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Trade Confidently with Our Funded Program in the Philippines
Trade Confidently with Our Funded Program in the Philippines
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Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
© Bloomberg. Pedestrians gather near a gold and currency exchange store at the Grand Bazaar in Istanbul, Turkey, on Friday, Aug. 17, 2018. Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Photographer: Ismail Ferdous/Bloomberg
(Bloomberg) — Emerging-market assets gained last week as Russia unexpectedly raised interest rates and Turkey hiked its one-week repo rate by more than forecast.
Highlights for the week ended Sept. 14:
Turkey’s lira was the best performer among 22 emerging-market currencies tracked by Bloomberg; policy makers defied President Recep Tayyip Erdogan by jacking up rates more than expected to bolster the flagging lira, lifting rates by 625 basis points to 24 percent; the decision came just after Erdogan said the nation “should cut this high interest rate”
Russia’s ruble flipped to gains from losses on Friday after the central bank unexpectedly raised interest rates for the first time since 2014; inflation risks have been mounting with a slumping currency and threats of U.S. sanctions
President Donald Trump is said to have instructed aides to proceed with tariffs on about $200 billion of Chinese products, even as Treasury Secretary Steve Mnuchin proposed another round of trade talks with Beijing
China’s economic momentum weakened a notch in August, with a continued slowdown in investment overshadowing solid retail sales and industrial production data
The White House sent contradictory messages to North Korea, announcing it’s ready to start planning a second meeting with Kim Jong Un just hours after President Trump’s top national security adviser said nuclear talks were stalled
Asia:
The onshore and offshore both declined for a third week; more than 60 percent of U.S. businesses operating in China were hurt by the initial round of tariffs between the Chinese and U.S. governments, with 74 percent foreseeing harm from future U.S. tariffs and 68% from potential Chinese retaliatory duties, according to a survey of more than 430 American companies
S&P Global Ratings lowered its credit ratings on seven Chinese local government financing vehicles by one notch
South Korean won strengthened; the country’s jobless rate rose to 4.2 percent in August, the highest since January 2010 and up from 3.8 percent in July; it will be difficult for the country’s job situation to improve in the short term
Prime Minister Lee Nak-yon said it is time to start thinking about rate increases
Demand-side inflationary pressure remains tepid and it’s “dangerous” to take preemptive monetary measures at this stage, Bank of Korea board member Shin In-seok said
The economy is continuing to recover, led by exports and domestic consumption, the finance ministry said in its monthly green book report
President Moon Jae-in asked heads of the country’s four biggest conglomerates — Samsung (KS:), Hyundai Motor, SK, and LG — to join his visit to Pyongyang to participate in the inter-Korean summit with North Korean leader Kim Jong Un next week, Chosun Ilbo reported
India’s rupee dropped to a record low before trimming the week’s loss; the government unveiled measures to prop up the sagging currency, including steps to facilitate bond issuance by local companies and possible curbs on imports
Officials from the finance ministry have asked the Reserve Bank of India to do more to maintain adequate liquidity in the banking system, people with knowledge of the matter said
The nation’s inflation eased below 4 percent for the first time in 10 months
The Indonesian rupiah posted its first weekly gain in five; Finance Minister Sri Mulyani Indrawati said authorities want to tighten some rules on exporters and are seeking a fair share of export earnings to be retained in the country
Thailand’s SET Index of stocks rallied as King Maha Vajiralongkorn approved two laws, one for the election of members of parliament, and the other for the selection of senators, according to an announcement in the Royal Gazette
Thailand has no need to raise the key interest rate now as the nation’s inflation remains benign, Finance Minister Apisak Tantivorawong said
The government plans to borrow 1.16 trillion baht ($36 billion) in fiscal year 2019
The Malaysian ringgit rose, halting a 12-week losing streak; the trade war may benefit Malaysia over the next year or so, especially in electronics and steel industries; in the long term, U.S.-China trade conflicts would be negative for the country, Finance Minister Lim Guan Eng said
Lim said Malaysia is paring expectations for how much money it can recoup from the 1MDB sovereign wealth fund, and the country would be “very lucky” to get back just half
Recouping all funds lost through 1MDB may not be possible as the government wouldn’t be able to sell assets at the purchase price and some funds have been squandered, Anwar Ibrahim, president-elect of ruling People’s Justice Party, said
Police are investigating bond sales and transactions by institutions linked to 1MDB, according to Deputy Inspector General Noor Rashid Ibrahim
The Philippine peso weakened a fifth straight week, prompting the central bank to have reactivated a hedging program first introduced during the 1997 Asian Financial Crisis to support the peso; the program offers currency forward contracts to bank clients with foreign exchange obligations of at least $50,000
President Rodrigo Duterte agreed to nine measures to contain inflation and a corresponding executive order to implement them immediately, Economic Planning Secretary Ernesto Pernia said
First-half current-account deficit came in at $3.1 billion, compared with a $130 million shortfall a year ago
EMEA:
Turkish lira advanced a second week; President Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction
Gross domestic product rose 5.2 percent during the three months through June from a year earlier
Russia’s ruble halted a 3-week slump as policy makers said they’ll “consider the necessity of further increases” after lifting their benchmark to 7.5 percent, a level last seen in March, from 7.25 percent
Governor Elvira Nabiullina, who first broached the possibility of a rate hike earlier this month, said easing may not resume for more than a year
The two Russians accused by the U.K. of carrying out a nerve-agent attack on a former spy denied the charges in an interview with RT state television
Russia’s economy expanded faster than was earlier estimated in the second quarter
South Africa’s rand strengthened; the country’s stable ratings outlook means there’s little chance of a change in its assessment soon, Moody’s Investors Service said
Business confidence declined to the lowest level this year as industries raised concern about policy uncertainty
South Africa may collect less revenue than forecast and trim its growth prediction for the year after the economy fell into a recession, Finance Minister Nhlanhla Nene said
The Hungarian forint rose; the European Parliament adopted a recommendation to punish the country for the perceived erosion of the rule of law, a process that is still unlikely to yield concrete sanctions
Prime Minister Viktor Orban received an unprecedented EU censure as European lawmakers called for his government to face possible sanctions for eroding democratic standards
Ukraine was given a boost in its fight with Russia over a defaulted $3 billion bond after the U.K. Court of Appeal ordered a full-blown trial
Polish zloty climbed; the country’s Monetary Policy Council kept FX intervention as an option while maintaining a floating exchange rate, according to its policy guidelines for 2019 published on the parliament’s website
Saudi Arabia is said to be raising about $2 billion from the sale of Islamic bonds
The nation’s sovereign wealth fund will sign an $11 billion loan, marking its first-ever borrowing, people familiar with the matter said
Ghana’s long-term foreign currency debt rating was upgraded to B from B- by Standard & Poor’s
Latin America:
The Brazilian real was the second worst performer; right-wing presidential front-runner Jair Bolsonaro underwent more surgery Wednesday evening after being stabbed on Sept. 6; Bolsonaro’s son said he is not in shape for the first round campaigning
Luiz Inacio Lula da Silva endorsed his running mate Fernando Haddad as the Workers Party’s candidate after electoral officials barred the imprisoned former president from running in the October vote
The latest XP/Ipespe poll published Friday showed Bolsonaro leading the pack with 26% support in a 1st round scenario, rising from 23% in prior survey; the former Ceara state Governor Ciro Gomes secured 12 percent while Fernando Haddad captured 10 percent voter support
Argentina’s peso was the worst EM performer, setting a new record low on a closing basis as the IMF said it would delay a $3b disbursement to the nation until talks finish
The government is aiming to save 196 billion pesos ($4.9 billion) through spending cuts next year as it attempts to reach a fiscal balance, according to a report by La Nacion newspaper
August national consumer price index increased 3.9 percent in the month
The Mexican peso was the best performer in Latin America, mostly tracking gains across emerging-market peers; Mexico is open to moving ahead with a bilateral trade pact with the U.S. if Canada can’t reach a deal on Nafta with the Trump administration, FT reported
President-elect Andres Manuel Lopez Obrador’s chief of staff Alfonso Romo said the new government will respect oil contracts and work with companies that already have contracts to achieve success; comments are reassuring to the market, according to a client note from Citigroup (NYSE:)
Upcoming data:
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/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
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Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
© Bloomberg. Pedestrians gather near a gold and currency exchange store at the Grand Bazaar in Istanbul, Turkey, on Friday, Aug. 17, 2018. Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Photographer: Ismail Ferdous/Bloomberg
(Bloomberg) — Emerging-market assets gained last week as Russia unexpectedly raised interest rates and Turkey hiked its one-week repo rate by more than forecast.
Highlights for the week ended Sept. 14:
Turkey’s lira was the best performer among 22 emerging-market currencies tracked by Bloomberg; policy makers defied President Recep Tayyip Erdogan by jacking up rates more than expected to bolster the flagging lira, lifting rates by 625 basis points to 24 percent; the decision came just after Erdogan said the nation “should cut this high interest rate”
Russia’s ruble flipped to gains from losses on Friday after the central bank unexpectedly raised interest rates for the first time since 2014; inflation risks have been mounting with a slumping currency and threats of U.S. sanctions
President Donald Trump is said to have instructed aides to proceed with tariffs on about $200 billion of Chinese products, even as Treasury Secretary Steve Mnuchin proposed another round of trade talks with Beijing
China’s economic momentum weakened a notch in August, with a continued slowdown in investment overshadowing solid retail sales and industrial production data
The White House sent contradictory messages to North Korea, announcing it’s ready to start planning a second meeting with Kim Jong Un just hours after President Trump’s top national security adviser said nuclear talks were stalled
Asia:
The onshore and offshore both declined for a third week; more than 60 percent of U.S. businesses operating in China were hurt by the initial round of tariffs between the Chinese and U.S. governments, with 74 percent foreseeing harm from future U.S. tariffs and 68% from potential Chinese retaliatory duties, according to a survey of more than 430 American companies
S&P Global Ratings lowered its credit ratings on seven Chinese local government financing vehicles by one notch
South Korean won strengthened; the country’s jobless rate rose to 4.2 percent in August, the highest since January 2010 and up from 3.8 percent in July; it will be difficult for the country’s job situation to improve in the short term
Prime Minister Lee Nak-yon said it is time to start thinking about rate increases
Demand-side inflationary pressure remains tepid and it’s “dangerous” to take preemptive monetary measures at this stage, Bank of Korea board member Shin In-seok said
The economy is continuing to recover, led by exports and domestic consumption, the finance ministry said in its monthly green book report
President Moon Jae-in asked heads of the country’s four biggest conglomerates — Samsung (KS:), Hyundai Motor, SK, and LG — to join his visit to Pyongyang to participate in the inter-Korean summit with North Korean leader Kim Jong Un next week, Chosun Ilbo reported
India’s rupee dropped to a record low before trimming the week’s loss; the government unveiled measures to prop up the sagging currency, including steps to facilitate bond issuance by local companies and possible curbs on imports
Officials from the finance ministry have asked the Reserve Bank of India to do more to maintain adequate liquidity in the banking system, people with knowledge of the matter said
The nation’s inflation eased below 4 percent for the first time in 10 months
The Indonesian rupiah posted its first weekly gain in five; Finance Minister Sri Mulyani Indrawati said authorities want to tighten some rules on exporters and are seeking a fair share of export earnings to be retained in the country
Thailand’s SET Index of stocks rallied as King Maha Vajiralongkorn approved two laws, one for the election of members of parliament, and the other for the selection of senators, according to an announcement in the Royal Gazette
Thailand has no need to raise the key interest rate now as the nation’s inflation remains benign, Finance Minister Apisak Tantivorawong said
The government plans to borrow 1.16 trillion baht ($36 billion) in fiscal year 2019
The Malaysian ringgit rose, halting a 12-week losing streak; the trade war may benefit Malaysia over the next year or so, especially in electronics and steel industries; in the long term, U.S.-China trade conflicts would be negative for the country, Finance Minister Lim Guan Eng said
Lim said Malaysia is paring expectations for how much money it can recoup from the 1MDB sovereign wealth fund, and the country would be “very lucky” to get back just half
Recouping all funds lost through 1MDB may not be possible as the government wouldn’t be able to sell assets at the purchase price and some funds have been squandered, Anwar Ibrahim, president-elect of ruling People’s Justice Party, said
Police are investigating bond sales and transactions by institutions linked to 1MDB, according to Deputy Inspector General Noor Rashid Ibrahim
The Philippine peso weakened a fifth straight week, prompting the central bank to have reactivated a hedging program first introduced during the 1997 Asian Financial Crisis to support the peso; the program offers currency forward contracts to bank clients with foreign exchange obligations of at least $50,000
President Rodrigo Duterte agreed to nine measures to contain inflation and a corresponding executive order to implement them immediately, Economic Planning Secretary Ernesto Pernia said
First-half current-account deficit came in at $3.1 billion, compared with a $130 million shortfall a year ago
EMEA:
Turkish lira advanced a second week; President Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction
Gross domestic product rose 5.2 percent during the three months through June from a year earlier
Russia’s ruble halted a 3-week slump as policy makers said they’ll “consider the necessity of further increases” after lifting their benchmark to 7.5 percent, a level last seen in March, from 7.25 percent
Governor Elvira Nabiullina, who first broached the possibility of a rate hike earlier this month, said easing may not resume for more than a year
The two Russians accused by the U.K. of carrying out a nerve-agent attack on a former spy denied the charges in an interview with RT state television
Russia’s economy expanded faster than was earlier estimated in the second quarter
South Africa’s rand strengthened; the country’s stable ratings outlook means there’s little chance of a change in its assessment soon, Moody’s Investors Service said
Business confidence declined to the lowest level this year as industries raised concern about policy uncertainty
South Africa may collect less revenue than forecast and trim its growth prediction for the year after the economy fell into a recession, Finance Minister Nhlanhla Nene said
The Hungarian forint rose; the European Parliament adopted a recommendation to punish the country for the perceived erosion of the rule of law, a process that is still unlikely to yield concrete sanctions
Prime Minister Viktor Orban received an unprecedented EU censure as European lawmakers called for his government to face possible sanctions for eroding democratic standards
Ukraine was given a boost in its fight with Russia over a defaulted $3 billion bond after the U.K. Court of Appeal ordered a full-blown trial
Polish zloty climbed; the country’s Monetary Policy Council kept FX intervention as an option while maintaining a floating exchange rate, according to its policy guidelines for 2019 published on the parliament’s website
Saudi Arabia is said to be raising about $2 billion from the sale of Islamic bonds
The nation’s sovereign wealth fund will sign an $11 billion loan, marking its first-ever borrowing, people familiar with the matter said
Ghana’s long-term foreign currency debt rating was upgraded to B from B- by Standard & Poor’s
Latin America:
The Brazilian real was the second worst performer; right-wing presidential front-runner Jair Bolsonaro underwent more surgery Wednesday evening after being stabbed on Sept. 6; Bolsonaro’s son said he is not in shape for the first round campaigning
Luiz Inacio Lula da Silva endorsed his running mate Fernando Haddad as the Workers Party’s candidate after electoral officials barred the imprisoned former president from running in the October vote
The latest XP/Ipespe poll published Friday showed Bolsonaro leading the pack with 26% support in a 1st round scenario, rising from 23% in prior survey; the former Ceara state Governor Ciro Gomes secured 12 percent while Fernando Haddad captured 10 percent voter support
Argentina’s peso was the worst EM performer, setting a new record low on a closing basis as the IMF said it would delay a $3b disbursement to the nation until talks finish
The government is aiming to save 196 billion pesos ($4.9 billion) through spending cuts next year as it attempts to reach a fiscal balance, according to a report by La Nacion newspaper
August national consumer price index increased 3.9 percent in the month
The Mexican peso was the best performer in Latin America, mostly tracking gains across emerging-market peers; Mexico is open to moving ahead with a bilateral trade pact with the U.S. if Canada can’t reach a deal on Nafta with the Trump administration, FT reported
President-elect Andres Manuel Lopez Obrador’s chief of staff Alfonso Romo said the new government will respect oil contracts and work with companies that already have contracts to achieve success; comments are reassuring to the market, according to a client note from Citigroup (NYSE:)
Upcoming data:
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/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
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Rupee Fall Has a Surprising New Reason: India's Central Bank
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/rupee-fall-has-a-surprising-new-reason-indias-central-bank
Rupee Fall Has a Surprising New Reason: India's Central Bank
© Bloomberg. The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. India’s rupee dropped to a record low before trimming last week’s loss; the government unveiled measures to prop up the sagging currency, including steps to facilitate bond issuance by local companies and possible curbs on imports. Photographer: Brent Lewin/Bloomberg
(Bloomberg) — The worst run of rupee losses in 16 years is set to extend. Only this time, the declines might not be triggered by oil but by the surprise move by India’s central bank to hold rates despite the currency’s free fall.
The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding to 75 per dollar by year-end, according to median of 10 analysts surveyed by Bloomberg. The December-end estimate has inched up from 69 at the start of September.
Reserve Bank of India Governor Urjit Patel’s comments Friday that the rupee’s drop is moderate in comparison to emerging market peers and that the central bank doesn’t have any target in mind unnerved investors who were expecting the authority to boost its defense of Asia’s worst-performing major currency.
“Governor Patel has effectively left the rupee out in the cold and insinuated that it is not his job to determine the appropriate level for the currency,” said Charlie Lay, an analyst at Commerzbank AG (DE:) in Singapore. “RBI has seemingly opened the floodgates for further rupee weakness.”
The rupee fell past the 74 to a dollar mark for the first time soon after the RBI’s decision, and analysts, whose year-end estimates have been obliterated by the meltdown, cut their targets further. Skandinaviska Enskilda Banken AB said the rupee could test 75 in the near term while ING Bank NV said the bank’s recent downgrade to 75 wasn’t enough.
The currency rose 0.2 percent to 74.2275 at 10:22 a.m. in Mumbai, rebounding from a record low of 74.3950 touched on Tuesday.
To be sure, the RBI has for long maintained that it steps in only to curb undue volatility and doesn’t target any currency level. That stance places the authority behind counterparts in Indonesia and the Philippines, which have been actively supporting their currencies, Madhavi Arora, an economist at Edelweiss Securities Ltd., wrote in a note Tuesday.
“We expect the weakness to persist, with the rupee heading toward 75-plus levels against the dollar, unless some additional assertive policy steps come through,” she said.
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/rupee-fall-has-a-surprising-new-reason-indias-central-bank
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Rupee Fall Has a Surprising New Reason: India's Central Bank
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/rupee-fall-has-a-surprising-new-reason-indias-central-bank
Rupee Fall Has a Surprising New Reason: India's Central Bank
© Bloomberg. The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. India’s rupee dropped to a record low before trimming last week’s loss; the government unveiled measures to prop up the sagging currency, including steps to facilitate bond issuance by local companies and possible curbs on imports. Photographer: Brent Lewin/Bloomberg
(Bloomberg) — The worst run of rupee losses in 16 years is set to extend. Only this time, the declines might not be triggered by oil but by the surprise move by India’s central bank to hold rates despite the currency’s free fall.
The rupee, which has fallen for six straight months in the longest stretch since 2002, is seen sliding to 75 per dollar by year-end, according to median of 10 analysts surveyed by Bloomberg. The December-end estimate has inched up from 69 at the start of September.
Reserve Bank of India Governor Urjit Patel’s comments Friday that the rupee’s drop is moderate in comparison to emerging market peers and that the central bank doesn’t have any target in mind unnerved investors who were expecting the authority to boost its defense of Asia’s worst-performing major currency.
“Governor Patel has effectively left the rupee out in the cold and insinuated that it is not his job to determine the appropriate level for the currency,” said Charlie Lay, an analyst at Commerzbank AG (DE:) in Singapore. “RBI has seemingly opened the floodgates for further rupee weakness.”
The rupee fell past the 74 to a dollar mark for the first time soon after the RBI’s decision, and analysts, whose year-end estimates have been obliterated by the meltdown, cut their targets further. Skandinaviska Enskilda Banken AB said the rupee could test 75 in the near term while ING Bank NV said the bank’s recent downgrade to 75 wasn’t enough.
The currency rose 0.2 percent to 74.2275 at 10:22 a.m. in Mumbai, rebounding from a record low of 74.3950 touched on Tuesday.
To be sure, the RBI has for long maintained that it steps in only to curb undue volatility and doesn’t target any currency level. That stance places the authority behind counterparts in Indonesia and the Philippines, which have been actively supporting their currencies, Madhavi Arora, an economist at Edelweiss Securities Ltd., wrote in a note Tuesday.
“We expect the weakness to persist, with the rupee heading toward 75-plus levels against the dollar, unless some additional assertive policy steps come through,” she said.
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/rupee-fall-has-a-surprising-new-reason-indias-central-bank
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What is the impact of Coronavirus on Gutta Percha Market Growth?| Key players- Diadent Group International, Quanzhou Taifeng Machinery Technology Co., Ltd. and more
Gutta Percha market report is the major research for those who look for an entire analysis of markets. The report covers all information on the Global and regional markets including old and future trends for market demand, size, trading, supply, competitors, and prices as well as Global predominant vendors’ information. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets. The market is designed to serve as a ready-to-use guide for developing accurate pandemic management programs allowing market players to successfully emerge from the crisis and retract numerous gains and profits. The players included in this report are chosen in terms of their product portfolio, market share, brand value, and the well-being of the organizations. Our report based on current situations across the globe. You can get a sample copy of the report here @ https://www.datalabforecast.com/request-sample/17996-gutta-percha-market **Note: Don’t miss the trading opportunities on Gutta Percha Market. Talk to our analyst and gain key industry insights that will help your business grow as you create sample reports. Note- This report sample includes: • Brief Introduction to the research report • Table of Contents (Scope covered as a part of the study) • Research framework (Structure of The Report) • Top players in the market • The research methodology adopted by Data Lab Forecast
Asia Pacific and Europe are projected to be Gutta Percha markets during the forecast period. This is primarily due to the presence of prominent industry in China, Germany, Japan, and India.
Gutta Percha Market: Dynamics Based on the current scenario, the industry has a fairly positive impact on the Gutta Percha Market, owing to increasing use and adoption of Gutta Percha during COVID-19. The spread of COVID-19 has forced the industry to drive both a stronger online presence and discover new ways to provide analysis. Hence, end users are adopting market to overcome business challenges. This is increasing spending on Gutta Percha across the globe. The research study offers a substantial knowledge platform for entrants and investors as well as veteran companies, manufacturers functioning in the global Gutta Percha market. The report includes CAGR, market shares, sales, gross margin, value, volume, and other vital market figures that give an exact picture of the growth of the global Gutta Percha market. We have also focused on SWOT, PESTLE, and Porter’s Five Forces analyses of the global Gutta Percha market.
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Gutta Percha Market
Thinking One Step Ahead In today’s competitive world you need to think one step ahead to pursue your competitors, our research offers reviews about key players, major collaborations, union & acquisitions along with trending innovation and business policies to present a better understanding to drive the business in the correct direction. Gutta Percha Market: Impact of COVID-19 The Coronavirus (COVID-19) pandemic has affected every aspect of life worldwide. The report considers the impact of COVID-19 on market growth. The study provides full coverage of the impact of the COVID-19 pandemic on the Gutta Percha market and its key segments. Furthermore, it covers the present and future impact of the pandemic and offers a post-COVID-19 scenario to provide a deeper understanding of the dynamic changes in trends and market scenarios. Gutta Percha Market: Key Players The major market players that are operating in the Gutta Percha market are Diadent Group International, Quanzhou Taifeng Machinery Technology Co., Ltd., Kraiburg - Tpe Italia, Acoma S.R.L., Mazzantini Giuseppe S.R.L., Alpingomma S.R.L., Der - Gom S.R.L., Guangzhou Ecoateen Mannequin Props Co., Ltd., Co.Me.T. S.R.L., Toscana Gomma S.P.A., Gommagomma S.P.A., Rimpex Rubber Detailed Segmentation: Global Gutta Percha Market, By Product Type: ⇛ Anti-drop Teether, Pacifier Teether, Water Glue, Vocal Melody Teether, Others. Global Gutta Percha Market, By End User: ⇛ Household, Commercial, Others. Do You Have Any Query or Specific Requirement? Drop Your Query Here @ https://www.datalabforecast.com/request-enquiry/17996-gutta-percha-market The Gutta Percha Market report incorporates the detailed analysis of the leading organizations and their thought process and what are the methodologies they are adopting to maintain their brand image in this market. The report aides the new bees to understand the level of competition that they need to fight for to strengthen their roots in this competitive market. Gutta Percha Market: Prominent Regions • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia) • Europe (Turkey, Germany, Russia UK, Italy, France, etc.) • North America (United States, Mexico, and Canada.) • South America (Brazil etc.) • The Middle East and Africa (GCC Countries and Egypt.) What benefits does DLF research studies provide? 1. Supporting company financial and cash flow planning 2. Latest industry influencing trends and development scenario 3. To resize powerful market opportunities 4. A key decision in planning and to further expand market share 5. Identify Key Business Segments, Market proposition & Gap Analysis 6. Assisting in allocating marketing investments Buy Now this Premium Report to Grow your Business @ https://www.datalabforecast.com/buy-now/?id=17996-gutta-percha-market&license_type=su In conclusion, the Gutta Percha Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and Porters Five analysis is also incorporated in the report. About Us Transforming Information into Insights We pride ourselves in being a niche market intelligence and strategic consulting and reporting firm driven towards resulting in a powerful impact on businesses across the globe. Our accuracy estimation and forecasting models have earned recognition across majority of the business forum. We source online reports from some of the best publishers and keep updating our collection to offer you direct online access to the world’s most comprehensive and recent database with skilled perceptions on global industries, products, establishments and trends. We at ‘Data Lab Forecast’, wish to assist our clients to strategize and formulate business policies, and achieve formidable growth in their respective market domain. Data Lab Forecast is a one-stop solution provider right from data collection, outsourcing of data, to investment advice, business modelling, and strategic planning. The company reinforces client’s insight on factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys, among others. Contact: Henry K Data Lab Forecast Felton Office Plaza 6375 Highway 8 Felton, California 95018, United States Phone: +1 917-725-5253 Email: [email protected] Website: https://www.datalabforecast.com/ Follow Us on: LinkedIN | Twitter | Data Lab Forecast, Gutta Percha, Gutta Percha Market, Gutta Percha Market 2021, Gutta Percha Market Analysis, Gutta Percha Market By Application, Gutta Percha Market By Type, Diadent Group International, Quanzhou Taifeng Machinery Technology Co., Ltd., Kraiburg - Tpe Italia, Acoma S.R.L., Market Strategies, DLF
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The blockchain/crypto week in quotes
The blockchain/crypto week in quotes
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilisation’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.” CoinList CEO Andy Bromberg
“In a single hour of trading yesterday (30th January), XRP managed to erase an entire week’s worth of losses. A jump of 10% seems to have buoyed the entire crypto market and sentiment is once again optimistic. Ripple was in the news yesterday as CEO Brad Garlinghouse and CEO of SWIFT Gottfried Leibbrandt appeared onstage together at the Paris Fintech Forum. The SWIFT CEO announced a partnership with payments provider R3, which Ripple also does business with.
Crypto investors have joined the dots and, rather than rivalry between the two companies, are seeing the development of a larger network, which includes all the major players in the industry and represents the next step in cryptoasset technology. We’ll have to watch and wait to be sure, but this potential collaboration seems to have further buoyed market sentiment.” Mati Greenspan, Senior Market Analyst, eToro
“There are basically three key pillars to providing banking in developing markets. Nobody in Haiti says, “My problem is that I’m unbanked.” Most people in Haiti don’t know what the eff that word means. You go to Mexico, you go to the Philippines, you go to Indonesia—nobody says, “Oh, my God, if only I wasn’t unbanked.” Nobody cares about that, except maybe people with great intentions at NGOs.
What people care about is, “Can I get credit in a pinch? Can I send or receive money at reasonably low cost? And can I invest? If I’m saving my family’s money, even if it’s only $50 a month, can I invest that money, or do I have to leave it under the mattress? And can I invest it in something other than my country’s failing currency?” In Venezuela or Argentina, if you’re older than 40 you’ve probably seen this rodeo 10 times: currencies failing and getting propped up, or failing and starting over. So all three of those models are relevant in developing markets.
Now, this is where crypto starts to get interesting. For two reasons. One is Bitcoin’s ability to serve as hard money. But, and this is a big one, it’s only going to become useful for the average consumer in the short term—the next five years—if you can take that hard money and use it to collateralise other asset classes. Because the average consumer does not have the mental capacity right now to understand what a cryptocurrency means. It would be like explaining TCP/IP to your grandmother so that she can watch Netflix. It’s not going to happen. But if you can collateralise real-world assets using crypto, [without] introducing new third-party custodians, you’re onto something really interesting. Because now you can represent fiat currencies, stocks, bonds, commodities in a way that doesn’t require you to become a bank. That’s interesting. You’ve got a combination of hard money and regulatory arbitrage to solve real consumer problems. That’s what I think it’s going to take to break into developing markets.” Abra CEO Bill Barhydt
Some salty comments here. No one is forcing you to buy any coin. We simply provide a method for people who do. I have a feeling most of the salty comments come from people who wants to buy the coin badly. We will see. https://t.co/VottD2IlrH
— CZ Binance (@cz_binance) January 30, 2019
“I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017. Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” Jan Van Eck, CEO, Van Eck Associates
Maximalism: The idea that decentralization is extremely important but only one blockchain and only one form of money is acceptable
— Erik Voorhees (@ErikVoorhees) January 28, 2019
“It’s definitely not a case of if, but when crypto ETFs will begin to emerge. As crypto assets gain legitimacy as an asset class of their own, it is imperative that businesses that make money by providing access to different asset classes will cater to crypto assets as well.
For this to happen, two main things are required. Firstly, it’s crucial that the valuation of crypto assets moves from the current, purely speculative approach to a focus on the fundamentals. As well as this, the support of regulatory bodies that recognise crypto/digital assets as a legitimate asset class that they do not deem to be too risky will be essential to getting ETFs approved.
It should be noted that some exchange-traded products do exist at present, for example the Swiss listed ETP. Given the regulatory landscape, it is likely that the ETFs will be available in jurisdictions outside of the USA first. If one has to predict a possible date for a USA listed crypto ETF, 2019 seems too optimistic.” Vaibhav Kadikar, Founder and CEO, CloseCross
I mean, I been calling this P&D shitshow for like 9 months now. It’s a joke. Glad people are finally wising up to it. Will it be the next Bitconneeeeeeeect? Who knows… But I sure as hell wouldn’t recommend anybody goes anywhere near it! https://t.co/jtfbWDwTxn
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) January 30, 2019
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” JPMorgan’s Chair of Global Research, Joyce Chang
It’s a sad day when Tether is in the number 4 spot… pic.twitter.com/MbVds9Igle
— Ran NeuNer (@cryptomanran) January 29, 2019
“As we motor on into 2019, we have already seen the first piece of communication from the FCA in the form of a consultation paper from their Crypto Asset Task Force, issued last week. This document looks to set out the FCA’s proposed guidance on the existing regulatory perimeter and how crypto assets fall within that. For those who expected this communication to be ground-breaking and definitive, we are a long way from that as we await the final findings in Summer 2019 which is when we expect to see some firm guidance that we can all work to, so in the meantime we will have to make do with the snippets that they choose to publish to the market.
From a GlobalBlock standpoint it is great to see a combined and concerted effort from the government, HMRC and UK regulator to bring some clarity to the market, and we look forward not only to the protections and clear tax implications that it brings to investors, but also the overarching structure and framework presented. This should really assist in bringing the next level of investment from wider sectors to assist in the next phase of market evolution and adoption across both retail and institutions.
From a retail perspective, we cannot emphasise enough the importance of consumer protection in the guidance in line with existing financial services regulations. Despite a significant fall in crypto prices over the last 12 months, we are still experiencing solid interest from the retail part of the market, which we feel will only grow once the confidence is there that protection is available.
The institutional key to success is simple with four main drivers to future growth, the first two being education and security and the second two, and most pertinent being regulation and compliance. Essentially, the compliance environment in crypto, whilst hailed for its anonymity, makes it very difficult to verify identity and risk profiles to be compliant with KYC/AML rules, so any progression here will be welcomed. From a regulatory perspective, the current landscape is nascent and so even if other countries’ governments and financial authorities are being a little slower to react, having some insight and guidance in the UK can only be a good thing, especially given how highly regarded the FCA is.” David Thomas, Director and Co-Founder, GlobalBlock
8 FOR 8 in #Wyoming! The stock certificate token bill just passed the House 57-1, so all 8 bills are thru originating chamber & ready to cross to other chamber next week. Still a ways to go before they become law but we have nice momentum! Thx @JaredSOlsen! @lex_node @ConsenSys pic.twitter.com/b5iPp1hp2S
— Caitlin Long
(@CaitlinLong_) February 1, 2019
Source link http://bit.ly/2WMKESe
0 notes
Text
The blockchain/crypto week in quotes
The blockchain/crypto week in quotes
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilisation’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.” CoinList CEO Andy Bromberg
“In a single hour of trading yesterday (30th January), XRP managed to erase an entire week’s worth of losses. A jump of 10% seems to have buoyed the entire crypto market and sentiment is once again optimistic. Ripple was in the news yesterday as CEO Brad Garlinghouse and CEO of SWIFT Gottfried Leibbrandt appeared onstage together at the Paris Fintech Forum. The SWIFT CEO announced a partnership with payments provider R3, which Ripple also does business with.
Crypto investors have joined the dots and, rather than rivalry between the two companies, are seeing the development of a larger network, which includes all the major players in the industry and represents the next step in cryptoasset technology. We’ll have to watch and wait to be sure, but this potential collaboration seems to have further buoyed market sentiment.” Mati Greenspan, Senior Market Analyst, eToro
“There are basically three key pillars to providing banking in developing markets. Nobody in Haiti says, “My problem is that I’m unbanked.” Most people in Haiti don’t know what the eff that word means. You go to Mexico, you go to the Philippines, you go to Indonesia—nobody says, “Oh, my God, if only I wasn’t unbanked.” Nobody cares about that, except maybe people with great intentions at NGOs.
What people care about is, “Can I get credit in a pinch? Can I send or receive money at reasonably low cost? And can I invest? If I’m saving my family’s money, even if it’s only $50 a month, can I invest that money, or do I have to leave it under the mattress? And can I invest it in something other than my country’s failing currency?” In Venezuela or Argentina, if you’re older than 40 you’ve probably seen this rodeo 10 times: currencies failing and getting propped up, or failing and starting over. So all three of those models are relevant in developing markets.
Now, this is where crypto starts to get interesting. For two reasons. One is Bitcoin’s ability to serve as hard money. But, and this is a big one, it’s only going to become useful for the average consumer in the short term—the next five years—if you can take that hard money and use it to collateralise other asset classes. Because the average consumer does not have the mental capacity right now to understand what a cryptocurrency means. It would be like explaining TCP/IP to your grandmother so that she can watch Netflix. It’s not going to happen. But if you can collateralise real-world assets using crypto, [without] introducing new third-party custodians, you’re onto something really interesting. Because now you can represent fiat currencies, stocks, bonds, commodities in a way that doesn’t require you to become a bank. That’s interesting. You’ve got a combination of hard money and regulatory arbitrage to solve real consumer problems. That’s what I think it’s going to take to break into developing markets.” Abra CEO Bill Barhydt
Some salty comments here. No one is forcing you to buy any coin. We simply provide a method for people who do. I have a feeling most of the salty comments come from people who wants to buy the coin badly. We will see. https://t.co/VottD2IlrH
— CZ Binance (@cz_binance) January 30, 2019
“I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017. Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” Jan Van Eck, CEO, Van Eck Associates
Maximalism: The idea that decentralization is extremely important but only one blockchain and only one form of money is acceptable
— Erik Voorhees (@ErikVoorhees) January 28, 2019
“It’s definitely not a case of if, but when crypto ETFs will begin to emerge. As crypto assets gain legitimacy as an asset class of their own, it is imperative that businesses that make money by providing access to different asset classes will cater to crypto assets as well.
For this to happen, two main things are required. Firstly, it’s crucial that the valuation of crypto assets moves from the current, purely speculative approach to a focus on the fundamentals. As well as this, the support of regulatory bodies that recognise crypto/digital assets as a legitimate asset class that they do not deem to be too risky will be essential to getting ETFs approved.
It should be noted that some exchange-traded products do exist at present, for example the Swiss listed ETP. Given the regulatory landscape, it is likely that the ETFs will be available in jurisdictions outside of the USA first. If one has to predict a possible date for a USA listed crypto ETF, 2019 seems too optimistic.” Vaibhav Kadikar, Founder and CEO, CloseCross
I mean, I been calling this P&D shitshow for like 9 months now. It’s a joke. Glad people are finally wising up to it. Will it be the next Bitconneeeeeeeect? Who knows… But I sure as hell wouldn’t recommend anybody goes anywhere near it! https://t.co/jtfbWDwTxn
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) January 30, 2019
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” JPMorgan’s Chair of Global Research, Joyce Chang
It’s a sad day when Tether is in the number 4 spot… pic.twitter.com/MbVds9Igle
— Ran NeuNer (@cryptomanran) January 29, 2019
“As we motor on into 2019, we have already seen the first piece of communication from the FCA in the form of a consultation paper from their Crypto Asset Task Force, issued last week. This document looks to set out the FCA’s proposed guidance on the existing regulatory perimeter and how crypto assets fall within that. For those who expected this communication to be ground-breaking and definitive, we are a long way from that as we await the final findings in Summer 2019 which is when we expect to see some firm guidance that we can all work to, so in the meantime we will have to make do with the snippets that they choose to publish to the market.
From a GlobalBlock standpoint it is great to see a combined and concerted effort from the government, HMRC and UK regulator to bring some clarity to the market, and we look forward not only to the protections and clear tax implications that it brings to investors, but also the overarching structure and framework presented. This should really assist in bringing the next level of investment from wider sectors to assist in the next phase of market evolution and adoption across both retail and institutions.
From a retail perspective, we cannot emphasise enough the importance of consumer protection in the guidance in line with existing financial services regulations. Despite a significant fall in crypto prices over the last 12 months, we are still experiencing solid interest from the retail part of the market, which we feel will only grow once the confidence is there that protection is available.
The institutional key to success is simple with four main drivers to future growth, the first two being education and security and the second two, and most pertinent being regulation and compliance. Essentially, the compliance environment in crypto, whilst hailed for its anonymity, makes it very difficult to verify identity and risk profiles to be compliant with KYC/AML rules, so any progression here will be welcomed. From a regulatory perspective, the current landscape is nascent and so even if other countries’ governments and financial authorities are being a little slower to react, having some insight and guidance in the UK can only be a good thing, especially given how highly regarded the FCA is.” David Thomas, Director and Co-Founder, GlobalBlock
8 FOR 8 in #Wyoming! The stock certificate token bill just passed the House 57-1, so all 8 bills are thru originating chamber & ready to cross to other chamber next week. Still a ways to go before they become law but we have nice momentum! Thx @JaredSOlsen! @lex_node @ConsenSys pic.twitter.com/b5iPp1hp2S
— Caitlin Long
(@CaitlinLong_) February 1, 2019
Source link http://bit.ly/2WMKESe
0 notes
Text
The blockchain/crypto week in quotes
The blockchain/crypto week in quotes
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilisation’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.” CoinList CEO Andy Bromberg
“In a single hour of trading yesterday (30th January), XRP managed to erase an entire week’s worth of losses. A jump of 10% seems to have buoyed the entire crypto market and sentiment is once again optimistic. Ripple was in the news yesterday as CEO Brad Garlinghouse and CEO of SWIFT Gottfried Leibbrandt appeared onstage together at the Paris Fintech Forum. The SWIFT CEO announced a partnership with payments provider R3, which Ripple also does business with.
Crypto investors have joined the dots and, rather than rivalry between the two companies, are seeing the development of a larger network, which includes all the major players in the industry and represents the next step in cryptoasset technology. We’ll have to watch and wait to be sure, but this potential collaboration seems to have further buoyed market sentiment.” Mati Greenspan, Senior Market Analyst, eToro
“There are basically three key pillars to providing banking in developing markets. Nobody in Haiti says, “My problem is that I’m unbanked.” Most people in Haiti don’t know what the eff that word means. You go to Mexico, you go to the Philippines, you go to Indonesia—nobody says, “Oh, my God, if only I wasn’t unbanked.” Nobody cares about that, except maybe people with great intentions at NGOs.
What people care about is, “Can I get credit in a pinch? Can I send or receive money at reasonably low cost? And can I invest? If I’m saving my family’s money, even if it’s only $50 a month, can I invest that money, or do I have to leave it under the mattress? And can I invest it in something other than my country’s failing currency?” In Venezuela or Argentina, if you’re older than 40 you’ve probably seen this rodeo 10 times: currencies failing and getting propped up, or failing and starting over. So all three of those models are relevant in developing markets.
Now, this is where crypto starts to get interesting. For two reasons. One is Bitcoin’s ability to serve as hard money. But, and this is a big one, it’s only going to become useful for the average consumer in the short term—the next five years—if you can take that hard money and use it to collateralise other asset classes. Because the average consumer does not have the mental capacity right now to understand what a cryptocurrency means. It would be like explaining TCP/IP to your grandmother so that she can watch Netflix. It’s not going to happen. But if you can collateralise real-world assets using crypto, [without] introducing new third-party custodians, you’re onto something really interesting. Because now you can represent fiat currencies, stocks, bonds, commodities in a way that doesn’t require you to become a bank. That’s interesting. You’ve got a combination of hard money and regulatory arbitrage to solve real consumer problems. That’s what I think it’s going to take to break into developing markets.” Abra CEO Bill Barhydt
Some salty comments here. No one is forcing you to buy any coin. We simply provide a method for people who do. I have a feeling most of the salty comments come from people who wants to buy the coin badly. We will see. https://t.co/VottD2IlrH
— CZ Binance (@cz_binance) January 30, 2019
“I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017. Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” Jan Van Eck, CEO, Van Eck Associates
Maximalism: The idea that decentralization is extremely important but only one blockchain and only one form of money is acceptable
— Erik Voorhees (@ErikVoorhees) January 28, 2019
“It’s definitely not a case of if, but when crypto ETFs will begin to emerge. As crypto assets gain legitimacy as an asset class of their own, it is imperative that businesses that make money by providing access to different asset classes will cater to crypto assets as well.
For this to happen, two main things are required. Firstly, it’s crucial that the valuation of crypto assets moves from the current, purely speculative approach to a focus on the fundamentals. As well as this, the support of regulatory bodies that recognise crypto/digital assets as a legitimate asset class that they do not deem to be too risky will be essential to getting ETFs approved.
It should be noted that some exchange-traded products do exist at present, for example the Swiss listed ETP. Given the regulatory landscape, it is likely that the ETFs will be available in jurisdictions outside of the USA first. If one has to predict a possible date for a USA listed crypto ETF, 2019 seems too optimistic.” Vaibhav Kadikar, Founder and CEO, CloseCross
I mean, I been calling this P&D shitshow for like 9 months now. It’s a joke. Glad people are finally wising up to it. Will it be the next Bitconneeeeeeeect? Who knows… But I sure as hell wouldn’t recommend anybody goes anywhere near it! https://t.co/jtfbWDwTxn
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) January 30, 2019
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” JPMorgan’s Chair of Global Research, Joyce Chang
It’s a sad day when Tether is in the number 4 spot… pic.twitter.com/MbVds9Igle
— Ran NeuNer (@cryptomanran) January 29, 2019
“As we motor on into 2019, we have already seen the first piece of communication from the FCA in the form of a consultation paper from their Crypto Asset Task Force, issued last week. This document looks to set out the FCA’s proposed guidance on the existing regulatory perimeter and how crypto assets fall within that. For those who expected this communication to be ground-breaking and definitive, we are a long way from that as we await the final findings in Summer 2019 which is when we expect to see some firm guidance that we can all work to, so in the meantime we will have to make do with the snippets that they choose to publish to the market.
From a GlobalBlock standpoint it is great to see a combined and concerted effort from the government, HMRC and UK regulator to bring some clarity to the market, and we look forward not only to the protections and clear tax implications that it brings to investors, but also the overarching structure and framework presented. This should really assist in bringing the next level of investment from wider sectors to assist in the next phase of market evolution and adoption across both retail and institutions.
From a retail perspective, we cannot emphasise enough the importance of consumer protection in the guidance in line with existing financial services regulations. Despite a significant fall in crypto prices over the last 12 months, we are still experiencing solid interest from the retail part of the market, which we feel will only grow once the confidence is there that protection is available.
The institutional key to success is simple with four main drivers to future growth, the first two being education and security and the second two, and most pertinent being regulation and compliance. Essentially, the compliance environment in crypto, whilst hailed for its anonymity, makes it very difficult to verify identity and risk profiles to be compliant with KYC/AML rules, so any progression here will be welcomed. From a regulatory perspective, the current landscape is nascent and so even if other countries’ governments and financial authorities are being a little slower to react, having some insight and guidance in the UK can only be a good thing, especially given how highly regarded the FCA is.” David Thomas, Director and Co-Founder, GlobalBlock
8 FOR 8 in #Wyoming! The stock certificate token bill just passed the House 57-1, so all 8 bills are thru originating chamber & ready to cross to other chamber next week. Still a ways to go before they become law but we have nice momentum! Thx @JaredSOlsen! @lex_node @ConsenSys pic.twitter.com/b5iPp1hp2S
— Caitlin Long
(@CaitlinLong_) February 1, 2019
Source link http://bit.ly/2WMKESe
0 notes
Text
The blockchain/crypto week in quotes
The blockchain/crypto week in quotes
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilisation’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.” CoinList CEO Andy Bromberg
“In a single hour of trading yesterday (30th January), XRP managed to erase an entire week’s worth of losses. A jump of 10% seems to have buoyed the entire crypto market and sentiment is once again optimistic. Ripple was in the news yesterday as CEO Brad Garlinghouse and CEO of SWIFT Gottfried Leibbrandt appeared onstage together at the Paris Fintech Forum. The SWIFT CEO announced a partnership with payments provider R3, which Ripple also does business with.
Crypto investors have joined the dots and, rather than rivalry between the two companies, are seeing the development of a larger network, which includes all the major players in the industry and represents the next step in cryptoasset technology. We’ll have to watch and wait to be sure, but this potential collaboration seems to have further buoyed market sentiment.” Mati Greenspan, Senior Market Analyst, eToro
“There are basically three key pillars to providing banking in developing markets. Nobody in Haiti says, “My problem is that I’m unbanked.” Most people in Haiti don’t know what the eff that word means. You go to Mexico, you go to the Philippines, you go to Indonesia—nobody says, “Oh, my God, if only I wasn’t unbanked.” Nobody cares about that, except maybe people with great intentions at NGOs.
What people care about is, “Can I get credit in a pinch? Can I send or receive money at reasonably low cost? And can I invest? If I’m saving my family’s money, even if it’s only $50 a month, can I invest that money, or do I have to leave it under the mattress? And can I invest it in something other than my country’s failing currency?” In Venezuela or Argentina, if you’re older than 40 you’ve probably seen this rodeo 10 times: currencies failing and getting propped up, or failing and starting over. So all three of those models are relevant in developing markets.
Now, this is where crypto starts to get interesting. For two reasons. One is Bitcoin’s ability to serve as hard money. But, and this is a big one, it’s only going to become useful for the average consumer in the short term—the next five years—if you can take that hard money and use it to collateralise other asset classes. Because the average consumer does not have the mental capacity right now to understand what a cryptocurrency means. It would be like explaining TCP/IP to your grandmother so that she can watch Netflix. It’s not going to happen. But if you can collateralise real-world assets using crypto, [without] introducing new third-party custodians, you’re onto something really interesting. Because now you can represent fiat currencies, stocks, bonds, commodities in a way that doesn’t require you to become a bank. That’s interesting. You’ve got a combination of hard money and regulatory arbitrage to solve real consumer problems. That’s what I think it’s going to take to break into developing markets.” Abra CEO Bill Barhydt
Some salty comments here. No one is forcing you to buy any coin. We simply provide a method for people who do. I have a feeling most of the salty comments come from people who wants to buy the coin badly. We will see. https://t.co/VottD2IlrH
— CZ Binance (@cz_binance) January 30, 2019
“I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017. Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” Jan Van Eck, CEO, Van Eck Associates
Maximalism: The idea that decentralization is extremely important but only one blockchain and only one form of money is acceptable
— Erik Voorhees (@ErikVoorhees) January 28, 2019
“It’s definitely not a case of if, but when crypto ETFs will begin to emerge. As crypto assets gain legitimacy as an asset class of their own, it is imperative that businesses that make money by providing access to different asset classes will cater to crypto assets as well.
For this to happen, two main things are required. Firstly, it’s crucial that the valuation of crypto assets moves from the current, purely speculative approach to a focus on the fundamentals. As well as this, the support of regulatory bodies that recognise crypto/digital assets as a legitimate asset class that they do not deem to be too risky will be essential to getting ETFs approved.
It should be noted that some exchange-traded products do exist at present, for example the Swiss listed ETP. Given the regulatory landscape, it is likely that the ETFs will be available in jurisdictions outside of the USA first. If one has to predict a possible date for a USA listed crypto ETF, 2019 seems too optimistic.” Vaibhav Kadikar, Founder and CEO, CloseCross
I mean, I been calling this P&D shitshow for like 9 months now. It’s a joke. Glad people are finally wising up to it. Will it be the next Bitconneeeeeeeect? Who knows… But I sure as hell wouldn’t recommend anybody goes anywhere near it! https://t.co/jtfbWDwTxn
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) January 30, 2019
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” JPMorgan’s Chair of Global Research, Joyce Chang
It’s a sad day when Tether is in the number 4 spot… pic.twitter.com/MbVds9Igle
— Ran NeuNer (@cryptomanran) January 29, 2019
“As we motor on into 2019, we have already seen the first piece of communication from the FCA in the form of a consultation paper from their Crypto Asset Task Force, issued last week. This document looks to set out the FCA’s proposed guidance on the existing regulatory perimeter and how crypto assets fall within that. For those who expected this communication to be ground-breaking and definitive, we are a long way from that as we await the final findings in Summer 2019 which is when we expect to see some firm guidance that we can all work to, so in the meantime we will have to make do with the snippets that they choose to publish to the market.
From a GlobalBlock standpoint it is great to see a combined and concerted effort from the government, HMRC and UK regulator to bring some clarity to the market, and we look forward not only to the protections and clear tax implications that it brings to investors, but also the overarching structure and framework presented. This should really assist in bringing the next level of investment from wider sectors to assist in the next phase of market evolution and adoption across both retail and institutions.
From a retail perspective, we cannot emphasise enough the importance of consumer protection in the guidance in line with existing financial services regulations. Despite a significant fall in crypto prices over the last 12 months, we are still experiencing solid interest from the retail part of the market, which we feel will only grow once the confidence is there that protection is available.
The institutional key to success is simple with four main drivers to future growth, the first two being education and security and the second two, and most pertinent being regulation and compliance. Essentially, the compliance environment in crypto, whilst hailed for its anonymity, makes it very difficult to verify identity and risk profiles to be compliant with KYC/AML rules, so any progression here will be welcomed. From a regulatory perspective, the current landscape is nascent and so even if other countries’ governments and financial authorities are being a little slower to react, having some insight and guidance in the UK can only be a good thing, especially given how highly regarded the FCA is.” David Thomas, Director and Co-Founder, GlobalBlock
8 FOR 8 in #Wyoming! The stock certificate token bill just passed the House 57-1, so all 8 bills are thru originating chamber & ready to cross to other chamber next week. Still a ways to go before they become law but we have nice momentum! Thx @JaredSOlsen! @lex_node @ConsenSys pic.twitter.com/b5iPp1hp2S
— Caitlin Long
(@CaitlinLong_) February 1, 2019
Source link http://bit.ly/2WMKESe
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Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
© Bloomberg. Pedestrians gather near a gold and currency exchange store at the Grand Bazaar in Istanbul, Turkey, on Friday, Aug. 17, 2018. Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Photographer: Ismail Ferdous/Bloomberg
(Bloomberg) — Emerging-market assets gained last week as Russia unexpectedly raised interest rates and Turkey hiked its one-week repo rate by more than forecast.
Highlights for the week ended Sept. 14:
Turkey’s lira was the best performer among 22 emerging-market currencies tracked by Bloomberg; policy makers defied President Recep Tayyip Erdogan by jacking up rates more than expected to bolster the flagging lira, lifting rates by 625 basis points to 24 percent; the decision came just after Erdogan said the nation “should cut this high interest rate”
Russia’s ruble flipped to gains from losses on Friday after the central bank unexpectedly raised interest rates for the first time since 2014; inflation risks have been mounting with a slumping currency and threats of U.S. sanctions
President Donald Trump is said to have instructed aides to proceed with tariffs on about $200 billion of Chinese products, even as Treasury Secretary Steve Mnuchin proposed another round of trade talks with Beijing
China’s economic momentum weakened a notch in August, with a continued slowdown in investment overshadowing solid retail sales and industrial production data
The White House sent contradictory messages to North Korea, announcing it’s ready to start planning a second meeting with Kim Jong Un just hours after President Trump’s top national security adviser said nuclear talks were stalled
Asia:
The onshore and offshore both declined for a third week; more than 60 percent of U.S. businesses operating in China were hurt by the initial round of tariffs between the Chinese and U.S. governments, with 74 percent foreseeing harm from future U.S. tariffs and 68% from potential Chinese retaliatory duties, according to a survey of more than 430 American companies
S&P Global Ratings lowered its credit ratings on seven Chinese local government financing vehicles by one notch
South Korean won strengthened; the country’s jobless rate rose to 4.2 percent in August, the highest since January 2010 and up from 3.8 percent in July; it will be difficult for the country’s job situation to improve in the short term
Prime Minister Lee Nak-yon said it is time to start thinking about rate increases
Demand-side inflationary pressure remains tepid and it’s “dangerous” to take preemptive monetary measures at this stage, Bank of Korea board member Shin In-seok said
The economy is continuing to recover, led by exports and domestic consumption, the finance ministry said in its monthly green book report
President Moon Jae-in asked heads of the country’s four biggest conglomerates — Samsung (KS:), Hyundai Motor, SK, and LG — to join his visit to Pyongyang to participate in the inter-Korean summit with North Korean leader Kim Jong Un next week, Chosun Ilbo reported
India’s rupee dropped to a record low before trimming the week’s loss; the government unveiled measures to prop up the sagging currency, including steps to facilitate bond issuance by local companies and possible curbs on imports
Officials from the finance ministry have asked the Reserve Bank of India to do more to maintain adequate liquidity in the banking system, people with knowledge of the matter said
The nation’s inflation eased below 4 percent for the first time in 10 months
The Indonesian rupiah posted its first weekly gain in five; Finance Minister Sri Mulyani Indrawati said authorities want to tighten some rules on exporters and are seeking a fair share of export earnings to be retained in the country
Thailand’s SET Index of stocks rallied as King Maha Vajiralongkorn approved two laws, one for the election of members of parliament, and the other for the selection of senators, according to an announcement in the Royal Gazette
Thailand has no need to raise the key interest rate now as the nation’s inflation remains benign, Finance Minister Apisak Tantivorawong said
The government plans to borrow 1.16 trillion baht ($36 billion) in fiscal year 2019
The Malaysian ringgit rose, halting a 12-week losing streak; the trade war may benefit Malaysia over the next year or so, especially in electronics and steel industries; in the long term, U.S.-China trade conflicts would be negative for the country, Finance Minister Lim Guan Eng said
Lim said Malaysia is paring expectations for how much money it can recoup from the 1MDB sovereign wealth fund, and the country would be “very lucky” to get back just half
Recouping all funds lost through 1MDB may not be possible as the government wouldn’t be able to sell assets at the purchase price and some funds have been squandered, Anwar Ibrahim, president-elect of ruling People’s Justice Party, said
Police are investigating bond sales and transactions by institutions linked to 1MDB, according to Deputy Inspector General Noor Rashid Ibrahim
The Philippine peso weakened a fifth straight week, prompting the central bank to have reactivated a hedging program first introduced during the 1997 Asian Financial Crisis to support the peso; the program offers currency forward contracts to bank clients with foreign exchange obligations of at least $50,000
President Rodrigo Duterte agreed to nine measures to contain inflation and a corresponding executive order to implement them immediately, Economic Planning Secretary Ernesto Pernia said
First-half current-account deficit came in at $3.1 billion, compared with a $130 million shortfall a year ago
EMEA:
Turkish lira advanced a second week; President Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction
Gross domestic product rose 5.2 percent during the three months through June from a year earlier
Russia’s ruble halted a 3-week slump as policy makers said they’ll “consider the necessity of further increases” after lifting their benchmark to 7.5 percent, a level last seen in March, from 7.25 percent
Governor Elvira Nabiullina, who first broached the possibility of a rate hike earlier this month, said easing may not resume for more than a year
The two Russians accused by the U.K. of carrying out a nerve-agent attack on a former spy denied the charges in an interview with RT state television
Russia’s economy expanded faster than was earlier estimated in the second quarter
South Africa’s rand strengthened; the country’s stable ratings outlook means there’s little chance of a change in its assessment soon, Moody’s Investors Service said
Business confidence declined to the lowest level this year as industries raised concern about policy uncertainty
South Africa may collect less revenue than forecast and trim its growth prediction for the year after the economy fell into a recession, Finance Minister Nhlanhla Nene said
The Hungarian forint rose; the European Parliament adopted a recommendation to punish the country for the perceived erosion of the rule of law, a process that is still unlikely to yield concrete sanctions
Prime Minister Viktor Orban received an unprecedented EU censure as European lawmakers called for his government to face possible sanctions for eroding democratic standards
Ukraine was given a boost in its fight with Russia over a defaulted $3 billion bond after the U.K. Court of Appeal ordered a full-blown trial
Polish zloty climbed; the country’s Monetary Policy Council kept FX intervention as an option while maintaining a floating exchange rate, according to its policy guidelines for 2019 published on the parliament’s website
Saudi Arabia is said to be raising about $2 billion from the sale of Islamic bonds
The nation’s sovereign wealth fund will sign an $11 billion loan, marking its first-ever borrowing, people familiar with the matter said
Ghana’s long-term foreign currency debt rating was upgraded to B from B- by Standard & Poor’s
Latin America:
The Brazilian real was the second worst performer; right-wing presidential front-runner Jair Bolsonaro underwent more surgery Wednesday evening after being stabbed on Sept. 6; Bolsonaro’s son said he is not in shape for the first round campaigning
Luiz Inacio Lula da Silva endorsed his running mate Fernando Haddad as the Workers Party’s candidate after electoral officials barred the imprisoned former president from running in the October vote
The latest XP/Ipespe poll published Friday showed Bolsonaro leading the pack with 26% support in a 1st round scenario, rising from 23% in prior survey; the former Ceara state Governor Ciro Gomes secured 12 percent while Fernando Haddad captured 10 percent voter support
Argentina’s peso was the worst EM performer, setting a new record low on a closing basis as the IMF said it would delay a $3b disbursement to the nation until talks finish
The government is aiming to save 196 billion pesos ($4.9 billion) through spending cuts next year as it attempts to reach a fiscal balance, according to a report by La Nacion newspaper
August national consumer price index increased 3.9 percent in the month
The Mexican peso was the best performer in Latin America, mostly tracking gains across emerging-market peers; Mexico is open to moving ahead with a bilateral trade pact with the U.S. if Canada can’t reach a deal on Nafta with the Trump administration, FT reported
President-elect Andres Manuel Lopez Obrador’s chief of staff Alfonso Romo said the new government will respect oil contracts and work with companies that already have contracts to achieve success; comments are reassuring to the market, according to a client note from Citigroup (NYSE:)
Upcoming data:
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/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
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Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
Gloom Lifts From Emerging Currencies After Rate Hikes: EM Review
© Bloomberg. Pedestrians gather near a gold and currency exchange store at the Grand Bazaar in Istanbul, Turkey, on Friday, Aug. 17, 2018. Turkish President Recep Tayyip Erdogan argued citizens should buy gold, then he said sell. Add dramatic swings in the lira, and the country’s traders are now enthusiastically doing both. Photographer: Ismail Ferdous/Bloomberg
(Bloomberg) — Emerging-market assets gained last week as Russia unexpectedly raised interest rates and Turkey hiked its one-week repo rate by more than forecast.
Highlights for the week ended Sept. 14:
Turkey’s lira was the best performer among 22 emerging-market currencies tracked by Bloomberg; policy makers defied President Recep Tayyip Erdogan by jacking up rates more than expected to bolster the flagging lira, lifting rates by 625 basis points to 24 percent; the decision came just after Erdogan said the nation “should cut this high interest rate”
Russia’s ruble flipped to gains from losses on Friday after the central bank unexpectedly raised interest rates for the first time since 2014; inflation risks have been mounting with a slumping currency and threats of U.S. sanctions
President Donald Trump is said to have instructed aides to proceed with tariffs on about $200 billion of Chinese products, even as Treasury Secretary Steve Mnuchin proposed another round of trade talks with Beijing
China’s economic momentum weakened a notch in August, with a continued slowdown in investment overshadowing solid retail sales and industrial production data
The White House sent contradictory messages to North Korea, announcing it’s ready to start planning a second meeting with Kim Jong Un just hours after President Trump’s top national security adviser said nuclear talks were stalled
Asia:
The onshore and offshore both declined for a third week; more than 60 percent of U.S. businesses operating in China were hurt by the initial round of tariffs between the Chinese and U.S. governments, with 74 percent foreseeing harm from future U.S. tariffs and 68% from potential Chinese retaliatory duties, according to a survey of more than 430 American companies
S&P Global Ratings lowered its credit ratings on seven Chinese local government financing vehicles by one notch
South Korean won strengthened; the country’s jobless rate rose to 4.2 percent in August, the highest since January 2010 and up from 3.8 percent in July; it will be difficult for the country’s job situation to improve in the short term
Prime Minister Lee Nak-yon said it is time to start thinking about rate increases
Demand-side inflationary pressure remains tepid and it’s “dangerous” to take preemptive monetary measures at this stage, Bank of Korea board member Shin In-seok said
The economy is continuing to recover, led by exports and domestic consumption, the finance ministry said in its monthly green book report
President Moon Jae-in asked heads of the country’s four biggest conglomerates — Samsung (KS:), Hyundai Motor, SK, and LG — to join his visit to Pyongyang to participate in the inter-Korean summit with North Korean leader Kim Jong Un next week, Chosun Ilbo reported
India’s rupee dropped to a record low before trimming the week’s loss; the government unveiled measures to prop up the sagging currency, including steps to facilitate bond issuance by local companies and possible curbs on imports
Officials from the finance ministry have asked the Reserve Bank of India to do more to maintain adequate liquidity in the banking system, people with knowledge of the matter said
The nation’s inflation eased below 4 percent for the first time in 10 months
The Indonesian rupiah posted its first weekly gain in five; Finance Minister Sri Mulyani Indrawati said authorities want to tighten some rules on exporters and are seeking a fair share of export earnings to be retained in the country
Thailand’s SET Index of stocks rallied as King Maha Vajiralongkorn approved two laws, one for the election of members of parliament, and the other for the selection of senators, according to an announcement in the Royal Gazette
Thailand has no need to raise the key interest rate now as the nation’s inflation remains benign, Finance Minister Apisak Tantivorawong said
The government plans to borrow 1.16 trillion baht ($36 billion) in fiscal year 2019
The Malaysian ringgit rose, halting a 12-week losing streak; the trade war may benefit Malaysia over the next year or so, especially in electronics and steel industries; in the long term, U.S.-China trade conflicts would be negative for the country, Finance Minister Lim Guan Eng said
Lim said Malaysia is paring expectations for how much money it can recoup from the 1MDB sovereign wealth fund, and the country would be “very lucky” to get back just half
Recouping all funds lost through 1MDB may not be possible as the government wouldn’t be able to sell assets at the purchase price and some funds have been squandered, Anwar Ibrahim, president-elect of ruling People’s Justice Party, said
Police are investigating bond sales and transactions by institutions linked to 1MDB, according to Deputy Inspector General Noor Rashid Ibrahim
The Philippine peso weakened a fifth straight week, prompting the central bank to have reactivated a hedging program first introduced during the 1997 Asian Financial Crisis to support the peso; the program offers currency forward contracts to bank clients with foreign exchange obligations of at least $50,000
President Rodrigo Duterte agreed to nine measures to contain inflation and a corresponding executive order to implement them immediately, Economic Planning Secretary Ernesto Pernia said
First-half current-account deficit came in at $3.1 billion, compared with a $130 million shortfall a year ago
EMEA:
Turkish lira advanced a second week; President Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction
Gross domestic product rose 5.2 percent during the three months through June from a year earlier
Russia’s ruble halted a 3-week slump as policy makers said they’ll “consider the necessity of further increases” after lifting their benchmark to 7.5 percent, a level last seen in March, from 7.25 percent
Governor Elvira Nabiullina, who first broached the possibility of a rate hike earlier this month, said easing may not resume for more than a year
The two Russians accused by the U.K. of carrying out a nerve-agent attack on a former spy denied the charges in an interview with RT state television
Russia’s economy expanded faster than was earlier estimated in the second quarter
South Africa’s rand strengthened; the country’s stable ratings outlook means there’s little chance of a change in its assessment soon, Moody’s Investors Service said
Business confidence declined to the lowest level this year as industries raised concern about policy uncertainty
South Africa may collect less revenue than forecast and trim its growth prediction for the year after the economy fell into a recession, Finance Minister Nhlanhla Nene said
The Hungarian forint rose; the European Parliament adopted a recommendation to punish the country for the perceived erosion of the rule of law, a process that is still unlikely to yield concrete sanctions
Prime Minister Viktor Orban received an unprecedented EU censure as European lawmakers called for his government to face possible sanctions for eroding democratic standards
Ukraine was given a boost in its fight with Russia over a defaulted $3 billion bond after the U.K. Court of Appeal ordered a full-blown trial
Polish zloty climbed; the country’s Monetary Policy Council kept FX intervention as an option while maintaining a floating exchange rate, according to its policy guidelines for 2019 published on the parliament’s website
Saudi Arabia is said to be raising about $2 billion from the sale of Islamic bonds
The nation’s sovereign wealth fund will sign an $11 billion loan, marking its first-ever borrowing, people familiar with the matter said
Ghana’s long-term foreign currency debt rating was upgraded to B from B- by Standard & Poor’s
Latin America:
The Brazilian real was the second worst performer; right-wing presidential front-runner Jair Bolsonaro underwent more surgery Wednesday evening after being stabbed on Sept. 6; Bolsonaro’s son said he is not in shape for the first round campaigning
Luiz Inacio Lula da Silva endorsed his running mate Fernando Haddad as the Workers Party’s candidate after electoral officials barred the imprisoned former president from running in the October vote
The latest XP/Ipespe poll published Friday showed Bolsonaro leading the pack with 26% support in a 1st round scenario, rising from 23% in prior survey; the former Ceara state Governor Ciro Gomes secured 12 percent while Fernando Haddad captured 10 percent voter support
Argentina’s peso was the worst EM performer, setting a new record low on a closing basis as the IMF said it would delay a $3b disbursement to the nation until talks finish
The government is aiming to save 196 billion pesos ($4.9 billion) through spending cuts next year as it attempts to reach a fiscal balance, according to a report by La Nacion newspaper
August national consumer price index increased 3.9 percent in the month
The Mexican peso was the best performer in Latin America, mostly tracking gains across emerging-market peers; Mexico is open to moving ahead with a bilateral trade pact with the U.S. if Canada can’t reach a deal on Nafta with the Trump administration, FT reported
President-elect Andres Manuel Lopez Obrador’s chief of staff Alfonso Romo said the new government will respect oil contracts and work with companies that already have contracts to achieve success; comments are reassuring to the market, according to a client note from Citigroup (NYSE:)
Upcoming data:
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/gloom-lifts-from-emerging-currencies-after-rate-hikes-em-review
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View note
Text
The blockchain/crypto week in quotes
The blockchain/crypto week in quotes
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilisation’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.” CoinList CEO Andy Bromberg
“In a single hour of trading yesterday (30th January), XRP managed to erase an entire week’s worth of losses. A jump of 10% seems to have buoyed the entire crypto market and sentiment is once again optimistic. Ripple was in the news yesterday as CEO Brad Garlinghouse and CEO of SWIFT Gottfried Leibbrandt appeared onstage together at the Paris Fintech Forum. The SWIFT CEO announced a partnership with payments provider R3, which Ripple also does business with.
Crypto investors have joined the dots and, rather than rivalry between the two companies, are seeing the development of a larger network, which includes all the major players in the industry and represents the next step in cryptoasset technology. We’ll have to watch and wait to be sure, but this potential collaboration seems to have further buoyed market sentiment.” Mati Greenspan, Senior Market Analyst, eToro
“There are basically three key pillars to providing banking in developing markets. Nobody in Haiti says, “My problem is that I’m unbanked.” Most people in Haiti don’t know what the eff that word means. You go to Mexico, you go to the Philippines, you go to Indonesia—nobody says, “Oh, my God, if only I wasn’t unbanked.” Nobody cares about that, except maybe people with great intentions at NGOs.
What people care about is, “Can I get credit in a pinch? Can I send or receive money at reasonably low cost? And can I invest? If I’m saving my family’s money, even if it’s only $50 a month, can I invest that money, or do I have to leave it under the mattress? And can I invest it in something other than my country’s failing currency?” In Venezuela or Argentina, if you’re older than 40 you’ve probably seen this rodeo 10 times: currencies failing and getting propped up, or failing and starting over. So all three of those models are relevant in developing markets.
Now, this is where crypto starts to get interesting. For two reasons. One is Bitcoin’s ability to serve as hard money. But, and this is a big one, it’s only going to become useful for the average consumer in the short term—the next five years—if you can take that hard money and use it to collateralise other asset classes. Because the average consumer does not have the mental capacity right now to understand what a cryptocurrency means. It would be like explaining TCP/IP to your grandmother so that she can watch Netflix. It’s not going to happen. But if you can collateralise real-world assets using crypto, [without] introducing new third-party custodians, you’re onto something really interesting. Because now you can represent fiat currencies, stocks, bonds, commodities in a way that doesn’t require you to become a bank. That’s interesting. You’ve got a combination of hard money and regulatory arbitrage to solve real consumer problems. That’s what I think it’s going to take to break into developing markets.” Abra CEO Bill Barhydt
Some salty comments here. No one is forcing you to buy any coin. We simply provide a method for people who do. I have a feeling most of the salty comments come from people who wants to buy the coin badly. We will see. https://t.co/VottD2IlrH
— CZ Binance (@cz_binance) January 30, 2019
“I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017. Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” Jan Van Eck, CEO, Van Eck Associates
Maximalism: The idea that decentralization is extremely important but only one blockchain and only one form of money is acceptable
— Erik Voorhees (@ErikVoorhees) January 28, 2019
“It’s definitely not a case of if, but when crypto ETFs will begin to emerge. As crypto assets gain legitimacy as an asset class of their own, it is imperative that businesses that make money by providing access to different asset classes will cater to crypto assets as well.
For this to happen, two main things are required. Firstly, it’s crucial that the valuation of crypto assets moves from the current, purely speculative approach to a focus on the fundamentals. As well as this, the support of regulatory bodies that recognise crypto/digital assets as a legitimate asset class that they do not deem to be too risky will be essential to getting ETFs approved.
It should be noted that some exchange-traded products do exist at present, for example the Swiss listed ETP. Given the regulatory landscape, it is likely that the ETFs will be available in jurisdictions outside of the USA first. If one has to predict a possible date for a USA listed crypto ETF, 2019 seems too optimistic.” Vaibhav Kadikar, Founder and CEO, CloseCross
I mean, I been calling this P&D shitshow for like 9 months now. It’s a joke. Glad people are finally wising up to it. Will it be the next Bitconneeeeeeeect? Who knows… But I sure as hell wouldn’t recommend anybody goes anywhere near it! https://t.co/jtfbWDwTxn
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) January 30, 2019
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” JPMorgan’s Chair of Global Research, Joyce Chang
It’s a sad day when Tether is in the number 4 spot… pic.twitter.com/MbVds9Igle
— Ran NeuNer (@cryptomanran) January 29, 2019
“As we motor on into 2019, we have already seen the first piece of communication from the FCA in the form of a consultation paper from their Crypto Asset Task Force, issued last week. This document looks to set out the FCA’s proposed guidance on the existing regulatory perimeter and how crypto assets fall within that. For those who expected this communication to be ground-breaking and definitive, we are a long way from that as we await the final findings in Summer 2019 which is when we expect to see some firm guidance that we can all work to, so in the meantime we will have to make do with the snippets that they choose to publish to the market.
From a GlobalBlock standpoint it is great to see a combined and concerted effort from the government, HMRC and UK regulator to bring some clarity to the market, and we look forward not only to the protections and clear tax implications that it brings to investors, but also the overarching structure and framework presented. This should really assist in bringing the next level of investment from wider sectors to assist in the next phase of market evolution and adoption across both retail and institutions.
From a retail perspective, we cannot emphasise enough the importance of consumer protection in the guidance in line with existing financial services regulations. Despite a significant fall in crypto prices over the last 12 months, we are still experiencing solid interest from the retail part of the market, which we feel will only grow once the confidence is there that protection is available.
The institutional key to success is simple with four main drivers to future growth, the first two being education and security and the second two, and most pertinent being regulation and compliance. Essentially, the compliance environment in crypto, whilst hailed for its anonymity, makes it very difficult to verify identity and risk profiles to be compliant with KYC/AML rules, so any progression here will be welcomed. From a regulatory perspective, the current landscape is nascent and so even if other countries’ governments and financial authorities are being a little slower to react, having some insight and guidance in the UK can only be a good thing, especially given how highly regarded the FCA is.” David Thomas, Director and Co-Founder, GlobalBlock
8 FOR 8 in #Wyoming! The stock certificate token bill just passed the House 57-1, so all 8 bills are thru originating chamber & ready to cross to other chamber next week. Still a ways to go before they become law but we have nice momentum! Thx @JaredSOlsen! @lex_node @ConsenSys pic.twitter.com/b5iPp1hp2S
— Caitlin Long
(@CaitlinLong_) February 1, 2019
Source link http://bit.ly/2WMKESe
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Text
The blockchain/crypto week in quotes
The blockchain/crypto week in quotes
“We had this first wave of massive hype around ICOs in 2017, early 2018, and then a little bit of a pullback. And now in 2019, it feels like people are focused on building… I think the market is going to be quiet for a little bit, while people focus on actually creating things. It feels like a little bit of a Mesopotamia, ‘cradle of civilisation’ moment, where everyone has the ingredients they need, needs to focus in and start to build out those empires, and create what the future is going to look like, and that’s what this year is going to be about.” CoinList CEO Andy Bromberg
“In a single hour of trading yesterday (30th January), XRP managed to erase an entire week’s worth of losses. A jump of 10% seems to have buoyed the entire crypto market and sentiment is once again optimistic. Ripple was in the news yesterday as CEO Brad Garlinghouse and CEO of SWIFT Gottfried Leibbrandt appeared onstage together at the Paris Fintech Forum. The SWIFT CEO announced a partnership with payments provider R3, which Ripple also does business with.
Crypto investors have joined the dots and, rather than rivalry between the two companies, are seeing the development of a larger network, which includes all the major players in the industry and represents the next step in cryptoasset technology. We’ll have to watch and wait to be sure, but this potential collaboration seems to have further buoyed market sentiment.” Mati Greenspan, Senior Market Analyst, eToro
“There are basically three key pillars to providing banking in developing markets. Nobody in Haiti says, “My problem is that I’m unbanked.” Most people in Haiti don’t know what the eff that word means. You go to Mexico, you go to the Philippines, you go to Indonesia—nobody says, “Oh, my God, if only I wasn’t unbanked.” Nobody cares about that, except maybe people with great intentions at NGOs.
What people care about is, “Can I get credit in a pinch? Can I send or receive money at reasonably low cost? And can I invest? If I’m saving my family’s money, even if it’s only $50 a month, can I invest that money, or do I have to leave it under the mattress? And can I invest it in something other than my country’s failing currency?” In Venezuela or Argentina, if you’re older than 40 you’ve probably seen this rodeo 10 times: currencies failing and getting propped up, or failing and starting over. So all three of those models are relevant in developing markets.
Now, this is where crypto starts to get interesting. For two reasons. One is Bitcoin’s ability to serve as hard money. But, and this is a big one, it’s only going to become useful for the average consumer in the short term—the next five years—if you can take that hard money and use it to collateralise other asset classes. Because the average consumer does not have the mental capacity right now to understand what a cryptocurrency means. It would be like explaining TCP/IP to your grandmother so that she can watch Netflix. It’s not going to happen. But if you can collateralise real-world assets using crypto, [without] introducing new third-party custodians, you’re onto something really interesting. Because now you can represent fiat currencies, stocks, bonds, commodities in a way that doesn’t require you to become a bank. That’s interesting. You’ve got a combination of hard money and regulatory arbitrage to solve real consumer problems. That’s what I think it’s going to take to break into developing markets.” Abra CEO Bill Barhydt
Some salty comments here. No one is forcing you to buy any coin. We simply provide a method for people who do. I have a feeling most of the salty comments come from people who wants to buy the coin badly. We will see. https://t.co/VottD2IlrH
— CZ Binance (@cz_binance) January 30, 2019
“I do think that Bitcoin pulled a little bit of demand away from gold last year, in 2017. Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” Jan Van Eck, CEO, Van Eck Associates
Maximalism: The idea that decentralization is extremely important but only one blockchain and only one form of money is acceptable
— Erik Voorhees (@ErikVoorhees) January 28, 2019
“It’s definitely not a case of if, but when crypto ETFs will begin to emerge. As crypto assets gain legitimacy as an asset class of their own, it is imperative that businesses that make money by providing access to different asset classes will cater to crypto assets as well.
For this to happen, two main things are required. Firstly, it’s crucial that the valuation of crypto assets moves from the current, purely speculative approach to a focus on the fundamentals. As well as this, the support of regulatory bodies that recognise crypto/digital assets as a legitimate asset class that they do not deem to be too risky will be essential to getting ETFs approved.
It should be noted that some exchange-traded products do exist at present, for example the Swiss listed ETP. Given the regulatory landscape, it is likely that the ETFs will be available in jurisdictions outside of the USA first. If one has to predict a possible date for a USA listed crypto ETF, 2019 seems too optimistic.” Vaibhav Kadikar, Founder and CEO, CloseCross
I mean, I been calling this P&D shitshow for like 9 months now. It’s a joke. Glad people are finally wising up to it. Will it be the next Bitconneeeeeeeect? Who knows… But I sure as hell wouldn’t recommend anybody goes anywhere near it! https://t.co/jtfbWDwTxn
— Josiah [Not interested in Bank-Coins] Spackman (@dgb_chilling) January 30, 2019
“Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” JPMorgan’s Chair of Global Research, Joyce Chang
It’s a sad day when Tether is in the number 4 spot… pic.twitter.com/MbVds9Igle
— Ran NeuNer (@cryptomanran) January 29, 2019
“As we motor on into 2019, we have already seen the first piece of communication from the FCA in the form of a consultation paper from their Crypto Asset Task Force, issued last week. This document looks to set out the FCA’s proposed guidance on the existing regulatory perimeter and how crypto assets fall within that. For those who expected this communication to be ground-breaking and definitive, we are a long way from that as we await the final findings in Summer 2019 which is when we expect to see some firm guidance that we can all work to, so in the meantime we will have to make do with the snippets that they choose to publish to the market.
From a GlobalBlock standpoint it is great to see a combined and concerted effort from the government, HMRC and UK regulator to bring some clarity to the market, and we look forward not only to the protections and clear tax implications that it brings to investors, but also the overarching structure and framework presented. This should really assist in bringing the next level of investment from wider sectors to assist in the next phase of market evolution and adoption across both retail and institutions.
From a retail perspective, we cannot emphasise enough the importance of consumer protection in the guidance in line with existing financial services regulations. Despite a significant fall in crypto prices over the last 12 months, we are still experiencing solid interest from the retail part of the market, which we feel will only grow once the confidence is there that protection is available.
The institutional key to success is simple with four main drivers to future growth, the first two being education and security and the second two, and most pertinent being regulation and compliance. Essentially, the compliance environment in crypto, whilst hailed for its anonymity, makes it very difficult to verify identity and risk profiles to be compliant with KYC/AML rules, so any progression here will be welcomed. From a regulatory perspective, the current landscape is nascent and so even if other countries’ governments and financial authorities are being a little slower to react, having some insight and guidance in the UK can only be a good thing, especially given how highly regarded the FCA is.” David Thomas, Director and Co-Founder, GlobalBlock
8 FOR 8 in #Wyoming! The stock certificate token bill just passed the House 57-1, so all 8 bills are thru originating chamber & ready to cross to other chamber next week. Still a ways to go before they become law but we have nice momentum! Thx @JaredSOlsen! @lex_node @ConsenSys pic.twitter.com/b5iPp1hp2S
— Caitlin Long
(@CaitlinLong_) February 1, 2019
Source link http://bit.ly/2WMKESe
0 notes
Text
2018-03-11 21 NEWS now
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REVIEW: The Reluctant Fundamentalist (2012) dir. Mira Nair Starring: Riz Ahmed, Liev Schreiber, Kate Hudson, Kiefer Sutherland Rating: 4.5/5
Review Summary: I’m not going to be friends with anyone who won’t watch this movie.
SOME SPOILERS AHEAD
The Reluctant Fundamentalist, based on the book of the same name by Mohsin Hamid shares the story of a Pakistani man living in America post-9/11. It opens with the kidnapping of an American professor, Anse Rainer, in Lahore, Pakistan. American journalist/CIA informant, Bobby Lincoln (Liev Schreiber), interviews Rainer’s colleague, Changez Khan (Riz Ahmed), who the CIA suspects is involved in the kidnapping.
Caption: Bobby Lincoln, left, (Liev Schreiber) and Changez Kahn, right, (Riz Ahmed) sit at a table in Lahore, Pakistan discussing Changez’s life.
Changez is a very intelligent and determined young man who moves to the United States to attend Princeton University on scholarship, and eventually, to New York City to work for a Wall Street valuation company, Underwood Samson. He works on a fairly diverse team and thrives very easily at the company, rising quickly to the level of Associate.
Caption: A conference/meeting room at Underwood Samson. Changez Kahn is pictured middle left
Changez also falls very deeply in love with a white American photographer, Erica (Kate Hudson) who he meets by chance one day by stumbling into her outdoor photoshoot of skateboarders.
Caption: Changez and Erica (Kate Hudson) kiss and embrace in Erica’s apartment.
After the 9/11 attacks on the World Trade Center by Al-Qaeda, Changez experiences many different forms of racism and Islamophobia. Immediately after the attacks, Changez and his co-workers are arriving back to New York from Manila, Philippines. There, he is subjected to a humiliating strip search by authorities which ends with the man inspecting his anus. The film portrays this in a way in which makes you focus entirely on how Changez feels humiliated and degraded.
Caption: Changez bends over naked in a private room in the airport as he is inspected by authorities.
The entire film does just such an amazing job of focusing on how deeply traumatic these experiences of racism and Islamophobia are for Muslims living in America. In addition to being strip-searched at the airport, Changez is also mistakenly arrested on the street after calls were made to the police about a different Pakistani man. He is interrogated intensely and not allowed to contact his lawyer. In another instance, his tires are slashed after a meeting and a white man pulls up next to him in the parking lot (assumingly the same man who slashed his tires), spits at him, and says “Fuck you, Osama!”
One scene that is particularly unnerving is when his girlfriend, Erica sets up an art show that is based on their relationship. It features several fetishistic elements and appropriates many aspects of Islamic culture. Changez is outraged when he sees it, feeling as if he was just a prop in her artistic endeavors. Riz Ahmed’s acting here is really amazing here too! (He is never one to shy away from political comments and recently released a song called “Englistan” about his experience as a British Pakistani man which you should listen to!) You can really feel Riz’s true emotion behind it. Here is the full reaction scene:
Full transcript Changez: You’re the one goddamn person I trusted in this city and now I get this shit. I get this fucking shit from you too, now? Hmm? Erica: I don’t...I thought...I thought...I thought you’d be proud of me. Changez: Why would I be proud? What? Proud of being your own little pet artistic project? Erica: Can we please take this outside? Changez: No, what? Was that the idea? Huh? How chic! How chic! “I’m gonna date a Pakistani after 9/11 and it’s gonna be great for my bohemian street cred!” Erica: That is completely unfair! Changez: “I fucked the 20th hijacker!” Huh? I’m like the ultimate downtown status symbol right now.
Another thing that The Reluctant Fundamentalist does that is interesting is display everyday microaggressions or ingrained Islamophobic ideals that we as Americans exhibit towards the Muslim community. Changez consistently has his name pronounced incorrectly and by people that he works with. These are people that he spends the majority of his day with and they can’t even learn how to pronounce his name - a name that is really not at all hard to pronounce even for the most redneck American. He gets called “Changes” or “Chain-jeez” multiple times.
By one coworker, he is even called Saddam on more than one occasion. Multiple coworkers comment on the fact that they dislike his beard and urge him to shave it, despite the fact that Changez says that it reminds him of where he comes from. These are things that Americans, particularly white Americans, do, sometimes without even realizing it. But still, The Reluctant Fundamentalist shows us that these things impact Muslims living in America negatively.
Furthermore, often while at work, after the attacks, Changez overhears his coworkers speaking ignorantly about Muslims. Here is how one conversation went down:
Wainwright: All I'm saying is, before I'd start a full F-16, tank-ass war against the entire Muslim world, I'd give the CIA, INTERPOL, whoever, a chance to track these motherfuckers down. Mike: We got hit first. It's Pearl Harbor all over again. It's common fucking sense. Wainwright: I'm not saying you're wrong, but what nation-state attacked us? Mike: Nation-state, my ass! You're splitting hairs. Wainright: Am I? Mike: Yeah. They believe God told them to blow us up. It's in their book. Wainright: It's in their book? Mike: Yeah. Whatever it's called.
The film does an incredible job of articulating how American patriotism can easily cross the line into xenophobia. I think that a major point to take away from this is that white fear and American nationalism breeds terrorism (though Changez is not a terrorist, that’s not what I’m implying). But, we as Americans ostracize Muslims to the point where we make them resent us. We tell them that America is the place where dreams come true and anyone can thrive, but then despise anyone who we don’t think fits our very Eurocentric standards. And when tragedy strikes or anything happens that makes us feel threatened, we blame anyone who looks like the people we are angry at. I think that Changez says it best himself:
Changez: You picked a side after 9/11: I didn’t have to. It was picked for me.
So, are there any negatives to the film? Only slightly. I found the present day plot with Anse Rainer a bit confusing to follow. I just think that it could have been simplified a bit for the film. And as for women in the film, of course, I wish there were more women because I literally always wish that there were more women. However, I was pleased with the way the women were represented. His sister Bina (Meesha Shafi) is a carefree and confident woman who dresses in her own unique style. It’s a contrast to the typical Muslim women that are typically displayed in Western media. We need more honest and real portrayals of Muslim women in popular media, which is why we really need more incredible filmmakers who are women of color like Mira Nair (Mississippi Masala, The Namesake).
I give this film a 4.5 out of 5 because I really think that the plot taking place in the present day was very confusing and hard to follow. That being said, this is truly one of the most incredible films I have seen recently. I’ve been so serious this whole review because I just couldn’t bring myself to try and be funny. This topic isn't funny. It demands to be taken seriously. I wish every single American, especially white American, could watch The Reluctant Fundamentalist. Maybe then we could understand our impact of the hatred and trauma that we inflict on Muslims living America every day.
#the reluctant fundamentalist#riz ahmed#kate hudson#liev schreiber#genre: drama#genre: thriller#subgenre: political#theme: class#theme: race#theme: religion#theme: ethnicity#lead: poc#mira nair#2010s#2012#4.5#film review
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