Market Overview - Page 461

The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News..

Ethereum network participants are attempting to raise the network’s block size as a direct response to network congestion. As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees..

Policymakers around the world have upped the pressure on libra, the digital currency being introduced by Facebook, amid concerns it could heavily disrupt the global financial system. On Tuesday, European Central Bank board member Benoit Coeure warned that virtual currencies.

As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages. It’s been a rough week in the overnight funding market, where interest rates temporarily spiked to as high as.

Questions have abounded all week as to how Saudi Arabia, the planet’s third-highest defense spender and steward of the world’s largest oil facility, allowed itself to fall victim to a drone and missile attack that wiped out half of its.

The Federal Reserve cut the key rate by a quarter of a percentage point to 1.75%-2.00%. In the press conference, Powell noted the “favourable” economic forecast, explaining that this easing step was to “provide insurance against ongoing risks”. Strictly speaking,.

Market overview FX: The dollar index now stands at 98.0, returned more than half of the 0.4% gain after the Fed’s comments. EURUSD remains at 1.1050; AUD and CNH continue to weaken; JPY is adding to the dollar. Currency market.

Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin (BTC) pairs. Many are down by over 90% from their all-time highs. Some mid-cap coins have even breached.

Demand for alternative cryptocurrencies has seen their performance rise over the last 24 hours despite bitcoin’s (BTC) failure to take another leg up. It raises the question as to whether the “alt season”, a period where alternative crypto sees considerable.

The U.S. and China are entangled in a trade war, and that’s hurting business and economic activity worldwide. One year on, a resolution is still nowhere in sight. In a poll conducted by Reuters, around 80% of more than 60.

World markets are cautiously waiting for comments from the Federal Reserve Board on monetary policy. It is widely expected that the key rate will be lowered on Wednesday. In addition to the well-known fears about the trade conflicts and the.

The Fed is expected to cut interest rates for the second time in a decade Wednesday, but Fed Chairman Jerome Powell is unlikely to deliver the message markets want to hear on plans for future rate cuts. “He’ll underwhelm everyone.