad910dc12d69721_1200x1200_q90v3.png


There are risks for the pound ahead of the BOE statement (14:00 MT time). GBP/USD rebounded from the 200-day MA and is moving to the pivot point at 1.36. The further movement will depend on the votes. If all 9 members of Monetary Policy Committee vote not to change the rate, GBP/USD will decline to 1.3350; if all of them vote to raise the rate, the pound will go up to 1.3850; if 2-3 of 9 members vote for the rate hike, the pound will find a support at 1.36.

1525941317-19dda06215037e098a5fb4cc5581889f_1200x1200_q90v3.png


The bullish trend in the oil market continues. The rise is not so extensive as it was on Wednesday after US president Mr. Trump announced the US would withdraw from the Iran nuclear deal and re-impose sanctions. Both oil benchmarks Brent and WTI renewed highs of the end of 2014. Brent is trading around $77.70, WTI is slightly above $71.50.
As oil is soaring, the Canadian dollar is highly appreciating against the US dollar. On Wednesday, USD/CAD rebounded from the resistance at 1.2945, formed bearish engulfing and managed to break the support at 1.2860. On Thursday, the pair has broken the support at 1.28. If it is able to close below this level, the next support will lie at 1.2740.

1525941339-bd82db647f8628d84c81f807d5b0e017_1200x1200_q90v3.png


The RBNZ dovish comments pulled the New Zealand dollar down. The central bank kept the interest rate unchanged at 1.75%, lowered its inflation forecast, and noted the deterioration in inflation. It made traders think about the future of the interest rate. The NZD/USD pair is above the support at 0.6920. If the pair closes below it, risks of the further fall will increase. The next support is at 0.6860.

1525941361-dbe19975127e0c15ca3f65ca23e57ce5_1200x1200_q90v3.png


That is all for today. Follow markets news with us!
 
UK manufacturing slumps for a second month in a row

More: https://fbs.com/analytics/news/uk-m...nglish&utm_content=SebastianAnalyticsDCashPal

10.05.2018

In March, manufacturing in the United Kingdom went down for a second month in a row, which turned out to be another sign of a slowdown in economic surge.

The output of British manufacturers headed south 0.1% in March having dived by 0.2% in February, which appeared to be the second consecutive dive after almost a year of growth. This sector found itself under pressure from weak output of electrical equipment as well as pharmaceutical products, as the National Statistics Office reported on Thursday.

This weakness in production in the manufacturing industry provoked a 0.1% surge in total industrial production for the month, partly due to a jump in electricity generation during the cold weather month.

Unlike this soar, extremely unfavorable weather contributed to the low productivity of Britain’s construction sector, while housing, public as well as repair work demonstrated a steep dive.

Today's figures actually confirm previous estimates that the British economy appeared to be very sluggish in the first quarter, as some financial analysts pointed out.

The data points to the continuation of the weak economic tendency in Great Britain, and in the future such information will be taken into account when making a decision at the meeting of the Bank of England scheduled for today.

Until recently, market participants were generally confident that the Bank of England would have rates lifted in May, although this confidence faded away after a series of downbeat economic reports. Financial analysts noted that Britain’s major financial institution hesitates between two different directions.

Officials expressed worries that the withdrawal of the United Kingdom from the European Union could hamper the ability of the British economy to cope with higher demand in the long term, suggesting that interest rates need to be higher.

a_SbVAqh0b8WxHW1_640x320_q80v3.jpg
 
Asia-Pacific stocks close in the green zone

More at: https://fbs.com/analytics/news/asia...nglish&utm_content=SebastianAnalyticsDCashPal

10.05.2018

On Thursday, stock indices of the Asia-Pacific region concluded in the green zone because soaring crude prices helped to increase the value of shares of energy as well as crude companies. Meanwhile, the US President Donald Trump told that within three days he will announce the date of meeting with North Korean leader Kim Jong-un.

The Shanghai Composite Index in China rose 0.48% after official data disclosed that consumer price inflation in the country dived to a 3-month minimum in April in the face of weak food price increases, while producer price inflation surged for the first time in seven months. In Hong Kong the Hang Seng index tacked on by 0.9% at the end of the trading session.

In April, consumer prices in China rose by 1.8% year on year, although growth turned to be weaker than the previous outcome of 2.1% and market experts forecast 1.9%, as the National Bureau of Statistics informed. It also became known that producer prices added in April at an annualized rate of about 3.4% having leapt 3.1% in March. Market experts were expecting a jump of 3.5%.

Japanese stocks rallied against the backdrop of an increased risk appetite because crude prices soared, and market participants were digesting a raft of local economic data.

Japan's Ministry of Finance told that in March the current account surplus amounted to Y3,122 trillion it turns to be higher than the market experts’ estimate of Y3009.2 billion as well as the previous outcome of Y2.076 trillion.

Toyota Motor ramped up its capitalization by 2.3% to hit a fresh three-month maximum after publishing its annual outcomes and announcing the redemption of shares.

In addition to this, shares of Ajinomoto tacked on by 4.3% after the announcement of the redemption of equities.

jCWTj2bu4OQXPs-A_640x320_q80v3.jpg
 
#WeeklyCryptoNews

More at: https://fbs.com/analytics/news/#wee...nglish&utm_content=SebastianAnalyticsDCashPal

11.05.2018

Microsoft co-founder Bill Gates: “Bitcoin and other cryptocurrencies are “kind of a pure “greater fool theory” type of investment…Bitcoin and ICOs, I believe completely [they're some] of the crazier, speculative things.”

1526024164-6590176a4920ecc642eae64e102761fc_1200x1200_q90v3.jpg

Author: JStone / Shutterstock.com

Cryptocurrencies

Bitcoin broke down the psychological level of $9,000 and is falling further. The cryptocurrency is trading near $8,800.
A co-founder of Fundstrat Global Advisors Tom Lee is sure that Bitcoin will climb to $15,000 after a conference Consensus that will take place on May 14. According to previous years, the cryptocurrency rose from 10% to 70% after the conference. Earlier Mr. Lee predicted $25,000 for Bitcoin to the end of the year.
Former adviser of US President Donald Trump and former head of Goldman Sachs Gary Cohn announced that the world cryptocurrency will appear later, but it is not Bitcoin. He noted that a potential digital asset would be more understandable and, more likely, would be based on the blockchain.
Ryan Coffey filed a lawsuit against Ripple on behalf of all investors in the XRP cryptocurrency. He accuses the company of illegal trading securities and “an endless ICO.”
A lot of news on Monero. Firstly, the Japanese cryptocurrency exchange Coincheck announced a partial resumption of operations with Monero (XMR). Users can move and sell assets. Secondly, an investment application Circle announced a support of the anonymous cryptocurrency. So application’s users can trade Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, ZCash, and Monero. Thirdly, hackers implemented a mining software Coinhive on more than 400 websites including the National Council for Labor Relations of the United States and the government of the Mexican city of Chihuahua.
Users of a decentralized platform OpenBazaar will be able to trade cryptocurrencies with a 0% commission. Moreover, traders can even not disclose their identity.
An investment fund Galaxy Digital has a partnership with Bloomberg. As a result, a cryptocurrency index Bloomberg Galaxy Crypto Index was launched. It will track BTC, ETH, XMR, XRP, ZEC, BCH, EOS, LTC, DASH, and ETC.
Despite a running prohibition on cryptocurrency transactions in Iran, residents withdraw their money from the country with cryptocurrencies. According to authorities, $2.5 billion are already withdrawn in Bitcoin and other cryptocurrencies. To prevent such situations in the future, the country plans to launch its own national cryptocurrency.

Regulation

A regulation of cryptocurrency exchanges in Japan became stricter. The cryptocurrency exchanges have to strengthen measures on clients’ identification and separate investors' assets from their own. According to the regulator, such cryptocurrencies as Monero, Dash, and Zcash can be used for laundering of money, as a result, the next step of the regulation may be a ban on them.
Attorney General of New York Eric Schneiderman, that requested large cryptocurrency exchanges to disclose information on their activities, left office. Recently the cryptocurrency exchange Coinbase presented information on its activities. The cryptocurrency exchange Kraken refused the request. Maybe after such news, other cryptocurrency exchanges will refuse as well.
SEC (Securities and Exchange Commission) Commissioner Hester Peirce declared that excessive regulation can completely damage innovation. Moreover, she sees an appropriate role for a regulator in taking action when necessary but not monitoring the “sandcastle builders’ every decision.

Cryptocurrency exchanges

The Intercontinental Exchange Corporation, that is an operator of the New York Stock Exchange, is going to launch a platform for large bitcoin traders. Clients will be able to purchase the cryptocurrency and perform payment transactions on Bitcoin futures in Fiat money.
Moreover, banks will have opportunities to make swap contracts, through which clients will get the purchased cryptocurrency the next day.

Blockchain

The first service was created within the framework of the Telegram Open Network project. With the service, users can store their personal data - for example, documents or details of cryptocurrency transactions. The platform will refuse anonymous operations in favor of a partnership with large services, in particular, with the Qiwi payment system.
Facebook created a working group that will look for blockchain solutions for the social network.

Bitcoin $8,832 (-5.11%)

DASH $415.70 (-7.79%)

Ethereum $711.57 (-6.21%)

Litecoin $143.30 (-9.87%)

6-_WlJUtEE3VQsmD_640x320_q80v3.jpg
 
German companies are optimistic about their future, notwithstanding higher risks

More at: https://fbs.com/analytics/news/germ...nglish&utm_content=SebastianAnalyticsDCashPal

11.05.2018

A record number of German companies are assured that the economy in the external markets where they conduct business will improve, notwithstanding the surge of political as well as trade risks. That’s what a study uncovered on Friday pointed out.

About 40% of the 5,100 companies surveyed in March and April by the DIHK Chamber of Commerce and Industry told that they expect positive economic changes in foreign markets over the next 12 months, which appears to be the highest result since the poll started in 2015.

Only 10% told that they expect the economy to weaken, while 50% don’t foresee any changes.

Some financial analysts pointed out that Germen companies see more barriers to trade. However, political meltdowns and economic uncertainties, including Brexit, are visible too.

Nevertheless, the global economy keeps thriving and the German economy undoubtedly derives a number of benefits from this, considering its international character, added financial experts.

In addition to this, market experts told that conflicts in the Middle East and Africa, to say nothing of the US trade protection policy turn out to be primary sources of uncertainty for many German companies.

The given poll was conducted at a time when the dispute over metal duties set by the United States of America was in full swing.

In March, the US President Donald Trump rolled out a 25% duty on steel imports as well as a 10% duty on aluminum, although next month he granted benefits until 1 June for Canada, Mexico, Brazil, the European Union, Argentina and Australia.

His Tuesday’s shocking decision to withdraw the United States from the international nuclear deal reached with Iran in 2015 and also newly- imposed economic sanctions against this Middle-Eastern country can affect all foreign companies that conduct business with the Islamic Republic.

crJoIQ28Puhn__xX_640x320_q80v3.jpg
 
Top