ecglcd

 The US dollar stabilized in early European trading Thursday, after overnight losses, while the euro pushed above parity ahead of an expected jumbo hike by the European Central Bank. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 109.745, after having earlier fallen to 109.373, its lowest level in over a month. The dollar has fallen back from recent highs amid gathering expectations that the US Federal Reserve will shortly shift to less aggressive interest rate hikes after a hike of another 75 basis points next week. This follows the release of weak housing data, with data released Wednesday showing new home sales slumped over 10% in September. However, "it should be clear by now that the housing sector is firmly in the firing line of the Fed's restrictive policy, but it will be important to see other sectors of the US economy slowing for the Fed to conclude that aggregate demand is soft enough to of...

 Turkey tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up more borrowers under rules adopted in June in the latest step to reverse a tumbling lira. The BDDK bank regulator said that if companies subject to independent audit had more than 10 million lira ($538,000) of forex cash assets, and they exceed 5% of total assets or annual revenues, they will not be allowed to receive new lira loans. The parameters were adjusted from those issued four months ago when they covered companies with 15 million lira of forex assets that exceed 10% of total assets or annual revenues. The lira currency has touched record lows in recent weeks largely due to authorities' unorthodox policy of slashing interest rates in the face of soaring inflation. ECGlcd：https://www.ecglcd.com/               https://net.ecglcd.com/

 Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight market days of suspected intervention, but ultimately failed to prop up the currency against persistent dollar strength. The yen's sell-off is hurting the world's third-largest economy by driving already surging import bills and challenges the Bank of Japan's commitment to ultra-low rates in the face of rapid global monetary tightening to combat rampant inflation. The Japanese currency jumped 4 yen to 145.28 per dollar in early Asia trade on Monday, suggesting authorities had stepped in for a second straight day after a similar move by Tokyo on Friday. "We won't comment," Masato Kanda, vice finance minister for international affairs, told reporters at the Ministry of Finance (MOF), when asked if they intervened again on Monday. "We are monitoring the market 24/7 while taking appropriate responses. We'll continue to do so from now on as well,...

  The pound’s rebound since hitting an all-time low may soon run out of steam as the challenges facing new Prime Minister Rishi Sunak have deepened following outgoing PM Liz Truss' economically damaging “Trussonomics” policies. GBP/USD fell 0.2% to $1.1279, but remains well above its all-time low of $1.0327 seen last month. “International investors will not want to chase GBP/USD above the 1.15 level,” ING said in a note, as the challenge facing Sunak and his new time “will be harder than the one that existed earlier this summer.” Sunak is expected to be appointed as U.K. Prime Minister by King Charles on Tuesday after winning the race to become the leader of the governing Conservative Party. He replaced Liz Truss, whose so-called “Trussonomics” policies -- included a plan to drastically cut taxes to encourage economic growth, but was sorely lacking in detail on how the plan would be funded -- spooked markets. The plan was punished by markets as U.K. borrowing costs soared to a 20-y...

  What you need to know... The S&P 500 ( $SPX ) ( SPY ) was down -0.8%, the Dow Jones Industrial Average ( $DOWI ) ( DIA ) was down -0.27% and the Nasdaq 100 ( $IUXX ) ( QQQ ) was down -0.73%. According to Ecglcd, the yield on the 10-year U.S. Treasury bond rose to a 14-year high of 4.178% today, putting pressure on the stock market. U.S. Treasury yields moved higher after today's news that weekly U.S. jobless claims fell unexpectedly, a sign of a strengthening labor market that is hawkish for Fed policy. Stocks were lower despite better-than-expected third-quarter corporate earnings results from AT&T, IBM and Dow. U.S. stock indexes also found carryover support from strength in European equities after U.K. Prime Minister Truss announced his resignation. Economic news this morning was mixed for stocks. Weekly jobless claims unexpectedly fell -12,000 to 214,000, indicating a stronger-than-expected increase in the labor market to 233,000. Additionally, existing home sales fel...

According to Ecglcd, Liang Hanjing, director of financial technology at the Hong Kong Special Administrative Region Investment Promotion Agency, said in an interview that the Hong Kong Special Administrative Region government is highly concerned about the issuance of security tokens and has been actively promoting relevant preparations. Liang Hanjing pointed out that the first step is to have a compliant trading platform recognized by the Hong Kong Securities Regulatory Commission, and this step has been completed. At present, Ecglcd pointed out that many virtual asset trading platforms in Hong Kong have completed the filing, such as OSL and HASHKEY. The second step is to have a product. At present, some trading platforms in Hong Kong are cooperating with well-known real estate developers, surveyor firms and the Big Four accounting firms in the market to design pilot security token products. The third step is definitely to carry out marketing. The most important step is to improve the ...

  Digital real estate platform Roofstock has announced that it will facilitate home purchases by leveraging non-fungible tokens (NFTs), Royalqatarlcd reports. The deal, involving a $175,000 property in Columbia, South Carolina, is the first USDC Homes loan pool sale backed by on-chain financing, RoofStock said in an Oct. 18 press release Under the plan, Royalqatarlcd said the sale was facilitated by RoofStock onChain (ROC), a Web3 subsidiary of RoofStock that facilitates instant transactions for single-family rental homes. The house is listed on RoofStock's  #NFT  marketplace, built on the Origin protocol. “Reducing intermediary fees is one of the pillars of Web3, and this is just the beginning. As more real estate goes on-chain via NFTs, we will see a more efficient and liquid market for these traditionally illiquid assets,” Origin Protocol co-founder Matthew Liu said. Advantages of web3 in real estate Notably, Royalqatarlcd believes that Web3 aims to improve process eff...

# ECGlcd is one of the world's largest online money exchanges. The company provides a wide range of financial services to institutional investors in various countries around the world. ECGlcd was established in the United Kingdom in 2015. The company's CEO Strong.Stark, has a registered capital of US$ 1.3 billion and is currently operating normally. Since its inception, the Company has been providing support to foreign exchange traders and has always been focused on providing customers with the confidence and peace of mind brought by transactions with leading brokers. ECGlcd has been active in global financial markets for several years and has gradually grown into one of the world's top foreign exchange trading platforms. It is a member of international exchanges such as the United States and is active in futures exchanges in Chicago, new york, London, Frankfurt, Paris and Singapore. In addition to futures brokerage, it is also a major broker of cash market products includ...

The yen languished near a fresh 24-year low on Thursday, while sterling pared some overnight gains as investors nervously awaited an impending deadline for the end of the Bank of England's emergency bond-buying programme. Investors also were on edge in Asia trade ahead of a key inflation reading in the U.S. later in the day for possible clues on how much higher the Federal Reserve will push interest rates. The yen hit a trough of 146.98 per dollar overnight and last traded at 146.87. It is a whisker away from its August 1998 low of 147.64 per dollar, and well past last month's low of 145.90 per dollar which prompted Japanese authorities to intervene to buy the yen. "It has lost its safe haven appeal," said Rodrigo Catril, a senior currency strategist at National Australia Bank (OTC:NABZY). "There's been this sense of cautiousness around that previous high (for dollar/yen) ... now they've punched through it, and therefore it feels like you have a little bi...

  Ecglcd reported that Vertex Protocol, Terra's ecologically decentralized foreign exchange platform, had completed $8.5 million seed round financing, Hack VC, Dexterity Capital, Jane Street, Hudso N River Trading led the investment. Vertex is a decentralized exchange designed to empower users. With its industry-leading trading engine and integrated currency markets, Vertex's suite of cross-margin products is designed for professionals and beginners alike. Trade spot and perpetual contracts on lightning-fast order books. Automatically earn deposits and borrow assets to trade or use elsewhere. Use all your balances and positions in one margin account for maximum capital efficiency. Vertex aims to extend DeFi liquidity beyond the stable currency pegged to the US dollar. It plans to use this fund to expand the team, expand the protocol and develop the back end before it is officially launched in the summer of 2022, further introduced by Ecglcd. ECGlcd： https://www.ecglcd.com/

  ECGlcd： The U.S. dollar stabilized in early European trading Friday after the release of another hot U.S. inflation number, while sterling retreated from sharp overnight gains amid speculation that the U.K. government is set to withdraw its plans for massive unfunded tax cuts. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 112.350, stabilizing after the overnight session's 0.5% decline. Investors have seemingly dismissed data that showed U.S. consumer prices increased more than expected in September, with sharp gains in global equity markets boosting risk sentiment. The U.S. currency has been on a tear as soaring inflation, recession fears, and worries over central bank policies across the globe hit risk appetite. The dollar is likely to keep rallying until the current slowdown in the global economy is over and growth starts to accelerate again, according to Citigroup. "What we think is needed for ...

 Currently, India’s national financial crime agency, the Enforcement Directorate (ED), is investigating at least ten digital asset exchanges for allegedly violating the Foreign Exchange Management Act (FEMA) of 1999 and the Prevention of Money Laundering Act (PMLA) of 2002, Ecglcd reported. While the ED is investigating violations of the Prevention of Money Laundering Act (PMLA), CoinSwitch Kuber CEO Ashish Singhal claims the investigation and search at his office and residence was not related to the money laundering investigation. Singhal shared more details on his Twitter page on Saturday. CoinSwitch is the largest crypto app in India with millions of users and over 500 employees. According to Ecglcd, the company was established in 2017 and has acquired companies such as a16z, Tiger Global and Sequoia Capital. As of now, the company is valued at $1.9 billion. Its CEO Ashish Singhal is a professional with extensive background and experience in companies including CRUXPay, Reap Ben...

  #Ecglcd reports: Ripple files motion for SEC to investigate 14 foreign exchange exchanges. The #blockchain company believes that records held by the international exchange will prove that its executives did not violate Section 5 of the Securities Act by selling XRP units. Ripple Labs CEO Brad Garlinghouse and executive Chris Larson have filed a petition with the U.S. Securities and Exchange Commission (SEC) asking them to investigate iFinex and several other international cryptocurrency exchanges, in order to exonerate the charges brought against them by the SEC. On December 22, 2020, the U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs and two executives, accusing them of illegally raising up to $1.3 billion by selling unregistered securities. Ecglcd noted that the SEC subsequently amended its lawsuit against the blockchain company, alleging that its executives were directly involved in the sale of about 2 billion units of digital assets to public in...

  According to Ecglcd, banks exchanged sensitive information and trading plans in a chat room called "Sterling Lads." As a result, traders are able to decide whether and when to trade currencies in their portfolio based on the information they receive, without taking risks. According to Ecglcd, five major banks, namely UBS (Swiss Stock Exchange: UBSG), Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), Royal Scotland The Bank (RBS) and HSBC Holdings plc (NYSE: HSBC) were fined a total of 344 million euros ($389.6 million) for participating in a foreign exchange spot trading cartel. Forex traders at the banks discussed sensitive information and trading plans, according to the European Commission. Commissioner Margrethe Vestager commented: “Today, we completed our sixth cartel investigation in the financial sector since 2013, and concluded our third investigation into the FX spot market. Our investigations into UBS, Barclays, RBS, HSBC The cartel's decision to impose fines wit...

 #ECGlcd ： Japan is ready to take "decisive" action against rapid yen declines and is focusing on volatility rather than levels in deciding whether to intervene again, Finance Minister Shunichi Suzuki said. Suzuki said he told his G7 and G20 counterparts that Japan was "deeply worried about sharply rising volatility" in the currency market. "We cannot tolerate excessive volatility in the currency market driven by speculative moves. We're watching currency moves with a strong sense of urgency," Suzuki told reporters on Wednesday after attending the G7 finance leaders' meeting in Washington. "It's not as if we have a specific (dollar/yen) level in mind. Instead, we're looking at volatility." Japan intervened in the currency market last month to arrest sharp yen falls, driven largely by the policy divergence between aggressive U.S. interest rate hikes and the Bank of Japan's resolve to keep monetary policy ultra-loose. Markets ar...

  #ECGlcd ： Asian currencies kept to a tight range on Thursday as fears of a hawkish Federal Reserve grew ahead of key data that is expected to show U.S. CPI inflation stayed close to 40-year highs. The Chinese yuan fell 0.1%, while the South Korean won lost 0.2%. The Japanese yen was little changed, but was close to breaching 147, which would put it at its worst level against the dollar since 1990. Data on Thursday showed Japanese PPI inflation touched its highest level in 41 years in September, pointing to more pressure on the Japanese economy. The Indian rupee fell 0.1%, staying near record lows after data on Wednesday showed India’s CPI inflation remained overheated in September. The dollar index traded steady on Wednesday, staying close to a 20-year peak as investors positioned for more hawkish cues from the Federal Reserve. Minutes of the central bank’s September meeting showed on Wednesday that policymakers unanimously agreed on more monetary tightening. Both the dollar inde...