Facebook Reverses Ban on Cryptocurrency Ads, Maintains Ban on ICOs (news: 27/06/18)

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Alpari Market Review
Alpari Market Review
Today’s press

Facebook Reverses Ban on Cryptocurrency Ads, Maintains Ban on ICOs

Facebook has updated its policy to allow cryptocurrencies to once again be advertised, while upholding its ban on the promotion of initial coin offerings (ICOs), in an announcement published Tuesday, June 26.

Sterling falls as dollar rises, doubts return over interest rate rise

LONDON (Reuters) – The pound fell against the euro and the dollar on Wednesday as imminent Brexit talks and doubts the Bank of England will raise interest rates this year darkened the outlook for the currency.

Worsening trade row deepens chill felt by Chinese dealmakers seeking to do U.S. takeovers

HONG KONG (Reuters) – The rapidly deteriorating trade and investment relationship between Washington and Beijing is sending a further chill through Chinese dealmakers who have already seen the number of Chinese acquisitions of American assets take a big hit.

U.S. Pending Home Sales Fell 0.5% in May

Investing.com – Contracts to buy previously owned homes unexpectedly fell in May, according to data released on Wednesday by the National Association of Realtors (NAR).

UK house prices in June grow at slowest rate for five years

UK house prices have grown at the slowest rate in five years in June, with London remaining the weakest spot as strained household finances and economic uncertainty kept buyers away.

Next trading day’s important events

00:00 (GMT+3)  NZ – RBNZ Interest Rate Decision

15:00 (GMT+3)  DE – Harmonized Index of Consumer Prices (YoY) (Jun)

15:30 (GMT+3)  US – Gross Domestic Product Annualized (Q1)

Forex quotes:

USDJPY: 110.42

EURUSD: 1.1602

Indices:

S&P 500: 2745.73

NASDAQ: 7610.60

 

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