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Trade Finance News and Trends

Trade finance modernization turns towards blockchain A study of European treasurers by working capital fintech C2FO finds that 75% are focusing on investing in trade finance technology in 2017. Colin Sharp, senior vice-president, EMEA at C2FO, says the shifting macroeconomic environment is pressuring corporates to refocus their efforts on trade finance: “Treasurers are facing a lot of uncertainty, both from the US and around Brexit. This is putting stress on the supply chain, with demand increasing and decreasing. Treasures want the ability to use their assets to make returns and give some certainty. Source: https://www.euromoney.com/article/b12khnzp4pq9p5/trade-finance-modernization-turns-towards-blockchain --------------------------------------------- ICC Academy unveils new e-course on digital trade finance and fintechs The educational arm of the International Chamber of Commerce (ICC), the ICC Academy, has launched an advanced-level e-course entitled “Digital Trade Financ

Currency Technical Analysis

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EURO Euro – c=a points to 1.105 and 38.2% retracement is at 1.102, the trend should still be lower. USDJPY USDJPY should continue higher in wave c up to 115. Support is near 110.60 USDGBP USDGBP – took support on the averages and has mostly started wave 5 up. Support is near 0.783 amd 0.777 and we should be heading to test 0.808 swing high next and eventually the wave 3 high at 0.846. USDCNY USDCNY – corrected in 3 waves in what might be a 4th wave correction in a channel. Wave 5 up could start from 6.78. I cannot rule out a dip to 6.76, while non needed, and it would be a 38.2% retracement of wave 3. 5=1 pionts to 7.04 in wave 5 up. 6.892 resistance from the falling channel where we would have to breakout for higher levels. -------------------------------------------------------------------- Adam Smith Associates Pvt. Ltd. offers trade & commodity finance related services & solutions to its domestic and international clients.   Views ex

Canada And Nasdaq Technical Analysis

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CANADA The most direct effect of falling Oil is on countries like Russian Australia and yes Canada. So Canada has been making a series of lower tops since FEB that may have gone unnoticed but now it is close to breaking the neckline at 15130 below which a steep drop to 14500 could be on the cards.     NASDAQ US indices are diverging with max weakness in the Nasdaq. The chart attached shows that may remain the case near term and the Nasdaq may continue to form wave 2 up for a while. Wave 3 can be presumed only after the lows break. Till then the Dow is holding out.   Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic and international clients.   Views expressed in this article are purely of the author – Mr Rohit Srivastava – a leading technical analyst.   Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd      

Asia On The Line – A Technical Analysis

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For a while many Asin markets are testing multi year trendlines so here is a quick look Thailand 2013-2015 trendline resistance Read More....

Commodity Technical Analysis

Gold is sitting on its 20dma at 1263, but it has witnessed a trendline break. So I want to highlight that there were two trendline breaks in the last year and both saw steep corrections in Gold prices. So maybe I need to be open to the idea that this break too can be one. Below 1263 we would go back to test the trendline of all the lows at 1226 once more. We are in FED week and the dollar index has very low sentiment so we should be prepared for a snap back rally in the dollar and a correction in gold if it happens. This will not change the long term picture but delays the immediate rally to higher levels. In fact if we do fall that far I would be open even to my April view that we can test the trendline of the bottoms formed since 2015 at 1164 one last time. A close below 1263 would be a starting point.... READ MORE

Adam Smith Associates At UK Trade

Its a proud moment and a great pleasure for Adam Smith Associates Pvt Ltd for being invited as a speaker at UK Trade & Export Finance Conference scheduled on June 15 2017. Mr Rudra Kundu, Managing Director – Adam Smith Associates will be speaking on “Maintaining competitive edge in London’s role as a financial centre” and “New entrants: Attracting institutional investors into the supply chain”. Read More...

Trade and Commodity Finance News Update Around the World

The ICC Banking Commission has launched a working group to coordinate all work relating to the digitalisation of trade finance. The group aims to help the trade finance industry accelerate its progress towards greater digitalization.... Read Full