EUR News Reviews 

EUR Daily Review December 19, 2018

EUR Daily Review for December 19, 2018 When is the German IFO survey and how they could affect EUR/USD? The German IFO Business Survey Overview The German IFO survey for December is slated for release later today at 0900 GMT. The headline IFO Business C   EUR/USD: guided by the technical – Commerzbank Karen Jones, analyst at Commerzbank, explains that the EUR/USD pair has bounced from the November low at 1.1267 and the rallies are likely to find ini   EURUSD Price Shrugs Off Weak German IFO Data, Risks Lie…

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Crypto News 

Bitcoin Payment Processor Closes Seed Investment Round Backed by Tim Draper

“Bitcoin (BTC) payment processor OpenNode has completed a seed investment round with investment from American venture capitalist Tim Draper, according to an announcement on Dec. 18” writes Ana Alexandre for cointelegraph.com. Per the announcement, OpenNode has raised funds from Draper and early stage venture capital firm Draper Associates.”If we combine Bitcoin, blockchain with smart contracts and artificial intelligence, we could create the perfect bureaucracy,” he said.Yesterday Cointelegraph also reported about the launch of Tagomi Holdings Inc., an electronic brokerage startup backed by PayPal co-founder Peter Thiel’s venture capital firm Founders…

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Crypto Markets News 

Galaxy Digital’s Novogratz Does Not Expect Bitcoin Price to Sink Much More

“Novogratz projected that the Bitcoin price will stay between $3,000 and $6,000 in the foreseeable future” writes Ana Alexandre for cointelegraph.com. Speaking on Bloomberg Television, Novogratz opined that there will not be much further decline in the Bitcoin price, despite the recent slump in the market.Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by Bloomberg on Dec. 18.In Novogratz’s view, there will be “a lot of…

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Crypto Futures Markets News 

JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions

“Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18” writes Helen Partz for cointelegraph.com. They purportedly claim that in the past month the index reached its “lowest levels” since the launch of Bitcoin futures trading on Dec. 10, 2017.Moreover, JPMorgan reportedly stated that the average transaction size in the crypto market has dropped to lower than $160, opposed to about $5,000 one year ago.The experts reportedly noted the decreasing index of open interest (OI)…

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News 

Treasury Sec. Mnuchin says U.S., China will meet again in January: Bloomberg

“Treasury Secretary Steven Mnuchin said the U.S. and China will meet in January to try to broker a cease-in the ongoing trade dispute, in an interview with Bloomberg on Tuesday” writes Markets Reporter for marketwatch.com. He also said U.S. President Donald Trump had also not had direct chats with China about a detained executive from Huawei Technologies Co., and that the issue was separate from trade, something which China understands. Source: marketwatch.com Share This:

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JPY News Regulators 

USD/JPY set to continue walking on a tightrope into FOMC meeting decision

“E-minis are trading up by 0.6% currently at session highs though Asian equities aren’t faring all too well so far” reports forexlive.com. It’s a fine balance and markets could easily shift focus from one rhetoric to another after the decision is made.It sure doesn’t look like equities are offering much direction for the yen if anything else as the signals are mixed. Source: forexlive.com Share This:

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GBP News 

Theresa May to allow Brexit alternative votes for MP’s

“That is just what some hard brexiteers want, so a passive hard Brexit by default will suit them just nicely” reports forexlive.com. There is not enough MP’s willing to support May’s deal, so Britain is heading towards a no-deal Brexit.The thinking behind it is that MP’s will see that her plan is the only really viable alternative to avoiding a ‘no-deal’ Brexit.The latest from Theresa May is that she is reported to be in favour of giving MP’s a vote on a range of alternatives to her plans when the…

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Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, December 19, 2018

Frankfurt opening news digest Bitcoin In 2019 — Will It Reach Another High? Bitcoin remains the same asset, whether it’s worth $20K or $3K.   Consumers Cheer Lower Oil Prices But Economic Concerns Loom Oil is now down 40% from its October high. Consumers are thrilled but what does it mean for the 2019 economic outlook?   USD/PHP Prices May Extend Climb as USD/MYR and USD/IDR Fall The Philippine Peso had its worst day against the US Dollar since May, USD/PHP could be vulnerable to reversing its dominant downtrend. Meanwhile…

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News 

Senate easily approves criminal justice legislation

“WASHINGTON (Reuters) – The U.S. Senate on Tuesday overwhelmingly passed legislation long in the making and backed by President Donald Trump to reduce sentences for certain prison inmates” writes Midwest Communications Inc for 95kqds.com. The legislation also aims to establish programs to head off repeat offenders and protect first-time non-violent offenders from harsh mandatory minimum sentences. Source: 95kqds.com Share This:

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News Platforms 

Facebook gave more user data access to tech firms than previously known: report

“Facebook granted major tech companies like Microsoft, Amazon and Netflix access to users’ personal data in ways not previously disclosed, according to interviews and internal documents reported by The New York Times” reports thehill.com. The agreements between Facebook and tech companies applied to more than 150 companies, most of which are technology and online retail sites, the Times reported.”Protecting people’s information requires stronger teams, better technology, and clearer policies, and that’s where we’ve been focused for most of 2018.”.  Source: thehill.com Share This:

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