ESMA leverage caps coming into effect in 10 days on 1st August 2018.
Are You Ready for It?
** Remember, your account with BlackBull Markets is not affected. **
On Wednesday, EU officials ordered a record $5 billion antitrust fine on Google to stop using its popular Android mobile operating system to block its rivals. The penalty is far higher than any other dished out by the U.S., Chinese, or other antitrust authorities. Furthermore, the penalty is nearly double the previous penalty that Google was ordered to pay last year. However, the fines are still relatively minuscule as it only represents a little more than two weeks of revenue for its parent company, Alphabet Inc.
Immediately after the order of penalty, Google said it would challenge the ruling at the RU courts. An appeal wouldn’t change its need to comply with the EU order unless it gets judges to allow “interim measures” that halt the commission findings. Google even receives support from President Donald Trump. On Thursday, Trump twitted “I told you so! The European Union just slapped a Five Billion Dollar fine on one of our great companies, Google…”
During a CNBC interview on Thursday, President Donald Trump said he was “Not Thrilled” about the Federal Reserve’s decision to hike interest rates. Trump added that he was concerned that the Fed’s rate hikes have the potential to impact the U.S. economy and American competitiveness. This puts the U.S. at a “disadvantage” while the Bank of Japan and the European Central Bank keep their monetary policy loose.
After facing criticism over Trump’s failure to publicly confront Putin for Russia’s meddling in the 2016 U.S. election, Donald Trump still plans to invite Russian President Vladimir Putin to Washington this autumn. Shockingly, the Director of National Intelligence, Dan Coats, only learned about the invitation during an interview at the Aspen Security Forum.
On Thursday, Trump tweeted he wants to meet again with Putin to begin implementation of ideas they discussed in Helsinki. Discussions include stopping terrorism, security for Israel, nuclear proliferation, cyber-attacks, trade, Ukraine, Middle East peace, North Korea, and more.
This information is subject to change without notice. BlackBull Markets strives to provide the most accurate information available, but cannot guarantee that any of these events will occur nor that the outcome will be as stated. This information is to be used for educational purposes only and further research should be done before trading.
BlackBull Markets is the trade name of Black Bull Group Limited Ltd which is a registered Financial Service Provider in New Zealand with FSP No. 403326. Black Bull Group Limited registered New Zealand Company is listed on New Zealand Financial Service Provider Register (#FSP 403326) and is also a member of the Financial Dispute Resolution Service FSCL.
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial adviser if you have any questions or concerns as to how a loss would affect your lifestyle.