Category Archives: News

Bitcoin is so 2021.

MarketWatch
Bitcoin is so 2021. Here’s why some institutions are set to bypass the No. 1 crypto and invest in Ethereum, other blockchains next year
A weekly glimpse at the most critical moves and news in the crypto and predictions in digital assets.

Bitcoin BTC/USD, down 2.03 percent, remained steady from seven days ago, posting a 0.2 percent loss. The cryptocurrency, which is down nearly 30% from its all-time high of $68,990 in November, has been under selling pressure over the previous several weeks. Investors expected the Federal Reserve to accelerate bond purchases and likely raise interest rates three times in 2022. However, bitcoin surged following the Fed’s announcement on Wednesday.

Ether ETH/USD has declined 3.57 percent in the last seven days and is currently trading at roughly $4,028. According to CoinDesk, it was down more than 15% from its all-time high of roughly $4,866.

Dogecoin DOGE/USD, -1.63 percent has gained 3.4 percent in the last seven days, while Shiba Inu SHIB/USD, -2.34 has lost 4.4 percent.

GBP/USD is Pushing Towards The 1.4000 mark

The British pound is trading slightly above the 1.3360 level, but not by much as it moves towards its next significant resistance at the 1.4000 mark. One can expect another wave up to test this zone once again before going back below targeting even lower supports around here.
The GBP/USD pair has been consistently consolidating since January when the Bank Of England cut interest rates for the first time after seven years which sent markets into chaos and made investors question whether we will ever see any economic recovery finally happening outside the UK economy. It seems like last week’s events haven’t changed anything significantly. Lately, there have only been sideways trends following each other without giving room enough space so far until our eyes get used to seeing those patterns over-and.

Australia Post warns of its busiest Christmas yet as it gears up to handle record parcel demand

Australia Post warns of its busiest Christmas yet as it gears up to handle record parcel demand.
Conclusion paragraph: With the busiest Christmas season in Australia Post’s history, it will be interesting to see how they handle this record demand for parcels. We hope that these tips can help you prepare your business for handling an influx of packages this holiday season!
Aussies are spending longer in lineups at Australia Post this Christmas, thanks to the largest amount of parcel volume ever seen. Carry-on baggage — aka Aussie’s posties’ favorite Facebook ‘friend,’ has been showing off an entire bunch of new buttons and stickers designed especially for our little corner of the world; the carry-on bag we all love (and wished that doesn’t get stolen) and can’t live without!
Standard benefits:
– Ordering online is more convenient.
Emotional benefits:
– You’ll be able to get your gifts in time for Christmas eve.

– Australia Post has the capacity to handle your parcel.
– You’ll be able to get it delivered on time.

– Get peace of mind knowing your package will arrive on time for Christmas
– You’ll get your parcel on time.

– Get the perfect gift for your loved ones.
– Know that you’re supporting a local company in Australia
Source:https://www.abc.net.au/news/2021-11-24/australia-post-extends-deliveries-and-hours-christmas-demand/100646390

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.

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.

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.