Machine-learning promises to shake up large swathes of finance
May 25, 2017--In fields from trading to credit assessment to fraud prevention, machine-learning is advancing
MACHINE-LEARNING is beginning to shake up finance.
A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon.
Source: economist.com
Central bank Governors welcome global code of conduct for currency markets
May 25, 2017--The Governors of the Global Economy Meeting welcome the publication of the FX Global Code, a single global code for the wholesale foreign exchange market, as well as the establishment of the Global Foreign Exchange Committee to maintain the Code in the future.
This represents the culmination of a two-year collaborative initiative between central banks and private sector market participants from across the globe. The Code is voluntary and covers important areas including ethics, governance, execution, information-sharing, risk management and compliance as well as confirmation and settlement.
Source: BIS
US shale is a significant threat to OPEC deal
May 25, 2017--The growing optimism over big oil-producing countries extending output cuts to mitigate oversupply woes propelled WTI Crude to a fresh monthly high at $51.76 on May 18.
Although OPEC and Non-OPEC members have, on repeated occasions, exploited oil's sensitivity to generate speculative boosts in prices, this may come at a heavy cost if oil markets fail to rebalance.
Source: AMEInfo.com
Infographic-Emerging Markets Are Not All Created Equal
May 25, 2017--For most investors, targeting foreign countries where there are high expectations for growth is a useful strategy.
After all, in the United States, Canada, and Europe, economies are mostly growing at about 2% or less per year. And while these developed markets are less risky to invest in, finding value can be tricky.
Source: visualcapitalist.com
Initial coin offerings risk damaging your financial health
May 25, 2017--As the total value of bitcoins soars to $91bn, the hype surrounding ICOs is going into overdrive.
Source: FT.com
DECPG Global Monthly-May 2017
May 25, 2017--Monthly Highlights
Global growth was temporarily held back in Q1 by a slowdown in U.S. consumption, which is expected to recover in Q2.
Growth continues to firm in other major advanced economies and is gradually recovering in commodity-exporting emerging market and developing economies (EMDEs).
Capital inflows to EMDEs remained strong in May, supported by continued investor risk appetite.
Oil prices have risen since mid-May on the prospect of an extension of the OPEC/non-OPEC production cuts, which was confirmed at an OPEC meeting on May 25.
Source: World Bank
A Quant Program Is the Reason You Just Bought That ETF
May 25, 2017--At the exact moment a mom-and-pop investor considers buying bank stocks, an advertisement pops up on their desktop promoting a financials-focused fund.
The scenario isn't science fiction, it is BlackRock Inc.'s latest business plan.
Source: Wall Street Journal
Infographic-Experts are Hilariously Bad at Forecasting Solar Installations
May 24, 2017--For the latest data on the world's energy markets, organizations such as the IEA (International Energy Agency) and the EIA (Energy Information Administration) are crucial sources.
Every year' investors and entire industries rely on their reporting on energy supply and demand' as well as their forecasts going forward.
However, these organizations tend to be better at some things than others. For example, in terms of summing up past and current data on what is going on in the world, they generally do a pretty good job. We referenced their numbers when we looked at the changing anatomy of U.S. oil imports, or when showing the decline in coal use over recent years.
Source: visualcapitalist.com
Fidelity allows workers to use bitcoin in company canteen
May 23, 2017--Asset manager's move on crypto currency is part of broader digital push
Source: FT.com
Blockchain consortium raises record $100m
May 23, 2017--Seven-month effort marked by tensions among banks assessing which projects to back
Source: FT.com