Search Results for: currencies
Cryptocurrency market a ‘ticking time-bomb,’ says ethereum co-founder
July 20th, 2017
Initial coin offerings (ICOs), or a means of crowd funding for blockchain technology companies have caught too much attention, according to the co-founder of the ethereum network Charles Hoskinson who says it’s time for things to cool down in ...
Citi’s Flow Data Raises Concerns Over Euro and Pound’s Uptrend
July 20th, 2017
The world’s largest foreign exchange dealer, Citi, have dug into their data and found that the Euro’s strong run higher could be about to be tested. Flow analysis from the bank shows hedge funds are starting to take profit ...
The main moves in markets: Dollar remains at the weakest level; Global bonds climb
July 19th, 2017
Global bonds climb as U.S. equities eke out fresh record highs Dollar remains at the weakest level in nearly a year Asian stocks advanced and futures pointed to higher starts to U.K. and U.S. equity trading as Treasuries steadied ...
BNP Paribas fined millions for unsafe practices in the Forex markets
July 18th, 2017
Federal Reserve Board announces $246 million fine against BNP Paribas S.A. and certain of its U.S. subsidiaries for unsafe and unsound practices The Federal Reserve Board on Monday announced that it will fine BNP Paribas S.A. and certain of ...
Bitcoin off 40%, Ethereum down 60% from June highs
July 17th, 2017
Bitcoin slides below $2,000 as cryptocurrency selloff continues The price of the digital currency bitcoin fell over the weekend, dropping below $2,000 and farther away from its June highs, part of a broad selloff in dozens of cryptocurrencies, including ...
Asia shares rise; the Dow and S&P 500 hit record highs
July 17th, 2017
Asia shares rise on strong China GDP, accommodative Fed view Asian stocks set a fresh two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lacklustre U.S. data will keep the Federal Reserve cautious about ...
Speculators Sour On Gold And silver, Which Means The Bottom Is Near
July 14th, 2017
The stars — in the form of smart and dumb money futures contract positions — have once again lined up favorably for precious metals. Here are those positions for gold and silver as of Tuesday the 4th. Notice that ...
The logic of a modern gold standard
July 14th, 2017
The logic of a modern gold standard In last week’s Insight, I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooperation Organisation to break from the US dollar completely, ...
Swiss bank becomes first to offer bitcoin to its richest clients
July 14th, 2017
A Swiss bank is now offering to buy bitcoins for its clients. As of Wednesday, investors can ask their asset manager at Falcon Private Bank, a boutique investment firm headquartered in Zurich, to purchase and store bitcoin on their ...
BlackRock’s Top Economist Thinks Bitcoin and Ethereum Look Like a Bubble
July 12th, 2017
BlackRock, the $5 trillion asset manager, has not traditionally paid much attention to cryptocurrency platforms such as Bitcoin and Ethereum. Now that the prices of those blockchain-based currencies have risen exponentially in recent months, however, even BlackRock’s top economists ...
