What are the main events for this week? Find out from the news!
Daily News: Tuesday, January 16
While you were sleeping, important events happened in the financial world. Our short summing up will help you to be on top of things.
- The yen declined. Japanese authorities can limit the growth of the currency soon. USD/JPY recovered and tried to get to 111.00.
- The euro is steady. After the growth that was caused by optimism about the euro zone’s economic outlook and expectations for the European Central Bank to taper its quantitative easing the euro is calming down and falling to the dollar a little bit from 1.2280 to 1.2240.
- On Monday Sterling was above $ 1.38 for the first time since the decision of Brexit. Now it is falling waiting for the Consumer Price Index that will appear at 11.30 MT time.
- The People’s Bank of China lowered the interest rate on 63-day reverse repos, that brought it in line with other interbank rates.
- Bitcoin is sliding ($13211.25; -2.76%) again because of the comments about tax regulation, crypto exchange shut down, crypto measures, cryptocurrency trading ban of the South Korea’s Finance Minister.
- Cryptocurrency Hedge Funds gained 1,167% as a group in 2017. Bitcoin boom helped them to achieve such height.
- OPEC calls to shorten the oil production do not work. Brent crude price is sliding from the highest in three years in London.
On Monday, China is anticipated to inform that its economic surge speeded down to its slowest outcome for 28 years last year in the face of weakening domestic demand as well as bruising American levies that added pressure on China to come up with more…
In January, American consumer sentiment shrank to its lowest value since US leader was elected more than two years ago because an everlasting shutdown of the federal cabinet and financial market volatility drove worries of a steep deceleration in…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…