Asia FX flat as dollar steadies on Powell comments; Kiwi sinks on dovish RBNZ
-- Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chair Jerome Powell offered no direct cues...
-- Most Asian currencies moved in a flat-to-low range on Wednesday as the dollar found some strength after Federal Reserve Chair Jerome Powell offered no direct cues...
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=lIkmaPIAU9s VIDEO TRANSCRIPT U.S. Dollar Index Okay, hello everyone, and welcome back! My name is Greg Firman, and this is the ...
-- Chinese consumer inflation shrank in June as persistent concerns over China’s economy kept spending largely limited, while producer inflation contracted for a 20th...
According to PANews, the Hong Kong Monetary Authority (HKMA) announced the list of stablecoin issuer sandbox participants in July, with Standard Chartered being one of the selected entities. Dominic Maffei, the bank's Head of Digital Assets and Fintech, revealed that Standard Chartered is focusing on developing a 'universal stablecoin.' This stablecoin aims to connect various application scenarios, thereby expanding its potential for future development.
EUR/USD suffered a blow Monday as the winds of political uncertainty made a swift reappearance on the continent, encouraging further calls of more pain ahead for...
According to Jin10, multiple Federal Reserve officials are scheduled to deliver speeches in the coming week, and the Consumer Price Index (CPI) data may support slowing the pace of interest rate cuts. Investors will focus on the Federal Reserve's meeting minutes, U.S. September inflation data, and other key events. Here are the macroeconomic highlights that the market will closely watch in the new week (all times are in UTC+0):Wednesday, October 116:00 PM: The Federal Reserve releases its monetary policy meeting minutes.Thursday, October 1212:30 PM: Release of the U.S. September Consumer Price Index (CPI) year-over-year and month-over-month data.12:30 PM: Release of the U.S. Initial Jobless Claims for the week ending October 7.Friday, October 1312:30 PM: Release of the U.S. September Producer Price Index (PPI) year-over-year and month-over-month data.2:00 PM: Release of the preliminary University of Michigan Consumer Sentiment Index for October.
According to Cointelegraph, the United Arab Emirates (UAE) has introduced amendments to its value-added tax (VAT) regulations, exempting transfers and conversions of digital assets, including cryptocurrencies. The UAE’s Federal Tax Authority (FTA) published these changes on October 2, with the new rules also covering VAT exemptions for managing investment funds and other virtual asset services. These exemptions will be applied retrospectively from January 1, 2018, as noted by business consultancy PwC.PwC explained that in the UAE, virtual assets are defined as representations of value that can be digitally traded or converted and used for investment purposes, excluding fiat currencies and financial securities. The auditing firm advised businesses dealing with virtual assets to review their retrospective VAT positions and pay special attention to input tax recovery. UAE-based bookkeeping and tax company Finanshels highlighted that input VAT recovery allows registered businesses to claim back VAT paid on eligible business purchases. PwC also mentioned that correcting historic returns might require voluntary disclosures from virtual asset companies.In addition to VAT exemptions, the UAE has been enhancing its regulations on virtual assets. On September 9, Dubai’s Virtual Asset Regulatory Authority (VARA) and the Securities and Commodities Authority (SCA), the UAE’s federal financial agency, agreed to mutually supervise virtual asset service providers (VASPs). This agreement allows VASPs operating in Dubai to acquire a license from VARA and service the wider UAE by being registered with the SCA by default. Furthermore, VARA has tightened its rules on crypto marketing. On September 26, the regulator mandated that firms promoting digital asset investments include a prominent disclaimer stating that virtual assets may lose their value in full or in part and are subject to extreme volatility.
- The euro slumped Monday, falling to a one-month low, on rising regional political uncertainty, while the U.S. dollar awaits the Federal Reserve's meeting later in...
-- Most Asian currencies retreated on Monday as the dollar rebounded after a blowout nonfarm payrolls report saw fears of high for longer interest rates creep back...
-- Japan’s economy shrank slightly less than initially estimated in the first quarter, as a drop in capital spending appeared to be not as severe as expected, although...