Somethingnew

  Top 5 Things to Know in the Market on Monday, September 21st Investing.com  |  Sep 21, 2020 06:45AM Et By Geoffrey Smith  Investing.com -- Stocks are set to tumble on a cocktail of bad news: the virus is surging again in Europe, while the death of Supreme Court Justice Ruth Bader Ginsburg threatens to distract lawmakers from the business of passing a fiscal stimulus package. Bank stocks are under pressure after a weekend report alleging massive complicity in processing illicit funds, while Nikola's founder chairman Trevor Milton has stepped down amid allegations of fraud. Here's what you need to know in financial markets on Monday, September 21st. 1. FinCEN Files send bank stocks tumbling Leaked files from the U.S. Treasury’s Financial Crimes Enforcement Network showed that dozens of global banks had failed to monitor and prevent trillions of dollars of suspect payments passing through their systems over numerous years. While much of the detail was largely historical, the dum

Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: BTC upside capped at $11,600 CRYPTOS  |  Sep 19, 02:06 GMT Twitter and Square CEO Jack Dorsey has yet again reinstated his support for Bitcoin. Bitcoin options open interest is hovering at around 134,000 contracts. Crypto Bitlord accused Ripple of not doing anything to improve the price of XRP. Bitcoin Bitcoin is probably the best native currency of the internet, Twitter CEO  In a recent interview with Reuters, Jack Dorsey, the CEO of Twitter and Square, said that  Bitcoin  is “probably the best” native currency of the Internet as it is consensus-driven and “built by everyone.”  The interview comes shortly after Dorsey’s Square invited other cryptocurrency companies to join an "'alliance" that will pool patents and preserve its open-source spirit. The group is called “Cryptocurrency Open Patent Alliance” (COPA).  We believe there needs to be a global native currency for the internet. Just as everyone should be abl

  US Dollar Outlook Bearish on Mnuchin & Powell Testimonies, Key US Data Sep 20, 2020 11:00 AM +01:0 Dimitri Zabelin ,   Analyst Chart created with  TradingView US DOLLAR FUNDAMENTAL OUTLOOK: BEARISH US Dollar  could retreat after Mnuchin and Powell give their testimonies to House subcommittee Optimistic outlook, upbeat commentary could punish demand for havens, catapult high-beta FX Economic data stabilization is showing modest signs of plateauing as forecasts are recalibrated US DOLLAR OUTLOOK AHEAD OF MNUCHIN, POWELL TESTIMONIES On Wednesday, Fed Chairman Jerome Powell will be testifying to the House of Representatives’ Select Subcommittee on the Coronavirus Crisis. At previous interviews, he has stressed the need for continued monetary support with a growing emphasis on the fiscal side. Mr. Powell has said that monetary policy can only do so much and diplomatically stressed the need for the federal government to step in. RECOMMENDED BY DIMITRI ZABELIN Forex for Beginners Get My