Financial News

U.S. Treasuries slip ahead of June retail sales, Fed Chair Powells speech

The U.S. Treasuries slipped during Tuesday’s afternoon session, ahead of the country’s retail sales for the month of June and Fed Chair Jerome Powell’s speech, scheduled for today by 12:30GMT and 17:00GMT respectively.

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Europe Roundup: Sterling at 6-1/2 month low on Brexit uncertainties, euro slumps as German investor morale deteriorates, investors eye U.S. retail sales and Fed Powell's speech - Tuesday, July 16th, 2019

Market Roundup

  • German investor morale darkens on trade disputes
  • EU goods trade gaps with U.S. and China widen
  • UK pay growth strongest since 2008
  • Oil steadies as U.S. supply concerns ease
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Regulatory Series on Cryptocurrencies: Global Regulators and Policy Makers Perspectives on Facebooks Libra

Entire cryptocurrency industry across the globe is under meticulous analysis post-Facebook’s announcement of Libra blockchain payment network. The House Financial Services Committee, Federal Reserve chairman Jerome Powell said that the current Libra framework has not absolutely addressed wider concerns around issues such as “Money laundering, data protection, and consumer privacy.

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Crypto Technicals: ETH/USD pauses correction at cloud base, 'Doji' at lows suggests consolidation

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 201.13 (61.8% Fib); Resistance: 236.44 (110-EMA)

Technical Analysis: Bias Bearish

ETH/USD consolidates break below 110-EMA, bias remains bearish.

RSI is well below 50 and momentum studies are bearish.

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US June retail sales preview

U.S. retail sales statistics for the month of June will be released at 12:30 GMT, today.

Why retail sales and U.S. consumers are important?

  • Domestic consumption of goods contributes about 25% of GDP or around $ 4.9 trillion.
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