In the past week, after Boris Johnson was declared the winner of the December 12 UK elections, Sterling had a wild run in the hope of an easier Brexit pass. The same may not hold for Pound as during the week, with its market activity, analysts had foreseen it may not trend higher. In the […]
As reported by Reuters, the December 15 deadline set by the United States for the signing of a preliminary pact was reached with both countries agreeing on some certain terms: Highlights of the Preliminary Trade Deal President Trump had already threatened to impose extra tariffs on more than $160 billion Chinese goods; this will not […]
Monetary information will slow towards the end of the year, even though there are still a few important events planned for the new week. Business sectors were shaken by the major events a week ago, the United Kingdom elections, the decline in tariffs between the United States and China, and the FOMC decision. The British […]
The British Pound is still without a doubt the biggest factor in today’s and week’s trading, as it spurs the Conservative victory in the British elections. Boris Johnson pledged that the country would complete Britain’s exit from the European Union by the deadline of January 31, without any doubts. This is what the market trusts […]
On Thursday, after US President Donald Trump announced that Washington was close to a trade agreement with China, crushing the intrigue of safe-haven metal, gold plunged from more than a month’s peak. The record surge in rare palladium, meanwhile, gave no indications of decreasing. Spot gold plunged 0.5% to $ 1,467.04 an ounce. Values reached […]
The Director of the Financial Crimes Enforcement Network, Kenneth Blanco has stated that the cryptocurrency sector is beginning to adhere to the organization’s laws on money transmission services. Blanco mentioned this in a lecture at the American Bankers Association/ American Bar Association Financial Crimes Enforcement Conference which was held on the 10th of December. The […]
In less than 48 hours, the UK election will be held. There have been so many speculations but major polls conducted predicted conservatives win. If the predictions pull through, the British pound will most likely take an upward trend. Sterling has continued to gain strength in its Euro and dollar pairings in anticipation of conservatives […]
In just two days from now, a major event that will set the trend for the currency market for the year 2020, the UK elections will be held. In the face of a Brexit extension, UK prime minister had pushed for an earlier election in the hopes of having a majority conservatives win in the […]
The government of South Korea has announced its intentions to begin taxing capital gains on cryptocurrency transactions. Following a report by The Korea Times on the 9th of December, it was disclosed that the new bill to implement the development will be composed and executed by the Ministry of Economy and finance by 2020. Also, […]
