Crypto News 

South Korean Banks Stop Issuing Accounts for Crypto Trading, Ahead of a Ban

“The South Korean government crackdown on cryptocurrencies continues to intensify, causing many banks to stop issuing accounts that are required for crypto trading” reports financemagnates.com. Officials have been racing to create and implement regulations that will inhibit banks from dealing with crypto trading.All of these steps are being taken with the intent to limit the risks associated with the fast-expanding and relatively unknown field of crypto trading.The FSC has already placed a ban on ICOs within the country, and has cracked down on trading cryptocurrencies on credit.Some of the major…

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GBP News 

FTSE 100 drops after May loses key Brexit vote; BOE decision ahead

“The central bank will deliver its monetary policy decision at noon London time, or 7 a.m” writes Markets Reporter for marketwatch.com. Investors were also looking ahead to the last Bank of England monetary policy meeting and decision of the year.But after raising rates for the first time in a decade in November, the BOE is widely expected to stand pat this time. Source: marketwatch.com Share This:

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News 

Cook County ballot question on legalizing weed blazes ahead

“Cook County commissioners on Wednesday unanimously voted to move marijuana legalization talks to the voters, meaning they will see an advisory question on the March ballot” writes Rachel Hinton for suntimes.com. He called it a “logical progression on moving conversations forward on legalizing marijuana.” Fritchey has been an active advocate for legalization in the county. In October, Fritchey called on the Illinois General Assembly to pass Senate Bill 316 and House Bill 2353 that would establish a path forward for marijuana “legalization, regulation and taxation.” Fritchey was also involved in…

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Markets News Regulators 

Markets muted ahead of the Fed meeting later in the day

“Meanwhile, both the AUD and NZD surrendered gains against the USD and are pretty much trading unchanged for the day” reports forexlive.com. AUD/USD got rejected at levels that I pointed out earlier here It looks like markets are taking a breather before we dive into the FOMC storm later.AUD/USD got rejected at levels that I pointed out earlier  Meanwhile, both the AUD and NZD surrendered gains against the USD and are pretty much trading unchanged for the day. Source: forexlive.com Share This:

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News Regulators 

The Latest: Investors cautious ahead of Fed announcement

“The Latest on the Federal Reserve’s monetary policy meeting (all times local): World stock markets are subdued ahead of an expected interest rate increase from the Federal Reserve” reports foxbusiness.com. However, they will be keeping a close eye on Fed Chair Janet Yellen’s comments during a news conference for signals on how aggressive the Fed might be in raising rates next year.Wall Street was expected to open flat, with futures for the Dow and S&P 500 indexes trading flat.The Fed is widely expected to raise on Wednesday its key interest…

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Markets News Regulators Stocks 

Asian stocks higher ahead of likely US rate hike

“Asian stocks were mostly higher Wednesday following overnight gains on Wall Street as investors looked ahead to a likely U.S. interest rate hike” reports foxbusiness.com. Technology stocks declined the most.Banks and other financial stocks led the gainers as the Fed met to discuss interest rates. Source: foxbusiness.com Share This:

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News 

Video surfaces of Roy Moore being interviewed by 12-year-old girl ahead of Alabama election

“It’s the day of the Alabama senate election and a video has just emerged showing Republican candidate Roy Moore sitting down with 12-year-old Millie March for a campaign interview” writes Gianluca Mezzofiore for mashable.com. In the light of these allegations, Moore has been refusing interviews with media until the election. Source: mashable.com Share This:

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News 

Traders are starting to question whether the US dollar will continue to rally

“A net long position indicates that traders, collectively, are looking for strength ahead” writes David Scutt for businessinsider.com. This chart from ANZ shows net US dollar speculative positioning in the US dollar against other G10 currencies.Currency traders, as a whole, still expect the US dollar to strengthen in the period ahead.While the CoT report only captures positioning reported by the CFTC, not the entire market, it can be used to extrapolate broader views held by currency traders. Source: businessinsider.com Share This:

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Markets News Stocks 

No, bonds aren’t signaling economic trouble ahead. Here’s why

“Second, bond yields also might simply be saying consumer inflation is low and is likely to remain so” writes John Zich for cnbc.com. But it’s at least some comfort to those hearing shrill warnings about what bonds are supposedly telling us.First, demand for U.S. Treasury paper is persistently strong in a world suffering a relative shortage of safe yield. Source: cnbc.com Share This:

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