RTT - Forex Top Story
Australia Jobless Rate Climbs To 5.5% In December
The unemployment rate in Australia came in at a seasonally adjusted 5.5 percent in December, the Australian Bureau of Statistics said on Thursday.
Crypto News Update
The bloodbath in the cryptocurrency market extended into Wednesday with severe declines in both prices and market capitalization. Going with the flow, the BitConnect coin tanked more than 90 percent as the company said it's shutting down its platform and cryptocurrency exchange. Amid all the gloom, two ETFs, which are focused on investing in global companies involved in blockchain innovation are set to hit the market on Wednesday.
Two Blockchain ETFs Are Hitting The Market
The investing world will be presented with two new products on Wednesday that try to cash in on the blockchain technology that underlies Bitcoin.
T. Boone Pickens Finds Cryptocurrencies A Real Turnoff
American oil tycoon and financier T. Boone Pickens is not at all enthusiastic about cryptocurrencies. The reason is the term itself. "At 89, anything with the word "crypt" in it is a real turnoff for me," the 89-year old famed Texas corporate raider said on Tuesday, in a reply to a question on his Twitter account.
China Banking Regulator Sees Hidden Dangers To Financial Stability
Imperfect internal control mechanisms in financial institutions, high bad debt and shadow banking have impact on the financial system, Guo Shuqing, chairman of the China Banking Regulatory Commission, told the newspaper People's Daily in an interview, published on Wednesday. The resulting hidden dangers threaten China's financial stability, Guo said.
Bitcoin Extends Sharp Slide On Regulation Worries
Bitcoin and other major cryptocurrencies extended their sharp fall from Tuesday into Wednesday morning on prevailing concerns of South Korea and China, the two leading crypto markets, planning severe crackdown on the digital currency market.
European Economics Preview: Eurozone Final Inflation Data Due
Final consumer price data from euro area is due on Wednesday, headlining a light day for the European economic news.
Australia November New Home Loans Climb 2.1% On Month
The total number of new home loans issued in Australia advanced a seasonally adjusted 2.1 percent on month in November, the Australian Bureau of Statistics said on Wednesday - standing at 56,625.
Japan Core Machine Orders Spike 5.7% In November
The value of core machine orders in Japan surged a seasonally adjusted 5.7 percent on month in November, the Cabinet Office said on Wednesday - coming in at 899.2 billion yen.
UK Inflation Eases In December
UK inflation slowed for the first time in six months in December, on air fares and recreational goods costs, official data showed Tuesday. Inflation eased to 3 percent in December from 3.1 percent in November, the Office for National Statistics reported. The rate came in line with expectations and was the first decrease in six months.
France Plans To Regulate Crytpocurrencies
France's Finance Minister Bruno Le Marie called for stringent regulations to control the use of digital currencies for tax evasion and for financing illegal activities and terrorism.
European Economics Preview: UK Inflation Data Due
Consumer and producer prices from the UK are due on Tuesday, headlining a light day for the European economic news.
New Zealand Overall Credit Card Spending Gains 0.2% In December
Overall credit card spending in New Zealand picked up a seasonally adjusted 0.5 percent on month in December, Statistics New Zealand said on Tuesday.
Crypto News Update
South Korean authorities have slightly eased their stance against cryptocurrencies as recent comments from the government suggested that a proposed ban on digital currency exchanges is not likely in the near future. The Singapore central bank chief was positive regarding the future for blockchain, but less enthusiastic about cryptocurrencies. Despite the meteoric rise in their value, asset managers continue to avoid cryptocurrencies and the Indonesia central bank also issued a warning against virtual currencies.
Indonesia Central Bank Warns Against Virtual Currencies
Indonesia's central bank issued a warning against cryptocurrencies on Saturday, saying they were highly risky, and joining its counterparts in other countries in raising concern over the excessive price surge in the unregulated digital currency market.
Singapore MAS Chief Hopes Crypto Tech Will Survive Crash
Ravi Menon, who is the chief of the Singapore's de facto central bank, expressed hope on Monday that technologies underpinning cryptocurrencies and the blockchain would survive a crash in the former, news agency Reuters reported.
European Economics Preview: Eurozone Foreign Trade Data Due
Foreign trade data from euro area is due on Monday, headlining a light day for the European economic news.
U.S. Business Inventories Rise More Than Expected In November
Business inventories in the U.S. increased by slightly more than anticipated in the month of November, according to a report released by the Commerce Department on Friday. The report said business inventories climbed by 0.4 percent in November.
Crypto News Update
Cryptocurrency prices have rebounded after the fears of a severe crackdown by South Korean authorities waned as comment's from the country's finance minister suggested that the proposal to ban digital currency exchanges need more consultations and would take lot of time to materialize. Meanwhile, a deal between the blockchain-based payment processing network Ripple and MoneyGram propped up XRP.
U.S. Consumer Prices Inch Up 0.1% In December, Less Than Expected
Reflecting a sharp pullback in energy prices, the Labor Department released a report on Friday showing U.S. consumer prices rose by less than expected in the month of December. The Labor Department said its consumer price index inched up by 0.1 percent in December after climbing by 0.4 in November.
U.S. Retail Sales Rise 0.4% In December, In Line With Estimates
A report released by the Commerce Department on Friday showed U.S. retail sales rose in line with economist estimates in the month of December. The Commerce Department said retail sales increased by 0.4 percent in December after climbing by an upwardly revised 0.9 percent in November.
Ripple Jumps On News Of MoneyGram Tie-up
US money transfer giant MoneyGram struck a deal with the blockchain-based payment settlement company Ripple to pilot the latter's native currency XRP in MoneyGram payment flows. The price of XRP, popularly known as Ripple, surged as much as 15 percent on the news on Thursday, when most major currencies were down due to fears of a severe crackdown by South Korean authorities.
South Korea Cools Talk Of Cryptocurrency Trading Ban
South Korea's finance minister on Friday sought to calm the cryptocurrency market after an announcement a day ago that the country's justice ministry was planning a ban on crypto exchanges, sending prices of digital currencies such as Bitcoin sharply lower.
China's Exports Rise More Than Forecast
China's exports grew more than expected in December on global recovery but the pace of expansion slowed from November. Exports grew 10.9 percent year-on-year in December, data from the General Administration of Customs showed Friday. The annual rate was faster than the expected 10 percent but slower than the 12.3 percent increase registered in November.
Japan November Current Account Surplus Y1.347 Trillion
Japan posted a current account surplus of 1.347 trillion yen in November, the Ministry of Finance said on Friday - down 5.6 percent on year.
New Zealand Building Permits Soar 11.0% In November
The total number of building permits issued in New Zealand surged a seasonally adjusted 11.0 percent on month in November, Statistics New Zealand said on Friday - standing at 3,262.
Crypto News Update
Bitcoin price plummeted as much as 14 percent as South Korean justice ministry is planning laws to ban trading in cryptocurrencies. Adding to the gloom, billionaire investor Warren Buffett warns that cryptocurrencies are set to have a bad ending.
ECB Minutes Suggest Policy Communication Script May Be Revised Soon
The European Central Bank could change the tone of its monetary policy communication early this year to reflect the improvement in growth prospects, minutes of the latest policy session showed on Thursday.
U.S. Producer Prices Unexpectedly Show Modest Decrease In December
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in producer prices in the month of December. The Labor Department said its producer price index for final demand edged down by 0.1 percent in December.
Sizzling Crypto Market Invites Regulators' Attention
Runaway trends in the price of cryptocurrencies have brought them under the regulators' scanner in several countries, clouding the outlook for what was touted as the next big thing after Internet. South Korea and China, which are among the most active markets for cryptocurrencies, are leading the list of countries that are initiating crackdown measures.
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