Market News

The European Securities and Markets Authority (ESMA) has identified certain undesirable practices among CFDs providers, which raise concerns of non-compliance with the product intervention measures introduced a year ago. This became clear from a statement published by the agency.

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WTI paired its steepest weekly losses but the recovery may not last long because of two specific reasons.

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A draft of a bill has been leaked in India inclining some to believe that the Indian government is considering prohibiting the use of cryptocurrencies in the country.

Even though its authenticity can be questioned, the draft which bears the title “Banning of Cryptocurrency & Regulation of Official Digital Currencies” has been circulating in social media through the technology lawyer Varun Sethi.

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Despite the negative reaction from the European Securities Markets Authority (ESMA) to the Polish proposal to allow leverage as high as 1:100 for some qualified retail traders, the national regulator the Komisja Nadzoru Finansowego of Poland (KNF) decided to go ahead with its plans.

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The Reserve Bank of India (RBI), India’s central banking institution, proposes a major reform on the India’s currency trading laws.

A special task force set up by the bank back in February, wants to bring offshore trading in Indian rupees back to the local banks and brokers.

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Recent market panic over economic weakness in Europe and a yield curve inversion is far from justified.

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Forget the trade war noise.

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The Dutch Central Bank announced new rules for all companies dealing with crypto currencies that will take effect from January 2020.

All companies offering exchange services between crypto and fiat currencies and vise versa will have to register with De Nederlandsche Bank (DNB) before 10 January 2020.

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The stock market is ready to test all-time highs on bets the Federal Reserve Bank is a lot more pessimistic than investors are.

If the S&P can rally to its all-time high, full-throated optimism should take over, and clear the path for a strong rally to over 3,150 in quick succession. The risks here are two fold, though. News and hope-driven moves like we had this past week are going be highly susceptible to actual bad news, like continued trade dysfunction between the U.S. and China and the possibility the Fed doesn’t actually cut rates further. Right now, stock investors are discounting both of those possibilities away.

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The Financial Conduct Authority (FCA) in the UK is preparing for a no-deal Brexit and is warning business that they will have 15 months to comply with the new rules in case UK leaves the EU without a deal in the end of October.

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