The US dollar is on a roll, and not only against the Draghi-dragged euro. The greenback is rising across the board and one of the main reasons is the upcoming nomination of a Fed Chair. We do not have a definite name just yet, but there are reasons to suspect it will be John Taylor. [...]
The post USD enjoys a Taylor-ed rally – updates on 5 pairs appeared first on Forex Crunch.
The ECB announced it will be cutting bond-buying to 30 billion per month from January to September 2018, but did not close the door on further purchases beyond that date. The euro reacted with a downfall. What’s next? Here is their view, courtesy of eFXnews: EUR/USD: ECB Cleared The Policy Path For Most Of 2018 [...]
The post How low can EUR/USD go after the ECB decision? 3 views appeared first on Forex Crunch.
The president of Catalonia says he tried to find a way for a dialog and thought that elections would guarantee that the Spanish government would not suspend the autonomy. He said that he did not receive such a guarantee, thus he does not call elections. EUR/USD remains under pressure and slips to a new low [...]
The post Puigdemont does NOT call elections – crisis worsens – EUR pressured appeared first on Forex Crunch.
This is a report by Politico. Yesterday we learned that John Taylor, Jerome Powell and incumbent Janet Yellen are the final candidates for the job of Fed Chair. Yellen is the most dovish of the three. That’s why this report could be USD positive. President Donald Trump has turned the process of nominating the head [...]
The post Reports: Yellen is out – USD is ticking up appeared first on Forex Crunch.
50% less QE: 30 billion instead of 60 billion from the beginning of 2018 through September, more or less as expected. The door is open for more bond-buying afterward. EUR/USD falls to a new low of 1.1760, basically erasing the gains seen in the past day. The high was 1.1835 The European Central Bank was [...]
The post ECB halves bond buys to 30 billion through September 2018 – EUR/USD crashes – live coverage appeared first on Forex Crunch.
A positive development in the Catalan crisis? After very long deliberations, it seems that the Catalan government opts for normal elections and not a declaration of independence. Elections may be held on December 20th and Catalonia’s President Carles Puigdemont is due to appear at a hastily scheduled press conference at 11:30 GMT. This decision could [...]
The post Catalan crisis: Puigdemont calls elections, no independence appeared first on Forex Crunch.
"It is a known fact that cryptocurrencies are quite often abused for illicit financing purposes. And so we do want to have anti money laundering controls, countering the financing of terrorism controls in place. So those requirements apply to activity around cryptocurrency rather than the cryptocurrency itself."
