Interview: NewsBTC With Petr Belousov, CEO of Confideal

Most of the applications of the Blockchain technology is driven by the smart contracts, which have the capability of automating decision making and execution in most of the settings. As most of the big names across industries pour money into creating and implementing these smart contracts into their organization’s operations and workflow, smaller players with … Continue reading Interview: NewsBTC With Petr Belousov, CEO of Confideal

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Interview: NewsBTC With Petr Belousov, CEO of Confideal

Most of the applications of the Blockchain technology is driven by the smart contracts, which have the capability of automating decision making and execution in most of the settings. As most of the big names across industries pour money into creating and implementing these smart contracts into their organization’s operations and workflow, smaller players with … Continue reading Interview: NewsBTC With Petr Belousov, CEO of Confideal

The post Interview: NewsBTC With Petr Belousov, CEO of Confideal appeared first on NEWSBTC.

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USD/CAD Canadian Dollar Falls After GDP Contraction and Dovish Poloz

The Canadian dollar depreciated on Tuesday versus its American counterpart. The monthly gross domestic product report published by Statistics Canada showed a 0.1 percent contraction in August. Declines in manufacturing, mining and the energy industry edged down the indicator despite rises in other sectors. The biggest red flag was the drop in manufacturing which contracted 1.0 percent. Manufacturing was down across the board with the biggest loses coming in chemical manufacturing.

Bank of Canada (BoC) Governor Stephen Poloz discussed the Monetary policy report (MPR) that was published last week before the Canadian Senate Banking Committee. The central bank chief reinstated his forecast of economic expansion at 3.1 percent in 2017 and 2.1 percent in 2018. The Governor focused on four factors of uncertainty: inflation, excess capacity, wage growth softness and high levels of household debt.

The speech in Ottawa was read as dovish with Governor Poloz admitting that: “the economy is likely to require less monetary stimulus over time, but we will be cautious in making future adjustments to our policy rate”.


usdcad Canadian dollar graph, October 31, 2017

The USD/CAD gained 0.46 percent on Tuesday. The currency pair is trading at 1.2892 after a disappointing contraction of Canadian gross domestic product (GDP) of 0.1 percent in August. The Canadian economy is facing a slowdown after an impressive first half. The July GDP reading was flat, and with a small forecasted gain of 0.1 that never materialized investors sold the loonie against the greenback.

The Bank of Canada (BoC) held rates unchanged last week at 1.00 percent. The central bank had already hiked twice in 2017. BoC Governor Stephen Poloz spoke in Ottawa today in front of the Senate Committee on Banking, Trade and Commerce. The policy maker outlined the crucial spot in the economy cycle the Canadian economy is facing. Poloz used the word “caution” when talking about future adjustment to the policy rate which has been read as the two rate hikes will be it for 2017.


West Texas Intermediate graph

Oil prices surged on Tuesday. The price of West Texas Intermediate is trading at $54.37 ahead of the weekly US crude inventories to be released by the Energy Information Administration (EIA) on Wednesday, November 1 at 10:30 am EDT. The supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and other major producers have pushed prices higher as there is talk of a further extension to achieve balance in the energy markets. The rise in prices could unleash a rise in US oil rigs that could offset the gains as more supply is added to the market. This has been the pattern in the market of the last couple of years.

Crude inventories in the US are expected to have fallen 1.5 million barrels last week. Iraqi supply is not to full speed as the government is routing some of the northern Kurdish field production through the south. OPEC members will meet again in Vienna on November 30 to discuss the plans for a supply cut extension.

Market events to watch this week:

Wednesday, November 1
5:30 am GBP Manufacturing PMI
8:15 am USD ADP Non-Farm Employment Change
10:00 am USD ISM Manufacturing PMI
10:30 am USD Crude Oil Inventories
2:00 pm USD FOMC Statement
2:00 pm USD Federal Funds Rate
8:30 pm AUD Trade Balance
Thursday, November 2
5:30 am GBP Construction PMI
8:00 am GBP BOE Inflation Report
8:00 am GBP MPC Official Bank Rate Votes
8:00 am GBP Monetary Policy Summary
8:00 am GBP Official Bank Rate
8:30 am GBP BOE Gov Carney Speaks
8:30 am USD Unemployment Claims
8:30pm AUD Retail Sales m/m
Friday, November 3
5:30 am GBP Services PMI
8:30 am CAD Employment Change
8:30 am CAD Trade Balance
8:30 am CAD Unemployment Rate
8:30 am USD Average Hourly Earnings m/m
8:30 am USD Non-Farm Employment Change
8:30 am USD Unemployment Rate
10:00 am USD ISM Non-Manufacturing PMI

*All times EDT
For a complete list of scheduled events in the forex market visit the MarketPulse Economic Calendar

The post USD/CAD Canadian Dollar Falls After GDP Contraction and Dovish Poloz appeared first on Forex news – Binary options.

Dollar Rebounds Ahead of Private Jobs and Fed Statement

Fed Expected to Hold Rates Awaiting December meeting

The US dollar is higher against most major pairs on Tuesday ahead of the release of private payrolls data and the statement by the Federal Open Market Committee (FOMC). With employment data due for some good news after the hurricane season, a Fed Chair appointment now imminent before the end of the week and progress in the tax reform front the USD has been bid.

The ADP non-farm employment report will be released on Wednesday, November 1 at 8:15 am EDT. The number of jobs gained in the private sector is forecasted to top 200,000 after the negative effects that impacted last month’s report have subsided.

The U.S. Federal Reserve will ends its two day Federal Open Market Committee (FOMC) meeting on Wednesday and release the statement at 2:00 pm. The Fed is not expected to make any changes to the benchmark interest rate that currently sits in the 100–125 basis points range. The CME FedWatch tools shows a 0.5 percent of the rate going down. The December meeting in stark contrast is at a 99.5 percent of it being higher than the current range.



The EUR/USD is flat on Tuesday. The single currency is trading at 1.1653 with the EUR appreciating 0.40 in the first two trading sessions of the week. The balance in the currency pair could break on the USD side on the anticipation of improved private jobs data to be released on Wednesday and ahead of the U.S. non farm payrolls (NFP) report due Friday. The FOMC statement will offer little clues going forward but investors will be looking closely at the language used by the central bank for more hints on the December rate setting meeting.

The Trump choice for the Fed Chair position is now down to Jerome Powell at the Federal Reserve and John Taylor, an economist at Stanford University. Given the opportunity the Trump administration has to reshape the Fed they both could end up in leadership positions as the Vice Chair role is also vacant. Of the two Taylor is thought to be the more hawkish as Powell is part of the current central bank staff that has hiked rates twice this year and on its way for a third, but Powell is certainly not a dove.



The GBP/USD rose 0.57 percent on Tuesday. The currency pair is trading at 1.3283 due to improving odds of a softer Brexit. The pound has also been appreciating ahead of Thursday’s Bank of England (BoE) monetary policy meeting. The UK central bank is thought to have a rate hike ready after a rise in inflation and promising economic recovery. The UK interest rate would rise to 0.50 percent the same level it was before the Brexit referendum.


usdcad Canadian dollar graph, October 31, 2017

The USD/CAD gained 0.46 percent on Tuesday. The currency pair is trading at 1.2892 after a disappointing contraction of Canadian gross domestic product (GDP) of 0.1 percent in August. The Canadian economy is facing a slowdown after an impressive first half. The July GDP reading was flat, and with a small forecasted gain of 0.1 that never materialized investors sold the loonie against the greenback.

The Bank of Canada (BoC) held rates unchanged last week at 1.00 percent. The central bank had already hiked twice in 2017. BoC Governor Stephen Poloz spoke in Ottawa today in front of the Senate Committee on Banking, Trade and Commerce. The policy maker outlined the crucial spot in the economy cycle the Canadian economy is facing. Poloz used the word “caution” when talking about future adjustment to the policy rate which has been read as the two rate hikes will be it for 2017.

Market events to watch this week:

Wednesday, November 1
5:30 am GBP Manufacturing PMI
8:15 am USD ADP Non-Farm Employment Change
10:00 am USD ISM Manufacturing PMI
10:30 am USD Crude Oil Inventories
2:00 pm USD FOMC Statement
2:00 pm USD Federal Funds Rate
8:30 pm AUD Trade Balance
Thursday, November 2
5:30 am GBP Construction PMI
8:00 am GBP BOE Inflation Report
8:00 am GBP MPC Official Bank Rate Votes
8:00 am GBP Monetary Policy Summary
8:00 am GBP Official Bank Rate
8:30 am GBP BOE Gov Carney Speaks
8:30 am USD Unemployment Claims
8:30pm AUD Retail Sales m/m
Friday, November 3
5:30 am GBP Services PMI
8:30 am CAD Employment Change
8:30 am CAD Trade Balance
8:30 am CAD Unemployment Rate
8:30 am USD Average Hourly Earnings m/m
8:30 am USD Non-Farm Employment Change
8:30 am USD Unemployment Rate
10:00 am USD ISM Non-Manufacturing PMI

*All times EDT
For a complete list of scheduled events in the forex market visit the MarketPulse Economic Calendar

The post Dollar Rebounds Ahead of Private Jobs and Fed Statement appeared first on Forex news – Binary options.

Here’s how Highland Capital’s Mark Okada called the Vistra-Dynegy deal

After Vistra Energy and Dynegy announced their $1.74 million deal, Highland Capital Management's Mark Okada discusses his call two weeks ago that a deal between the two would be a good match.

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