Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
Digital currencies decline
On Tuesday, digital coins slumped in Asia due to the fact that the US Securities and Exchange Commission clamped down on ETF names, which could be potentially misleading traders.
As a matter of fact, Bitcoin went down by 2% ending up with a reading of $5,048.9. As for Ethereum, it slipped by 4.2% trading at $161.29. Additionally, XRP dived by 1.9% trading at $0.31919. Litecoin dipped by nearly 5.6% reaching $78.433.
In multiple occasions, the SEC has found out that blockchain was misleadingly utilized in some funds’ names and will currently refuse the term to be referred to in the title of any fund.
The watchdog told that issuers are allowed to utilize materially misleading or deceptive names under the Investment Company Act of 1940.
Besides this, the largest travel management company in Great Britain, Corporate Traveller will currently accept Bitcoin as a payment means, as follows from a press release on April 15.
The company told that they identified a soaring demand from their customers for a possibility to pay in Bitcoin for business travel bookings made by their travel consultants. So, they picked up BitPay in order to manage their merchant processing as they facilitate the whole process of getting BTC or BCH from the client and depositing cash into their account.
In addition to this, on Monday, French Finance Minister Bruno Le Maire told that France is going to urge the EU to have a regulatory framework adopted it approved the previous week.
A financial sector law, which came with regulations aimed at encouraging crypto issuers and investors to set up in France by providing them with some official recognition was passed in France the previous week.
Similar
The British pound falls further ahead of the Cabinet meeting
The news that opposition lawmakers plan to stop Boris Johnson to leave the European Union without a deal increased the political uncertainties in the UK.
The market awaits NFP
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
Latest news
5 important events this week will bring us!
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Deposit with your local payment systems
