Germany’s Central Bank Trials Blockchain Prototype For Trading In Securities

German central bank, Deutsche Bundesbank, which is also the most influential member of the European System of Central Banks ESCB due to its strength and former size, announced the unveiling of a functional prototype of a Blockchain technology-based settlement of securities. Jointly presented with Deutsche Börse, the marketplace for the trading of shares and other…

EUR/USD Prepping For a Bounce After a Steep Retreat

 There is an increasingly stronger case for the Federal Reserve to raise interest rates in December. Following the post-election jitters and subsequent rally in the US dollar, the rapid slide in the EUR/USD is increasingly ripe for an upside reversal after dropping 400 pips in the last 6-sessions. Even though the US dollar has been…

Trump, End of QE Rekindle European Sovereign Debt Fears..

The first is the end of the European Central Bank’s (ECB) quantitative easing (QE) program, which Mario Draghi, the bank’s president, reminded the world in September “is not forever.” The massive monetary stimulus effort, which began in March 2015, has seen the bank purchase nearly €1.2 trillion in euro-denominated public-sector bonds, as of November 25,…

Crude Closes Lower As Hopes For An OPEC Deal Fade..

Crude oil’s fall dominated markets today as investors continue to fear a deal will not be reached at tomorrow’s all-important OPEC meeting. Members hope that global production can be cut to somewhere between 32.5 and 33 million barrels a day from 33.8 million in October. Prices fell as much as 4 percent on Tuesday, wiping…