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Russia considers issuing a national cryptocurrency,

Russia will have a prototype of the digital rouble platform in early 2022 and will pilot-test it next year before making a final decision on the country’s digital currency launch, Central Bank Governor Elvira Nabiullina said on Tuesday.

Nabiullina said the decision could be made in May or June if Russia was ready for this.

“We are at the stage now where we are considering our digital currency, but that is only the first step,” she told reporters. “We will have a prototype by early 2022, and then we will start testing it.”

Russia may also consider issuing a national cryptocurrency, Nabiullina said.

“As regards the possibility of issuing an analog of bitcoin, in my opinion, it is likely to be issued but already in a format that will meet the Central Bank’s requirements,” Nabiullina added. “That is to say, if we are talking about some cryptocurrency, then this is only possible when it fully meets the requirements of the Central Bank regarding consumer rights protection.”

Nabiullina said digital money would not be used for payments to individuals for privacy reasons.

Do you buy U.S. Treasury bonds for China’s foreign exchange reserves, and China Merchants Bank’s exchange for foreign exchange still ignores

Do you buy U.S. Treasury bonds for China’s foreign exchange reserves, and China Merchants Bank’s exchange for foreign exchange still ignores

Are you on our foreign exchange reserves to buy U.S. Treasury bonds? China Merchants Bank personal foreign exchange swap places still do not understand. Will we talk about the details and our country’s foreign exchange reserves to buy U.S. Treasury bonds and China Merchants Bank to exchange personal knowledge related to foreign exchange?
As the foreign exchange market is becoming more and more popular, more and more people also want to participate in foreign exchange transactions. But in fact, there are many pits in foreign exchange transactions, so how should the pits be settled? If you directly search for information on the Internet, it is easy for someone to do business. Then you can systematically learn some foreign exchange trading-related technologies and some knowledge related to foreign exchange trading here.

1. What is news trading law
U.S. President Biden: The economy is developing in the right direction, and recovery still has a long way to go. Later in May, the next phase of state and local government assistance will be launched. I do not think that unemployment benefits hurt employment data. The European Union calls on the United States to keep up with the pace of Europe’s new crown vaccine exports: European Commission President Von der Lein said that the E.U. should be open to the intellectual property rights (exemptions) of the new crown pneumonia vaccine. The vaccine patent exemption will not bring new short-term supplies. The European Union has exported 200 million vaccines, calling on the United States to keep up with the European Union’s export rhythm. Biden said he would like to see corporate tax rates of 25%-28%, suggesting that the acceptable tax rate is lower than his proposal. Biden added that a corporate tax rate of 25%-28% can help raise funds for investment projects, Implying that he accepts a tax rate lower than the level he proposed. During a visit to Lake Charles, Louisiana, Biden said: “The way I can fund this is to ensure that the most prominent companies do not pay zero taxes and reduce (2017) corporate tax cuts to 25%-28%. ”

2. What is the foreign exchange fund management
Fund management determines the degree of risk tolerance through the analysis of transaction risks and potential profits and controls risks through the management of transaction funds to ensure maximum profits. Most traders always verbally declare that they value money management. Still, they spend a lot of time looking for the perfect trading system or entry point, ignoring the importance of money management. The importance of fund management is reflected in response to risks. Investment traders who have experienced losses know that if they want to return to the break-even point after a certain level of loss, it means increasing their positions to a greater extent. If the loss reaches 50%, you need to increase the funds by 100% if you want to return to the break-even point. It is precisely because the magnitude of this decline is different from that of the rise that the destructive power of a sharp decline on investment profits and losses is self-evident. Therefore, those investment traders who have achieved long-term success will attach such importance to controlling losses. Only by doing an excellent job controlling losses can they lay a solid foundation for long-term profits. However, the proper management of control of transaction funds is a very effective means. Investment traders like to hear stories about legends making their fortunes with small funds, but many legends end up bankrupting their wealth due to a lack of risk control, often overlooked by the investing public.

3. Wave trading theory
Eliot published his theory in the book “The Principle of Waves.” In Elliott’s view, the market presents an iterative process. He pointed out that this process of change was caused by changes in investor sentiment caused by external factors or by the dominant psychology of the market at that time. Elliott explained that because the collective mental state of the market has led to price fluctuations, this mental state is always reflected in repeated patterns. He called the up and down fluctuations of prices “waves.” Elliott believes that if you can correctly judge the establishment of a trend, you can predict when the trend will end accordingly. The subsequent price fluctuation direction after the trend is established. This is also the reason why the Elliott band attracts so many investors. Elliott’s theory taught investors a way to determine the particular node of the price trend. At this node, the possibility of a price trend reversal is very high. In other words, Elliott built a system that allows traders to capture the top and bottom of the market. So Elliott discovered the rules of unnecessary price fluctuations. Isn’t it amazing? But before we start studying Elliott waves, you need to know what fractals are.

No matter when you conduct foreign exchange transactions, the reserve of knowledge is crucial. After reading the above content, you must have your system and theory for this, and then you can digest it through practice.

The depreciation of the U.S. dollar, the future trend is unpredictable

This week the foreign exchange market, the dollar depreciation of the main events, a week quotes 93.9480 to 93.6180 point downstream point, the depreciation of 0.35%; 94.1785-93.4950 point amplitude between the highest and the lowest was 0.72%. As a result, other major currency followers have their characteristics. Among them, the appreciation of the pound sterling has helped the U.S. dollar significantly, and the exchange rate range has risen to 1.38 US dollars. The appreciation of the Australian dollar and the New Zealand dollar have strong coordination, with the Australian dollar reaching US$0.74 and the New Zealand dollar to US$0.72. Over the weekend, the yen only appreciated 113 yen, while the Canadian dollar remained high at 1.23 Canadian dollars. Only the euro remained stable at 1.16 US dollars, and the Swiss franc remained stable at 0.91 Swiss francs. Our RMB sudden appreciation and then topped 6,400 yuan mark, the two comparable level, opening the shore in partial derogatory 6.43 yuan, offshore partial rose 6.42 yuan but closed both 6.38 yuan, 6.3850 onshore partial banished from slightly below The shore is 6.3820 yuan.

The U.S. dollar dominates the current foreign exchange market. After all, the economic and policy influence of the U.S. dollar is more potent than that of all currencies, and the will of the U.S. dollar in the exchange rate game is still at the mercy of the market logic and guidance. The prospects deviate from the economy or are highly speculative or anxious—leading to cause and background.

1. The expected advancement of U.S. monetary policy is the focus of operational parameters. One week the Fed several officials of speech, including Bao Weier speech the President of the economy certainly favor or outbreaks soothing rhetoric and policy loosening is evident, then the market is expected to raise interest rates ahead of time is the key, actual debt reduction or step by step forward, then U.S. Treasury yields up protrude. Among them, the 10-year Treasury bond yield has risen to 1.7%, indicating that the Fed’s actions are intensive and the layout observation is positive. At this time, the devaluation of the U.S. dollar is the key. After all, it is the key to stabilizing the economy with interest rate hike expectations, and the devaluation of the U.S. dollar is significant to protect the economy. The old way of the U.S. dollar currency has always been concerned about and adjusted to the economy. Being proactive is the key to the current U.S. economic timeliness. Therefore, the Fed’s monetary policy is the key to benchmarking the economy, and it is also the focus of the actual results of actual measures. The primary and secondary logic of currency and economy is that currency protects the economy and is the focus of attention. Since President Biden came to power, he has always focused on the concerns and facts of the domestic economy. The U.S. economy has been prosperous so far. It is the market focus that has the background and the support of factors.

2. The actual profit and performance of the enterprise highlight the functional effect. The focus of the market this week is the financial reports of listed companies in the United States. The final result is that companies’ financial reports are positive or their earnings are more prominent than expected. At present, 84% of the financial reports that the market has seen are profits or exceed-expected profits, and even corporate profits have generally increased by 33.7%. As a result, U.S. stocks have soared. The Dow broke a record high of 35,765.02 points, and the S&P recorded a high of 4551.44 points. The three major stock indexes rose by 1.08, 1.29%, and 1.64% in the week, and even the aviation sector is a surprising profit model. The logic of listed companies in the United States is apparent. On the one hand, the government policies for corporate rescue are appropriate. The Federal Reserve’s debt purchases are to help companies have sufficient liquidity. Even if inflation is coming, corporate capital flow and cash flow smoothly support economic cycles or development needs, so the United States The profitability of the company remains undiminished. On the other hand, the U.S. employment index is unsuitable for applying for unemployment benefits or non-agricultural purposes. However, the unemployment rate in the United States has dropped significantly. The increase in the rate is related to the stability and quality of labor. This is a severe problem deliberately ignored by American public opinion and an essential basis for the dollar’s depreciation. However, the U.S. economy is not at the level of polarization of public opinion. The overall economy and the logic of reality require careful observation and comparison.

3. The multi-angle combination of complex factors in the international environment is prominent. The current market highlights the upward trend of international oil prices. New York oil futures prices have risen for nine consecutive weeks. This is the most extended weekly rise since April 1983, and this is also why the depreciation of the U.S. dollar is justified. After all, the financialization of oil has been integrated into the critical position of the U.S. dollar framework, and the controllability of U.S. oil has been quite beneficial. The rising oil will be the focus and combined support of many issues around the world. The current stimulus of rising oil is unavoidable, and the two significant areas of production and consumption with industrial characteristics will be unavoidable. Coupled with the more geopolitical nature of oil, poor international relations are inevitable for oil stimulus. It is also an important new element and new framework focus of U.S. foreign relations. In particular, the U.S. government announced on the weekend that the U.S. fiscal year deficit for 2021 was the second-highest in history. It was 2.77 trillion U.S. dollars, less than 3.13 trillion U.S. dollars in the previous year. The contradiction problem of the United States shows the power and credibility of the U.S. dollar and indicates the risks and pressures of the U.S. dollar. The two-sided logic is appropriately used by the skilled U.S. dollar and can be used with ease.

It is expected that the depreciation of the U.S. dollar next week will be the fermentation of concerns about the size of the U.S. fiscal deficit. Still, it is expected that the exchange rate will be challenging to implement, and the actual U.S. dollar may have to appreciate due to the depreciation of the significant basket currencies. After all, the appreciation of major currencies in the main basket increases economic and policy risks. Repairing the market will certainly not be conducive to the depreciation of the U.S. dollar. However, commodity resource prices may rise. The U.S. dollar has more than a handful of hands. The U.S. dollar’s ​​incredible combination of technologies, strategies, and policies requires comprehensive observation and response.

(Editor in charge: Wang Zhiqiang HF013)

 

Bitcoin hits a new all-time high after six months.

 Bitcoin hits a new all-time high after six months.

  Bitcoin since April this year, the first time exceeded the $ 600 million mark because there is growing optimism that US regulators will approve only for this first US encryption currency futures exchange-traded funds. According to Bloomberg data, the digital currency rose by more than 40% month-on-month, reaching $62,553 at 20:50 on the 15th GMT. Bloomberg reported that the US Securities and Exchange Commission might allow this ETF to be traded next week. Since 2013, the US Securities and Exchange Commission has rejected attempts to create a Bitcoin ETF.
Edward Moya, a senior market analyst, said: “The approval of the Bitcoin ETF by the US Securities and Exchange Commission will be a major moment for the cryptocurrency industry, as it may be a key driving force to attract the next wave; of cryptocurrency investors.”
XTB online trading analyst Walid Kudmani said: “This is a key development in the field of cryptocurrency because it will allow many investors who are on the sidelines to enter the market more traditionally.” Other countries also have. Some ETFs include Bitcoin, but Bitcoin ETFs in the United States will take cryptocurrency to another level. (Interface News)

Bitcoin is frozen, whilst Gold expected to rise.

Bitcoin is frozen, whilst Gold expected to rise. Can it reach 10,000 US dollars in extreme cases?

May 27 – Huitong.com According to Scott Minerd, chief information officer at Guggenheim, as cryptocurrency prices fell and investors returned to gold and silver, the final gold price target was set at the US $5,000 to the US $10,000. Minerd also forecasts a 10% correction in US stocks over the next six months but added that the S&P 500 index would eventually reach 5000 points, if not higher.

On May 26, Guggenheim Chief Information Officer Scott Minerd stated that as cryptocurrency prices fell and investors returned to gold and silver, precious metals would gain momentum, with the final gold price target set at the US $5,000 to $10,000.

To read the most recent report, open the app.

“As funds exit the cryptocurrency market, people will continue to seek inflation-hedging instruments, and gold and silver will be better choices,” Minerd said in an interview.

According to Minerd, this will take time due to the size of the gold market, but the precious metals will enter an “exponential rise.”

He added that the ultimate goal for gold is a price of between US $5,000 and $10,000 per ounce.

Silver’s price typically lags. This is the poor man’s gold. It may also surpass gold as the most valuable precious metal. It is a version of gold with a high beta.

When discussing the future of cryptocurrencies, Minerd stated that while he believes Bitcoin and Ethereum will endure, new cryptocurrencies will likely dominate the digital asset space.

Additionally, he stated, “We will discover that some new cryptocurrencies will emerge for an extended period.” It can resolve several of the issues we are currently facing, including mining costs and total carbon production. It will develop into a high-level cryptocurrency and eventually become the dominant one.”

Minerd also forecasts a 10% correction in US stocks but predicted that the S & P 500 index would eventually recover.

“I believe the US stock market will experience a correction,” he stated. I believe that the US stock market will experience a 10% correction over the next six months. However, I think the S & P 500 will eventually surpass 5000 points. It could even be more extraordinary.

At 8:44 a.m. Beijing time on May 27, spot gold was quoted at $1,894.59 per ounce.

Gold continued to test the 1890 level today!

Last Friday, Gold staged another roller coaster ride. As expected, the US market surged higher and halted. The 1889/90 position fell and then retreated. It repeatedly failed to test the low point support in 1870. It came to a halt, stabilized, and rebounded here. Late Friday, more orders were traded in the 1873 area. Today, Monday, the quotation begins at the year 1882 and harvests! Gold fell at the end of last week, but it got off to a good start this week. Even in 1890, gold encountered resistance. The suppression has been prompted numerous times, and it is still focused on today. At the moment, the gold top is still meeting resistance at the 1890 level, and the situation is shocking. Early trading suggests that gold is not attempting to reach new highs. This can be relied on to suppress the short-term. Look for 1870 to act as a support law and multiple bullish signals in the chart below. Treat in shock within the range. A new wave will emerge after breaking through in 1890. More orders will be followed up on! Last week, gold closed at the extensive Yangxian line once more. The current 1870 position is supported. It did not break the position after touching this position after falling twice on Friday. The deep market V then retraced its steps, continuing to test the 1890 level today! Because the current trend is still upward, try to focus on low and long operations, but if you don’t break through before 1890, don’t chase long. Instead, they retreat and rely on the support of 1870 to last. Early trading caused the short of Bo to be suppressed in 1890, and it is now hitting 1877/. The 75 areas left the field and then returned around 1875, bullish with support at 1870! Today’s gold business ideas: Backhand close 1875 to do more protection in 1868, target the 1885-90 area; gold 1885-90 empty orders left the field in the 1877/75 area; gold 1885-90 deserted orders left the field in the 1877/75 area; gold 1885-90 open orders left the field in the 1877/75 area; gold 1885-90 open orders left the field in the 1877/75 area; gold 1885-90 empty orders left the field in the 1877/75 area; gold 18

Matt Levine: Tesla Sold Some Bitcoins

Matt Levine: Tesla Sold Some Bitcoins, as well as the deli, the first tax law, a JPMorgan Bitcoin fund, and Dogecoin versus lottery tickets. Mr. Levine: There’s a lingering suspicion that it’s unethical to buy something, say you like it, and then sell some of it. Tesla sold 10% of its holdings primarily to demonstrate Bitcoin’s liquidity as an alternative to holding cash on the balance sheet, he claims. On the earnings call, Chief Financial Officer Zachary Kirkhorn stated, “We’ve been quite pleased with how much liquidity there is in the Bitcoin market.” “Do people want to be upset about this?” Levine wonders. “I suppose it wanted to make sure its money wasn’t trapped. That is a valid concern!”

Elon Musk purchased Bitcoin, sold it when the price rose, and then tweeted about it. David Wheeler: There’s no evidence that Tesla or Musk lied about anything. Wheeler: It’s a great business if you can buy something secretly, announce “I own the thing,” and then sell it secretly. Tesla purchased approximately $34,700 per Bitcoin in late January and early February, and sold approximately $272 million, he claims. That’s an extra $101 million in real US dollars that came in from profitably selling Bitcoin.

In the first quarter of 2021, Tesla made $1 billion on Bitcoin. Aaron Schiller: Because the majority of those gains were unrealized, they do not count for accounting purposes. He claims Tesla has $900 million in unrealized Bitcoin profit that it could cash in at any time. Schiller claims that moving the price of cryptocurrency with his tweets is simple and profitable.

Wall Street ends lower after Fed holds steady on rates.

(Reuters) – Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery.

Despite the improving economy, the Fed repeated the guidance it has used since December, saying it must see “substantial further progress” towards its inflation and employment goals before stepping back from its monthly bond purchases.
“The Fed underscored a lot of uncertainty remains. In this kind of a backdrop, with inflation being transitory, they’ll continue to be pedal to the metal in terms of monetary policy,” said Kevin Flanagan, head of fixed income strategy at WisdomTree Funds.
The S&P 500 briefly rose to an intra-day record high after Fed Chair Jerome Powell said in a press conference that it was “not time yet” to discuss reducing the Fed’s support for the recovering economy.
U.S. President Joe Biden is expected to unveil a sweeping $1.8 trillion package for families and education in his first joint speech to Congress on Wednesday, senior White House officials said.

Google parent Alphabet Inc rose 2.9% and closed at a record high after reporting late on Tuesday a record profit for the second consecutive quarter and announcing a $50 billion share buyback.
In extended trade, Facebook jumped nearly 6% after the social media heavyweight reported quarterly revenue that handily beat analysts’ expectations. Investors were also awaiting Apple’s results.
The Dow Jones Industrial Average fell 0.48% to end at 33,820.38 points, while the S&P 500 lost 0.08% to 4,183.18.
The Nasdaq Composite dropped 0.28%, to 14,051.03.

Microsoft Corp’s quarterly report late on Tuesday met sales expectations and beat profit estimates, but its shares fell 2.8% and pressured the Nasdaq due to skepticism about one-off benefits included in the results and high hopes after a year-long rally.
A 7.2% drop in Amgen Inc weighed on the Dow after the biotech said its first-quarter sales and profit fell due to a 7% drop in its net drug prices and a hit from the COVID-19 pandemic.
Boeing Co fell 2.9% after posting a wider-than-expected quarterly loss and pausing 737 MAX deliveries over an electrical issue that has partly re-grounded the fleet.
Overall earnings per share for S&P 500 companies in the first quarter are expected to jump 39% from a year earlier, according to Refinitiv IBES data.

Advancing issues outnumbered declining ones on the NYSE by a 1.44-to-1 ratio; on Nasdaq, a 1.25-to-1 ratio favored advancers.
The S&P 500 posted 80 new 52-week highs and no new lows; the Nasdaq Composite recorded 113 new highs and 22 new lows.
Volume on U.S. exchanges was 9.5 billion shares, compared with the 9.9 billion full-session average over the last 20 trading days.

THE 23rd OF APRIL Market Review

GOOD AFTERNOON

The markets got off to a strong start on Thursday, with the most significant indices up nearly a full percent at the day’s peak. Better-than-expected earnings from Whirlpool, Tractor Supply Company, and AT&T boosted morale, as did a lower-than-expected jobless claims survey. As recruiting activity increased, the number of new jobless claims suddenly dropped to a new low. However, the good news was ruined later in the day when President Biden revealed a new tax package.

President Biden’s latest initiative would tax capital gains on wealthy individuals at approximately 40% to fulfil a campaign promise. The news caused the markets to reverse course, with the S&P 500 losing roughly 1.0 percent by the end of the day. If the market cannot cope with this new growth, a much deeper correction could be in store. The danger now is that stock selling will pick up on Friday, taking the index below its most recent support level.

Bitcoin sinks below $50,000, Biden tax plans burden the Crypto Market.

The selloff came after reports that the Biden administration planned a raft of proposed changes to the US tax code.

Cryptocurrencies such as Bitcoin and Ethereum lost a huge amount of their value in today’s trading due to worries that US President Joe Biden’s tax plan will hurt asset investment. Bitcoin, the first and most popular, fell 5 per cent to $48,8867, falling below $50,000 for the first time in more than a month, while smaller rivals Ether and XRP lost around 7 per cent.

Biden administration officials have been reported to be planning a raft of tax code changes, including a plan that nearly doubles taxes on capital gains to 39.6% for people earning more than $1m.

The biggest cryptocurrency by market value, Bitcoin, fell 5% to $48,8867 in the past 24 hours, falling below the $50,000 mark for the first time in over two months.

Rivals Ether and XRP dropped around 7% as well.

Investing in stocks and risk assets, which have rallied on hopes of a strong economic recovery on the back of tax plans, has tinged markets, prompting investors to book profits.

Increases in investment gains taxes were reported to be on the way.

“Bitcoin headed south today after President Biden signalled that he wanted to raise capital gains tax in the US,” said Jeffrey Halley, senior market analyst, Asia Pacific, at OANDA.

He also stated, “Whether that happens or not, many bitcoin investors are probably sitting on some significant capital gains if they stuck with it over the last year”.

“I firmly believe that developed market regulation and/or taxation remain the crypto markets’ Achilles Heel,” he added.

Bitcoin is on track for a 15% loss on the week, though it is still up 65% since the start of the year.

Ether fell more than 10% on the day to as low as $2,107, just a day after reaching a new high of $2,645.97.

Although social media lit up with posts about the plan hurting cryptocurrencies, and individuals complained about losses, some traders and analysts said the declines were temporary.

“I don’t think Biden’s taxes plans will have a big impact on bitcoin,” said Ruud Feltkamp, CEO of automated crypto trading bot Cryptohopper. Another quote by him is: “Bitcoin has only gone up for a long time, it is only natural to see a consolidation. Traders are simply cashing in on winnings.”.

Another analyst noted that bitcoin’s prospects are still bright, but it will take some time before prices start rising again.

Shares of cryptocurrency exchange Coinbase also dropped around 4% to $282 in US pre-market trading, marking the lowest level since its listing earlier this month.

Bitcoin’s market cap had soared to $65,000 before falling 25% a few days later.

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