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- Written by Helmholtz Watson
- Category: Forex
American companies parking income offshore to avoid tax will be taxed at a rate of 15.5% for cash and cash equivalents in the new GOP tax plan posted Friday. This is up from President Trump's initial 10%. After cutting taxes lawmakers had to source revenue elesewhere.
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- Written by Helmholtz Watson
- Category: Forex
;Bitcoin Fever has taken hold across the world, the worse example appears to be in the US where FOMO players have pushed it on some exchanges as high as $19,500 (GDAX) where as more conventional (yes I did say that) exchanges saw $17,000. That in one problem; Price discovery, the South Korean PM sees it as much worse.
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- Written by CautiousInvestor
- Category: Forex
Bitcoin is currently the leading worldwide cryptocurrency and it is quickly becoming a popular alternative form of payment electronically. Be informed of the risks and how to counter them.
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- Written by Helmholtz Watson
- Category: Forex
German chancellor Angela Merkel was out today saying "Europe needs a strong Germany, it is desirable to get a government in place quickly". Germany still has not formed a government since she won the election but short of a majority.
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- Written by Helmholtz Watson
- Category: Forex
Goldman Sachs $GS is partnering with the Chinese Sovereign Wealth Fund China Investment Corporation (CIC ) to invest $5 billion in American manufacturing WSJ is reporting via sources.
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- Written by Helmholtz Watson
- Category: Forex
The Swiss National Bank Released it's Foreign Exchange Reserves and Swiss Franc Bond Investments (end of Q3 2017) and filed its U.S. stock holdings with the SEC. 40% of it's investments are in the euro with 35% in the U.S. Dollar. 68% in Bonds and 20% in stocks.
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- Written by TradersCom
- Category: Forex
Right on cure for Halloween the CME announced it will be launching futures contracts for the cryptocurrency Bitcoin in Q4 2107 once regulatory measures are completed. Also right on cue Bitcoin launced to new all time highs.
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- Written by Helmholtz Watson
- Category: Forex
The first half of the year saw a rush of cross border credit to China while cross border credit to advanced economies and most emerging markets fell, the largest falls were to borrowers in Chinese Taipei (Taiwan), Brazil and Poland the Bank of International Settlements (BIS) said.
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- Written by Helmholtz Watson
- Category: Forex
Spain's central government in Madrid on Saturday put forward plans to trigger Article 155 for direct rule in the Catalan region in North Eastern Spain. The independance referendum was immediately dismissed by MAdrid nearly 3 week's ago.
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- Written by TradersCom
- Category: Forex
The New Zealand dollar has tumbled in foreign exchange markets after the fallout from the party with the balance of power, First Party after the recent election decision to side with the opposition Labour/Green coalition. The inexperienced Jacinda Arden is the new Prime of Minister of New Zealand which has caused finacial markets to lurche lower.
