Bitcoin analysis for 11/09/2017:

Bitcoin analysis for 11/09/2017: Despite the recent bad news for the new ICO in China, Hu Bing, a researcher at the Institute of Finance and Banking, a government-backed Chinese government, said in a conversation with state-run CCTV-13, that the government was forbidding the ICO’s offering of coins only temporary. The Chinese Academy of Social Sciences […]

Euro and pound make use of the situation

Eurozone The following week after the ECB meeting on Thursday, the euro was able to increase, despite the fact that ECB President Mario Draghi did his best to bring down the wave of purchases. The decision for monetary policy changes is postponed and most likely will resume in October. Draghi mentioned thrice in his speech […]

PBOC says financial risks in China are on the rise

Chinese central bank out with a few comments 11 Sept anti-money laundering efforts facing challenges will strictly fend off money laundering and terrorism financing risks Comments come on top of the recent crackdown on Bitcoin/others. Elsewhere this morning we reported the PBOC eliminating reserve requirements for FX which may or may not be related. Yuan […]

Trading plan for 11/09/2017

Trading plan for 11/09/2017: There is slight optimism on financial markets for the North Korean regime to refrain from ballistic testing during the anniversary of the foundation of the state. This translates into the outflow of capital from safe-heaven markets: increases in US debt yields, decrease in Gold prices, a clear appreciation of the US […]