Nick Szabo, the inventor of smart contracts and Bit Gold, laid the foundation for the creation of Bitcoin. He defined smart contracts 14 years before Bitcoin. Then he theorized bits having value based on proof of work five years before Bitcoin. With degrees in both computer science and law, and an intense fascination in the…
If you think you can hide out in ETFs or high growth stocks and weather the downturn, please think again. In case you failed to notice, investment sentiment has changed. The stock market struggles to go up on good news. Investors wonder if the Fed still has their back. Some think they can weather the…
EM FX was mixed Friday, capping a mixed week as a whole.COP, CLP, and MXN were the best performers last week, while RUB, BRL, and TRY were the worst. While concerns about trade wars and Syrian missile strikes have ebbed, risks to EM remain elevated.US retail sales Monday and Fed Beige Book Wednesday are the…
Our projection for the S&P 500 (SPX) in the coming week is for pullback in the S&P 500 to the support zone of 2616 – 2620.
Dollar/yen rallied and reached the highest levels since February as everything went in favor of the pair. What’s next? The airstrikes in Syria may actually have a positive effect and then things depend on the Fed speakers, US retail sales and the mood of President Trump. USD/JPY fundamental movers The biggest driver forward of the pair is trade…
In a stark reminder that despite all the operational and management turmoil over the past three years, few if any of the outstanding concerns involving Europe’s banking behemoth – Deutsche Bank, including €48 trillion in net notional derivatives, has been resolved. In its Monday edition, Suddeutsche Zeitung reports that the ECB has asked that Deutsche Bank…
Like baseball, young love, and hay-fever, we’ve entered the high season for taxes. New this year, however, we begin to react to changes in the tax reform law of December 2017. The point of that law was to make the world safe for businesses and their owners, who received healthy tax cuts. If you were…
With more than 45 million self-directed investors, many online brokers and other wealth tech providers are struggling with user acquisition. The cost of acquiring a new user can vary from $250 – $1500 which is why companies allocate considerable resources to retain existing users. Market intelligence fintech and new alternative brokerages are on the rise, and the…
Gold Fundamental Forecast: Neutral Talking Points: Gold prices give up gains amidst geopolitical risks cooling and hawkish FOMC minutes The anti-fiat asset can be vulnerable to risk trends thanks to the high-yielding US Dollar Watch out for US retail sales, Fed commentary + beige book, and Trump commentary Gold prices seemed like they were about to shoot for the stars last week…
The geopolitical tension between the United States and Russia escalated rapidly in the past two weeks. Two weeks ago, the U.S. Treasury Department announced fresh sanctions against Russian oligarchs and companies due to “Russia’s malign activity around the globe”. This new sanctions have caused economic pain to Moscow with Russian Ruble and MOEX benchmark index…
