This despITe the fact it is the pioneering crypto project responsible for birthing the entire blockchain technology industry beginning with the publishing of the original Bitcoin whitepaper by Satoshi Nakamoto way back in 2008.To get more news about PAXOS, you can visit wikibit.com official website. Today, cryptocurrencies offer investors and users all kinds of benefits and built-in utility, including self-executing smart contracts, decentralized finance projects that pay out a higher annual yield than a centralized bank would ever give to a customer, non-fungible tokens that provide owners with social status and the potential for huge profits, and more. Although each of the above benefits of cryptocurrencies stretches well beyond a basic decentralized peer-to-peer payment system like Bitcoin, they dont necessarily fit the goals of every investor. There is an in-between investor that still wants their cryptocurrencies backed by real-world assets such as precious metals. Thats where Asia Broadband (OTC: AABB) comes in. Why Clients Are Choosing Asia Broadband Asia Broadband supplies both precious and base metals mined in Mexico to clients across Asia. The company is in its 25th year of doing business. It is publicly listed in the United States and allows clients to benefit from the vertical integration of its value chain. The companys move into cryptocurrency marks an adventure into uncharted waters. But for clients, it marks an opportunity to benefit from the flexibility, security, and transparency offered by cryptocurrencies while giving them exposure to perhaps the most tried, tested, and true hedging instrument in all of human history; Gold. Given golds history and the fact that blockchain technology is now in its 13th year of existence, tokenizing precious metals is not a new concept. There are several other competitors serving customers in the gold-backed crypto market. So why are investors choosing Asia Broadband over other options？ Its because unlike other players in the market, Asia Broadband is not a crypto-first company. It‘s a publicly traded mining company available to investors via the over-the-counter market under the stock symbol AABB with over $100 million in assets. That means it’s one of if not the only company in the gold-backed token sector of the crypto market that gives investors access to gold in a “mine-to-token” fashion. All of this is accessible through the AABB Gold Token, which lives on the Ethereum blockchain and is ERC-20 compliant. Why The AABB Gold Token is Both the Present and the Future of Gold-Backed Cryptocurrencies The minimum price of the AABB Gold Token is always linked to the spot price of gold at any given moment. Investors worried about the potential of currency debasement coming to fruition because of exorbitant money printing by governments around the world in response to the coronavirus pandemic now have a way to separate themselves from that possibility. Not only is Asia Broadband actively mining precious metals just the way it has been for the last 25 years, but it also maintains a minimum of $30 million USD worth of physical gold in its reserves at any given time. The company is pledging to use third-party sources for gold only when it is necessary, with its own physical reserves and mining operations offering investors precious metals exposure while they hold the token and benefit from any increase in market demand. The fact that the token is 100% backed by gold and investors will benefit from the vertical integration of Asia Broadband offers a very clear value proposition no other market participant can. The overwhelmingly positive reception of the token is a reflection of that. Over $1 million worth of tokens were sold in the first two weeks of the tokens launch and more than 9,000 active users are currently holding over 245,000 tokens. Asia Broadband is committing wholeheartedly to giving investors an entirely new way to balance their interest in both cryptocurrency and gold. The time to benefit from a one-of-a-kind “mine-to-token” project like AABB Gold is now.
Both institutional and retail investors are staying away from active bitcoin trading following weeks of high uncertainty in the market, largely caused by the shifting trend in Bitcoin hash redistribution from China. At the current price of around $34,738, Bitcoin has recovered by 13% from its weekly low of $29,154, recorded on the 22nd of June, according to Coingecko data.To get more news about COINLIST, you can visit wikibit.com official website. Additionally, weekend trading activity saw bitcoin rise by 15% as PRICES bounced back from another sell-off on June 26 which saw bitcoin plummet to $30,141. Bitcoin has also recovered by around 15% in 48 hours and has gained 4.2% in the last 24 hours. Bitcoin Needs a New Catalyst to Break Pattern According to FINANCIAL expert Jehan Chu, Bitcoin is at a crucial POINT where it‘s going to need a catalyst to break from the 30k-40k volatile range. Chu, who is also the managing partner at Hong Kong’s CRYPTO investment firm Kenetic Capital said that intensifying Fear Uncertainty and Doubt (FUD) has played a key role in keeping Bitcoin prices down. “An unprecedented stream of FUD has resulted in Bitcoin struggling to keep above water.” Chu added that as a result, the short-term outlook for BTC remains choppy and uncertain despite the current price gain above $34K. “With retail investors on the sidelines, licking their wounds, volumes will struggle until the next price catalyst.” With many new developments in the crypto market, perhaps Bitcoin has a wide range of events to choose from as a catalyst. These include the winding up of hashrate migration from China, the passing of Bitcoin as a legal tender in El Salvador, increased BTC accumulation from institutional buyers, and the most recent impactful Bitcoin news which involves network difficulty adjustment. BTC hashrate has declined significantly as miners and crypto exchanges close shop in China permanently and look to Migrate to the West. While increased adoption has made Bitcoin considerably resilient to such disruptions, a hashrate change of such magnitude is bound to be felt across the market, with short to medium-term repercussions. According to data by Ycharts, there has been a consistent decrease in miners‘ revenue since May. As of 27 June, the miner’s revenue stood at $13.06 million, which represents a $58 million drop from $71 million on May 3. BTCs Long Term Outlook Despite current market conditions, skew, which provides professional data for crypto markets shows that over time, the open interest in bitcoin has been remarkably stable. “Highlighting $ growth of open interest is largely driven by #Bitcoin is appreciating in value.” Additionally crypto trader and analyst Rekt Capital said that Bitcoin market analysis supports the view that BTC looks good in the long term. “This recent #BTC Weekly close was positive for a wide-variety of reasons. Current down trending $BTC market structure holds. Multi-week Higher lows hold. The week EMA reclaimed as support. Higher low spanning the entirety of 2021 reclaimed as support. #Bitcoin.”
La cotización del dólar en el mercado informal de Argentina volvió este martes a 187 pesos por unidad, un valor que ya había alcanzado tres semanas atrás, cuando llegó a su máximo en lo que va del año.To get more news about AC MARKETS, you can visit wikifx.com official website. El denominado “dólar blue” (mercado informal minorista) avanzó este martes cincuenta centavos y cerró a 187 pesos para la venta, valor que no registraba desde el pasado 8 de septiembre. Desde entonces, la cotización en la plaza informal se había desinflado levemente, pero en los últimos días volvió a operar al alza. Pese a recuperar sus valor máximos en lo que va de año, el “dólar blue” aún se encuentra por debajo de su récord histórico de 195 pesos por unidad registrado en octubre de 2020. Analistas del mercado relacionan las renovada demanda de dólares con la incertidumbre que despierta la política del Banco Central de emisión de pesos y asistencia al Tesoro, las dudas sobre el nivel de reservas de libre disponibilidad de la autoridad monetaria y la política económica que adoptará el Gobierno hasta las elecciones legislativas de noviembre próximo y después de esos comicios. Según el economista Gustavo Ber, la “batería de anuncios” realizada por el Gobierno tras la derrota del oficialismo en las primarias del pasado 12 de septiembre “va profundizando los desequilibrios fiscales y monetarios” y, de ahí, “las renovadas tensiones cambiarias” y “los mayores desafíos que deberían encararse el día después” de las legislativas de noviembre. Ber apuntó ese martes que “continúan las preocupaciones de los operadores respecto a la dinámica de las reservas netas” del Banco Central en combinación “con la montaña de pesos que se sigue potenciando”. En tanto, el precio del dólar en la plaza formal minorista, donde las operaciones están acotadas por diversas restricciones impuestas por las autoridades argentinas, cerró sin cambios. En el estatal Banco Nación, el dólar se mantuvo en su máximo de 103,75 para la venta al público. A fuerza de ventas de reservas, el Banco Central mantiene un control más fuerte en la plaza mayorista, donde la divisa subió este martes apenas tres centavos, a 98,66 pesos por unidad. En tanto, el valor del dólar en los mecanismos financieros para inversores más sofisticados operó este martes al alza, por quinta jornada consecutiva. El denominado dólar “contado con liquidación” (CCL, que consiste en comprar localmente con pesos argentinos acciones o bonos y venderlos en dólares en Wall Street) subió el 1,30 %, a 176,25 pesos por unidad.
美股近期動盪不安，納指已連續第四個交易日走低。然而，當美股其他板塊紛紛遭遇拋壓時，能源板塊卻逆勢反彈。不過，華爾街分析師警告，能源板塊上行潛力或已耗盡，現在切入可能太晚。To get more news about AC MARKETS, you can visit wikifx.com official website. 9月以來，美國天然氣期貨價格上漲了26%，較年初上漲了一倍多。布倫特原油期貨週二（28日）盤中一度突破80美元/桶，接近三年高位。 在這種背景下，美股能源板塊在過去一周飆升近9%，是今年來美股表現最好的板塊，以40%的累計漲幅領漲標普500指數。 不過，Lido Advisors首席市場策略師桑切斯(Gina Sanchez)認為，投資者若想現在買入能源股以尋求更大上漲空間，可能為時已晚。 桑切斯近日接受媒體採訪時表示，“在疫情期間，它們是嚴重負收益（板塊），所以隨著經濟重新開放，能源需求開始回升，這自然會給所有能源公司帶來好處。” 但桑切斯認為，該板塊上行潛力可能已經耗盡。他表示，“（油價）飆升前提是滿足巨額需求的供應發生了中斷，而這些中斷往往發生在非常時刻，並且會自行解決。能源價格（調整）迅速上漲，並緩慢回落，與股市正好相反。”桑切斯認為，到2023年或2024年左右，能源價格應該會回到正常水準。 當地時間週三（29日），經歷前期暴漲後，美國11月交割的天然氣期貨從7年高位回落，盤中一度大跌 8%，最終收跌6.58%，創1月以來最差單日表現。 托克維爾資產管理公司(Tocqueville )的投資組合經理約翰•彼得裏德斯(John Petrides)卻不同意桑切斯看法——他認為能源股未來將有更多漲幅。 “我不認為你錯過了能源市場的反彈，當前情況是——大宗商品價格上漲了100%，但能源股並沒有跟著上漲”，Petrides表示。 Petrides尤其看好美國天然氣管道公司Kinder Morgan。他表示:“我們認為，他們將成為這個市場的受益者……在一個很難找到（正）收益的環境中，你將獲得6%以上的收益率。” Kinder Morgan股息收益率為6.4%，遠高於標普500指數1.4%的股息收益率。
Главный аналитик FXStreet Валерия Беднарик прокомментировала краткосрочный прогноз по EUR/USD:To get more news about oceix, you can visit wikifx.com official website. «Пара EUR/USD торгуется вблизи сопротивления на 1.1645 (23.6% коррекции последнего дневного снижения). На 4-часовом графике технические индикаторы направлены вверх в пределах зеленой зоне, а пара растет выше все еще бычьей 20 SMA, что говорит в пользу продолжения рота в случае пробоя упомянутого сопротивления. С другой стороны 100 и 200 SMA сохраняют медвежий уклон, держась намного выше текущей цены, что говорит в пользу того, что рост может быть лишь коррективным.
The London Summit awards celebrate the achievements of leading industry brands during 2021.To get more news about aafx, you can visit wikifx.com official website. As we head into Q4, finance and fintech brands prepare for stellar expos and industry awards. The Finance Magnates London Summit running 16-17 November 2021, is one of the most revered in the sector. As well as being a meeting place for industry thought leaders, the event will acknowledge and celebrate the achievements of leading industry brands. About the London Summit Awards The London Summit awards celebrate the achievements of leading industry brands that excel in various fields of the online trading business. Dont miss the chance to nominate your brand and be in the running to win one of the most sought-after industry titles. The online voting process is designed to provide the entire industry with a voice in deciding the winners each year, without the interference of judges or third parties. Registrations are open, and we officially invite you to nominate your brand for an award! The Awards process consists of three separate stages to determine the nominees, finalists and winners.
For economies with a high degree of capital mobility, there are essentially four different sets of policy-mix alternatives that can provoke a reaction in FX markets following an economic or geopolitical shock:To get more news about ic markets, you can visit wikifx.com official website. Scenario 1: Fiscal policy is already expansionary + monetary policy becomes more restrictive (“tightening”) = Bullish for the local currency Scenario 2: Fiscal policy is already restrictive + monetary policy becomes more expansionary (“loosening”) = Bearish for the local currency Scenario 3: Monetary policy already expansionary (“loosening”) + fiscal policy becomes more restrictive = Bearish for the local currency Scenario 4: Monetary policy is already restrictive (“tightening”) + fiscal policy becomes more expansionary = Bullish for the local currency It is important to note that for an economy like the United States and a currency like the US Dollar, whenever fiscal policy and monetary policy start trending in the same direction, there is often an ambiguous impact on the currency. Below we will examine how various fiscal and monetary policy remedies for geopolitical and economic shocks impact currency markets. SCENARIO 1 - FISCAL POLICY LOOSE; MONETARY POLICY BECOMES TIGHTER
On May 2, 2019 – following the FOMC decision to hold rates in the 2.25-2.50 percent range – Fed Chair Jerome Powell said that relatively soft inflationary pressure noted at the time was “transitory”. The implication here was that while price growth was below what central bank officials were hoping for, it would soon accelerate.The US-China trade war played a role in slowing economic activity and muting inflation. The implicit message was then a reduced probability of a rate cut in the near term, given that the fundamental outlook was judged to be solid and the overall trajectory of US economic activity seen to be on a healthy path. The neutral tone struck by the Fed was comparatively less dovish than what markets had anticipated. This might then explain why the priced-in probability of a Fed rate cut by the end of the year (as seen in overnight index swaps) fell from 67.2 percent to 50.9 percent after Powells comments. Meanwhile, the Congressional Budget Office (CBO) forecasted an increase in the fiscal deficit over a three-year time horizon, overlapping the central bank‘s would-be tightening cycle. What’s more, this came against the backdrop of speculation about a bipartisan fiscal stimulus plan. In late April, key policymakers announced plans for a US$2 trillion infrastructure building program. The combination of expansionary fiscal policy and monetary tightening made the case for a bullish US Dollaroutlook. The fiscal package was expected to create jobs and boost inflation, thereby nudging the Fed to raise rates. As it happened, the Greenback added 6.2 percent against an average of its major currency counterparts over the subsequent four months. Theglobal financial crisis in 2008 and the Great Recession that followed rippled out worldwide and destabilized Mediterranean economies. This stoked worries about a region-wide sovereign debt crisis as bond yields in Italy, Spain and Greece climbed to alarming levels. Mandated austerity measures were imposed in some cases which helped create the basis for Eurosceptic populism that hence haunted the region. Investors began to lose confidence in the ability of these governments to service their debt and demanded a higher yield for incurring what appeared to be a rising risk of default. The Euro was in pain amid the chaos as doubtsemerged about its very existence in the event that the crisis forced the unprecedented departure of a member state from the Eurozone. In what is considered to be one of the most famous moments in financial history, European Central Bank (ECB) President Mario Draghi delivered a speech in London on July 26, 2012 which many would come to see as a pivotal moment that saved the single currency. He said that the ECB is “ready to do whatever it takes to preserve the Euro. And believe me,” he added,“it will be enough.” This speech calmed European bond markets and helped bring yields back down. The ECB alsocreated a bond-buying program called OMT (for “Outright Monetary Transactions”). It was aimed at reducing stress in sovereign debt markets, offering relief to distressed Eurozone governments. While OMT was never used, its mere availability helped becalm jittery investors.At the same time, many of the troubled Euro area states adopted austerity measures to stabilize government finances. While the Euro initially rose as worries about its collapse receded, the currency would depreciate substantially against the US Dollar over the course of the following three years. By March 2015, it had lost over 13 percent of its value. When examining the monetary and fiscal set up, it becomes quite clear why. Austerity measures in many Eurozone countries limited their governments ability to provide fiscal stimulus that might have helped create jobs and boost inflation. At the same time, the central bank was easing policy as a way to alleviate the crisis. Consequently, this combination pressured the Euro lower against most of its major counterparts.
Indeks dolar AS menguat ke level tertinggi satu tahun terhadap sekeranjang mata uang utama lainnya pada akhir perdagangan Rabu (Kamis pagi WIB). Dolar menguat didorong meningkatnya ekspektasi pengurangan pembelian aset atau tapering Federal Reserve AS akan dimulai November dan kenaikan suku bunga mungkin pada akhir 2022.To get more news about videforex, you can visit wikifx.com official website. Greenback juga bernasib baik meskipun ada kebuntuan di Washington atas plafon utang AS yang mengancam akan menjerumuskan pemerintah ke dalam penutupan. Mata uang cadangan terbesar di dunia, yang dilihat sebagai tempat aman pada saat pasar tertekan, telah menguat dalam beberapa hari terakhir karena investor malah fokus pada kekhawatiran perlambatan global, kenaikan harga energi dan imbal hasil obligasi pemerintah AS yang lebih tinggi. Pedagang juga khawatir bahwa The Fed akan mulai menarik dukungan kebijakan saat pertumbuhan global melambat. “Fed telah mengisyaratkan percepatan memulai normalisasi kebijakan moneter,” Kit Juckes, ahli strategi makro di Societe Generale, menulis dalam catatan penelitian terbarunya. “Ketika AS lolos dari tingkat suku bunga kisaran nol, meninggalkan zona euro dan Jepang, kelebihan tabungan global akan ditarik ke arah dolar, yang dapat mengungguli sebagian besar mata uang lainnya di tahun mendatang, dan mungkin memulai pergerakannya lebih awal dari yang kami perkirakan,” tambah Juckes. Indeks dolar - yang mengukur mata uang AS terhadap sekeranjang enam mata uang utama saingannya - naik untuk hari keempat berturut-turut, menjadi 94,435, tertinggi sejak akhir September tahun lalu. Indeks terakhir naik 0,7% pada 94,404. Erik Nelson, ahli strategi makro di Wells Fargo di New York, memperkirakan kenaikan lebih lanjut 2,0% hingga 3,0% dalam indeks dolar. Greenback juga tidak terpengaruh, bahkan ketika Senat AS dari Partai Republik pada Selasa (28/9/2021) memblokir tawaran oleh rekan Demokrat Presiden Joe Biden untuk mencegah gagal bayar kredit AS yang berpotensi melumpuhkan, dengan pendanaan federal akan berakhir pada Kamis waktu setempat dan otoritas pinjaman sekitar 18 Oktober. Senat dapat memberikan suara pada Rabu (29/9/2021) atau Kamis (30/9/2021) tentang resolusi bipartisan untuk mendanai operasi federal hingga awal Desember, kata Pemimpin Mayoritas Senat Chuck Schumer. Euro termasuk di antara mata uang yang melemah, jatuh di bawah level 1,16 dolar, terendah sejak akhir Juli 2020. Terakhir diperdagangkan turun 0,8% menjadi 1,1592 dolar. Yen menunjukkan sedikit reaksi terhadap terpilihnya Fumio Kishida sebagai pemimpin Partai Demokrat Liberal yang berkuasa di Jepang, yang menempatkannya di jalur untuk menjadi perdana menteri negara berikutnya. Yen, mata uang yang paling sensitif terhadap imbal hasil AS karena suku bunga yang lebih tinggi dapat menarik arus modal dari Jepang, menyentuh level terendah 18 bulan terhadap dolar yang bangkit kembali. Dolar naik setinggi 112,04 yen, level terkuat sejak akhir Februari tahun lalu, dan terakhir naik 0,4% pada 111,99 yen. Dolar juga naik ke level tertinggi lebih dari lima bulan di 0,9355 franc. Dolar terakhir naik 0,7% pada 0,9351 franc. Pedagang mata uang juga memperhatikan komentar dari para gubernur bank sentral utama pada Rabu (29/9/2021), yang menjadi panelis di forum Bank Sentral Eropa di Sintra, Portugal. Ketua Fed Jerome Powell, Presiden Bank Sentral Eropa Christine Lagarde dan Gubernur Bank Sentral Inggris Andrew Bailey mengatakan mereka mengawasi inflasi di tengah lonjakan harga energi dan berlanjutnya hambatan produksi.
