Market Overview - Page 504

Important upcoming events and publications for May 9 (GMT): 15:30 The Fed Chairman Jerome Powell speech. Risks for USD: High. Market attention is to possible comments on monetary policy. Recently, the Fed hints that do not intend to cut rate.

The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government.

The cryptocurrency space is concerned about whether or not the upcoming Facebook Coin will hurt the Bitcoin market. But according to Spencer Bogart, the social media giant’s entry into the crypto space could be the best thing that ever happened.

In times gone by, any exchange breach or hack would have set shock-waves through the crypto community and sent markets plunging. It may be a sign of a maturing market but the aftermath of the Binance breach has not really.

Market focus This week marks a turn towards safe-havens. Market participants reduce positions in risky assets on fears that the continuation of trade conflicts will significantly pressure the economic activity. A noticeable shift in expectations triggered the process of escape.

China posted a big miss in its overall trade surplus for April, as exports unexpectedly fell and imports surprisingly rose. The numbers came on Wednesday as the trade impasse between the U.S. and China continues to drag on. Customs data.

Important upcoming events and publications for May 8 (GMT): 11:30 ECB President Mario Draghi speech. Risks for EUR: moderate. The speech will be for the youth audience, so it is unlikely that there will be announcements of major changes in.

The Turkish lira hit a seven-month low on Tuesday after the country announced a fresh election for the city of Istanbul on the demands of Turkey’s ruling AK Party, which narrowly lost the commercial hub in municipal elections last March..

Stocks struggled for traction globally on Tuesday as a slew of trade headlines continued to buffet markets. The dollar was steady as Treasury yields edged higher. The Stoxx Europe 600 Index fluctuated in a narrow range as gains for real-estate.

The first ever cryptocurrency has struggled to recapture the enthusiasm and exuberance prior to the 2017 hype bubble pop. Since then Bitcoin price has declined over 85% to its eventual bottom, and a brutal and hard-fought bear market has caused.

The U.S. Commodity Futures Trading Commission (CFTC) is willing to approve an ether futures contract – provided it ticks all the right boxes, a senior official has told CoinDesk. The CFTC, which oversees derivatives markets in the U.S., has already.

EURUSD It seems that the series of bad economic data in the eurozone has been left behind. Monday’s PMI indices in the service sector exceeded expectations in addition to strong inflation data at the end of last week. Due to.