The calm before the storm in US-China trade
This week: the US administration continues its anti-trade rhetoric, China grows a little faster than expected, Australian employment figures underwhelm, and the RBA seems unperturbed by household borrowing...
U.S. Leading Economic Index rises in March
20:05 PM|
Commentary
The U.S. Leading Economic Index for March rose after rising in the prior months. The LEI continued with its upward movement, rising 0.3 percent to 109, following a rise of 0.7 percent in the prior month. The index has not...
March global PMI surveys give warning shorts on global growth
19:15 PM|
Commentary
Economy
In the midst of increasing chorus of rising positive views regarding the global economic health, March PMI surveys showed a warning short. The surveys indicated the rate of global economic growth warning for the first time...
Has Bitcoin dust settled? Minor trend seems constructive, intermediate trend yet to confirm – FxWirePro prefers CME BTFs
12:32 PM|
Digital Currency
Research & Analysis
Insights & Views
On daily plotting, BTCUSD was sliding through sloping channel, but bulls, for now, has managed to havebroken out the channel resistance.
Strong support was taken at $6,408 levels. Ever since then bulls have held very...
U.S. Treasuries suffer ahead of initial jobless claims, host of FOMC members’ speeches
11:27 AM|
Commentary
Economy
The U.S. Treasuries suffered Thursday as investors wait to watch the countrys initial jobless claims, scheduled to be released today by 12:30GMT. Also, the Federal Open Market Committees (FOMC) members Brainard, Quarles,...
Global Geopolitical Series: Russia says militants blocking OPCW inspectors from chemical attack site
13:33 PM|
Commentary
As the UN team of inspectors came under gunfire earlier this week while trying to access the site of the alleged chemical attack, Russian Deputy Foreign Minister Mikhail Bogdanov has accused the militants of blocking OPCW...
BOC monetary policy decision: Assessing future bias
14:26 PM|
Commentary
Central Banks
Bank of Canada (BOC) at yesterdays meeting chose to keep the policy rates unchanged at 125 basis points (bps), after three rate hikes since 2017. The overnight lending rate is at 125 bps, the bank rate is at 150 bps and...
U.K. retail sales fall in March, consumer sector outlook likely to remain constructive
16:33 PM|
Commentary
U.K. underlying retail sales dropped in March. Sales, excluding auto fuel fell 0.5 percent to deliver a bigger fall than markets expected but it was closer to the consensus expectations of a fall of 0.4 percent. The...
Euro area current account surplus eases in February
20:33 PM|
Commentary
Current account surplus in the euro area eased in the month of February. Surplus narrowed by EUR 4 billion to EUR 25.1 billion, showed ECB figures today. But that level is still quite high by historical standards, matching...
FxWirePro: Asian markets in red, gold hovers around $1,340 mark
05:20 AM|
Commentary
All the major Asian indices were trading on a lower note on Friday. Gold was trading around $1,340 mark while silver was trading around $17.15 mark.
Shanghai composite index to open down 0.4 pct at 3,105.46 points and...
Shedding some light on Bitcoin futures market mechanism
08:12 AM|
Digital Currency
Research & Analysis
Insights & Views
Its been almost more than a quarter that the worlds largest futures exchange, CME, has launched and has finalized self-certification with the CFTC (Commodity Futures Trading Commission) of its first bitcoin futures...
Top Stories
Blockchain Revolution Series
Dubai’s DTCM launches blockchain-based Tourism 2.0 marketplace
04:01 AM|
Digital Currency
Dubais Department of Tourism and Commerce Marketing (DTCM) has announced the launch of a blockchain-based marketplace connecting potential buyers directly to hotels and tour operators.
Dubbed Tourism 2.0, the initiative...
Class action against Facebook over facial recognition could pave the way for further lawsuits
By Sandeep Gopalan -
06:02 AM|
Insights & Views
Technology
Law
Facebooks privacy problems suffered a major setback in a US Federal Court this week. Judge James Donato of the Northern District federal court in San Francisco allowed a class action brought by Facebook users in Illinois...
Blockchain Revolution Series
Banking consortium executes pilot transactions on blockchain trade finance platform
03:10 AM|
Digital Currency
A consortium consisting of Bank of Montreal (BMO), CaixaBank, Commerzbank, Erste Group, IBM, and UBS, has developed a blockchain-based global trade finance platform, dubbed Batavia, which has successfully completed its...
Facebook’s Extremely Underhanded Method To Avoid EU Privacy Laws, Moving 1.5 Billion Users Around
04:54 AM|
Technology
The General Data Protection Regulation (GDPR) was meant to be the European Unions way of ensuring that the data of its citizens will be protected from misuse such as in the case in the Cambridge Analytica scandal. It was...
Mental illness on campus really is 'a thing'
By Ivor Shapiro -
06:04 AM|
Insights & Views
Health
Unlike his former classmates, Alex isnt writing final exams right now, or searching for a summer job, or choosing electives for next year. Alex is no longer a student at all.
As an academic leader responsible for...
Global Geopolitics Series
Could the US win World War III without using nuclear weapons?
By Dan Plesch -
05:59 AM|
Insights & Views
In the last few years, as the US, Russia and China test each others patience and strategic focus, speculation about the chances of another world war has hit a new high. But many of the people seriously engaged in this...
Blockchain Revolution Series
Chinese telecom titan Huawei launches Blockchain Service platform
10:19 AM|
Digital Currency
Chinese telecom giant Huawei this week launched its blockchain-as-a service (BaaS) platform, CoinDesk reported.
Called Blockchain Service or BCS, the new platform would help companies build smart contracts on top a...
Initial Coin Offering Series
Digital Currency Revolution
South Korean crypto exchange Bithumb to issue own token
05:57 AM|
Digital Currency
South Korean cryptocurrency exchange Bithumb has plans to issue its own cryptocurrency BITHUMB Coin, TokenPost reported.
Recent reports suggest that the startup recently announced the establishment of its unit in...
Apple’s New ‘Do Not Disturb While Driving’ Feature Is Actually Effective
04:05 AM|
Technology
Modern society seems to have come to accept that people drive and use their smartphones at the same time. Its neither safe nor practical, but with so many things that demand attention being cramped into the devices, it can...
Digital Currency Revolution
New York Attorney General launches inquiry into 13 crypto exchanges
04:57 AM|
Digital Currency
New York Attorney General Eric Schneiderman on Tuesday announced the launch of an inquiry into cryptocurrency exchanges.
The Virtual Markets Integrity Initiative will look into the policies and practices of digital...