ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for September 12, 2019. See details below: Updated: ECB STIMULUS Today’s announcement of a further cut of 10 basis points in interest rates and the launch of a new asset purchase program mean the ECB is taking very seriously the slowdown in…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 9, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: China’s banks tries its own form of stimulus: China’s reserve ratio will be the lowest level China…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for September 5, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Top of Bitcoin Range Declines: Bitcoin bulls find themselves in all too familiar chart setup - the…
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The Pound is advancing across the board as the UK opposition leaders met today to plot to prevent a no deal Brexit. Boris Johnson is sticking to his do or die Brexit mantra, however, he has expressed a little more optimism that a new deal can still be achieved between the EU and the UK.…
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The US Treasury, or more specifically its Office of Foreign Assets Control (OFAC) has recently blacklisted three Chinese residents and their respective crypto accounts. The reason? Smuggling of drugs and money laundering allegations. The three Chinese individuals are the following: Guanghua Zheng, Xiaobing Yan and Fujing Zheng. All three of them are currently named as narcotics traffickers and…
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It has been no secret that the development arm of the Peoples Bank of China (PBoC) has been working diligently in the background over the past five years over some form of digital currency that would be nationalized and controlled by the central bank. The status of the project has always been in question, but,…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 14, 2019. See details below: FOREX The Yen is currently the most remarkable story in the FX space, as we go through the usual mid-August low liquidity patch. The Japanese currency continues to appreciate against the other majors, noticeably the…
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According to Bloomberg, People’s Bank of China is reportedly close to launching its very own digital currency. While the rumour of China launching a cryptocurrency was long in the air, it is now that a senior official has confirmed that the country is in the final stages of completing the "crypto project". The information comes…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 8, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Markets Bounce Back: Today’s price action slightly resembles the rally that we’ve experienced earlier this year, when…
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If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…
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