If You Do Not Know What Bitcoin is, Read This Please

If You Do Not Know What Bitcoin is, Read This Please

If You Do Not Know What Bitcoin is, Read This Please $BTCUSD, $ETHUSD, $CME, $CBOE, $V, $MA If you are 1 of those people who do not know what Bitcoin and other cryptocurrencies are read this, as there is a keen international interest in this nascent digital asset. Interest in digital currency has expanded over […]

SKorean ‘Hack’ Hammers Bitcoin for 3rd Day Running

SKorean ‘Hack’ Hammers Bitcoin for 3rd Day Running

SKorean ‘Hack’ Hammers Bitcoin for 3rd Day Running $BTCUSD Bitcoin extended losses for a 3rd day running, falling 12% Sunday as SKorean cryptocurrency exchange Coinrail said there was a “cyber intrusion” aka hack in its system. The world’s largest cryptocurrency declined to 6,749 as of 2:00p EDT in New York, the biggest drop since 14 […]

Socialist EU Cracked, Crumbling from Inside

Socialist EU Cracked, Crumbling from Inside

Socialist EU Cracked, Crumbling from Inside Europe has relied on the US for protection and economic support, and now The Trump Administration has sanctioned the single currency bloc for refusing to level playing field on trade and unfair trade practices Friday, US President Donald Trump imposed tariffs on European steel and aluminum, dismissing Europe’s pleas, […]

Dubai Getting Ahead of “the Cryptocurrency Game”

Dubai Getting Ahead of “the Cryptocurrency Game”

Dubai Getting Ahead of “the Cryptocurrency Game” $BTC, $ETH, $CME, $CBOT The Big Qs are: How seriously should we take the rise of cryptocurrency? Is it a serious rival to traditional currency? Should businesses consider using cryptocurrency? What do they need to do to implement it? Is enough being done to educate individuals and businesses […]

Jack Dorsey on Bitcoin: “It is the Currency of the Future”

Jack Dorsey on Bitcoin: “It is the Currency of the Future”

Jack Dorsey on Bitcoin: “It is the Currency of the Future” $BTCUSD, $TWTR, $SQ Jack Dorsey, speaking to a crowd of cryptocurrency enthusiasts, declared that he is in sync with their view that digital currencies are the way of the future. “The Internet deserves a native currency; it will have a native currency,” Mr. Dorsey, […]

Pre-Civil War Fiat Money was Issued Regionally by Private Banks

Pre-Civil War Fiat Money was Issued Regionally by Private Banks

Pre-Civil War Fiat Money was Issued Regionally by Private Banks $BTCUSD In the pre-Civil War era, 90% of US money was regionally issued banknotes from private banks. These currencies traded at different rates at different times and places. There were discount books in each town to keep track of how much each currency should be […]

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform

As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]

Iran’s Currency Network Sanctioned

Iran’s Currency Network Sanctioned

Iran’s Currency Network Sanctioned US Sanctions Iran Currency Network After Nuclear Deal Withdrawal Thursday, the US Treasury imposed sanctions against 6 individuals and 3 companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days after President Donald Trump withdrew from the Y 2015 Iran nuclear deal. The […]

The Year of the Security Token

The Year of the Security Token

The Year of the Security Token $BTCUSD Blockchain is 1 of the fastest growing ideas in recent history, and its revolutionary decentralized model is being appropriated by industries far and wide. Its popularity began with Bitcoin, the cryptocurrency, which is now almost 10 years old. Bitcoin was the seminal cryptocurrency back when it was just […]

Bitcoin: The Why, The Why Nots!

Bitcoin: The Why, The Why Nots!

Bitcoin: The Why, The Why Nots! $BTCUSD, $CBOE, $CME Bitcoin has been in the news for the past year, and a clear understanding about how the cryptocurrency actually works and its volatility has kept many professional investors and traders from considering it worthy. There surely is plenty of money to be made, but investors must […]

Some say, “Ethereum (ETH) could hit $2,500 by year end”

Some say, “Ethereum (ETH) could hit $2,500 by year end”

Some say, “Ethereum (ETH) could hit $2,500 by year end” $ETHUSD The Big Q: Is Ether setup for a rally this year? Independent consultancy firm, deVere Group, said the price of the 2nd largest digital currency, Ether could be in for a record-setting year, predicting the price could rise 4X yet this year. “The price of […]

Bitcoin Rallied Thursday, Expect More Attempts at $10,000 Soon

Bitcoin Rallied Thursday, Expect More Attempts at $10,000 Soon

Bitcoin Rallied Thursday, Expect More Attempts at $10,000 Soon $BTCUSD Bitcoin prices moved a bit lower Thursday testing support near $9,000, and bounced trading as the # 1 concurrency sets up another attempt at $10,000 the Key resistance. Wednesday price rallied to $9,745. Currently, Bitcoin is trading at: $9,244.085, +427.37, or +4.85%, as of 2:12a BST, the […]

Billionaire Founder/CEO of Twitter and Square, “Bitcoin will replace the Dollar”

Billionaire Founder/CEO of Twitter and Square, “Bitcoin will replace the Dollar”

Billionaire Founder/CEO of Twitter and Square, “Bitcoin will replace the Dollar” $BTCUSD, $TWTR, $SQ Twitter (NYSE:TWTR) CEO Jack Dorsey predicted that Bitcoin (BTCUSD) will eclipse all the world’s currencies in about 10 years . But the newly nominated new head of the New York Federal Reserve disagrees. In a speech Friday, the current San Francisco Fed President […]

Bitcoin Traders Looking at Fundamentals in Here

Bitcoin Traders Looking at Fundamentals in Here

Bitcoin Traders Looking at Fundamentals in Here $BTCUSD Monday, Bitcoin was stable after dipping below $8,000 early, as traders saw signs of a increasing demand for the digital currency. Bitcoin bounced from its intra-day low of low of $7,900.3 Monday. Currently, Bitcoin is trading at: 8,042.9048,-48.1001, or -0.59%, as of 2.04a BST, the market is open. The […]

Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’

Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’

Bitcoin: IRS says ‘Less than 100 people have reported holdings so far’ $BTCUSD The Big Q: What will be the impact of last years digital currency boom be on US tax payers? Notably, Germany has declared Bitcoin Tax Exempt. In Y 2017, cryptocurrencies became among the very trendiest investment opportunities. And, after much debate and […]

China Has Launched Its Gold-backed ‘Petroyuan’

China Has Launched Its Gold-backed ‘Petroyuan’

China Has Launched Its Gold-backed ‘Petroyuan’ $CNY, $USD, $USO, $OIL, $GLD For the last few years, I have been writing about China’s coming Gold-backed ‘petroyuan’ and that it was imminent, few thought is possible. On 26 March China launch an RMB Yuan-dominated Crude Oil futures contract, it had tried before, but, now the contract has gotten […]

Understanding Crypto Currencies: The ECR20 Standard

Understanding Crypto Currencies: The ECR20 Standard

Understanding Crypto Currencies: The ECR20 Standard $BTCUSD, $ETHUSD Without technical knowledge of the blockchain and smart contracts realms, the world of crypto currency is daunting for many investors. But, the prospect of massive profits in the sector has attracted many types of investors, including those who otherwise might be cautious about investing in an asset, that they […]

Jack Dorsey, “Bitcoin Will Be the World’s Single Currency”

Jack Dorsey, “Bitcoin Will Be the World’s Single Currency”

Jack Dorsey, “Bitcoin Will Be the World’s Single Currency” $BTCUSD , $TWTR, $SQ Twitter (NYSE:TWTR) and Square (NYSE:SQ) CEO Jack Dorsey recently had very positive remarks about Bitcoin. He predicted the future of finance, suggesting that the “father of cryptocurrencies” is likely to become the world’s only currency within the next 10 years. Mr. Dorsey declared: […]

China Can ‘Open Up’ More, We Expect it Will

China Can ‘Open Up’ More, We Expect it Will

China Can ‘Open Up’ More, We Expect it Will People’s Bank of China (PBoC) Governor Zhou Xiaochuan, 70 anni, said market access reforms should be accelerated and that the world’s 2nd-largest economy “ can be bolder in opening up.” Policy makers are now focused on achieving “quality” growth, rather than the pace of expansion, which […]

China Talks Tougher On Bitcoin Regulation

China Talks Tougher On Bitcoin Regulation

China Talks Tougher On Bitcoin Regulation $BTCUSD $CME, $CBOE Bitcoin slipped below the $11,000 mark as it emerged that China has called for more centralized regulation of blockchain, the underlying technology behind the cryptocurrency. The speculative asset class had consolidated its position Monday after soaring above Key resistance just before the weekend, but dip sharply in […]

Bitcoin Pulls Back From Key Technical Marks

Bitcoin Pulls Back From Key Technical Marks

Bitcoin Pulls Back From Key Technical Marks $BTCUSD Bitcoin drifted further away from the $12,000 mark on Tuesday, as a popular cryptocurrency exchange faced allegations of insider trading and mishandling the launch of a new asset on its platform. Tuesday morning, bitcoin BTCUSD, -7.04%  slumped 4.5% to $10,918.35 after hitting a high of $11,432.98 on the day. The […]

Goldman Sachs (NYSE:GS) Buys into Digital Currency

Goldman Sachs (NYSE:GS) Buys into Digital Currency

Goldman Sachs (NYSE:GS)Buys into Digital Currency $BTCUSD, $GS Bitcoin rose back to $10,000 as the purchase of one of the bigger digital token exchanges by a more established financial services company bolstered expectations for wider mainstream acceptance of cryptocurrencies. Circle Internet Financial Ltd., a closely held firm backed by Goldman Sachs Group Inc.(NYSE:GS), said it […]

US Securities Regulators Looking for Guidance on Cryptocurrencies

US Securities Regulators Looking for Guidance on Cryptocurrencies

US Securities Regulators Looking for Guidance on Cryptocurrencies $BTCUSD, $CME, $CBOE Cryptocurrency exchanges upset by the dive in Bitcoin prices may face more turbulence as the 2 Top US market regulators ask the Congress to consider federal oversight for the trading platforms. Currently, Bitcoin is trading at: 6,067.395, -1,876.61, or -23.62%, as of 5:05a GMT, the market is […]

The Big Q: Why are Crypto Exchanges Vulnerable to Hacks?

The Big Q: Why are Crypto Exchanges Vulnerable to Hacks?

The Big Q: Why are Crypto Exchanges Vulnerable to Hacks? $BTCUSD Blockchain technology can make transactions safe and secure, but crypto-currency exchanges that trade Bitcoins and other virtual currencies that are based on this technology have been hacked because they are not working on secure networks. Late last week, the Tokyo-based Coincheck exchange reported a […]

Forex Traders Embrace the SmartPhone Era

Forex Traders Embrace the SmartPhone Era

Forex Traders Embrace the SmartPhone Era $USD, $JPY, $EUR, $GBP, $CNY The world’s biggest financial market, Forex, is embracing the SmartPhone era as investors find new ways to work when they are not on the trading floor. In a JPMorgan Chase & Co. (NYSE:JPM) survey of more than 400 institutional Fx, interest rates and commodities […]

Government ‘Watchdog’ Cracks Down of Fraudulent Digital Currency Operators

Government ‘Watchdog’ Cracks Down of Fraudulent Digital Currency Operators

Government ‘Watchdog’ Cracks Down of Fraudulent Digital Currency Operators $BTCUSD Friday, the US derivatives ‘watchdog’ said that it has filed charges against 3 separate virtual currency operators alleging the defendants had defrauded customers and broken other commodity trading rules, in a further sign regulators globally are cracking down on fraud in the ‘hot’ emerging asset […]

Forex Morning Briefing: Bitcoin Opens 2018 Soft

Forex Morning Briefing: Bitcoin Opens 2018 Soft

Forex Morning Briefing: Bitcoin Opens 2018 Soft $BTCUSD,$CME,$CBOE For the 1st time since Y 2015, Bitcoin, the world’s biggest the cryptocurrency, began a New Year by declining, extending its slide from a record $19,511 reached on 18 December 2017. Currently Bitcoin is trading at: 13,274.9453, -325.029, or -2.39%, as of 6:41a GMT, the market is open. On […]

Analysts See End of the Year Weakness in Bitcoin Price

Analysts See End of the Year Weakness in Bitcoin Price

Analysts See End of the Year Weakness in Bitcoin Price $BTCUSD ,$CME, $JPY Bitcoin, the biggest cryptocurrency, extended its decline over the Christmas Holiday weekend, failing to reverse a selloff that began after an unprecedented rally fell short of cracking the $20,000 mark. The fall is expected to bring more end-of-year weakness to a market […]

The Actual Value of Bitcoin Might be Zero

The Actual Value of Bitcoin Might be Zero

The Actual Value of Bitcoin Might be Zero $BTCUSD  ,$MS, $GLD The lack of people and businesses willing to accept it as a means of payment indicates that its actual value might be nothing aka Zero, according to an analyst from Morgan Stanley Current Bitcoin is trading at: A Morgan Stanley (NYSE:MS) analyst sent a research […]

LaSalle Street Pro Traders Hammer Bitcoin

LaSalle Street Pro Traders Hammer Bitcoin

LaSalle Street Pro Traders Hammer Bitcoin $BTCUSD, $CBOE, $CME Lost in the ‘blood’ of the feeding frenzy in cryptocurrencies and related stocks is the original digital token itself, Bitcoin Bitcoin fell as much as 10% to less than $17,000 Tuesday, the steepest decline since before CBOE futures were 1st introduced on 10 December. Bitcoin is […]

UAE, Saudi Arabia Working on Digital Currencies

UAE, Saudi Arabia Working on Digital Currencies

UAE, Saudi Arabia Working on Digital Currencies The 2 Gulf nation’s central banks in the have expressed skepticism about digital currencies The United Arab Emirates (UAE) is working with Saudi Arabia’s central bank to issue a digital currency that would be accepted in cross-border transactions between the 2 Gulf countries, UAE central bank governor Mubarak […]

Red Hot Bitcoin 24/7 Market Exposes Soft ‘Underbelly’

Red Hot Bitcoin 24/7 Market Exposes Soft ‘Underbelly’

Red Hot Bitcoin  24/7 Market Exposes Soft ‘Underbelly’ $BTCUSD ,$CBOE, $CME Bitcoin price: 16,674.0449, -495.961, or -2.89%, as of 5:55a GMT, Market Open. Tuesday, Bitcoin raced to another record high, as 1 of the biggest providers of digital currency wallets, Coinbase, crashed under the weight of traffic, leaving many of its more than 10-M customers unable […]

Bitcoin Is Not a ‘Fraud,’ It is Not for Long-Term Investors

Bitcoin Is Not a ‘Fraud,’ It is Not for Long-Term Investors

Bitcoin Is Not a ‘Fraud,’ It is Not for Long-Term Investors $BTCUSD, $CME, $CBOE Many economic guru do not think Bitcoin is a “fraud” but do not recommend it for long-term investors. Bitcoin is currently trading at $11,381. 8154, +233.261, or 2.09% in the world market. Anyone looking to put money into Bitcoin needs to […]

How Singapore Can Tolerate Upcoming Crypto-Currency Popularity (SGD) Currency – Analysis

How Singapore Can Tolerate Upcoming Crypto-Currency Popularity (SGD) Currency – Analysis

Singapore is widely regarded as one of the most crypto-friendly countries in the world, largely due to its stable politics, reliable infrastructure, and favorable business environment. Singapore’s Central Bank has experimented with blockchain technology, and announced Project Ubin, a collaborative project with a consortium of banks and technology companies to explore the use of blockchain for payments […]

Bitcoin, The Black Swan for Cash

Bitcoin, The Black Swan for Cash

Bitcoin, The Black Swan for Cash $BTCUSD Former Fed Chairman Alan Greenspan does not seem to impressed by Bitcoin, the controversial digital currency some see as a fad and a sham. He compared Bitcoin to the currency issued by the Continental Congress after the American Revolution began. “Bitcoin is what used to be called fiat […]

Bitcoin Developers Suspend Plan to ‘Fork’ the Digital Currency

Bitcoin Developers Suspend Plan to ‘Fork’ the Digital Currency

Bitcoin Developers Suspend Plan to ‘Fork’ the Digital Currency $BTCUSD Bitcoin hit a record high just off of $8,000 Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in half. Bitcoin is currently trading of that high at $7,150.9648 Vs USD […]

Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin”

Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin”

Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin” $BTCUSD, $GS, $JPM, $CME, $GBTC, $AMZN Goldman Sach’s CEO Lloyd Blankfein is keeping his ‘powder dry’ on Bitcoin the fast moving #1 cryptocurrency. The Goldman Sachs Group Inc. (NYSE:GS) Chief says he is not willing to reject the digital currency just yet and does not hold any investments in […]

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Markets, How Important?

China Plays a Role in the Gold Market, How Important? $GLD, $USDCNY China has been accumulating Gold over the past 10 years, and it is also the largest producer of Gold in the world and perhaps the world’s biggest consumers of the precious Yellow metal. The World Gold Council’s (WGC) data for Q-2 Y 2017, says […]

Bitcoin Tapping at 6,000, Traders Ignore Pitfalls

Bitcoin Tapping at 6,000, Traders Ignore Pitfalls

Bitcoin Tapping at 6,000, Traders Ignore Pitfalls $BTCUSD Bitcoin closed in on another milestone Friday, as the digital currency approached $6,000 for the first time to put its gain in 2017 to more than 500%, and is currently trading at 5,974.01, +342.94, or 6.09% on the day. As Bitcoin continues rise, people are speculating that […]

Bitcoin ETFs (exchange-traded funds) Are Coming

Bitcoin ETFs (exchange-traded funds) Are Coming

Bitcoin ETFs (exchange-traded funds) Are Coming $BTCUSD Bitcoin ETFs (exchange-traded funds) are coming, helped by the emergence of derivatives on the digital currency, according to industry executives. An expert, sitting on a on a panel at the Futures Industry Association annual conference in Chicago that it seemed obvious that futures and options will lead to […]

What is the Link Between RMB Yuan and Gold?

What is the Link Between RMB Yuan and Gold?

What is the Link Between RMB Yuan and Gold? $USDCNY, $GLD, $OIL People are asking, Paul, what is the link between the RMB Yuan and the precious Yellow metal? The Big A, as follows: Chart 1: The USD/CNY exchange rate (red line, right axis) and the price of Gold (yellow line, left axis, London P.M. […]

Digital Currencies (aka Crypto’s) Are Stronger Than Ever

Digital Currencies (aka Crypto’s) Are Stronger Than Ever

Digital Currencies (aka Crypto’s) Are Stronger Than Ever $BTCUSD  Bitcoin prices, up over 400% YTD, hit $5,896 Saturday. While Bitcoin is the largest crypto currency, 11 other coins have a market cap in excess of $1-B, demonstrating diverse trading options. Bitcoin’s dominance is still felt across the market, it is the main currency traded against […]

Bitcoin Surges Past $5,000

Bitcoin Surges Past $5,000

Bitcoin Surges Past $5,000 $BTCUSD $JPM, $GS, $GOOGL Bitcoin’s surge has divided the financial community between those convinced it is a bubble on the verge of popping. Questions being asked on Wall Street and Main Street about speculation on Bitcoin after the digital currency breached 5,000 for the 1st time, pushing this year’s gains to more […]

ICOs ALERT: SEC CYBER UNIT and TASK FORCE

ICOs ALERT: SEC CYBER UNIT and TASK FORCE

ICOs ALERT: SEC CYBER UNIT and TASK FORCE ICO With increased attention to how securities laws may apply to digital token sales and the disruptive nature of increased cyber threats to the investor community, the Securities Exchange Commission (“SEC”) last week announced two new initiatives. The SEC’s press release, found here, outlined the creation of the […]

‘Goldie’s’ Boss says, “Keep an open mind on Bitcoin”

‘Goldie’s’ Boss says, “Keep an open mind on Bitcoin”

‘Goldie’s’ Boss says, “Keep an open mind on Bitcoin” $BTCUSD, $GS, $JPM Goldman Sachs Group Inc. (NYSE:GS) CEO Lloyd Blankfein said he is keeping an open mind on Bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies.  Follow Lloyd Blankfein  ✔@lloydblankfein Still thinking about #Bitcoin. No conclusion […]

Bitcoin Trading Applications Snagged at SEC

Bitcoin Trading Applications Snagged at SEC

Bitcoin Trading Applications Snagged at SEC $BTCSD, $ICE An effort to allow investors to trade digital currencies as easily as stocks stumbled when backers withdrew 2 proposals to list Bitcoin funds. Intercontinental Exchange Inc.’s (ICE) NYSE Arca exchange Wednesday withdrew an application with the US Securities and Exchange Commission (SEC) to list Grayscale Investments LLC’s […]

Bitcoin’s Rally Flying in the Face of Central Bank Regulation

Bitcoin’s Rally Flying in the Face of Central Bank Regulation

 Bitcoin’s Rally Flying in the Face of Central Bank Regulation $BTCUSD Wednesday, Bitcoin is trading at 3938+, rising about 20% from the lows marked last Friday, as concern eases that a crackdown by Chinese regulators will hinder the growth of the alternative method of exchange. After marking a record high at 4,921 on 1 September, […]

Bitcoin Investment Opportunities

Bitcoin Investment Opportunities

Magical Internet Money Hits $5k The decentralized currency Bitcoin has rallied hard this year, climbing from $1,000 per BTC on January 1st to $5,000 per BTC on the first of September. The digital asset had a substantial market capitalization of approx. $82.6B with only 16.5 million bitcoins currently in circulation. Further, bitcoin trade volume has […]

Australian Dollar Outlook

Australian Dollar Outlook

Australian Dollar Outlook Christina Parthenidou, XM Investment Research Desk Last week the Reserve Bank of Australia decided to hold cash rates at a record low of 1.5% and maintained its optimism about the future economic performance of the country, the Australian Bureau of Statistics (ABS) published the GDP growth figures for the second quarter on Wednesday. These surprised […]

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System

China Begins Resetting The World’s Reserve Currency System $GLD, $OIL, $CNY It is a strategic move swapping Crude Oil for Gold, rather than for US Treasuries, which can be printed at will. A report released by the Nikkei Asian Review indicates that China is prepared to release a RMB Yuan denominated Crude Oil futures contract […]

Bitcoin Dives, China Declares Initial Coin Offerings Illegal

Bitcoin Dives, China Declares Initial Coin Offerings Illegal

Bitcoin Dives, China Declares Initial Coin Offerings Illegal $BTCUSD Bitcoin dives after the PBOC, China’s central bank, said ICO (initial coin offerings) are illegal and asked that all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. Monday,the PBOC on its website […]

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz

WW3: Gold Prices Could Rise to $10,000 oz $GLD, $SLV, $USD, $DXY, $AUD, $JPY Sunday, best-selling author James Rickards warned that Gold is poised to spike to 10,000 oz because of global political instability. Personally, I expect Gold attack the resistance at 1,500 in Y 2018. And not be shocked by a run that brings it […]

Thailand’s Strong Baht and Stock Market Rally

Thailand’s Strong Baht and Stock Market Rally

Thailand’s strong baht and stock market rally are in line with economic fundamentals, the central bank governor said on Wednesday, as the currency hovered around 28-month highs against the U.S. dollar. The moves have been driven by stronger economic growth and easing political uncertainty, Veerathai Santiprabhob told reporters. Southeast Asia’s second-largest economy expanded a more […]

IDR – Asain Currencies Drifting Low

IDR – Asain Currencies Drifting Low

Asian currencies drifted lower on Wednesday as the US dollar held onto its gains after upbeat retail sales data suggested the economy continued to gain momentum in the third quarter, reinforcing the possibility of another rate hike by the Federal Reserve this year. US retail sales recorded their biggest increase in seven months in July, […]

Trading Outlook – Sell EUR, Buy GBP

Trading Outlook – Sell EUR, Buy GBP

While we remain structurally bearish on GBP, we think EUR/GBP is due some mcorrection in the short-term. The cross is technically stretched with the 14-day RSI running above 80, a level it has reached only four times since 2008. Moreover, Bank of England pricing looks very dovish again with no hikes priced until late 2019. While we […]

JPY/USD – Japanese Economic Growth

JPY/USD – Japanese Economic Growth

The Japanese economy has been showing convincing signs of strength throughout the month of August. Despite softer than expected imports, Japan still managed to beat Q2 GDP expectations. Economic indicators like the PMIalso signal growth. However, despite the strong GDP outlook, Japan’s inflation rate remains dismally below the Bank of Japan’s targets, leaving the possibility of […]

EUR – Unemployment Down, Exchange Rate Up

EUR – Unemployment Down, Exchange Rate Up

The euro broke through the psychologically important $1.20 barrier against the U.S. dollar for the first time since January 2015 on Tuesday, a move that could help cement the shared currency’s newfound role as a global haven unless the European Central Bank intervenes. The shared currency has strengthened more than 14% against a broadly weaker […]

AUD Under Pressure As North Korea Conducts Another Missile Test

AUD Under Pressure As North Korea Conducts Another Missile Test

The Australian dollar has fallen sharply in early Asian trade on Tuesday following news that North Korea has conducted another missile test. Before the news of this latest missile test, the AUD/USD had risen to as high as .7973, a four-week high. That move was driven by broad-based US dollar weakness, continuing the move seen late […]

THB – ThaiBev To Buy KFC Restaurants

THB – ThaiBev To Buy KFC Restaurants

Thai Beverage, the spirits giant that makes Chang beer and SangSom rum, is expanding into the fast-food business to take advantage of the rising appetite for fried chicken in Asia. ThaiBev agreed to purchase more than 240 existing KFC restaurants in Thailand for about 11.3 billion Thai baht ($340 million). A deal is also in place for […]

5.1b Ringgit To Oil Refinery In Malaysia

5.1b Ringgit To Oil Refinery In Malaysia

Hong Kong’s NewOcean Energy Holdings Limited said on Monday it planned to build a 5.1 billion ringgit (S$1.624 billion) petroleum refinery complex on Malaysia’s east coast along with two partners. NewOcean will partner Malaysia’s Kuantan Port Consortium Sdn Bhd and Malaysian east coast development body. This (refinery) will further strengthen the throughput’s that will go […]

Malaysian Ringgit (MYR) Against The Greenback

Malaysian Ringgit (MYR) Against The Greenback

On a Friday-to-Friday basis, the ringgit traded lower at 4.2970/3000 against the greenback from last 4.2920/2950 previously. However, the local note traded higher against other major currencies, except the euro. It appreciated versus the Singapore dollar to 3.1088/1123 from 3.1181/1220 last week, rose against the Japanese yen to 3.7799/7829 from 3.8328/8365 and advanced against the […]

Indonesian Rupiah (IDR) All Time Low

Indonesian Rupiah (IDR) All Time Low

Indonesia’s rupiah dropped to a 17-year low against the dollar on Thursday, pressured by slowing economic growth and high inflation in Southeast Asia’s largest economy. The rupiah fell 0.4 percent to 13,271 against the dollar, the weakest level since August 1998 when Indonesia was in the depths of a financial crisis that led to the […]

Malaysian Ringgit (MYR) Come Back

Malaysian Ringgit (MYR) Come Back

The Malaysian ringgit rebounded against the US dollar on Thursday (Jul 27), benefitting from the Federal Reserve’s decision to keep its interest rates low longer, a dealer said. At 6pm local time, the local unit stood at 4.2760/2790 against the greenback compared with Wednesday’s close of 4.2825/2865. The dollar fell to a 2-1/2 year low against the euro and a 13-month trough against […]

Brexit – Fight For Euro Clearing

Brexit – Fight For Euro Clearing

The battle to control euro clearing once the U.K. leaves the European Union is getting uglier. LCH, the London Stock Exchange Group Plc unit that dominates euro clearing, wants to stop the European Central Bank from gaining the power to veto its decisions. Eurex Clearing, the Deutsche Boerse AG-owned subsidiary that would probably benefit most if London was […]

Australian Dollar (A$) CPI Outlook

Australian Dollar (A$) CPI Outlook

Australia’s Consumer Price Index (CPI) climbed an annualized 2.1% after expanding 1.5% during the last three-months of 2016, while the core rate of inflation increased 1.9% during the same period amid forecasts for a 1.8% print. Signs of slower-than-expected inflation may encourage the Reserve Bank of Australia (RBA) to preserve the record-low cash rate for […]

SEC Set to Crackdown on Digital Currency Operators

SEC Set to Crackdown on Digital Currency Operators

SEC Set to Crackdown on Digital Currency Operators $ETHUSD, $BTCUSD Tuesday, Wall Street’s main regulator said that ICO’s (initial coin offerings), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales. ICOs have become a bonanza for digital currency entrepreneurs, allowing them to raise millions […]

Foreign Investors See Malaysian Ringgit (MYR) Potential

Foreign Investors See Malaysian Ringgit (MYR) Potential

Things are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. Funds are flowing into Malaysia as the economy and local currency, the ringgit, strengthen, market participants said Upcoming elections present risks, but investors should see volatility as an opportunity to […]

Thai Baht (THB) Trade analysis

Thai Baht (THB) Trade analysis

The Thai baht rose marginally on Monday, headed for a second straight session of gains. The dollar-baht pair is tracking lower after the Bank of Thailand played down concerns about a strong THB on export competitiveness. Thailand’s trade competitiveness has not been much affected by a strong baht and exports can still increase as forecast this […]

Malaysian Ringgit (MYR) Immigration and GDP

Malaysian Ringgit (MYR) Immigration and GDP

Economy Malaysian authorities have arrested over 3,300 undocumented workers and 84 employers in the country’s latest crackdown Activists are concerned about possible abuses of workers’ rights, while labor shortages continue to plague business owners Malaysia had 5% growth for Q2 given the strong trade for May 2017 which has exceeded forecasts, growing by 31.5% to […]

Confidence In The Thai Baht (THB)

Confidence In The Thai Baht (THB)

A central bank official states that Thailand’s trade competitiveness has not been affected much by a strong baht and they are still confident that exports will grow 5 percent. Travel Recently, several tourists attempting to enter Thailand have been stopped and asked to show THB20,000 (about USD594) at airport immigration checkpoints. As an attempt to prevent the […]

Malaysian Ringgit (MYR) Has Best 1st-Half in 5 Years

Malaysian Ringgit (MYR) Has Best 1st-Half in 5 Years

Though proceeds raised from Malaysia’s equity capital markets are nearly seven times the level from a year earlier, recent fundraising exercises signal that the market has turned more cautious. Initial public offerings in Malaysia raised a combined $1.7 billion so far this year, based on data from bourse operator Bursa Malaysia. This was up sharply from […]

Japanese Yen (¥) Remains Low & Elusive

Japanese Yen (¥) Remains Low & Elusive

The Japanese yen continues to get hammered by its American counterpart in the European session, as dovish BOJ policy outcome combined as well as Governor Kuroda’s remarks during the press conference, continue to undermine the sentiment around the Yen. Technical Analysis USD/JPY failed earlier to hold above 112.00 and recently turned sharply to the downside after the ECB meeting and particularity following […]

Indonesian Rupiah (IDR) 4.75 pct since October

Indonesian Rupiah (IDR) 4.75 pct since October

Benchmark rate has been 4.75 pct since October. Indonesia’s central bank is widely expected to leave its benchmark rate unchanged again on Thursday as it keeps focusing on two key factors: the inflation rate and U.S. monetary policy. Bank Indonesia (BI) halted an easing cycle in October last year after cutting its benchmark rate <IDCBRR=ECI> six times. Six […]

Malaysian Ringgit (MYR) Rises Gradually

Malaysian Ringgit (MYR) Rises Gradually

Malaysian ringgit rises gradually against U.S. dollar Pair is currently trading around 4.2835. It made intraday high at 4.2840 and low at 4.2780 levels. Intraday bias remains neutral till the time pair holds key resistance at 4.2900 marks. A sustained close above 4.2900 will drag the parity up towards key resistances around 4.3030 and 4.3259 […]

Australian Dollar (A$) Rising Strong Against US Dollar ($)

Australian Dollar (A$) Rising Strong Against US Dollar ($)

On Friday night the Australian dollar broke through US78 cents for the first time in more than two years. The Australian dollar appears Confident to rise to US80¢ soon. The reason for Friday’s surge was that American retail sales fell, against expectations of a rise, and the monthly CPI change was zero. Annual inflation remains mired at […]

Thai Baht (THB) Previous Gains Lost

Thai Baht (THB) Previous Gains Lost

USD/THB is currently trading around 33.64 marks Most Asian currencies edged up on Tuesday as the dollar came under renewed pressure, with the Thai baht hitting its strongest in more than two years and the won climbing to a 1-month high. Uncertainty over the pace of the Federal Reserve’s policy tightening and worries that President […]

Crypto Coin Market is a ‘Time-Bomb’ that is Ticking

Crypto Coin Market is a ‘Time-Bomb’ that is Ticking

Crypto Coin Market is a ‘Time-Bomb’ that is Ticking Entrepreneurs issuing dispensable digital coins to cash in on the hype of Crypto currency are fanning a blockchain assets bubble. Firms have raised $1.3-B this year in digital coin sales, surpassing venture capital funding of blockchain companies and up more than 6X from the total raised […]

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