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…

Forex Consulting

Who wants some outrageous predictions for 2018?

Saxo Bank has a few Naturally, predictions like this are more for bank PR than education but they have some value. For one, they’re a reminder that unexpected, huge and unpredictable moves happen in markets. And they happen far more often than we expect. Copyright 2015 Forexlive.com

Forex Consulting

The US dollar continues to march higher

USD/JPY hits the best levels since November 14 The US dollar is riding high ahead of tomorrow’s FOMC decision. The moves are still relatively small but the momentum is inarguable. In the latest updraft for the dollar, USD/JPY climbed above yesterday’s high to the best level since November 14. it’s the fourth day of gains.…