Dubai’s DMCC To Unveil Tax-Haven For Cryptocurrencies
Jan 29, 2020 06:07 am UTC| Research & Analysis Digital Currency Commentary
The DMCC (Dubai Multi Commodities Centre), the entity backed by Dubai government has announced their association with Swiss Crypto Valley Venture Capital to setup a cryptocurrency valley in the free zone of the country...
KRW likely to depreciate further along with yuan weakness in the near term, says Scotiabank
Jan 29, 2020 04:35 am UTC| Commentary Economy
The Korean won is expected to depreciate further along with falling KOSPI share index and the yuan weakness in the near term, according to the latest research report from Scotiabank. The 2019 novel coronavirus...
FxWirePro: Asian markets in green, gold slips below $1,570 mark
Jan 29, 2020 03:55 am UTC| Commentary
All the major Asian indices were trading on a higher note on Wednesday. Gold was trading around $1,564 mark while silver was trading around $17.42 mark. Japans Nikkei was trading 0.57 pct higher at 23,345.50...
Australian bonds plunge after Q4 CPI cheers investors amid recovery in financial markets
Jan 29, 2020 03:55 am UTC| Commentary Economy
The Australian bonds plunged during Asian session Wednesday after the countrys consumer price inflation (CPI) for the fourth quarter of this year cheered market investors even as cases of Coronavirus continued to rise in...
U.S. Fed likely to keep interest rate on hold in January
Jan 28, 2020 19:08 pm UTC| Commentary
U.S. Fed is set to meet tomorrow for interest rate decision. According to a TD Economics research report, the Fed officials are expected to almost certainly keep the target range for the funds rate at 1.50-1.75 percent, a...
U.S. consumer confidence continues to rebound in January, index rises to 131.6
Jan 28, 2020 18:07 pm UTC| Commentary
The U.S. consumer confidence rebounded in the month of January. The Conference Boards consumer confidence index rose to 131.6 from 128.2, rising for the second straight month of rebound. The Januarys figure came in above...
U.S. durable goods order rise sharply above expectations in December
Jan 28, 2020 16:58 pm UTC| Commentary
U.S. durable goods orders rose above consensus expectation in December. The new orders surged 2.4 percent, as compared with expectations of a rise of 0.3 percent. The rise was slightly driven by a downward revision of 1...