The EUR/USD pair has been volatile over the course of the last 6 months or so, but the one thing that you cannot deny is that we’ve seen a lot of bullish pressure. At one point, we had seen the market break above the vital 1.15 handle, and for me that’s a very positive sign….
The generous holiday spirit wasn’t enough to keep the bitcoin bubble fully inflated, leaving some traders confused and others invoking the historic ‘I told you so’ rhetoric. Bitcoin was trading at $14,099.01 on Coinbase as of 1:55 p.m. HK/SIN on Monday after plummeting over 30 percent on Friday, the biggest reversal for the cryptocurrency this…
from the Congressional Budget Office Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that help finance mortgages in the United States. They were originally established by the federal government as private corporations with a public mission. However, in September 2008, the government placed the GSEs in conservatorships under their regulator, the Federal Housing Finance…
Many others had done it, but nobody quite as blatantly as beverage maker Long Island Iced Tea Corp, which on Thursday became the latest to jump on the cryptocurrency bandwagon, bizarrely but profitably changing its name to Long Blockchain Corp , which sent its shares soaring by 500%. In an ironic twist, we previewed LTEA’s hilarious “pivot” just one…
A Difficult, but Also Exciting Year… Another year is coming to a close, and the team at Acting Man wishes you and your loved ones a Merry Christmas / Happy Holidays and all the best for the new year. You have probably noticed that your main scribe was a lot less prolific this year than…
According to Moody’s a distressed exchange occurs when a distressed company offers “creditors new or restructured debt, or a new package of securities, cash or assets, that amounts to a diminished financial obligation relative to the original obligation.” Since the financial crisis, the number of these distressed exchanges has ballooned as companies try to work around a…
Gold markets have been a bit difficult over the last couple of months, but as you can see I have drawn a nice uptrend line that has offered support of the last couple of weeks. I think that we are going to continue to see upward pressure, and the $1300 level above will be the…
As we get set to break out the champagne bottles to usher in a New Year, we can look back and say with certainty that 2017 was the Year of Bitcoin. Sitting at just under US $1,000 at the beginning of 2017, the price for a single Bitcoin escalated rapidly to sit just over $19,000…
In this week’s eventful COT report, there are new extremes in long British pound and short Australian dollar positions. Short Swiss franc net positions are no longer at an extreme, while long crude oil remains a consensus long position in the speculator community. This is shown below: CFTC COT (futures & options combined) – December…
What is a Self-Directed IRA? An Individual Retirement Account (IRA) is a type of savings account that is designed to help you create a healthy nest egg for your retirement while offering multiple tax benefits. However, regular IRAs limit your investments the more traditional assets options such as to mutual funds, stocks and bonds. Whereas…
