Over the past couple of weeks,  a slew of reports and suggested crypto regulation have come out of the EU. In mid-September, EU finance ministers met in Berlin where crypto was a topic of discussion.
The United States will impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico from midnight Thursday, May 31, ending months of uncertainty over potential exemptions and sharply escalating the risk of a trade war. The announcement by Commerce Secretary Wilbur Ross was sure to cast a long shadow over a meeting of finance ministers from the world's Group of Seven top economies that opens later in the day in Canada.
When oil markets are headed towards rebalancing, any shocks due to supply shortage may lead to a huge spike in prices. Brent prices fell on Tuesday to a low of $73.47 per barrel, indicating that $75 may be a short-term top.
European stocks have started the day on the back foot with the German DAX index being held back by a 5.5% drop in shares of Merck after disappointing earnings.
A major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold?
Not only is the dollar on the verge of a potential comeback, but there is the possibility that the Bank of England on Thursday might sound a lot less upbeat about the economy than the market currently expects.
Britain and the EU are apparently on the verge of securing a Brexit divorce deal, which should pave the way for the second phase of talks – on trade – to begin.
The U.S. Senate’s approval to pass the tax cut bill on Saturday overshadowed the continuing investigation into connections between U.S. President’s inner circle and Russia.
Investors shrug off North Korean threat; oil edges lower as oil producers meet to discuss extension; Bitcoin blasts through $10,000.
The US dollar depreciated against majors in a week that had few economic indicators for investors to digest and left the market speculating about the chances of a US tax overhaul and the impact of the developments in Saudi Arabia over the weekend.