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Next Week News

This is a discussion on Next Week News within the Analytics and News forums, part of the Trading Forum category; A revoking of article 50 now seems in the cards for this Friday, when the EU refuse to extend the ...

      
   
  1. #211
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    Is The U.K. Heading For No-Deal Brexit Or No Brexit At All?

    A revoking of article 50 now seems in the cards for this Friday, when the EU refuse to extend the article 50 period.

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  2. #212
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    The police in Singapore has arrested two men for using multi-level marketing schemes to promote OneCoin – a scam cryptocurrency, founded in 2014 by Ruja Ignatova, also known as the Cryptoqueen.

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  3. #213
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    Trade War Forecasts: Past, Present, and Future

    We have long forecast that the U.S.-China trade dispute -- particularly the countries' escalating technology-related "cold war" and associated battles over technology transfers, investment screens and intellectual property-- would grind on well into 2020, with or without a negotiated trade deal between Washington and Beijing. That said, in late January we also predicted that the two sides would come to an accommodation on tariffs in Q2 2019. Clearly, the Trump administration's 10 May implementation of 25% tariffs on $200bn of Chinese imports (and the pending threat to impose tariffs on the U.S.'s remaining $325bn of Chinese imports) calls the latter prediction into doubt.

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  4. #214
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    Last October the Reserve Bank of Australia (RBA) set in circulation more than 46 million $50 currency notes with an insignificant misspell, but monumental in sheer scope. The value of the misprinted notes is said to be over $2.3 billion AUD, or $1.58 billion USD. Never before has a spelling mistake costed more than now. This is the first time in the history of the RBA that a monetary bill has been issued for public circulation with a misprint, that reoccurs not once but thrice on each of the 46 million bills.

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  5. #215
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    It seems that authorities in Indonesia have decided to tighten forex trading platform rules. The Central Bank of Indonesia (BI) will limit foreign forex brokers to less than 50%, and will also impose certain capital adequacy rules.

    The executive director of financial market at BI said that the maximum foreign ownership for any company that provides electronic forex trading platforms will be set at 49 percent as of October 31, 2019. The official also stated that such firms have to operate as limited liability entities in the country, maintain minimum equity of 10 billion rupiahs (or around USD 700 000) and have a paid-up capital of at least 30 billion rupiahs when establishing the company.

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  6. #216
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    Powell Says Fed Will Act "As Appropriate" To Sustain Economic Expansion

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    Amid growing concerns escalating global trade tensions could spark a recession, Federal Reserve Chairman Jerome Powell has pledged the central bank will take appropriate actions to sustain the U.S, economic expansion. Powell mentioned recent developments involving trade negotiations and other matters in opening remarks at a Chicago Fed conference on Tuesday.

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  7. #217
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    The South Korean Financial Services Commission (FSC) has taken steps to liberalize the retail, over – the – counter (OTC) derivatives market by lowering the minimum deposit requirement for trading such products to 10 million Korean Wons (roughly 8500 USD) from 30 million Korean Wons or 25 300 USD.

    The objective of the authorities is to give the derivatives market a boost in light of the increased interest in the retail crypto market, which is deemed too risky.

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  8. #218
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    Guidelines on how national regulators should oversee virtual assets will be published on June 21 by the Financial Action Task Force (FATF) – an international group authorized with the task of developing recommendations for combating money laundering and financing of terrorism, supported by over 200 countries, among which the United States and all major European powers.

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  9. #219
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    Powell Warns Of Overreacting To Short-Term Swing In Sentiment

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    In a closely watched speech on Tuesday, Federal Reserve Chairman Jerome Powell reiterated that the central bank will "act as appropriate" to sustain the U.S. economic expansion. Powell acknowledged that crosscurrents have reemerged since the Fed's May meeting but did not appear to signal the imminent interest rate cut currently being priced in by the markets.

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  10. #220
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    Dublin-based cryptocurrency exchange Bitsane disappeared without a trace last week, leaving 246 000 clients unattended. Scammers are believed to have fled with cryptocurrency and cash worth millions of euro.

    Users of Bitsane had difficulties withdrawing since May, but the exchange’s support team wrote in emails that withdrawals were only “temporarily” disabled due to technical reasons. Then, on June 17th, it was all gone - Bitsane’s website vanished, and its Twitter and Facebook accounts were deleted. The same happened to the LinkedIn accounts of its CEO Aidas Rupsys and chief technology officer Dmitry Prudnikov. So, now the exchange’s team is absolutely unreachable.

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