Financial Markets
Top stories summarized by our editors
12/11/2017

One of the world's best-known bitcoin dealers has issued a warning to investors regarding digital currencies: "Please invest responsibly." Coinbase also said that at times, bitcoin volumes are so high that its platform might not be available to execute trades.

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Recode
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Coinbase
12/11/2017

In the early years of computers, programming was considered women's work, and America's first digital computer, ENIAC, was run by six female programmers. Over time, women were driven out of their computer programming positions, and the jobs were given to men, who now dominate the tech industry.

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information technology
12/11/2017

Semiconductor-maker NVIDIA suffered a sell-off in November that stalled an impressive rise throughout the year, and Todd Gordon, CMT, sees strong arguments for buying in this dip. The fallback took the stock close to resistance, and its chart shows this event historically precedes a surge of as much as 30%.

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CNBC
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Nvidia, CMT, Todd Gordon
12/11/2017

Technical analysts Monica Rizk and Ron Meisels single out Canadian insurer iA Financial Group for strong near-term gains. After years of consolidation, the stock surged, then paused in 2016, and it has broken above resistance with a rising 40-week moving average, which the analysts say makes further progress easily attainable.

12/11/2017

Bitcoin is "a gunslinger's market," technical analyst Jim Wyckoff writes, and participants are "playing with fire" because its chart shows increasing volatility at higher prices, signaling it is reaching the top. However, Wyckoff dismisses speculation that bitcoin will soon face an onslaught of short selling because volatility makes that tactic unacceptably risky.

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Kitco
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Jim Wyckoff, Bitcoin, Bitcoin
12/11/2017

Industry participants worry they will not be ready to implement the Securities and Exchange Commission's Rule 22e-4, which requires investment companies to assign assets to one of four liquidity buckets, by December 2018. "It comes down to data as the real pain point, in terms of figuring out the nitty-gritty details of what buckets what positions should be in," said Matt Grinnell of Fidessa.

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Traders online
12/11/2017

Daniel Michael has been selected chief of the Enforcement Division's Complex Financial Instruments Unit at the Securities and Exchange Commission. He has been an assistant director in the SEC's New York office since 2014.

12/11/2017

The EU and Japan have finalized a free trade deal, European Commission President Jean-Claude Juncker and Japanese Prime Minister Shinzo Abe say. The trade accord is the biggest the EU has ever negotiated.

12/11/2017

The Senate tax bill's first-in, first-out provision could increase taxes for many small investors. Forty-one House Republicans raised concerns about the provision with Senate leaders, saying in a letter that it would mean a "massive, fundamental change that inhibits investor autonomy."

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Senate
12/11/2017

Congress' proposed tax cuts will have little to no effect on US economic growth, say 80% of the 25 economists that make up SIFMA's Economic Advisory Roundtable. The respondents to SIFMA's economic outlook survey were less united on the number of interest-rate increases in 2018: 41% expect three, 38% expect two and 17% expect four. Read more about the SIFMA economic outlook.

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Congress