The three day G-7 summit it France is behind us. Prior to the start, many analysts wondered if it would be a G-7 summit or a G5+2, with the US and the UK forming the +2. It is still unclear as there have been conflicting messages, but French President Macron tried to end the summit on a positive note in what some now refer to as “Macron’s Iranian Drama”. After US President Trump pulled out of the Iran nuclear deal, tensions with Iran have increased. The UK seized an Iranian oil tanker, Iran retaliated, drones were shot down and Iran has...
The Jackson Hole Symposium will start on Friday and analysts expect that US Fed Chief Powell will use it to clarify the central bank’s monetary policy moving forward after cutting interest rates at the last meeting by 25 basis points. Powell will kick-off the gathering with a speech on the challenges of monetary policy. He is expected to mention topics ranging from deglobalization and trade wars, an unusually low interest rate environment, $16.7 billion worth of bond which carry a negative yield, the ongoing attacks against his central bank by...
It is no secret that political events, and strong confrontations in particular - wars, revolutions, protests, have a very direct effect on the currencies exchange rate of the countries involved in the conflict. However, Forex traders often underestimate this factor. Below we look at the impact of ongoing protests in Hong Kong on the exchange rate of the Chinese yuan and the Hong Kong dollar.
With the clock ticking down to October 31st 2019, the date UK Prime Minister Boris Johnson promised to take the UK out of the EU, deal or no-deal, he made his first public attempt to get the EU back to the negotiating table. The biggest issue which has prevented progress remains the Irish border, the only land border the UK will share with the EU. The land border would run between the Republic of Ireland, part of the EU, and North Ireland which is part of the UK. The EU insists on a backstop, negotiated and agreed on by former UK PM May and...
The world of cryptocurrencies continues to evolve rapidly; the number of coins we know is also constantly growing. Bitcoin Cash (BCH) is an example of a relatively new cryptocurrency. It was created in 2017. What is it and what are its main characteristics?
