Search Results for: central bank of China
Gold price boosted by hard Brexit fears
January 16th, 2017
Prospect of leaving single market – plus doubts over Donald Trump effect in US – sees traders rush to ‘safe haven’ Gold is being boosted this morning as concerns over a hard Brexit dominate the market commentary. Reports indicate ...
The Path to $10,000 Bitcoin
January 16th, 2017
So let’s imagine a scenario in which tens of trillions of at-risk wealth suddenly seek an alternative–any alternative to staying in an asset class that’s circling the drain. As my colleague Davefairtex observed recently, the paint isn’t quite dry ...
A controversial Russian Ponzi scheme is betting on Bitcoin to relaunch in Nigeria
January 12th, 2017
A month after it suspended operations in Nigeria, Mavrodi Mondial Moneybox (MMM), a Russian Ponzi scheme with over 2 million participants in Africa’s most populous country, is already plotting its comeback. MMM claimed it had to temporarily close operations ...
Korean won weakest major currency followed by pound and yen
January 9th, 2017
Korean won weakest major currency, followed by pound and yen Crude oil price down for first time in four sessions The offshore yuan had its biggest two-day fall since June as most other major currencies also slid, led by ...
Bitcoin hits a record high, but can it rival gold as a safe haven?
January 5th, 2017
With economic and geopolitical risks on the rise, bitcoin boosters are championing the ability of their crypto-currency, which hit an all-time high this week, to rival gold as a safe-haven play. “When the existing money system has problems, people ...
Asian shares mixed as investors consider latest Fed minutes
January 5th, 2017
Asian shares mixed as investors consider latest Fed minutes Asian stock indexes were mixed Thursday as investors assessed the latest Federal Reserve board’s meeting minutes. Japanese shares slipped as the yen strengthened against the dollar. KEEPING SCORE: Japan’s benchmark ...
Bitcoin price jumped above $1,000 for the first time in three years
January 3rd, 2017
It has been a bumper year for bitcoin. Having risen in value in 2016 by 125 percent the digital currency started the new year by jumping above $1,000 for the first time in three years. As most bitcoin trading ...
The decline in global forex trading
December 29th, 2016
Few surveys chart financial history and the changing structure and activities in financial markets as well as the Bank for International Settlements’ Triennial Central Bank Survey of foreign exchange and over-the-counter derivatives. The 2016 Triennial survey covers the period ...
Asian shares fell on the last trading day before Christmas
December 23rd, 2016
Hong Kong, Chinese stocks among worst performers on tightening Crude oil drops as most government bond yields head higher Asian shares fell on the last trading day before Christmas as Chinese equities extended their losses amid concerns over rising ...
Bitcoin crushed every other currency in 2016. Here are five reasons why
December 20th, 2016
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major currency, stock index and commodity contract. The electronic coin that trades – and is ...
