A “DAO” has Raised Over USD 2.7M to Collect a Precious Print of the US Constitution.

A new decentralized autonomous organization (DAO) has been formed to raise funds to bid on a first-edition printed copy of the United States Constitution auctioned off at major auction house Sotheby’s on November 18. The Constitution will be auctioned off at major auction house Sotheby’s on November 18.

Using an Ethereum (ETH) smart contract, the DAO hopes to pool money to win the bidding war for the unique copy of Bitcoin ($BTC). It is stated on the DAO’s website that “we seek to place control of the Constitution in the hands of the people.”

A total of more than USD 2.7 million (ETH 574), or more than ETH 574, has been raised so far, with new cash being added about every second or so. Given the duplicate’s estimated value of USD 15–20 million, there is a long way to go until the copy is complete.

After a Sharp drop to the 1.3350 zones, Gold Ended at 1.3410

After a heavy drop to the 1.3350 zones, Gold has found a consolidation area around the 1.3410 zones. The price is still bearish, and bears are still in charge. However, for bearish momentum to persist, the price would ideally stay above 1.3453, the resistance zone close to M L4 camarilla pivot. At this point, we can see that the price is trying to reject from the zone, and the break and the daily close below 1.3400 will cue for more bearish momentum. Watch for a continuation lower towards 1.3350 retests than 1.3322 and 1.3274.

EUR/USD hovers near yearly low, EU GDP data awaited

EU GDP data release and ECB Lagarde’s speech, due later in the day, will affect the pair.
EUR/USD continues to slide as US yields remain strong ahead of US Retail Sales.
EUR/USD continues to trade around yearly low levels of 1.1370 during the early Asian session on Tuesday. Multiple factors and data announcements due for later in the day as well as in the week will determine the pair’s outcome. At the time of reporting, the pair is trading at 1.1371, up by 0.1%. The currency pair has not been as low as this since July last year.

The market participants’ sentiments are going to be primarily affected by Federal Reserve speakers, the Eurozone’s upcoming Gross Domestic Product data release and European Central Bank (ECB) President Christine Lagarde’s speech, due for later in the day.
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How to Invest in Copper UK – Invest in Copper Today!

Copper has held its own as one of the most useful metals in the world for over 10,000 years. With looming inflation, interest in copper is higher than ever, and the best way to access this market is via a regulated brokerage.

In this guide, we discuss how to invest in copper in the UK and provide a review of the best places to gain access to this market. We also talk about the various ways you can add copper to your portfolios – such as through stocks, ETFs, and CFDs
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Brokers Are Encouraging UK Clients to Trade with Foreign Firms:

Brokers Are Encouraging UK Clients to Trade with Foreign Firms: FCA The regulator has already taken action against a few such brokers.

The UK Financial Conduct Authority (FCA) has published a Perimeter Report for 2020-2021, highlighting complex issues and regulatory responses to the gaps in the country’s financial services industry.

Calling out the forex and contracts for differences (CFDs) trading platforms, the watchdog agency said that it has identified several brokers encouraging clients to trade with entities in third-country jurisdictions rather than their UK business.

These companies are using this method of introducing brokers (IBs) and affiliates to carry out the unregulated activities, the British regulator highlighted.

FCA’s regulatory requirements are very strict with strong limits on leverages and marketing efforts. However, offshore brokers can offer significantly higher leverage to retail traders and offer bonuses to motivate them to trade.

“We are aware that some providers of retail derivatives (CFD and Futures) are encouraging retail clients to trade with firms in third country jurisdictions, by using comparison tables to highlight that retail consumers can get higher leverage through third-country intra-group entities,” FCA noted. “Some firms have also failed to highlight the protection that retail consumers may lose by transferring their account, such as the loss of negative balance protection.
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International oil prices fall, as the U.S. index rises to a 16-month high

On November 12, the market bet that the Fed would raise interest rates early to combat inflation. The dollar index rose to 95.266, its highest level since late July 2020. Demand for fourth-quarter oil fell while US shale oil supply rose, putting pressure on the oil market.

On Friday, November 12, the market bet that the Fed would raise interest rates early to combat inflation. The dollar index rose to 95.266, its highest level since late July 2020. OPEC cut its fourth-quarter demand forecast and raised its US shale oil supply forecast for next year, putting pressure on the oil market.

NYMEX crude oil futures fell 0.69 percent to $81.03/barrel, while ICE Brent crude oil futures fell 0.73 percent to $82.22/barrel.

 

“The US dollar may remain strong until the market fully digests the Fed’s accelerated monetary policy tightening expectations, which may not be until mid-2022,” said Leona Liu of DailyFX in Singapore. The strong dollar may get stronger first. Withstand rising oil prices While rising energy costs and rising inflation may benefit oil prices, they may also limit the market’s upside potential.

This week, the major markets moved nearly $4.

Demand is improving, and air travel is increasing, but the tightening of monetary and fiscal policies and the upcoming winter in the Northern Hemisphere will restrain demand.

To slow the rise in oil prices, the Biden administration may release the US Strategic Petroleum Reserve.

“The market is in a delicate balance,” said Justin Smirk, senior analyst at Western Pacific Bank. He said that while market supply is stable, demand is changing in kinetic energy. The market has shifted from a strong recovery driven by commodity demand to a service demand-driven recovery.

The Organization of Petroleum Exporting Countries (OPEC) reduced its forecast for global oil demand in the fourth quarter of 2021 due to high energy prices.

OPEC forecasts an average oil demand of 99.49 million barrels per day in the fourth quarter of 2021, down 330,000 barrels per day from the previous month.

OPEC also increased its forecast for US shale oil production next year, expecting 610,000 barrels per day in 2022, up 200,000 barrels per day from last month.

Increased investment by manufacturers due to rising oil prices.

 

According to a government source, the Indian Ministry of Petroleum has asked ONGC.NS to sell 60% of its two major oil and gas fields to private companies to increase production.

India’s dependence on foreign oil has risen to over 80% as domestic oil refining capacity grows, but oil and natural gas production stagnate.

India ranks third in oil consumption and imports. It has been asking ONGC to increase production for years to cash in on its oil and gas reserves quickly.

The gold price might hit its highest level in six months

On November 12, the dollar index weakened, limiting the intraday decline in gold prices. Gold may still be at its highest weekly gain since May 7th, boosted by US consumer concerns about rising prices and the anti-inflation gold charm. The Fed’s “wait and see” strategy has some drawbacks. Inflation expectations are now at historic highs. If inflation expectations continue to rise, a vicious circle of inflation will form, and the Fed will lose its best window of intervention.

The dollar index weakened on Friday (November 12), limiting the intraday decline in gold prices.

Concerns about rising consumer prices in the US may still boost gold’s anti-inflationary appeal.

The main COMEX gold contract fell 0.39 percent to $1,556.6 per ounce at 16:18 Beijing time. The US dollar index was flat at 95.171.

 

It is worth noting that the US dollar index rose to 95.256, its highest level since late July 2020, increasing the cost of buying gold for non-US citizens.

Earlier, the US announced that consumer prices rose the most in over 30 years last month.

The sharp rise in inflation has also prompted investors to bet on a faster Fed rate hike. Rate increases increase the opportunity cost of holding gold, which pays no interest.

“Until the supply chain resumes, upward price pressure will continue,” said Stephen Innes, managing partner of SPI Asset Management. Innes also predicted a rise in gold prices due to supply chain issues. This may lead to longer-lasting inflation, with slower rate hikes. He added that the rate hike cycle should eventually lower gold’s price.

According to Michael Langford of AirGuide, as the Fed’s gradual reduction in debt purchases and increased stimulus inflows fades, gold tends to fall below $1,850 in the short term.

Everbright Securities’ Gao Ruidong, managing director and chief macroeconomist, released a research report analyzing the risks of the Fed’s “wait and see” interest rate hike strategy.

Inflation expectations are now at historic highs. If inflation expectations continue to rise, a vicious circle of inflation will form, and the Fed will lose its best window of intervention.

Despite US Vice President Biden’s assurances that price increases are temporary, the opposition has found new targets.

Several Republicans on the House Energy and Commerce Committee tweeted that investing trillions of dollars in infrastructure projects will only worsen the US crisis.

Last week, the US Congress passed the infrastructure bill, and Biden won, but his plan to “rebuild a better world” did not receive unanimous Democratic support.

The plan aims to invest 1.85 trillion dollars in the US social safety net over ten years.

“Everyone agrees that the threat of record inflation to the American people is not temporary, but worsening,” said Joe Manchin, a moderate Democrat.

Should You Invest In Dogecoin?

Cryptocurrencies are all the major trends, but should you invest in one? I’m not sure. There’s no doubt that they’re becoming more popular by the day – some even believe they’ll replace gold as a form of currency! But, before we get too deep into Dogecoin, let me explain to you what makes it distinctive. – Billy Markus debuted it honestly and publicly on December 6, 2013, with no claims or aspirations to be “better” than other coins. They desired something equitable for all cryptocurrency users. The miners were primarily gamers with strong VGA cards.
Dogecoin is a cryptocurrency parody founded in 2013 by Australian entrepreneur Jackson Palmer and software engineer Billy Markus. Palmer explained in an interview that the inspiration for the project originated from two online tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and the other with a list of recently introduced bitcoin ventures to the market.
Palmer playfully coined the term “Dogecoin” for himself and posted the now-famous sentence, “Investing in Dogecoin, quite sure it’s the next big thing,” on his Twitter account. It piqued the eye of the meme-fueled crypto community right away.
To retain it as a private joke coin, Dogecoin was deemed “as absurd as possible” and marketed as “a fun coin.”

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.