Yesterday, the major currency pairs showed a variety of trends. The dollar index (#DX) kept the current levels. Support for the US currency was provided by optimistic data on the real estate market and the prospect of implementing the tax reform. In November, sales in the secondary housing market increased by 5.6% to 5.81 million….
(Some) defenders of the Tax Cuts and Jobs Act as passed argue that tax cuts for households will be extended, rather than disappearing by 2027. What does that mean for debt? Source: CRFB. Note: Differs from gross debt by netting out intra-Federal government holdings. CRFB estimates FY2019 deficits will be $1.1 trillion. Fortunately, the President has stated…
Day two of a declining U.S. Dollar in the face of rising U.S. interest rates. After last December, when the Fed hiked, we had a similar response to what we see now. Gold rose and the dollar declined. Higher rates equate to higher prices and higher prices mean higher inflation. Inflation is not good for…
After opening the day in green, share markets in India witnessed choppy trades and are presently trading marginally above the dotted line. Sectoral indices are trading mixed with stocks in the banking sector and stocks in the auto sector trading in red. While stocks in the capital goods sector are trading in green. The BSE Sensex is up by 9 points (up 0.1%) and the NSE…
As forecasted by our research Team, Ripple Broke out. With a spectacular upwards move, Ripple price went from 0.30 USD to touch 0.90. In our Ripple price forecast for 2018, we mentioned the following: “Our Investinghaven price prediction for Ripple is that once all weak hands have sold (near 0.30) we will witness a strong XRP…
Ripple XRP Update: After reaching the new high at $0.90 Ripple’s XRP has been supported by the 23% Fibonacci level in the $0.72 zone. This is despite the fact that Ripple added a former Morgan Stanley veteran, Zoe Cruz, to its board of directors on Tuesday. Ripple XRP Technical Overview On Thursday’s Asian trading session, Ripple XRP…
BITCOIN “A bubble is a bull market in which you don’t have a position.” Eddy Elfenbein. “A market is never so high that in can’t go higher.” An old trader. There is an impending volatility storm that will engulf us next year of which late 2017 has only been a prelude. Bitcoin is a good place…
To me and many others, bitcoin is not a technical revolution as much as it is a triumph of political and economic incentives. ~ Two Bit Idio Systems like Ethereum (and Bitcoin and NXT, and Bitshares, etc) are a fundamentally new class of cryptoeconomic organisms — decentralized, jurisdictionless entities that exist entirely in cyberspace, maintained…
With the end of 2017 drawing closer to an end, now is the perfect time to take a look at the real estate market forecast many predicted for this year and determine if it unfolded the way many had expected. At the very least, reflecting on what transpired in the last 12 months will serve as a…
New Zealand’s Gross Domestic Product (GDP) report may spark a bearish reaction in NZD/USD as the growth rate is anticipated to slow to an annualized 2.4% from 2.5% in the second quarter of 2017, with the pair at risk of giving back the rebound from earlier this month as it encourages the Reserve Bank of New Zealand…
