Potential Implications of a US December Interest Rate Hike on Global Markets
The prospect of a December rate hike in the US will no doubt leave Forex traders on edge in the next few weeks. The US markets, however, seem unfazed by the looming December rate rise. They are still making their usual new record highs every week, especially after last Wednesday’s release of the Fed minutes … Continue reading Potential Implications of a US December Interest Rate Hike on Global Markets
Cryptocurrencies are Certainly Becoming Hip
Bitcoin began its march back to the top of the pile after a nervous couple of weeks. A strong upward movement took it back to its previous highs approaching the all-important, psychological, $5000 level. It is trading way above the 21 EMA, the very strong support here, holding throughout this latest rally. With interest in … Continue reading Cryptocurrencies are Certainly Becoming Hip
Cryptocurrencies Regulation: Only Giants Will Benefit
What makes cryptocurrencies different from any other assets and instruments is the fact they are not yet regulated. In some parts of the world digital currencies are accepted as a financial asset, while in others it is already a legitimate payment method. Still, building a unified global cryptocurrency structure is something that is not going … Continue reading Cryptocurrencies Regulation: Only Giants Will Benefit
For Euro Traders, October is Going to be a Crazy Ride
September’s price action in the EUR/USD strongly suggests that investors should prepare for a volatile month. The combination of technical and fundamental factors should set a wicked tone in the market during October. Trading the long side in July and August seemed easy for the bullish traders when the Fed was talking down a third … Continue reading For Euro Traders, October is Going to be a Crazy Ride
What Would War Mean for the Global Economy?
The last week of September saw investors once again turn to safe havens, as North Korea and the U.S entered the ring for yet another war of words. Geopolitical tensions are an ongoing theme of 2017, and have contributed to keeping investor confidence in USD low, writes Lukman Otunuga, FXTM’s Market Research Analyst. Comments by … Continue reading What Would War Mean for the Global Economy?
Dollar, Fed Funds Traders Are Wrong, Chances of Fed Rate Hike Still 50/50
I think U.S. Dollar traders had the wrong reaction to U.S. Federal Reserve Chair Janet Yellen’s remarks on Tuesday. I was also surprised by the reaction by Fed Funds traders. To recap, yesterday, Fed Chair Yellen said that the central bank needs to continue gradual rate hikes despite broad uncertainty about the path of inflation. … Continue reading Dollar, Fed Funds Traders Are Wrong, Chances of Fed Rate Hike Still 50/50
Everyone is Afraid of the Brexit, But the Pound isn’t
Capital markets are once again focused on the Brexit. Attention to this issue was revived by Theresa May, the British Prime Minister, who spoke a lot about the Brexit last week in Florence, Italy. Many things she said made investors if not seriously consider the situation, then take risks into account in the long-term. May … Continue reading Everyone is Afraid of the Brexit, But the Pound isn’t
The German Elections Can be Crucial for Europe’s Future
Unlike the general elections in Spain, Austria, the Netherlands and, most recently, France, the lead-up to the German general election has been a more silent affair, which is perhaps surprising when considering the ramifications of a Populist Party victory in the Deutschland and the likely impact on the German economy and geopolitical stability within the … Continue reading The German Elections Can be Crucial for Europe’s Future
The Great Wall of Bitcoin
China’s recent war on bitcoin is getting wall-to-wall coverage at the moment throughout the world. This is hardly surprising as China accounts for 71% of global mining hash power. By comparison, the United States is a relative minnow: USA – 1% Venezuela – 2% Iceland – 2% Georgia – 2% India – 4% China – … Continue reading The Great Wall of Bitcoin
Bitcoin Traders: Embrace the Volatility or Perish
Bitcoin fell like a rock last week as many speculators in the cryptocurrency decided to book profits and head to the sidelines after JPMorgan Chase CEO Jamie Dimon warned about the dangers of Bitcoin, saying “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” He even said the cryptocurrency … Continue reading Bitcoin Traders: Embrace the Volatility or Perish
The Crypto Future of Currencies
Financial markets are becoming more and more focused on cryptocurrency trading. The value of Bitcoin, the most well-known of all cryptocurrencies, is continuing its surge from early in the year. Many other digital coins are also experiencing bullish trends, with Ethereum increasing by nearly 4000% in value since January. And it’s not just forex traders … Continue reading The Crypto Future of Currencies
The Jury is Out on Bitcoin
We all can understand why people that follow Bitcoin’s progress over the past few weeks are a “bit” nervous. The rise in its value has been surprising and fast. Bitcoin aficionados will tell you that they knew it all along the way while doubters will tell you that it is only a question of time before … Continue reading The Jury is Out on Bitcoin
Investing in Cryptocurrencies Now or It’s Too Late?
A worldwide Bitcoin “fever” is gaining momentum. Daily traded value of cryptocurrencies are enormous and continue to increase. Is it time to join cryptocurrency enthusiasts or maybe it’s too late? Over the last 8 months, the bitcoin has more than doubled its price. This quick growth was exactly the thing that attracted a lot of … Continue reading Investing in Cryptocurrencies Now or It’s Too Late?
U.S. Dollar Index Should Be Big Winner if Draghi is Dovish
A few times last week I wondered about how European Central Bank Mario Draghi was sleeping these days since in a few days he will holding one of his most important press conferences in the history of the ECB. I came to the conclusion that he’s been sleeping fine because he is not going to … Continue reading U.S. Dollar Index Should Be Big Winner if Draghi is Dovish
Shutting Down Government May Be Trump’s Best Negotiating Weapon
September is set to begin with the United States Congress facing two major issues: raising the debt ceiling, which is the legislative limit on how much the government can borrow, and passing a spending bill. According to the U.S. Treasury, Congress needs to raise the debt ceiling by September 29. Failure to pass a spending … Continue reading Shutting Down Government May Be Trump’s Best Negotiating Weapon
Now Is Not the Time for Trump to Push for Tax Reform
According to White House chief economic adviser Gary Cohn, President Donald Trump will begin campaigning for his long-awaited tax reform plan this week. Late last week, Cohn said the announcement would be made this Wednesday while the President visits Missouri. Given Trump’s record so far in passing key legislation that are essentially his campaign promises, … Continue reading Now Is Not the Time for Trump to Push for Tax Reform
Mayweather vs. McGregor: The Money Fight is All About Money
Floyd Mayweather and Conor McGregor are ready for ‘The fight of the century’, however, the fight on Saturday night will probably not be the fight of the century, whether we look back or forward to the current century. Actually, this fight is mainly about one thing… Money. All records are expected to be broken in … Continue reading Mayweather vs. McGregor: The Money Fight is All About Money
No Confidence for Jacob Zuma Equals No Action for the South African Rand
History books are not short of country leaders holding on to their posts, when everything and everyone indicate that they should relinquish power. Back in the day, it was difficult and expensive to rally support and a unified voice from the masses, now, however, thanks to the growth of technology and specifically social media, the … Continue reading No Confidence for Jacob Zuma Equals No Action for the South African Rand
Is Bitcoin Ready to Steal the Safe Have Status from Gold?
There’s an old stock market saying; “put 10% of your wealth into gold and hope it goes down”. This saying underlines the well-known fact that when gold rises in value it indicates that other assets are performing terribly and fear is gripping the market. If we look at recent events, especially the ongoing word battle … Continue reading Is Bitcoin Ready to Steal the Safe Have Status from Gold?
All the Reasons why Bitcoin Price Breaks Above $4000, What’s Next?
Bitcoin prices have been on a roll ever since the fork completed on August 1 and the bitcoin network managed to survive through that phase. During this period, we have seen the bitcoin prices push through $3000, which had been a huge psychological bugbear on the prices and the bulls refused to stop there and … Continue reading All the Reasons why Bitcoin Price Breaks Above $4000, What’s Next?