Consumers and businesses can shield income from the IRS using cryptocurrencies like bitcoin. The Biden administration wants to change the rules.
Lackluster hiring in China as economy struggles to reach full recovery, data shows
An early look at Chinese business activity in May shows companies were still reluctant to grow their workforce, according to official data released Monday.
Weekly Fundamental US Dollar Forecast: Inflation Fears Linger; May US NFP Due Friday
The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.
Euro Forecast: EUR/USD Price Outlook Positive, Well Placed For More Gains
EUR/USD remains in an uptrend and is in a good position to reach the 1.23 level and then new highs for the year to date as the Eurozone economy improves and coronavirus cases drop.
GBP/USD Weekly Forecast: BoE Hawks vs UK Reopening Concerns
GBP/USD on the front foot to close the week. Bulls aim for YTD peak, while EUR/GBP range is maintained.
Markets Week Ahead: Dow, Euro, Dollar, Oil, Bitcoin, RBA Decision, NFPs
Markets were rather uneventful last week with volatility cooling off as we head into the lull of summer, but event risk on the horizon looks plentiful. What’s in store for the week ahead?
Germany May preliminary CPI +2.5% vs +2.3% y/y expected
Latest data released by Destatis – 31 May 2021
here
This likely owes to some base effects as well but the higher month-on-month readings also suggest that there are rising price pressures at play too.
here
This likely owes to some base effects as well but the higher month-on-month readings also suggest that there are rising price pressures at play too.
ForexLive European FX news wrap: Markets steady, PBOC curbs yuan strength
Forex news from the European trading session – 31 May 2021
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities muted
– Gold flat at $1,903.65
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities muted
– Gold flat at $1,903.65
Former China SAFE official says PBOC has more tools if speculations emerge in FX market
Remarks by former China SAFE official, Guan Tao
The comments are interesting as it could allude to the fact that perhaps the latest move by the PBOC isn’t quite a one-off and they would be happy to quell further yuan strength from hereon. But we’ll have to wait and see to be sure of that.
The comments are interesting as it could allude to the fact that perhaps the latest move by the PBOC isn’t quite a one-off and they would be happy to quell further yuan strength from hereon. But we’ll have to wait and see to be sure of that.
EU proposes member states to ease travel measures ahead of the summer
EU calls for looser restrictions on travel
The commission proposes that fully vaccinated person(s) holding vaccination certificates in-line with the EU digital certificate should be exempt from travel-related testing or 14-days quarantine after having received their second vaccine dose.
The commission proposes that fully vaccinated person(s) holding vaccination certificates in-line with the EU digital certificate should be exempt from travel-related testing or 14-days quarantine after having received their second vaccine dose.