The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Trump administration reportedly plans to delay China tariffs set to take effect Sunday

The U.S. and China are taking steps to delay the next round of American tariffs set for Sunday as they seek a deal to rein in a raging trade war, The Wall Street Journal reported Tuesday. Negotiators from the world’s... Read more

Despite Rising Ripple Transaction Volume, Analyst Says XRP Still Incredibly Weak

Although many major altcoins saw some relief in the first half of 2019, XRP remained stuck within the lower-$0.30 region, and the recent downturn in the aggregated crypto market that occurred in early-November led XRP to plummet to fresh 2019... Read more

China steps up US soybean purchases as trade talks drag on

China is buying more U.S. soybeans, as both countries try to reach an initial agreement on trade. Between September and November this year, Chinese imports of American soybeans increased 13 times from the same period last year, according to Xiaoping... Read more

Bakkt’s cash-settled BTC futures launch with promising volume

The much-awaited Bitcoin cash-settled monthly futures from Bakkt launched on Dec. 9, recording a volume of 1250 BTC at press time. This is a sharp contrast to the 72 BTC Bakkt saw traded on its futures debut earlier in September,... Read more

Moonshot Bitcoin Price Trigger Needs Halving and 2020 Global Recession

It’s quite difficult to see the long-term bullish picture of bitcoin if the top cryptocurrency has been nothing but bearish lately. After a strong first half, the digital asset has shed over 46 percent from its 2019 high of $13,880.... Read more

Dow Rally Thrills Retail Investors but Why Are Billionaires Running Scared?

The Dow Jones is up 500 points in the past five days and retail investors seem to be happy. But, high profile investors are actively raising cash and encouraging others to do the same. Warren Buffett, James Gartman, and some... Read more

Oil prices slip as weak China exports highlights trade war impact

Oil prices fell on Monday after data showing China’s overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being down to global demand by the Sino-U.S. trade war.... Read more

Hong Kong sees biggest protests since democrats’ election boost

Vast crowds of black-clad demonstrators thronged Hong Kong on Sunday in the largest anti-government protests since local elections last month that boosted the pro-democracy movement seeking to curb controls by China. It was the first time since August that the... Read more

Jobs growth soars in November as payrolls surge by 266,000

The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday. Those totals easily beat the Wall Street consensus. Economists surveyed... Read more

Bitcoin’s bumpy revolution may be only just beginning

It turned out to be a bumpy revolution. Nothing much actually happened for the first few years after bitcoin‘s birth, and it lay largely dormant until after the worst of the period’s economic turmoil had already passed. Soon Bitcoin found... Read more

OPEC+ Agrees to Redistribute Oil Cuts Under Saudi Pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia, which has long carried an outsized share of the burden. The group, which pumps more than half the world’s oil, agreed in... Read more

Consumer Credit Bubble Could Drag Economy into Recession

Consumer credit card delinquency and charge-offs rocketed to seven year highs in the third quarter. At the top 100 U.S. banks, third quarter charge-offs are at levels unseen since 2013. Credit card delinquency occurs when a payment is past due... Read more