#ironfx twitter

[cryptocaptions-blog]

IRONX ICO Review — A WORLD CLASS CRYPTO EXCHANGE

Electronic money is in fever! Having reached an unprecedented height, the bitcoin rate continues to fall sharply, dragging along with many other digital assets. Normal users are shocked, market experts are waiting for what will happen next, call the current status of work is no more than “another adjustment.” In the context of this turmoil, many investors are beginning to look for alternative currencies, many of whom up to now remain in their shadow more successfully than their “financial counterparts.” “ And one of these “quiet docks,” where the big players of the market are ready to be the IRONX EXCHANGE, the largest decentralized trading platform. The Estonian incorporated entity of the Group was awarded a full regulatory licence by the Estonian FIU

What is IRONX EXCHANGE ?

THE BEST IN TRADING

Established in 2010, IronFX is the award-winning leading global online forex trading brand, with 10 trading platforms and over 200 tradable instruments. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages. The Group authorised and regulated by the four premier regulators in the FX world, FCA (UK), ASIC (Australia), FSCA (South Africa) and CySEC (Cyprus)

THE BEST IN CRYPTO

Established in 2017, EmurgoHK, a global leader in blockchain technology, is the venture builder for the Cardano blockchain protocol, and its hugely successful native cryptocurrency, the ADA Coin. Located in one of the world’s most dynamic business hubs, Hong Kong, and perfectly positioned between Northeast and Southeast Asia, EmurgoHK is spreading the revolutionary Cardano protocol across the Pacific Rim.

solution

Fully Regulated Existing Client Base FIAT and CRYPTO Funding 24/7 Support

Our Vision

Our vision is to create a crypto exchange that is created with the traditional trader in mind. This is why we have merged the best in traditional trading from IronFX, with the best in crypto EmurgoHK, to create a world-class crypto exchange. We want our exchange to offer the services that traders are used to, and combine them with the benefits of trading in the crypto currency market. We also want to introduce crypto traders to the benefits that traditional trading offers.

TOKEN

The IRX Token private sale ran from the 20th of June 2018 until the 30th of August 2018, and successfully sold 67,691,787 tokens, at the price of $0.33 (USD) per token, for a value of $22,338,290 (USD). After a successful private sale, IronX has decided to release an additional up to 82,308,213tokens for the public sale*. In addition to the details listed above, any contributor who participates with an amount of greater than $50,000 (USD) will be entitled to bonus tokens. The tokens will be issued as a percentage of the initial tokens purchased by the contributor , and will be vested with the company for 9 months, with 1/3 release every quarter.

ROADMAP

TEAM

PARTNERS

Trading floors are both good for investors and safe. Why ? You do not use it for exchange. For more information contact: website : https://ironx.io/ Whitepaper : https://ironx.io/IronX_WP_Version_1.2.pdf telegram : https://t.me/IronX_exchange Twitter : https://twitter.com/IronXExchange facebook : https://www.facebook.com/IronXExchange/ Reddit : https://www.reddit.com/r/IronX_Exchange/

[fxasker-blog]

DO I NEED TO KNOW A CODING LANGUAGE IN ORDER TO CREATE AN EA OR A STRATEGY WITH goldstar fx?

DO I NEED TO KNOW A CODING LANGUAGE IN ORDER TO CREATE AN EA OR A STRATEGY WITH goldstar fx? Read More http://fxasker.com/question/d3a0ed676f113152/ FXAsker

[icotalk]

IRONX EXCHANGE — THE BEST IN TRADING — THE BEST IN CRYPTO

Electronic money is in fever! Having reached an unprecedented height, the bitcoin rate continues to fall sharply, dragging along with many other digital assets. Normal users are shocked, market experts are waiting for what will happen next, call the current status of work is no more than “another adjustment.” In the context of this turmoil, many investors are beginning to look for alternative currencies, many of whom up to now remain in their shadow more successfully than their “financial counterparts.” “ And one of these “quiet docks,” where the big players of the market are ready to be the IRONX EXCHANGE, the largest decentralized trading platform. The Estonian incorporated entity of the Group was awarded a full regulatory licence by the Estonian FIU

What is IRONX EXCHANGE ?

THE BEST IN TRADING

Established in 2010, IronFX is the award-winning leading global online forex trading brand, with 10 trading platforms and over 200 tradable instruments. IronFX serves retail and institutional customers from over 180 countries in Europe, Asia, the Middle East, Africa and Latin America while providing support in over 30 different languages. The Group authorised and regulated by the four premier regulators in the FX world, FCA (UK), ASIC (Australia), FSCA (South Africa) and CySEC (Cyprus)

THE BEST IN CRYPTO

Established in 2017, EmurgoHK, a global leader in blockchain technology, is the venture builder for the Cardano blockchain protocol, and its hugely successful native cryptocurrency, the ADA Coin. Located in one of the world’s most dynamic business hubs, Hong Kong, and perfectly positioned between Northeast and Southeast Asia, EmurgoHK is spreading the revolutionary Cardano protocol across the Pacific Rim.

solution

Fully Regulated Existing Client Base FIAT and CRYPTO Funding 24/7 Support

Our Vision

Our vision is to create a crypto exchange that is created with the traditional trader in mind. This is why we have merged the best in traditional trading from IronFX, with the best in crypto EmurgoHK, to create a world-class crypto exchange. We want our exchange to offer the services that traders are used to, and combine them with the benefits of trading in the crypto currency market. We also want to introduce crypto traders to the benefits that traditional trading offers.

TOKEN

The IRX Token private sale ran from the 20th of June 2018 until the 30th of August 2018, and successfully sold 67,691,787 tokens, at the price of $0.33 (USD) per token, for a value of $22,338,290 (USD). After a successful private sale, IronX has decided to release an additional up to 82,308,213tokens for the public sale*. In addition to the details listed above, any contributor who participates with an amount of greater than $50,000 (USD) will be entitled to bonus tokens. The tokens will be issued as a percentage of the initial tokens purchased by the contributor , and will be vested with the company for 9 months, with 1/3 release every quarter.

ROADMAP

TEAM

PARTNERS

Trading floors are both good for investors and safe. Why ? You do not use it for exchange. For more information contact: website : https://ironx.io/ Whitepaper : https://ironx.io/IronX_WP_Version_1.2.pdf telegram : https://t.me/IronX_exchange Twitter : https://twitter.com/IronXExchange facebook : https://www.facebook.com/IronXExchange/ Reddit : https://www.reddit.com/r/IronX_Exchange/

[coin-river-blog]

The Daily

Cryptocurrency trading platform Poloniex has delisted eight coins with low liquidity, while another US-based exchange, Gemini, is adding litecoin to its offerings. Also in The Daily, Ironx has been licensed to offer exchange services from Estonia, and Bitmain’s Antpool will sponsor NBA team Houston Rockets with bitcoin cash.

Also read: Coinbase Denies Self-Trading, Kraken Gets Feisty

Poloniex Delists 8 Cryptocurrencies

US-based crypto exchange Poloniex has decided to delist eight coins – bitcoindark (BTCD), bitmark (BTM), einsteinium (EMC2), gridcoin (GRC), neoscoin (NEOS), potcoin (POT), vericoin (VRC), and bitcoin plus (XBC). These digital currencies will be excluded from the platform’s offerings on Tuesday, September 25, at 12:00 ET, according to an announcement published on Twitter this week.

The Delaware-headquartered company advised its customers to finalize all trades and close any positions in these cryptos prior to this date. “Once delisted, you will have 30 days to withdraw any balances in these assets,” Poloniex tweeted. No reasons were given for the delisting but none of the coins ranks in Coinmarketcap’s top 100 which indicates low liquidity may be the main motive, Forklog commented.

In a blog post, Poloniex explains that once the deadline has been reached, withdrawals will be disabled and the assets will be fully decommissioned. “From this point forward, we will be unable to process withdrawals of impacted assets. It is imperative that customers withdraw delisted tokens by the withdrawal deadline,” the exchange informed its users.

Gemini Adds Litecoin to Its Offerings

Gemini, another US cryptocurrency exchange, is adding support for litecoin (LTC) next month. The announcement was made during the Litecoin Summit in San Francisco. LTC will be listed on the New York-based trading platform on October 13, which is also the coin’s birthday, the Litecoin Foundation noted in a tweet.

Recently, Gemini Trust announced it’s launching Gemini Dollar (GUSD), a new stable coin pegged to the US fiat currency. The move was approved by the New York State Department of Financial Services (DFS). The regulatory body is responsible for Bitlicense, the state’s licensing regime for business activities involving cryptocurrencies. According to a study released this week, GUSD accounts can be frozen by the exchange.

New Crypto Exchange Granted License in Estonia

The upcoming trading platform Ironx has been granted regulatory approval by the Estonian Financial Intelligence Unit. The license will allow it to operate as a regulated cryptocurrency exchange from the Baltic country, an EU member-state and a leader in digitization on the Old Continent. Ironx is a joint venture between the online brokerage firm Ironfx Group and Emurgohk, the builder of the Cardano blockchain. The exchange is among the first to receive such approval by a European financial regulator, Finance Magnates reported.

Tallinn, Estonia

Two crypto companies were approved by regulators in Tallinn this past June. Ibinex, a provider of white-label solutions for crypto exchanges and trading software, obtained a license in Estonia giving it the opportunity to launch exchange and wallet services in a European jurisdiction. Cryptocurrency trading platform Coinmetro announced it had secured two licenses in Estonia for crypto-fiat exchange operations and fiat currency e-wallet services.

Earlier this month, Ironfx Group said it expected to launch its crypto exchange in the fourth quarter of this year. Following approval from Estonian authorities, the Ironx Exchange is likely to commence operations in beta by the end of September, initially only for IRX token holders, and the official launch is scheduled for December.

Antpool to Sponsor NBA Houston Rockets with BCH

The National Basketball Association’s team Houston Rockets has agreed to accept sponsorship in bitcoin cash (BCH) from Antpool, one of the world’s largest bitcoin mining pools, 8BTC reported. Antpool is owned by the Chinese mining giant and hardware manufacturer Bitmain. The sponsorship deal is covering the upcoming 2018-2019 season. Its announcement comes weeks after Antpool chose the city of Houston to begin its expansion in the United States where the company plans to grow its client base in the crypto mining industry. A luxury car retailer owned by Houston Rockets owner, billionaire businessman Tilman Fertitta, also accepts payments in bitcoin cash (BCH) and bitcoin core (BTC). Earlier this year, the owner of Dallas Mavericks, entrepreneur and investor Mark Cuban, announced his team will start accepting cryptocurrency for tickets.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.

Images courtesy of Shutterstock, Antpool (Facebook).

Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

[btcpeek2018]

Bancor Reacts to Hack, IronFX Integrates Cardano: Best of the Week ✅ https://t.co/04gW5UG38F 💯 Free Bitcoin For Testing #Bitcoin #BTCPeek #FreeBitcoin #BTC #Free #Earn #FreeBTC https://t.co/HHFgxvusJP

Bancor Reacts to Hack, IronFX Integrates Cardano: Best of the Week ✅ https://t.co/04gW5UG38F 💯 Free Bitcoin For Testing#Bitcoin #BTCPeek #FreeBitcoin #BTC #Free #Earn #FreeBTC https://t.co/HHFgxvusJP

— Michelle Farland (@Earn1BTCfree) July 29, 2018

from Twitter https://twitter.com/Earn1BTCfree

[chloe-jayde]

Dollar recovers from four-month low vs. yen as North Korea fears ease

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

Dollar recovers from four-month low vs. yen as North Korea fears ease

© Reuters. Illustration photo of U.S. Dollar and Japan Yen notes

By Jemima Kelly

LONDON (Reuters) – The dollar recovered from a four-month low against the Japanese yen on Wednesday as investors’ worries over North Korea’s latest missile test eased, boosting appetite for riskier assets.

The yen and Swiss franc – traditionally sought at times of political or financial uncertainty – had both surged on Tuesday, with the franc hitting its strongest against the dollar in two years.

North Korea’s launch of a ballistic missile over Japan’s northern island of Hokkaido had been the primary cause for a risk-off mood across markets on Tuesday, triggering a drop in U.S. bond yields and dragging down the – which measures the greenback against a basket of six currencies – to a 2-1/2-year low.

The index was up 0.3 percent by 0715 GMT on Wednesday.

The recovery in the greenback had begun during Tuesday’s U.S. trading session, with data showing U.S. consumer confidence hitting a five-month high and house prices rising again.

Some investors said risk appetite had also been helped by the response to the North Korean missile test from the U.S. administration. President Donald Trump made a statement saying that the world had received the country’s message “loud and clear” and that all options were on the table.

“Instead of the President responding to the escalation via Twitter, as has happened on many recent occasions, the White House issued an official statement to condemn the action,” said IronFX analyst Charalambos Pissouros.

“This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down “fire and fury”.

The euro had benefited from broad dollar weakness on Tuesday, rising above $1.20 for the first time in 2-1/2 years, but it was back below that level on Wednesday, down 0.3 percent at $1.1944.

The dollar was up 0.3 percent at 110.11 yen following Tuesday’s 0.8 percent slide against the currency, which tends to benefit during times of worry on the assumption that Japanese investors will repatriate funds.

While North Korea-related risks haven’t gone away, the fact that the dollar managed to bounce back sharply from Tuesday’s lows could lend support to the greenback in the near term, said Andrew Bresler, deputy head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

“We’ve certainly remained pretty cautious on the outlook for risk here, and definitely not buying fully into the discounting of the North Korean tensions,” he said.

In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar’s near-term outlook, Bresler said, adding that U.S. economic data would be a focus in coming days

Investors are also gauging the potential economic fallout of Tropical Storm Harvey, which brought catastrophic flooding to Texas this week and shut down nearly a fifth of the U.S’s refining capacity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

[jettadarkwynd]

Dollar recovers from four-month low vs. yen as North Korea fears ease

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

Dollar recovers from four-month low vs. yen as North Korea fears ease

© Reuters. Illustration photo of U.S. Dollar and Japan Yen notes

By Jemima Kelly

LONDON (Reuters) – The dollar recovered from a four-month low against the Japanese yen on Wednesday as investors’ worries over North Korea’s latest missile test eased, boosting appetite for riskier assets.

The yen and Swiss franc – traditionally sought at times of political or financial uncertainty – had both surged on Tuesday, with the franc hitting its strongest against the dollar in two years.

North Korea’s launch of a ballistic missile over Japan’s northern island of Hokkaido had been the primary cause for a risk-off mood across markets on Tuesday, triggering a drop in U.S. bond yields and dragging down the – which measures the greenback against a basket of six currencies – to a 2-1/2-year low.

The index was up 0.3 percent by 0715 GMT on Wednesday.

The recovery in the greenback had begun during Tuesday’s U.S. trading session, with data showing U.S. consumer confidence hitting a five-month high and house prices rising again.

Some investors said risk appetite had also been helped by the response to the North Korean missile test from the U.S. administration. President Donald Trump made a statement saying that the world had received the country’s message “loud and clear” and that all options were on the table.

“Instead of the President responding to the escalation via Twitter, as has happened on many recent occasions, the White House issued an official statement to condemn the action,” said IronFX analyst Charalambos Pissouros.

“This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down “fire and fury”.

The euro had benefited from broad dollar weakness on Tuesday, rising above $1.20 for the first time in 2-1/2 years, but it was back below that level on Wednesday, down 0.3 percent at $1.1944.

The dollar was up 0.3 percent at 110.11 yen following Tuesday’s 0.8 percent slide against the currency, which tends to benefit during times of worry on the assumption that Japanese investors will repatriate funds.

While North Korea-related risks haven’t gone away, the fact that the dollar managed to bounce back sharply from Tuesday’s lows could lend support to the greenback in the near term, said Andrew Bresler, deputy head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

“We’ve certainly remained pretty cautious on the outlook for risk here, and definitely not buying fully into the discounting of the North Korean tensions,” he said.

In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar’s near-term outlook, Bresler said, adding that U.S. economic data would be a focus in coming days

Investors are also gauging the potential economic fallout of Tropical Storm Harvey, which brought catastrophic flooding to Texas this week and shut down nearly a fifth of the U.S’s refining capacity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

[breakbit]

Dollar recovers from four-month low vs. yen as North Korea fears ease

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

Dollar recovers from four-month low vs. yen as North Korea fears ease

© Reuters. Illustration photo of U.S. Dollar and Japan Yen notes

By Jemima Kelly

LONDON (Reuters) – The dollar recovered from a four-month low against the Japanese yen on Wednesday as investors’ worries over North Korea’s latest missile test eased, boosting appetite for riskier assets.

The yen and Swiss franc – traditionally sought at times of political or financial uncertainty – had both surged on Tuesday, with the franc hitting its strongest against the dollar in two years.

North Korea’s launch of a ballistic missile over Japan’s northern island of Hokkaido had been the primary cause for a risk-off mood across markets on Tuesday, triggering a drop in U.S. bond yields and dragging down the – which measures the greenback against a basket of six currencies – to a 2-1/2-year low.

The index was up 0.3 percent by 0715 GMT on Wednesday.

The recovery in the greenback had begun during Tuesday’s U.S. trading session, with data showing U.S. consumer confidence hitting a five-month high and house prices rising again.

Some investors said risk appetite had also been helped by the response to the North Korean missile test from the U.S. administration. President Donald Trump made a statement saying that the world had received the country’s message “loud and clear” and that all options were on the table.

“Instead of the President responding to the escalation via Twitter, as has happened on many recent occasions, the White House issued an official statement to condemn the action,” said IronFX analyst Charalambos Pissouros.

“This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down “fire and fury”.

The euro had benefited from broad dollar weakness on Tuesday, rising above $1.20 for the first time in 2-1/2 years, but it was back below that level on Wednesday, down 0.3 percent at $1.1944.

The dollar was up 0.3 percent at 110.11 yen following Tuesday’s 0.8 percent slide against the currency, which tends to benefit during times of worry on the assumption that Japanese investors will repatriate funds.

While North Korea-related risks haven’t gone away, the fact that the dollar managed to bounce back sharply from Tuesday’s lows could lend support to the greenback in the near term, said Andrew Bresler, deputy head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

“We’ve certainly remained pretty cautious on the outlook for risk here, and definitely not buying fully into the discounting of the North Korean tensions,” he said.

In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar’s near-term outlook, Bresler said, adding that U.S. economic data would be a focus in coming days

Investors are also gauging the potential economic fallout of Tropical Storm Harvey, which brought catastrophic flooding to Texas this week and shut down nearly a fifth of the U.S’s refining capacity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

[cute1dfacts]

Dollar recovers from four-month low vs. yen as North Korea fears ease

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

Dollar recovers from four-month low vs. yen as North Korea fears ease

© Reuters. Illustration photo of U.S. Dollar and Japan Yen notes

By Jemima Kelly

LONDON (Reuters) – The dollar recovered from a four-month low against the Japanese yen on Wednesday as investors’ worries over North Korea’s latest missile test eased, boosting appetite for riskier assets.

The yen and Swiss franc – traditionally sought at times of political or financial uncertainty – had both surged on Tuesday, with the franc hitting its strongest against the dollar in two years.

North Korea’s launch of a ballistic missile over Japan’s northern island of Hokkaido had been the primary cause for a risk-off mood across markets on Tuesday, triggering a drop in U.S. bond yields and dragging down the – which measures the greenback against a basket of six currencies – to a 2-1/2-year low.

The index was up 0.3 percent by 0715 GMT on Wednesday.

The recovery in the greenback had begun during Tuesday’s U.S. trading session, with data showing U.S. consumer confidence hitting a five-month high and house prices rising again.

Some investors said risk appetite had also been helped by the response to the North Korean missile test from the U.S. administration. President Donald Trump made a statement saying that the world had received the country’s message “loud and clear” and that all options were on the table.

“Instead of the President responding to the escalation via Twitter, as has happened on many recent occasions, the White House issued an official statement to condemn the action,” said IronFX analyst Charalambos Pissouros.

“This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down “fire and fury”.

The euro had benefited from broad dollar weakness on Tuesday, rising above $1.20 for the first time in 2-1/2 years, but it was back below that level on Wednesday, down 0.3 percent at $1.1944.

The dollar was up 0.3 percent at 110.11 yen following Tuesday’s 0.8 percent slide against the currency, which tends to benefit during times of worry on the assumption that Japanese investors will repatriate funds.

While North Korea-related risks haven’t gone away, the fact that the dollar managed to bounce back sharply from Tuesday’s lows could lend support to the greenback in the near term, said Andrew Bresler, deputy head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

“We’ve certainly remained pretty cautious on the outlook for risk here, and definitely not buying fully into the discounting of the North Korean tensions,” he said.

In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar’s near-term outlook, Bresler said, adding that U.S. economic data would be a focus in coming days

Investors are also gauging the potential economic fallout of Tropical Storm Harvey, which brought catastrophic flooding to Texas this week and shut down nearly a fifth of the U.S’s refining capacity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

[taylordmorris]

Dollar recovers from four-month low vs. yen as North Korea fears ease

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

Dollar recovers from four-month low vs. yen as North Korea fears ease

© Reuters. Illustration photo of U.S. Dollar and Japan Yen notes

By Jemima Kelly

LONDON (Reuters) – The dollar recovered from a four-month low against the Japanese yen on Wednesday as investors’ worries over North Korea’s latest missile test eased, boosting appetite for riskier assets.

The yen and Swiss franc – traditionally sought at times of political or financial uncertainty – had both surged on Tuesday, with the franc hitting its strongest against the dollar in two years.

North Korea’s launch of a ballistic missile over Japan’s northern island of Hokkaido had been the primary cause for a risk-off mood across markets on Tuesday, triggering a drop in U.S. bond yields and dragging down the – which measures the greenback against a basket of six currencies – to a 2-1/2-year low.

The index was up 0.3 percent by 0715 GMT on Wednesday.

The recovery in the greenback had begun during Tuesday’s U.S. trading session, with data showing U.S. consumer confidence hitting a five-month high and house prices rising again.

Some investors said risk appetite had also been helped by the response to the North Korean missile test from the U.S. administration. President Donald Trump made a statement saying that the world had received the country’s message “loud and clear” and that all options were on the table.

“Instead of the President responding to the escalation via Twitter, as has happened on many recent occasions, the White House issued an official statement to condemn the action,” said IronFX analyst Charalambos Pissouros.

“This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down “fire and fury”.

The euro had benefited from broad dollar weakness on Tuesday, rising above $1.20 for the first time in 2-1/2 years, but it was back below that level on Wednesday, down 0.3 percent at $1.1944.

The dollar was up 0.3 percent at 110.11 yen following Tuesday’s 0.8 percent slide against the currency, which tends to benefit during times of worry on the assumption that Japanese investors will repatriate funds.

While North Korea-related risks haven’t gone away, the fact that the dollar managed to bounce back sharply from Tuesday’s lows could lend support to the greenback in the near term, said Andrew Bresler, deputy head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

“We’ve certainly remained pretty cautious on the outlook for risk here, and definitely not buying fully into the discounting of the North Korean tensions,” he said.

In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar’s near-term outlook, Bresler said, adding that U.S. economic data would be a focus in coming days

Investors are also gauging the potential economic fallout of Tropical Storm Harvey, which brought catastrophic flooding to Texas this week and shut down nearly a fifth of the U.S’s refining capacity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

[benmauerberger]

Dollar recovers from four-month low vs. yen as North Korea fears ease

New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

Dollar recovers from four-month low vs. yen as North Korea fears ease

© Reuters. Illustration photo of U.S. Dollar and Japan Yen notes

By Jemima Kelly

LONDON (Reuters) – The dollar recovered from a four-month low against the Japanese yen on Wednesday as investors’ worries over North Korea’s latest missile test eased, boosting appetite for riskier assets.

The yen and Swiss franc – traditionally sought at times of political or financial uncertainty – had both surged on Tuesday, with the franc hitting its strongest against the dollar in two years.

North Korea’s launch of a ballistic missile over Japan’s northern island of Hokkaido had been the primary cause for a risk-off mood across markets on Tuesday, triggering a drop in U.S. bond yields and dragging down the – which measures the greenback against a basket of six currencies – to a 2-1/2-year low.

The index was up 0.3 percent by 0715 GMT on Wednesday.

The recovery in the greenback had begun during Tuesday’s U.S. trading session, with data showing U.S. consumer confidence hitting a five-month high and house prices rising again.

Some investors said risk appetite had also been helped by the response to the North Korean missile test from the U.S. administration. President Donald Trump made a statement saying that the world had received the country’s message “loud and clear” and that all options were on the table.

“Instead of the President responding to the escalation via Twitter, as has happened on many recent occasions, the White House issued an official statement to condemn the action,” said IronFX analyst Charalambos Pissouros.

“This may have been interpreted by investors as a sign that the U.S. will approach the situation in a more measured and diplomatic manner, as opposed to raining down “fire and fury”.

The euro had benefited from broad dollar weakness on Tuesday, rising above $1.20 for the first time in 2-1/2 years, but it was back below that level on Wednesday, down 0.3 percent at $1.1944.

The dollar was up 0.3 percent at 110.11 yen following Tuesday’s 0.8 percent slide against the currency, which tends to benefit during times of worry on the assumption that Japanese investors will repatriate funds.

While North Korea-related risks haven’t gone away, the fact that the dollar managed to bounce back sharply from Tuesday’s lows could lend support to the greenback in the near term, said Andrew Bresler, deputy head of sales trading in Asia-Pacific for Saxo Markets in Singapore.

“We’ve certainly remained pretty cautious on the outlook for risk here, and definitely not buying fully into the discounting of the North Korean tensions,” he said.

In the wake of the sharp swings seen in the dollar against major currencies on Tuesday, it is difficult to have a clear view on the dollar’s near-term outlook, Bresler said, adding that U.S. economic data would be a focus in coming days

Investors are also gauging the potential economic fallout of Tropical Storm Harvey, which brought catastrophic flooding to Texas this week and shut down nearly a fifth of the U.S’s refining capacity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More https://worldwide-finance.net/news/commodities-futures-news/dollar-recovers-from-four-month-low-vs-yen-as-north-korea-fears-ease

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