According to the US Treasury Secretary Steven Mnuchin new regulations for cryptocurrencies will be put in place through the Financial Crimes Enforcement Network which itself is subordinated to the Treasury Department.
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According to the US Treasury Secretary Steven Mnuchin new regulations for cryptocurrencies will be put in place through the Financial Crimes Enforcement Network which itself is subordinated to the Treasury Department.
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Gold is known as the safe-haven asset, and whenever we see a meltdown in the equity markets or prospects of loose monetary policy, its price begins to explode to the upside. The economic weakness isn’t fully baked into economic data, let alone in earnings. Thus, there is no better time to buy gold.
Attachment 38666
Going back to the monetary policy action and why there is serious potential for the gold price to increase; at present, traders and Wall Street are expecting further interest rate cuts from the Fed during their meeting next week. An interest rate cut of 50 basis points is the minimum that investors expect, and according to bigger banks like Goldman Sachs and JP Morgan, we can expect 75 basis points and a full percentage point.
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Attachment 38742
Cycles are pointing to a higher S&P 500.
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Because of the extraordinary situation in the wake of the corona virus outbreak the Cyprus Securities and Exchange Commission (CySEC) gave its brokers more time to report their annual volumes.
The original deadline for submitting the reports was April 12.
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Attachment 39100
While it is tempting to dismiss recent economic data in the light of COVID-19, Wednesday's stock market sell-off shows that, once again, ignoring the present in an attempt to focus only on a rosy view of the future can be expensive for traders.
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Barclays Capital cut the U.S. growth forecast. it's now one of the three worst-hit economies by the new SARS coronavirus.
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With 25 million jobs lost in April, the US Unemployment Rate is at its highest level since the Great Depression - but that’s not the whole story.
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As of Thursday, four major European payment processors, namely Ingenico Group, Nets, Nexi, and Worldline, have created a collaboration and have swiftly moved to action by launching the European Digital Payments Industry Alliance (EDPIA) advocacy.
EDPIA will bury itself with the important task of policy discussion consequences on the EU payments sector, as well as advocating for better, more secure, faster, and more effective payments across EU businesses, public bodies, and regular citizens.
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Retail and bank stocks were hardest-hit on Tuesday.
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The CBO predicts GDP will fall 38% this quarter from the same period last year.
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