Cryptocurrencies may be the tulips of our time. Investors are mad for them the way the Dutch were in the 17th Century. Yet unlike lovely flower bulbs, there’s nothing behind the digital currencies, sold in “initial coin offerings” (ICOs). Just the vapor of promises that you’ll somehow get rich overnight. According to The Quartz Index,
Month: October 2019
Major indices closed the day with modest gains The major European indices are starting the week with modest gains. The provisional closes are showing: German DAX, +0.49% France’s CAC, +0.3% UK’s FTSE 100, +0.2% Spain’s Ibex, unchanged Italy’s FTSE MIB, +0.4% in the European debt market, yields have climbed higher. The France moved closer to the 0.0%
Bitcoin prices have been trading range-bound above $7,000 lately. Shutterstock Bitcoin prices have been trading north of $7,000 since breaking through that key price level earlier this week. However, what does this mean? “The price action these past few days has indeed been encouraging,” stated Mati Greenspan, senior market analyst for social trading platform eToro. The digital
Cable moves to a high of 1.2849 on the day ForexLive There are whispers doing the rounds that Lib Dems and SNP may pivot to back an election now. However, without Labour support, I highly doubt the government has two-thirds majority to be able to get the votes they need later today. That said, the
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Perry citing surging US output of shale oil. He says that is set to continue. Perry was speaking in a Bloomberg TV interview US one of the world’s largest producers of oil and natural gas from shale fields US a net energy exporter Goldman Sachs saying the US output growth is fading is “off a
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6 days in a 51 pip trading range The week in the USDJPY has seen a high at 108.748 on Thursday. That took the price above a ceiling at 108.717. That break failed. The pair had a low at 108.243. That was a break of the low from Monday at 108.276. That break also failed
The USDCHF runs higher today after holding support at the 200 hour MA and trend line The USDCHF has reached to new week highs in what has been a down and up session. The key for the pair was on the downside when the pair tested and held support at the 200 hour MA (green
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Moves further away from the 200 hour MA In an earlier post, I outlined the move below the 200 hour MA (see post here). Staying below would keep the sellers in control with the hopes for an extension of the days range and the low week’s trading range. We have now extended lower and test
The Takeaway New analysis of the economic model behind ethereum 2.0 suggests validators can expect to earn 4.6–10.3 percent in annualized rewards at the start. The hardware cost for running ethereum 2.0 validator software may increase as a result of a new design proposal by founder Vitalik Buterin. Even so, the economic model of ethereum
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