EURUSD Set For More Gains Amid U.S. Rate Uncertainty

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1. EURUSD Set For More Gains Amid U.S. Rate Uncertainty
EURUSD is set for further gains after a long rally last week as the dollar was largely subdued by uncertainty over future rate hikes by the Federal Reserve. Meanwhile conflicting signals on the prospects for a truce in the Sino-U.S. trade dispute and the Federal Reserve’s newly-found concerns over the global economy have put more strain on the dollar. Sino-U.S. tensions were clearly on display at an APEC meeting in Papua New Guinea over the weekend, during which leaders failed to agree on a communique for the first time ever.*

2. Sterling Takes A Breather Amid Brexit Trouble
Uncertainty surrounding the U.K.’s future relationship with the European Union has weighed on the British pound last week. GBPUSD added 0.3% in early Monday trading after suffering a steep tumble on Friday. Investors continue to remain cautious this week as turmoil surrounding Brexit shows no signs of abating. Expectations are growing that Theresa May will seek further concessions from the European Union in an attempt to ensure she can secure the backing of her party and her Northern Ireland DUP partners for her Brexit deal.The deal released last week drew fierce criticism by some of May’s Conservative party MPs that stated they would not vote for the deal!**

3. Bitcoin Cash Suffers -44% Bloodbath
Bitcoin Cash shed more than 44% this morning after the latest Bitcoin Cash (BCH) network update resulted in a complex battle, and the blockchain has been split into two: BCH ABC is in one corner, and BCH SV is in the other! It is important to note that twice a year, the BCH network performs hard forks as part of scheduled protocol upgrades. The latest hard fork, scheduled for Nov. 15, was disrupted by a competing proposal that was not compatible with the original. As a result, BCH community was split into three fractions: Bitcoin ABC, Bitcoin Unlimited, and Bitcoin SV. This caused havoc in the markets with many major crypto exchanges, including Coinbase, Bitstamp, and Poloniex, among others, halting BCH trading and withdrawals for an unspecified amount of time! As a result, BCHUSD slid more than 44% to last trade at $250 as of 8:20 GMT.***

You can find and trade all of the above mentioned equities and commodities on BDSwiss Forex/CFD platforms.

*Source: Reuters Nov 19, 2018 2:48 AM ET
**Source: CNBC Nov 19, 2018 15:53 ET
***Source: Coin Telegraph Nov 19, 2018 03:07 AM ET

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