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Bitcoin soars as miners finally move to solve the digital currency’s scaling problem

Bitcoin soars as miners finally move to solve the digital currency’s scaling problem

Bitcoin miners are signaling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency’s long-running scaling issue.

Several of the largest bitcoin miners (who create new bitcoins and support the blockchain), including AntPool, BitClub, Bixin, BTC.com and BitFury, have…

China to keep monitoring ‘irrational’ overseas investments

Chinese authorities will continue to monitor the trend of “irrational” overseas investments in the real estate, hospitality and film industries, a spokesman for the state planner said on Tuesday.

The Chinese government has cracked down on outbound investment by Chinese firms since late last year after accelerating capital outflows exacerbated depreciation of the yuan.

After rising 44 percent last…

China June new home prices rise 10.2% on year

Average new home prices in China’s 70 major cities rose 0.7 percent in June from the previous month, in line with growth in May as policymakers battle to rein in a red-hot market.

Compared with a year ago, new home prices rose 10.2 percent in June, slowing from an 10.4 percent gain in May, Reuters calculated from National Bureau of Statistics (NBS) data out on Tuesday.

Regulators have intensified…

Forex Trading in Singapore

Forex Trading in Singapore

Singapore has a well-established, if not especially long, history as a solid offshore financial center. For a long time, it has been the largest Forex trading center by volume in the entire Asia-Pacific region, and according to the Monetary Authority of Singapore, it is the third largest such center in the world, after London and New York. It is widely considered to be…

Which Currency Pairs Should I Trade?

Which Currency Pairs Should I Trade?

One of the biggest mistakes made by many Forex traders is not understanding that deciding correctly what to trade, and in which direction, is 90% of the battle to turn a profit. Unfortunately, too many traders focus on trying to perfect entry methods, not realizing that if you correctly pick what is going to up today, for example, then the exact entry method…

Forex Trading in South Africa

Forex Trading in South Africa

Forex trading is becoming increasingly popular in South Africa, and brokers are sprouting there weekly.  Both global brokers and local brokers are looking to attract South African traders to deposit funds and to begin trading.  We recommend choosing a broker regulated by the Financial Services Board (FSB) in South Africato ensure that your funds will be entirely…

Who Trades Forex?

A big part of understanding any market is knowing who the market participants are and getting a handle on the structure of the market. The Forex market is the largest market by cash volume in the world, with approximately $4 trillion worth of currency changing hands every day. Unlike regulated stock markets which trade in shares of public companies, the Forex market is not…

Is Bitcoin in a Bubble?

Is Bitcoin in a Bubble?

As the crypto-currency Bitcoin reaches spectacular new highs on dramatically increased levels of volatility, traders and investors alike are questioning whether it’s a good idea to trade this asset or whether now is the time to stay to the side before it devalues. Most of the debate is focused on whether Bitcoin is in a bubble, and whether it is viable as a long-term…

How Much Effect Does Oil Price Movement Have on the Forex Markets?

How Much Effect Does Oil Price Movement Have on the Forex Markets?

The Forex market is probably the biggest market in the world because it is open 24/7 and it accommodates players from different part of the world. However, the global Forex market is dependent on many factors outside the core currency markets despite its massive size. The Forex market is currently facing headwinds from the global…

How to Understand Forex Signals?

How to Understand Forex Signals

Four days every week, from Monday to Thursday, I publish Forex signals (in fact, they are technical analyses) for the seven most popular USD currency pairs. Once they are published, I am not able to update them, and market conditions may change radically. My aim in publishing these signals is to give the best guidance, ideas, and interpretation as possible to Forex…

Euro rally is actually a dollar problem, says former ECB president

The European Central Bank has a big problem in its hands and it originates from the United States, a former president of the central bank told CNBC Friday.

The growing strength of the euro – which recently broke the $1.20 benchmark – is raising questions about the future of monetary policy in Europe. It’s the ECB’s aim to raise core inflation but a strong currency hinders that aim. According to…

Several big banks are teaming up for a new digital currency

Six of the world’s biggest banks have joined a project to create a new digital currency, the Financial Times reported Thursday.

The crytocurrency will be used for clearing and settling transactions over blockchain.

Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street are working on the “utility settlement coin” that was created by UBS, the newspaper added.

The…

Euro’s rise is reportedly worrying a growing number of policymakers at the ECB

Rapid gains by the euro against the dollar are worrying a growing number of policymakers at the European Central Bank, raising the chance its asset purchases will be phased out only slowly, three sources familiar with discussions told Reuters.

The scheme is due to expire at the end of 2017 but formal talks over its future are only beginning, meaning the European Central Bank is highly unlikely to…

Massive Texas vaults ready to truck cash to Harvey-devastated areas, says ex-Dallas Fed president

The Federal Reserve stands ready to supply whatever cash demands are needed in Harvey-devastated areas of Texas like it did during Hurricane Katrina and other disasters, former Dallas Fed President Richard Fisher told CNBC on Tuesday.

Fisher explained that banks will send their armored vehicles to the Fed — either bringing currency back or taking currency out — and then circulate it through the…

Why Janet Yellen may have talked herself into trouble with Trump

In making a case for strong banking regulations, Fed Chair Janet Yellen also may have been indirectly telling President Donald Trump not to reappoint her.

Yellen, speaking Friday at the central bank’s annual summit in Jackson Hole, Wyoming, touted how a regulation revamp following the financial crisis has helped strengthen the system. She said the crisis “demanded action” and said the reforms…

Trading Gold and Silver?

Trading Gold and Silver?

Trading gold and silver has become increasingly popular over recent years. More and more Forex brokers are offering trading in gold and silver, as well as some other precious metals such as platinum and palladium, but gold and silver take up most of the speculative interest in this category. In addition to trading precious metals virtually, there are a lot of offers…

Is There a Reliable Way to Calculate Support & Resistance Levels?

Is There a Reliable Way to Calculate Support & Resistance Levels?

There is a lot of material written about Forex trading, both high quality articles and lower-quality pieces. Unfortunately, much of the worst of it is written about support and resistance levels. It is an extremely important topic for Forex traders, yet the quality of widely available research and advice in this field is generally…