Financial News

Europe Roundup: Sterling consolidates near 1.2800 amid persisting Brexit concerns, euro tumbles ahead of Spanish election, greenback at 3-week peak on U.S.-China trade hopes - Friday, November 8th, 2019

Market Roundup

  • ECB's Vasle: ECB to continue with present policy until conditions improve
  • Oil falls amid rising stockpiles
  • Gold set for biggest weekly fall in 2-1/2 years

Economic Data Ahead

  • (0815 ET/1315 GMT) Canadian Mortgage and Housing Corp will report housing starts for the month of October.
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U.S. Treasuries gain in muted trading session ahead of FOMC member Brainards speech

The U.S. Treasuries gained during Friday’s afternoon session amid a muted trading day that witnessed data of little economic significance. However, a speech by Federal Open Market Committee (FOMC) member Brainard, due to be delivered today at 13:30GMT, shall provide further direction into the debt market.

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Crypto Technicals: Bitcoin Gold halts upside with 'Gravestone Doji' at 55-EMA, minor correction likely before next leg higher

BTG/USD chart - Trading View

Exchange - Bitfinex

Support: 8.217 (21-EMA); Resistance: 9.031 (55-EMA)

Technical Analysis: Bias turning slightly bearish

Bitcoin Gold has paused upside at 55-EMA resistance and formation of 'Gravestone Doji' at highs adds to bearish bias.

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Digital Currency Revolution Series: Global Regulator Basel (BCBS) To Examine Crypto-Assets Capital Requirements

Basel committee is investigating the capital requirements for crypto assets. The Global banking regulator, the Basel Committee on Banking Supervision (BCBS) appears to be striving to establish as to how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies.

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German bunds remain flat after September trade balance cheers investors amid Brexit uncertainty

The German bunds remained flat during European trading session Friday after the country’s trade balance for the month of September cheered market investors amid ongoing Brexit uncertainties.

The German 10-year bond yield, which move inversely to its price, hovered around -0.247 percent, the yield on 30-year note remained flat at 0.254 percent while the yield on short-term 2-year traded tad down at -0.623 percent by 09:55GMT.

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