The G7 finance chiefs expressed their skepticism towards Facebook’s attempt to issue a digital currency, as they consider that several regulatory problems should be solved before it could be launched. Several regulators, central banks and representatives have highlighted that the new coin should have good enough security standards for the transactions and should respect anti-money-laundering
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Reuters reports on the G7 draft summary as global finance ministers and central bankers are still meeting in Paris But risks remain tilted to the downside Most importantly, trade and geopolitical tensions have intensified ForexLive It’s similar to what major central bank communication has been recently i.e. expecting a recovery to still come through (but
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According to Robert Rennie, head of FM strategy at Westpac, while today’s 21.1k rise in Australia’s full time employment (2.9%yy) was better than expected, the 20.6k drop in part time and 5.24% unemployment rate suggested a softer underlying tone in line with partial data suggesting that jobs momentum has slowed. Key Quotes “It reinforces Westpac’s
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Rebound extends to a second day GBP/USD looks poised to extend the rebound from more than two-year lows today with near-term trendline support holding for now. Traders are awaiting the retail sales data for June, which are due in just under an hour’s time, are expected to show another month-on-month decline. Forecasts are for a
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At an event yesterday, Jerome Powell, the chair of the Federal Reserve, said that the magnitude of the projected rate cut at the upcoming Fed meeting was up for debate. He did, however, indicate that the Fed will definitely be cutting rates as early as July. Meanwhile, the lack of progress in the US-China trade
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Spot silver hit its highest level recorded in four months against the U.S. Dollar yesterday, reaching a rate as high as $16.10 per ounce during the Tokyo session. Yesterday’s daily rise of more than 2.50% in the rate came as analysts are seeing a greater upside in precious metals against the greenback after the Federal
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DXY comes under renewed selling pressure and approaches 97.00. Yields of the US 10-year note plummet below 2.05%. US Philly Fed index, Claims next on the docket. The greenback, in terms of the US Dollar Index (DXY), keeps correcting lower from weekly tops near 97.50. US Dollar Index focused on trade, data After climbing and
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Details better than headline On the headline, the June employment report for June didn’t look too impressive, with a mere net 500 jobs added in the month. However, drilling down into the details showed that 21,100 full-time jobs made up the total with a loss of 20,600 part-time ones. The rest of the numbers held
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BullsEye Forex Trading System: Free Download: http://destyy.com/w2jwpG Please subscribe to receive the latest videos from Forexbooknat channel. Inner Light by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1300021 Artist: http://incompetech.com/
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