Markets News Regulators 

US dollar struggles near one-week low ahead of Fed rates signal

“The dollar index was down 0.25 percent at 96.86, hovering near a one-week low as it extended losses into the second day” reports cnbc.com. Risk sentiment has been soured by weaker-than-expected economic data out of China and the eurozone, while the Sino-U.S. trade dispute and a collapse in oil prices have added to fears the global economy is fast losing momentum.”The positioning going into the FOMC meeting is very defensive and that’s why we are seeing the dollar weakening,” said Michael McCarthy, chief markets strategist at CMC Markets. Source: cnbc.com Share…

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Futures Markets News Oil 

Oil prices rebound on hints of stabilization in markets

“Oil market investors were also turning their attention to the outcome of a two-day meeting of the U.S. Federal Reserve that is due to end on Wednesday” reports cnbc.com. Global benchmark Brent crude futures rose 0.4 percent, or 23 cents, at $56.49 per barrel.Oil prices rebounded on Wednesday after falling for the past three sessions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize.China’s Shanghai crude futures fell 5.8 percent to trade at 389.4…

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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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Markets News 

One of Canada’s largest investment banks wants a piece of the $194 billion marijuana industry

“The Canadian banks are competing for a slice of an industry that BMO estimates could hit $194 billion globally” writes Jeremy Berke for businessinsider.com. RBC’s entrance into the industry is a sign that bigger investment banks, once reticent, are becoming increasingly comfortable with cannabis deals.The Royal Bank of Canada’s investment banking arm will begin advising marijuana companies on takeovers and stock sales, encroaching on territory that has recently been dominated by smaller investment banks like Canaccord Genuity.One of Canada’s largest banks is moving into marijuana dealmaking. Source: businessinsider.com Share This:

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Markets News Regulators 

Why are markets falling, and are we heading for global recession?

“Oil prices have had a rollercoaster couple of years, so a surge or sudden drop in the price of crude could pose problems for the world economy” writes Nils Pratley Financial for theguardian.com. Added into the mix is the risk that Trump’s trade war with China could escalate with damaging consequences for the world economy.Global growth is forecast to plateau, while some major nations including the US and China are on track to see slower rates of growth.Besides the risks from Brexit, the US-China trade war and the Fed aggressively…

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Markets News Regulators Stocks 

Cramer says stocks are ‘really oversold’ after markets fell to a new low for the year

“CNBC’s Jim Cramer argued Tuesday that stocks are “really oversold” after the market fell to a new low for 2018″ writes Berkeley Lovelace Jr for cnbc.com. Stocks were actually trading higher early Tuesday, rebounding from Monday’s session that saw the market fall another 2 percent. Source: cnbc.com Share This:

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Brokers Crypto Markets News 

A new crypto company backed by Peter Thiel is launching to solve one of the industry’s biggest pain-points, and one trader said it ‘brings something that others haven’t brought so far’

“Crypto market experts have said that lack of prime brokerage services are one of the biggest pain-points keeping out mainstream institutional money” writes Dan Defrancesco for businessinsider.com. Tagomi Holdings, a startup backed by investors including Peter Thiel, went live this week with its electronic prime brokerage services for cryptocurrency markets.After seeing incredible growth towards the end of 2017, crypto markets have been hit hard in 2018.But despite these concerns, prime services are a positive step in the crypto market’s maturation.While it’s a positive step, prime brokerage services aren’t the cure-all…

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Markets News Oil Stocks 

European markets falter as oil prices plummet and U.S. interest rate hikes loom

“European markets were mostly in the red on Tuesday, as crude oil prices plummeted to new lows and investors remained jittery over an expected U.S. interest rate hike” writes Emily Horton for marketwatch.com. Energy stocks were also hit, the National Grid PLC NG., -6.10%  declined by 4%. Source: marketwatch.com Share This:

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Markets News Regulators 

From Jakarta to Buenos Aires, the world feels Fed’s sting

“This effectively tilts the playing field against emerging markets by boosting demand for dollars at the expense of other currencies” writes Midwest Communications Inc for 95kqds.com. The campaign, however, came at the cost of slower growth for the trillion dollar economy.The central bank acknowledges its influence extends beyond U.S. borders, but argues it is bound by a mandate of containing inflation and seeking maximum employment at home.Capital outflows from emerging markets in favor of relatively higher-yielding U.S. assets and the strengthening dollar intensified around April. Source: 95kqds.com Share This:

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