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.

Fed may not have enough firepower to prevent a recession

President Donald Trump wants the Federal Reserve to help head off a feared economic slowdown, but it’s not clear the central bank has enough firepower left to do so. Besides, some economists say, there’s really not much reason for the... Read more

How the Chinese yuan is likely to perform in three trade war scenarios

The trade war between the U.S. and China has dragged on for more than a year, and it’s starting to turn into a brewing currency war, said analysts. The yuan depreciated past 7 per dollar last week for the first... Read more

What next for Argentina? Historic market crash ramps up fears of another default

Argentina’s historic market collapse has sparked fears that South America’s second-largest country is on track for yet another default. A stunning result in primary polls over the weekend set off a shockwave in financial markets, with the country’s stock market... Read more

Strategist: Yield curves predict ‘absolutely nothing,’ and central banks ‘never run out of bullets’

Fears are rising that a recession looms after a closely watched market metric flashed a warning signal, but one strategist told CNBC the supposed indicator “predicts absolutely nothing.” The yield on the 10-year U.S. Treasury briefly broke below the 2-year... Read more

Trump suggests ‘personal meeting’ with China’s Xi over Hong Kong crisis

President Donald Trump in a tweet Wednesday suggested a “personal meeting” with China’s President Xi over the ongoing Hong Kong crisis, as investors remained on edge about the trade tensions between the U.S. and China. “I know President Xi of... Read more

Dow tanks 800 points in worst day of 2019 after bond market sends recession warning

Stocks plunged on Wednesday, giving back Tuesday’s solid gains, after the U.S. bond market flashed a troubling signal about the U.S. economy. The Dow Jones Industrial Average dropped 800.49 points or 3.05% to 2,5479.42, its biggest point decline of the... Read more

Main yield curve inverts as 2-year yield tops 10-year rate, triggering recession warning

The yield on the benchmark 10-year Treasury note on Wednesday broke below the 2-year rate, an odd bond market phenomenon that has been a reliable, albeit early, indicator for economic recessions. The yield on U.S. 30-year bond fell to a... Read more

Why ZCash (ZEC) suddenly became the crypto market’s black sheep?

The privacy-focused cryptocurrency Zcash has fallen by nearly 15 percent this week as Bitcoin’s dominance approaches 70 percent. According to CoinMarketCap, Zcash was trading at slightly over $66 seven days ago but is now just under $56, a decline of... Read more

Privacy shocker: did Facebook’s Libra plans just go up in smoke?

Facebook claims that the only conversations that were transcribed were from those users who selected that option in the Messenger app. Facebook also claims that it was on for the sole purpose of making sure the transcription application was performing... Read more

Newsflash: Bitcoin price craters below $11,000 as Trump stuns market

The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P 500 came back to bite investors. Bitcoin had entered the day... Read more

Putin Generation: Russia’s loyal youth?

Young people are often looked upon as the generation that are capable of driving change in society and politics. In a country like Russia it’s not that simple, with a split apparent between those that are happy with the status... Read more

No, Argentina is not flocking to BTC in crisis, says macro trader

Crisis in Argentina grips the headlines today. The Argentine peso (ARS) collapsed 30 percent in a matter of minutes yesterday while the stock market caved 48 percent before recovering. Bitcoiners quickly jumped on the narrative to promote the world’s dominant... Read more