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, […]
An Asia-based research hub, Forkast Insight, has released an in-depth review of how blockchain-related technology is gaining integration in China. The research hub published its first survey findings on the 5th of December, which comprised insights on how the Chinese authorities and corporations were adopting blockchain. The survey showed that blockchain-related technology was quickly becoming […]
This incoming week is very crucial in the economic calendar. First is the upcoming UK election scheduled to hold on Thursday, December 12, 2019. Secondly, the December 15 deadline set by the US for the signing of a preliminary trade pact in which President Trump had threatened more tariff hikes on Chinese goods in case […]
The leaders of the European Union have come to an agreement that no Stablecoin program will be granted permission to operate on European territory until the inherent threats Stablecoins pose to monetary sovereignty has been dealt with. This was announced in a joint statement by the EU Council and the European Commission. Although the bodies […]
Due out today from the United States is nonfarm payrolls report for November. A poll conducted by Dow Jones forecasted an increase of 187,000 jobs while the prediction for the unemployment rate is that it may hold steady at 3.6% previously recorded which is close to a 50 year low. Economists also forecast a 0.3% […]
A board of elite financial regulators in the US has administered a warning to the general public on the inherent dangers of Stablecoins and cryptocurrencies. On the 4th of December, the Financial Stability Oversight Council pointed out in its warning, possible troubles that could arise if Stablecoins gain acceptance. The FSOC was established in 2008, […]
AUDUSD Price Analysis – December 5 AUDUSD has continued to lose ground during the middle of the European session and is currently near its lower daily range, around the 0.6830-25 levels. While increasing the risk of reversal, its weak momentum and reversing the trend from the overbought zone, adds to the negative signals. Key Levels […]
The dollar tumbled down when President Trump announced that the trade deal may have to wait till November 2020 when the US elections will hold. Weeks ago, the President had earlier announced that he and China are in “the final throes” of an agreement in the trade talks which had pushed up demand for the […]
