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Currencies

  • Blockchain Technology Seen As Very Useful In Banking World

    Blockchain Technology Seen As Very Useful In Banking World

    HEFFX styled Blockchain Technology Seen As Very Useful In Banking World $AXP, $BAC, $C, $GS, $JPM, $IBM, $INTC The technology that drives Bitcoin, the cryptocurrency, is drawing interest from the banking industry, which sees a potential to revolutionize the sector. Bitcoin and related virtual currencies are limited to a small set of transactions, but the ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD closed higher Monday. Stochastics and the RSI have turned Neutral to Bearish indicating that sideways to lower prices are possible near term. The high range close sets the stage for a steady to higher open Tuesday. Closes below the 20-Day MA crossing will confirm that a short ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD The EUR/USD did not extend its Bullish momentum last week. The bias is Neutral near term testing the resistance at 1.0900 – 1.0950. As long as the single currency stays above 1.0800, the Bullish outlook testing the trend line resistance should remain valid. But, technically see on ...
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  • Dark Markets: Anonymity in Bitcoin

    Dark Markets: Anonymity in Bitcoin

    Dark Markets: Anonymity in Bitcoin Bitcoin is a powerful and successful digital currency. Based on cryptography and a decentralized ledger, it has simultaneously been heralded as the future of finance and a gateway to the criminal underworld. Governments around the world are pushing an agenda which would see the banning of end-to-end encryption on one ...
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  • Is 2016 the End of Europe

    Is 2016 the End of Europe

    Is 2016 the End of Europe Jean-Claude Juncker, who describes his EU executive as the "last chance Commission", warned that the EU's open-border Schengen area of passport-free travel was in danger and the euro itself would be unlikely to survive if internal borders were shut. Juncker resorted to gallows humour after the last of 12 ...
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  • Japan an Economic Disaster

    Japan an Economic Disaster

    Japan is printing it's way to disaster. Managing an economy is not as easy as just printing money, Japan will be the first to realize this, but the USA and the EU will follow fast. Japan's central bank has announced an unexpected tweak to its vast stimulus program jolting financial markets and pushing the yen ...
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  • USDINR India Cuts Outlook

    USDINR India Cuts Outlook

    India lowered its forecast for economic growth for 2015-16 to 7-7.5 percent in a mid-year review Friday blaming a weak global economy that has hurt demand for exports. The government's earlier forecast said real GDP which strips out the effect of inflation would grow by 8.1-8.5 percent for the full financial year ending in March. ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD closed lower Thursday Stochastics and the RSI have turned Neutral to Bearish indicating that sideways to lower prices are possible near term. The low range close set the stage for a steady to lower open Friday. Closes below the 20-Day MA crossing will confirm that a short ...
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  • Bitcoin Trading Outlook CURRENCY:BTC

    Bitcoin Trading Outlook CURRENCY:BTC

    Bitcoin Trading Outlook CURRENCY:BTC NYSE BitcoinIndx closed unchanged at 455.647. Volume was 8,900% above average (trending) and Bollinger Bands were 108% wider than normal. Open High Low Close Volume___ 455.647 455.647 455.647 455.647 376 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Moving Averages: 10-period 50-period Close: 432.72 341.40 Volatility: 53 112 Volume: 38 8 ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD The EUR/USD was directionless Wednesday. Price attempted to drive North topping at 1.1011 but fell to 1.0865 early Thursday. The bias is Bearish near term testing Key support at 1.0800. 1st resistance is seen at 1.0925. A clear break above that mark could cause a test to ...
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  • EURUSD and The FED

    EURUSD and The FED

    Today at 19:00 GMT is the highly anticipated fed rate decision. Many traders are expecting the FED to finally raise interest rates. The announcement will be followed by the Monetary Statement and Press Conference at 19:30 GMT. FOREX EUR= closed unchanged at 1.093. Volume was 43% below average (neutral) and Bollinger Bands were 26% wider ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD The EUR/USD saw Bearish momentum Tuesday and bottomed at 1.0904. The bias is Neutral near term with Bearish bias testing to 1.0850, Key support is still at 1.0800. 1st resistance is at 1.0975. A clear break there could cause more Bullish to 1.1050 and keep the Bullish ...
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  • China Economy 2016

    China Economy 2016

    The Communist Party of China (CPC) on Monday unveiled its major economic tasks for 2016 the first year of the country's 13th Five-year Plan. To reduce housing inventories more migrant rural workers should be issued with urban-residency permits which will allow them to purchase housing in cities according to a statement released after a meeting ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD The EUR/USD was flat Monday with a Bullish bias. The bias is Bullish in near term testing 1.1100 area before challenging the trend line resistance as you can see on the H4 chart below. 1st support is at 1.0980. A clear break below that mark could push ...
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  • Australian Dollar Up On Crude Oil Bounce

    Australian Dollar Up On Crude Oil Bounce

    Australian Dollar Up On Crude Oil Bounce $AUDUSD he Australian Dollar (AUD) has posted a gainer following a bounce in Crude Oil and commodity prices overnight. At 0700 local time (AEDT) Tuesday, the Aussie was trading at 72.43 US cents, up from 72.00 US cents at Monday's Asian close. The Australian Dollar lifted overnight after ...
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  • 2016 Asset Allocation Views, U.S. Dollar Key

    2016 Asset Allocation Views, U.S. Dollar Key

    2016 Asset Allocation Views, U.S. Dollar Key J.P. Morgan Asset Management today released its 2016 Asset Allocation Views, which suggests the trajectory of the U.S. dollar will be the pivotal global asset allocation theme of next year, among other highlights. The research is derived from the firm's latest Multi-Asset Solutions Strategy Summit, where senior portfolio ...
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  • China's RMB Yuan At 4 Yr Lows Vs The USD

    China’s RMB Yuan At 4 Yr Lows Vs The USD

    China's RMB Yuan At 4 Yr Lows Vs The USD The central parity rate of the Chinese currency the Renminbi, or RMB Yuan, weakened for the 6th day running to its lowest mark Vs the USD since July 2011 Monday. The RMB Yuan weakened by 137 bpts to 6.4495 Monday, according to the China Foreign ...
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  • With The "Steam" Off Of Bitcoin What's Next?

    With The “Steam” Off Of Bitcoin What’s Next?

    With The "Steam" Off Of Bitcoin What's Next? $NDAQ, $AXP, $V, $C, $BAC Y 2015 was a busy year for Bitcoin, as venture capital investments topped $1-B for the 1st time. People are finding it easier to invest in the digital currency, thanks to the debut of firms such as Bitcoin Investment Trust. Big financial ...
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  • China Economic Update: Not Dead Yet

    China Economic Update: Not Dead Yet

    China's industrial production surprised Saturday with its best showing since June, the latest indication that government stimulus measures may be driving a mild recovery in the world's second largest economy. Output at factories, workshops and mines increased 6.2 percent last month from a year ago, the National Bureau of Statistics (NBS) said, the first increase ...
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  • China To Un-peg RMB Yuan From USD

    China To Un-peg RMB Yuan From USD

    China To Un-peg RMB Yuan From USD $.DXY, $USDCNY China's RMB Yuan continued to fall Friday after the government opened the door to further weakness, signaling it would begin measuring it against a multi-currency basket instead of the USD. Other major currency pairings were little changed though as markets prepared for next week's FOMC meeting, ...
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  • Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily)

    Forex Technical Outlook For: EUR/USD (Daily) Euro EUR/USD The EUR/USD pair came under pressure during the early hours of European trade Wednesday pushing  the price below the psych support mark 1.1000. The Bearish attack continued into London trade pushing this market into bids around a H4 swap (demand) area sitting at 1.0969-1.0944. Technically from the ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

      Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD The EUR/USD continued its Bullish momentum Wednesday marking 1.1042 as a part of the Bullish flag as you can see on the H1 chart below. The bias remains Bullish near term testing the resistance area at 1.1050 – 1.1100, which is a good place to sell ...
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  • Forex Market Commentary On EUR/USD (Daily)

    Forex Market Commentary On EUR/USD (Daily)

    Forex Market Commentary On EUR/USD (Daily) Euro EUR/USD EUR gained 0.45% Tuesday. The USD was supported after Friday's strong US employment data fueled more expectations that the US Fed will hike interest rates for the 1st time since Y 2006 at its upcoming meeting on 15-16 December. Market sentiment weakened after data Tuesday showing that ...
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  • Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily)

    Forex Technical Outlook For EUR/USD (Daily) Euro EUR/USD As can be seen from the H4 chart, the EUR continued to sell-off in the early hours of Monday's trade. This resulted in price driving into psych support 1.0800, and rebounding to connect with offers around mid-level resistance 1.0850 by the close on the day. In the ...
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  • Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily)

    Forex Technical Analysis For EUR/USD (Daily) Euro EUR/USD Current mark- 1.0864 The intra-day bias is negative, for a move towards 1.0790 support zone. Key on the Northside is 1.0950 and a violation of the will challenge 1.1100 area. Resistance Support intraday intraweek intraday intraweek 1.0950 1.1100 1.1100 1.1310 1.0790 1.0640 1.0640 1.0513 Technical analysis is ...
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  • The Eurozone Vs The USA, Or ECB Vs Fed

    The Eurozone Vs The USA, Or ECB Vs Fed

    The Eurozone Vs The USA, Or ECB Vs Fed $EURUSD, $.DXY Last Thursday, the European Central Bank (ECB) announced that it would cut its deposit rate by 10 basis ppts to -0.3%, expand its EUR 1.1-T QE (asset purchase) program to include the debt of regional and local governments, and extend the program’s expiration date ...
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  • Euro's Rise After ECB Rate Decision Dampens Inflation Outlook

    Euro’s Rise After ECB Rate Decision Dampens Inflation Outlook

    Euro's Rise After ECB Rate Decision Dampens Inflation Outlook $EURUSD, $DB, $BCS, $HSBC DB recommends closing short-Euro positions, Mario Draghi could do enough to meet the expectations of the currency market. The ECB president failed to live up to that reputation with the extra monetary stimulus he unveiled Thursday. He paid the price with the Euro surging ...
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  • Goldman Sachs Group Inc (NYSE:GS) Will Print Their Own Money

    Goldman Sachs Group Inc (NYSE:GS) Will Print Their Own Money

    Goldman Sachs Group Inc (NYSE:GS) Will Print Their Own Money Goldman Sachs is developing a virtual currency system that aims to revolutionize securities transactions, according to a US patent application filed by the Wall Street investment bank. The technology, named SETLcoin, would transform the securities "clearing" system, where an intermediary reconciles and alters terms between ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD EUR/USD rallied 2.21% Thursday, after falling to a 7 month low early. ECB President Mario Draghi said the bank will expand its bondbuying purchase scheme beyond the current cutoff point of September 2016 until the end of March 2017, or beyond as necessary. The ECB extended the ...
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  • EURUSD Headed to Parity

    EURUSD Headed to Parity

    EURUSD Headed to Parity The Euro will soon be worth $1 USD. The ECB continues to mismanage the EU. The European Central Bank stepped up efforts Thursday to kickstart chronically low inflation in the euro area, cutting a key interest rate and extending its controversial asset purchase programme, but financial markets reacted with disappointment. At ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD EUR/USD dropped 0.64% Wednesday, re-approaching Monday's 7 month trough. Eurostat said Wednesday that the Eurozone's consumer price inflation increased by 0.1% last month, missing expectations for a gain of 0.2% and following a 0.1% increase in October. The rate has now been below 1% for 26 months ...
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  • Bitcoin CURRENCY:BTC Trading Outlook

    Bitcoin CURRENCY:BTC Trading Outlook

    Bitcoin CURRENCY:BTC Trading Outlook NYSE BitcoinIndx closed down -9.120 at 364.620. Volume was -0% below average (neutral) and Bollinger Bands were 102% wider than normal. Open High Low Close Volume___ 364.620 364.620 364.620 364.620 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 338.17 292.98 Short-term traders should pay ...
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  • USDCHF The Future of the Franc

    USDCHF The Future of the Franc

    The Swiss economy should wean itself off cheap mortgages and improve labour productivity to stay “best in class” according to the Organisation for Economic Co-operation and Development (OECD). The latest OECD economic profile of Switzerland also warned that a recent referendum to stem the flow of foreign workers crossing Swiss borders and a dearth of ...
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  • EURUSD Will Sink Further

    EURUSD Will Sink Further

    Eurozone inflation came in lower than expected in November, official data showed on Wednesday, giving further encouragement to the European Central Bank to pump up its stimulus to boost the economy. ECB president Mario Draghi is widely expected to ramp up the central bank's contested bond-buying programme on Thursday given low inflation levels across the ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD The EUR/USD saw Bullish momentum Tuesday topped at 1.0637. The bias is Bullish near term testing 1.0650 and again, the trend line resistance which is a good place to sell targeting 1.0500 with a tight stop loss above the trend line resistance as you can ...
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  • China RMB on the Move

    China RMB on the Move

    The International Monetary Fund welcomed China's yuan into its elite reserve currency basket, recognizing the ascendance of the Asian power in the global economy. The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the basket of currencies the IMF uses as an international ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD The EUR/USD did not see any significant movement Monday. The bias is Neutral in near term testing at 1.0650, the trend line resistance which is a good place to sell with a tight stop loss above the resistance targeting 1.0500. 1st support is seen at ...
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  • IMF Approves China's RMB Yuan's Inclusion In SDR Basket

    IMF Approves China’s RMB Yuan’s Inclusion In SDR Basket

    IMF Approves China's RMB Yuan's Inclusion In SDR Basket The International Monetary Fund (IMF)'s executive board Monday approved the inclusion of China's RMB Yuan in its Special Drawing Rights (SDR) basket as an international reserve currency. The IMF board, which represented the fund's 188 member countries, decided that the RMB Yuan  "met all existing criteria," ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD The EUR/USD was indecisive last week with a Bearish bias The single currency is moving below the trend line resistance and the H1 200-Day EMA 200 as you can on the H1 chart below. The bias is Neutral near term. 1st support is seen at ...
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  • EUR/USD Ended The Week In Quiet Trade

    EUR/USD Ended The Week In Quiet Trade

    EUR/USD Ended The Week In Quiet Trade Euro EUR/USD traded in a tight range Thursday owing to lack of major fundamental and technical drivers on the day. 1st support, the weekly S1 at 1.0586, is not considered as a very strong. But, it contained losses Friday on quiet end the week. The total trading volume ...
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  • RMB and China's Growing FX Market

    RMB and China’s Growing FX Market

    An initial group of overseas central banks and other institutions has been allowed to enter China's interbank foreign exchange market, Beijing's central bank said Wednesday. Seven institutions have completed registration with the China Foreign Exchange Trading System, a move which signals their official access to the market, the People's Bank of China said on its ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD Euro was up Tuesday. US consumer confidence fell to a 12 month low in November, dampening optimism over the health of the US economy, industry data showed Tuesday. In a report, the Conference Board, a market research group, said its index of consumer confidence sank to 90.4 ...
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  • The Housing Market Is Key To A Thriving Economy

    The Housing Market Is Key To A Thriving Economy

    The Housing Market Is Key To A Thriving Economy $EURUSD, $DXY The housing market is an important tool to more accurately appraise the real economic situation in the US, even if officially Fed members’ attention is said to remain focused on inflation and jobs data. Hawkish Fed members claim that employment conditions would fuel inflation, ...
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  • German Economic Update

    German Economic Update

    The German economy posted firm growth for the third quarter, boosted by consumer spending which is fast becoming a cornerstone for German economic expansion, data published Tuesday showed. A rise in government spending for a record influx of asylum seekers was also a major factor for growth. Gross domestic product expanded 0.3 percent for the ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD The EUR/USD was indecisive Monday, formed a Doji on the daily. A Doji that appears after a downtrend could signal a Bullish reversal especially if followed by a Bullish candlestick, called a Bullish Doji. Still prefer a Bearish scenario in here. Need a clear break below 1.0592 ...
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  • USDPHP Philippines Economic Outlook

    USDPHP Philippines Economic Outlook

    The Philippine economy likely expanded by 5.8 percent in the third quarter as robust domestic consumption made up for weak external trade, American banking giant Citigroup said. Citi’s third-quarter gross domestic product (GDP) forecast for the Philippines was slower than the 6.3-percent consensus growth outlook but better than the 5.6-percent year-on-year expansion in the second ...
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  • Bitcoin CURRENCY:BTC Trading Outlook

    Bitcoin CURRENCY:BTC Trading Outlook

    NYSE BitcoinIndx closed up 2.030 at 324.732. Volume was -0% below average (neutral) and Bollinger Bands were 136% wider than normal. Open High Low Close Volume___ 324.732 324.732 324.732 324.732 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Moving Averages: 10-period 50-period 200-period Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term ...
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  • Yellen is Wrong on Zero Rates

    Yellen is Wrong on Zero Rates

    Americans have benefited from the Federal Reserve's near-zero interest rate policy, despite its negative impact on savers, Chair Janet Yellen said in a letter Monday to consumer advocate Ralph Nader. In response to a letter from Nader decrying the plight of savers who are suffering from years of exceptionally low interest rates, Yellen noted that ...
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  • Putin Leads Russia Out of Recession

    Putin Leads Russia Out of Recession

    Russia's economy minister on Monday said the country has edged out of recession but the crisis-hit economy remains mired deep in trouble. "According to formal indicators the recession in the Russian economy has finished," minister Alexei Ulyukaev was quoted as saying by RIA Novosti news agency. A recession is usually defined as at least two ...
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  • Looking for a Hard Landing, Try Europe Not China

    Looking for a Hard Landing, Try Europe Not China

    Eurozone finance ministers approved a two billion euro (2.1 billion) payment to Greece on Monday, declaring that Athens had successfully met the strict reform commitments demanded in the country's bailout. The payment confirms that relations between leftist led Greece and its European creditors have significantly appeased after a six month battle earlier this year nearly ...
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  • Full Existing Home Sales Report

    Full Existing Home Sales Report

    With mortgage rates remaining below 4 percent for the third straight month, existing-home sales in October were at a healthy pace but failed to keep up with September's jump, according to the National Association of Realtors®. All four major regions saw no gains in sales in October. Total existing-home sales1, which are completed transactions that ...
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  • The China Debt Crunch

    The China Debt Crunch

    Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising the risk of defaults and adding pressure on policy makers to keep financing costs low. The amount of loans, bonds and shadow finance arranged to cover interest payments will probably rise 5% this year to a record 7.6tn ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD Euro fell sharply Vs the USD Friday after European Central Bank President Mario Draghi gave the clearest signal yet that the bank may unveil fresh stimulus measures at its December meeting. Euro was down 0.82% in late trade. EUR/USD ended the week down 0.5%. The ...
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  • Australia in a Post Resources Boom World

    Australia in a Post Resources Boom World

    Australia in a Post Resources Boom World $AUDUSD Australia rode a China-fuelled resources boom to a record 25 years of growth. The next quarter century won't be as easy now that its biggest customer is driven by consumption and services rather than construction and manufacturing. "We can't put a reserved sign at the table" to ...
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  • Inclusion Of RMB Yuan In IMF's SDR Signals China's Rising Status

    Inclusion Of RMB Yuan In IMF’s SDR Signals China’s Rising Status

    Inclusion Of RMB Yuan In IMF's SDR Signals China's Rising Status The International Monetary Fund's decision to recommend that the Chinese currency the Renminbi (RMB Yuan) become one of an exclusive set of currencies that are part of the Special Drawing Rights (SDR) basket is more than symbolic. The IMF's managing director Christine Lagarde backed ...
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  • US Real Estate Report: New Construction

    US Real Estate Report: New Construction

    New construction starts in October advanced 13% to a seasonally adjusted annual rate of $591.1 billion, according to Dodge Data & Analytics.  The increase follows the lackluster performance for construction starts during August and September, when activity fell to the lowest levels reported so far in 2015.  Much of October's gain for total construction was ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD The EUR/USD finished higher Thursday topping at 1.0763. The bias is Bullish near term. As you can see on the H1 chart below price is in the Sell Zone, an area with at least 3 resistances, as follows: The lower line of the Bullish channel, The ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR/USD The EUR/USD was directionless Wednesday. The bias is Neutral near term If the single currency test to 1.0750, it looks like a good area to sell with a tight stop loss targeting to 1.0500. 1st support is seen at 1.0630. A clear break there with ...
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  • BitShares SmartCoins Price-Stable Cryptocurrencies

    BitShares SmartCoins Price-Stable Cryptocurrencies

    Price-Stable Cryptocurrencies SmartCoins provide the freedom of cryptocurrency with the stability of the dollar A SmartCoin is a cryptocurrency whose value is pegged to that of another asset, such as the US Dollar or gold. SmartCoins always have 100% or more of their value backed by the BitShares core currency, BTS, to which they can ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro EUR finished -0.32% to 6 month low Tuesday. Markets shrugged off a report by the ZEW Centre for Economic Research showing that its index of German economic sentiment rose by 8.5 pts to 10.4 this month from October’s reading of 1.9, which was a 12 month ...
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  • Another Greek Bailout

    Another Greek Bailout

    Greece announced Tuesday it has struck a deal with its international creditors to unblock some 12 billion euros in much-needed bailout loans. "We have reached agreement on everything, including the 48 additional measures" that should allow the 12 billion euros (12.8 billion) to be paid out on Friday, Finance Minister Euclid Tsakalotos told reporters after ...
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  • Bitcoin Trading Update

    Bitcoin Trading Update

    NYSE BitcoinIndx closed up 12.757 at 334.837. Volume was -0% below average (neutral) and Bollinger Bands were 204% wider than normal. Open High Low Close Volume___ 334.837 334.837 334.837 334.837 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Moving Averages: 10-period 50-period Close: 362.92 276.29 Volatility: 231 108 Volume: 0 0 Short-term traders should ...
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  • APEC Economic Outlook

    APEC Economic Outlook

    THE ASIA-PACIFIC region will continue to outpace the rest of the world in terms of growth as countries embrace free trade and closer integration. Cementing progress in the long term, however, will require governments to take more drastic steps to encourage globalization. In particular, members of the recently approved Trans-Pacific Partnership (TPP) led by the ...
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  • The Fed Vs Congress

    The Fed Vs Congress

    Janet Yellen warned Tuesday that a proposed law in Congress to more closely oversee the Federal Reserve would politicize monetary policy and do deep harm to the US economy. The "Fed Oversight Reform and Modernization Act" would tie the hands of Fed policy-makers to a formulaic rule that, if in place during the last six ...
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  • CPI Pressures Rate Rise

    CPI Pressures Rate Rise

    US consumer prices gained in October with key elements like health care and housing costs pushing higher in a potential sign of inflation picking up, government data showed Tuesday. The consumer price index rose 0.2 percent month on month, after falling for two straight months. The CPI was up by the same amount year-on-year, with ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) $EURUSD, $.DXY Euro The EUR/USD saw Bearish momentum Monday and hit 1.0660 early Tuesday. As you can see on the H1 chart below, the single currency price slipped below the Bullish channel and is struggling at 1.0670 support. The bias is Bearish near term especially if price able to ...
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  • China's RMB Yuan Approaches Reserve Currency Status

    China’s RMB Yuan Approaches Reserve Currency Status

    China's RMB Yuan Approaches Reserve Currency Status China’s RMB Yuan is approaching reserve currency status and the freeing up of interest rates mark the culmination of Zhou Xiaochuan’s, 65 anni, long march from toiling on state farms through bitter Winters during the Cultural Revolution to steering the nation’s financial-reform push across 3 administrations. Zhou is ...
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  • AUDUSD Australian Dollar Headed Lower

    AUDUSD Australian Dollar Headed Lower

    AUDUSD Australian Dollar Headed Lower FOREX AUD= closed down -0.004 at 0.709. Volume was 40% below average (neutral) and Bollinger Bands were 27% narrower than normal. Open High Low Close Volume___ 0.713 0.713 0.707 0.709 44,512 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 0.71 0.71 ...
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  • China's Power Grows: Now a World Reserve Currency

    China’s Power Grows: Now a World Reserve Currency

    China has welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system. Now the world's second-largest economy, China asked last year for the yuan to be added to the elite basket of SDR currencies, but until recently it was considered too ...
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  • Japan in Recession, Low Rates and Printed Money

    Japan in Recession, Low Rates and Printed Money

    Japan in Recession, Low Rates and Printed Money Japan's economy slipped into recession for the second time since Prime Minister Shinzo Abe came to power nearly three years ago, data showed Monday, dealing a fresh blow to his drive to kickstart weak growth and end years of deflation. Abe has staked his reputation on a ...
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  • Paris Impact on Markets

    Paris Impact on Markets

    Friday’s terrorist attacks in Paris have affected the markets, with some investors moving to buy haven assets such as gold. The price of gold has risen 0.8% to $1,092.62 an ounce. Most observers consider that the move away from equities into ‘safe’ assets is a reflex reaction to events and will not be sustained. The ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro $EURUSD, $.DXY The Euro closed lower Friday. Stochastics and the RSI are oversold but remain Neutral to Bearish indicating that sideways to lower prices are possible near term. The mid-range close sets the stage for a steady to lower open Monday. If the single currency renews the decline ...
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  • China's RMB Yuan Meets Requirements Of A "Freely Usable" Currency

    China’s RMB Yuan Meets Requirements Of A “Freely Usable” Currency

    China's RMB Yuan Meets Requirements Of A "Freely Usable" Currency Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said Friday that the IMF staff has proposed the Executive Board to include the Chinese currency, the RMB Yuan, into its special drawing right (SDR) currency basket as a 5th currency and she supports it. ...
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  • The Fed wants a Lower Dollar

    The Fed wants a Lower Dollar

    The Fed wants a Lower Dollar $EURUSD $GBPUSD $USDCNY $AUDUSD $USDJPY The No 2 official at the Federal Reserve said the strong dollar and global economic weakness have been a drag on growth, but the US economy has been weathering the shocks reasonably well. Fed Vice Chairman Stanley Fischer said that the decision by the ...
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  • European Economic Update

    European Economic Update

    European Economic Update $SPY $EURUSD Official figures show that economy of the 19-country eurozone lost momentum during the third quarter despite a number of tail-winds. Eurostat, the EU's statistics agency, says quarter-on-quarter growth moderated to 0.3 percent from 0.4 percent in the previous three-month period. The slowdown came as growth in Germany, Europe's biggest economy, ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro $EURUSD, $.DXY The EUR/USD corrected North Thursday topping at 1.0829. The bias is Bullish near term. As you can see on the H1 chart below, price is moving inside a Bullish channel indicating Bullish correction phase targeting the resistance at 1.0900. Nevertheless, the call is Bearish the single currency, ...
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  • Asian Markets Rattled, Copper Hits a Low

    Asian Markets Rattled, Copper Hits a Low

    Copper CMCU3, often seen as a good gauge of the world's economic health because of its extensive industrial use, recovered some ground to hold steady at 4,825 after earlier falling to a six-year low of $4,800 per tonne, below its August trough. It was set for a 3.3 percent loss for the week, its fourth ...
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  • Europe will Overdose on Stimulus

    Europe will Overdose on Stimulus

    Europe will Overdose on Stimulus Europe is broken, pumping more money in to the economy is beating a dead horse. EUR will collapse, possibly the real plan of the EU is a massive devaluation. If Dragi is talking stimulus, the Fed may not be quick to lower rates. EURUSD Outlook Negative European Central Bank head ...
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  • Will the Fed Raise Rates? Maybe Not

    Will the Fed Raise Rates? Maybe Not

    Will the Fed Raise Rates? Maybe Not "The outlook for inflation remains too low," Chicago Fed President Charles Evans said in remarks prepared for delivery to a Manufactured Housing Institute forum in Chicago. "A gradual path of normalization would balance both the various risks to my projections for the economy's most likely path and the ...
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  • US Real Estate Report: Home Sales

    US Real Estate Report: Home Sales

    The encouraging lift-off in existing-home sales amidst ongoing inventory shortages kept home prices rising in most of the country during the third quarter, but overall price appreciation slowed to a healthier pace, according to the latest quarterly report by the National Association of Realtors®. The median existing single-family home price increased in 87 percent of ...
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  • Why Bitcoin Is Changing the Casino Industry

    Why Bitcoin Is Changing the Casino Industry

    Gambling is big business and according to a projection from the world's largest statistical source Statista, it's going to reach a net worth of $41.4bn in 2015. As of late, we can see that the online aspect of gambling is rapidly taking market shares from the brick and mortar kind. In essence, it makes perfect ...
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  • Greece the Never Ending Crisis

    Greece the Never Ending Crisis

    $EURUSD Clashes briefly broke out today between riot police and youths in central Athens during the first general strike since the country's left-led government initially came to power in January. Youths broke away from a protest march by thousands as it passed outside parliament and threw Molotov cocktails at police who responded with tear gas ...
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  • Onecoin Growing Fast

    Onecoin Growing Fast

    One is headquartered in Europe with worldwide operations. We focus on core markets such as South East Asian countries, Europe, India and Africa. The company is committed to growth and is opening new regional offices worldwide. The fast expansion is due to the growth of its traders and we have set the goal of creating ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro $EURUSD The EUR/USD The EUR/USD was flat Wednesday. The bias is Neutral near term. 1st resistance is seen at 1.0780. A clear break above that mark drive price to test at the 1.0850 – 1.0900 area. Overall, prefer the Bearish scenario in here, and any Northside move should ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro $EURUSD The EUR/USD attempted to push lower Tuesday, it broke below the Bearish flag (see H1 chart below), and bottomed at 1.0670, closing higher at 1.0722 and hit 1.0748 early Wednesday. The bias is Bearish near term testing at 1.0650. 1st resistance is seen at 1.0765. A clear ...
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  • Bitcoin Exchange, itBit Successful Bidder At US Marshals Auction

    Bitcoin Exchange, itBit Successful Bidder At US Marshals Auction

    Bitcoin Exchange, itBit Successful Bidder At US Marshals Auction New York-based Bitcoin exchange itBit said Monday it won 5 blocks of the digital currency at last week's auction conducted by the US Marshals Service. The bid by itBit was organized on behalf of a syndicate of the exchange's and OTC (over-the-counter) trading clients, said Bobby ...
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  • Bitcoin Trading Outlook

    Bitcoin Trading Outlook

    Bitcoin Trading Outlook NYSE BitcoinIndx closed down -27.364 at 357.330. Volume was -0% below average (neutral) and Bollinger Bands were 315% wider than normal. Open High Low Close Volume___ 357.330 357.330 357.330 357.330 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Interested in Crypto Currencies, contact us Short-term traders should pay closer attention to ...
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  • EURUSD France Expects Tough 2016

    EURUSD France Expects Tough 2016

    France's economy minister said on Tuesday that his country's economy is "lacklustre" and will probably remain so in 2016. The French economy is still on track to grow by between 1 and 1.2 percent in 2015, Emmanuel Macon told Europe 1 radio. "It is true that our economy remains extremely lacklustre. And that will probably ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD The EUR/USD was directionless Monday. The bias is now Neutral near term. As you can see on the H1 chart below there is a Bearish Flag formation suggesting a potential Bearish continuation scenario if price able to make a clear break below the Flag and 1.0725 support ...
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  • China's RMB Yuan Gains Momentum To Become Global Currency

    China’s RMB Yuan Gains Momentum To Become Global Currency

    China's RMB Yuan Gains Momentum To Become Global Currency China's currency, the RMB Yuan, "is increasingly competing" against the USD, and the Euro as it moves closer to gaining a global currency status. In a Key step, the International Monetary Fund (IMF) is meeting this month to "study the possibility of incorporating the Yuan" into ...
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  • Will Spain Split in 2

    Will Spain Split in 2

    The regional parliament of northeastern Catalonia approved a plan today to set up road map for independence from Spain by 2017, in defiance of the central government. The Barcelona-based chamber passed the motion by 72 votes to 63. The proposal was tabled by pro-secession lawmakers from the “Together for Yes'' alliance and the extreme left-wing ...
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  • EU Faces Break Up from UK

    EU Faces Break Up from UK

    The European Union will have to become more flexible if it wants Britain to stay in the 28-nation bloc, Prime Minister David Cameron said as he insisted he is “deadly serious'' about leaving if he doesn't get his way. Cameron told employers' organization the Confederation of British Industry that he wants a looser, “more competitive'' ...
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  • Global Economic Stagnation a Risk

    Global Economic Stagnation a Risk

    What is Stagnation A prolonged period of little or no growth in the economy. Economic growth of less than 2 to 3% annually is considered stagnation. Periods of stagnation are also marked by high unemployment and involuntary part-time employment. Stagnation can also occur on a smaller scale in specific industries or companies or with wages. ...
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  • Greece Faces Decades of EU Trouble

    Greece Faces Decades of EU Trouble

    Eurozone finance ministers told Greece on Monday to deliver overdue reforms in order to unlock two billion euros from its bailout as tensions resurfaced just months after Athens narrowly avoided a euro exit. German Finance Minister Wolfgang Schaeuble said Athens had failed to meet "a great number" of commitments agreed to in July as part ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD The EUR/USD continued its Bearish action last week bottomed at 1.0704 after a strong US NFPs number. From technical perspective, the Bearish movement was a part of the Bearish scenario after the single currency broke below the Bullish channel on the daily (see below). The bias is ...
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  • China Economic Data: Imports Take a Beating

    China Economic Data: Imports Take a Beating

    China recorded its highest trade surplus on record last month, official data showed Sunday, as plunging imports highlighted the country's continued struggle to boost domestic demand and prop up sagging growth. The disappointing figures show how Beijing is struggling to keep the world's second-largest economy on the rails and add to mounting evidence China could ...
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  • The Differences Between Electronic Money And Bitcoin

    The Differences Between Electronic Money And Bitcoin

    The Differences Between Electronic Money And Bitcoin Electronic Money (e-Money) and Bitcoin are 2 systems for making payments that are digital in nature. Both are catalysts in the mobile payments revolution, that is where their similarities end. These 2 systems are extremely different. e-Money is an electronic component of fiat (paper) currency systems, and trades in ...
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  • The People, The Power, The Money And Bitcoin

    The People, The Power, The Money And Bitcoin

    The People, The Power, The Money And Bitcoin Early on money was created by The People. Early man was agrarian and used the food they grew, and things they made as mediums of exchange, aka money. These transactions were between individuals, and it was up to the individual to determine what was fair barter. Over time ...
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  • Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily)

    Forex Technical Analysis For: EUR/USD (Daily) Euro EUR/USD Euro closed lower Thursday, as official data showed that German factory orders dropped 1.7% in September, confounding expectations for an increase of 1.0%, after a 1.8% decline the prior month. Participants have turned their attention to Friday's US NFPs report for indications on the strength of the ...
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  • Bitcoin Is Back For All Of The Right Reasons

    Bitcoin Is Back For All Of The Right Reasons

    Bitcoin Is Back For All Of The Right Reasons $GS, $MS Bitcoin is back in the news, and this time it seems to be for all the right reasons. After a blockbuster Y 2013, the digital currency declined during Y 2014 on negative headlines, such as the February 2014 bankruptcy filing of Mt. Gox, a ...
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