Forex Consulting

Bitcoin frenzy being led by millions of Asian investors

Japan, South Korea, and Vietnam are the biggest contributors in trading activity According to Coinhills, a data firm which tracks digital currencies, South Korea at one point in the past week accounted for 1/4 of Bitcoin trading activity – and that exceeded trading activity in the US as a whole. Copyright 2015 Forexlive.com

Forex Consulting

European equities slightly lower to start the day

Most indices are down, a little bit of a different tune than in Asia Meanwhile, in Asia we see the Hang Seng index up 1.56% and the Shanghai Composite 0.68% higher on the day. Australia’s ASX 200 closed higher by 0.14% as well. While the Kospi and China’s CSI 300 both closed higher by 0.79%…

Forex Consulting

Eurostoxx futures open down -0.1% at the open

European futures market for most equity indices are now open after Eurex encountered problems which caused a delay Some delays due to technical problems with Eurex earlier causing futures market to open later. In ~5 mins, we’ll have the cash market open. Copyright 2015 Forexlive.com

Forex Consulting

Three reasons why Bitcoin won’t be a substitute for gold

This according to Goldman Sachs’ analyst notes on 11 Dec The argues that Bitcoin’s market cap of $275 billion is easily dwarfed by gold’s $8.3 trillion, and the lack of liquidity in Bitcoin means it will unlikely convince investors who are looking to diversify their assets or hedge – to move away from gold. Copyright…

Forex Consulting

Pound retreats on post-data reality check

Stop me if you’ve heard this one before but… 12 Dec The truth seems to offend some people but I make no apologies for saying it as I see it, and I make no arrogant claims that I am always right or omnipotent. I have been in this business long enough, and taken enough beatings, to know…