Gold Backs Down On Profit Taking
Gold fell on Tuesday after hitting a multi-month high in the session as some investors used this opportunity to take profit. XAU/USD not able to pass through the 1327.50-1324 area, and as a result, prices pulled back to test the support at $1304. In economic news, the Conference Board said its index of consumer confidence […]
Sticker Shock: Small Hedge Funds Seen Ditching I-Banking Research Under MiFID
For the past several months we’ve discussed many theories about how the new MiFID II rules in Europe might drastically change the investment banking research business model. For those who haven’t followed this narrative, MiFID II is a new set of regulations in Europe that requires investment banks to charge separately for research as opposed […]
Litecoin Soars To Record High
After Bitcoin’s initial split last month it reached a high of roughly $4,500 in mid-August. But now it’s trading at its highest level ever, reaching a price of $4,700 in some major exchanges this week. The criptocurrency is up now 350% from roughly $1,000 since the beginning of the year. Bitcoin may be the most […]
Germany Increased Tax Collections 4.3% 1st Half 2017
The Germany has posted a stunning 4.3% rise in tax revenues during the first half of 2017. I have warned that while the ECB keeps buying government bonds to “stimulate” the economy, they keep trying to sterilize the expansion by raising taxes and hunting people for taxes. They do not seem to grasp that injecting […]
Dodd-Frank Rollback? An Opportunity That’s Too Good To Ignore
It isn’t often that a great opportunity for retired investors broadcasts itself in advance, but it’s happening right now in banking. And it’s all thanks to lower regulations. Following the financial collapse in 2008 and early 2009, Congress went all out to prevent a repeat of the failures that almost drove us over the cliff. […]
Indian Indices Continue Momentum; Metal Sector Up 2.3%
After opening the day higher, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the metal sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 243 points (up 0.8%) and the NSE Nifty is trading up 84 points (up 0.9%). The BSE Mid Cap index is trading up by 1.4%, while the BSE […]
Death Of The U.S. Dollar Reserve Currency… Picking Up Speed
The Death of the U.S. Dollar as the world’s reserve currency will have a profoundly negative impact on the lives of most Americans. Unfortunately, 99% of the population has no clue. The only reason 1% of U.S. citizens understand what is going on, is because the Mainstream media and financial networks have distorted the truth […]
Median New Home Sale Prices Resume Slow Climb
Median U.S. new home sale prices continued to trudge slightly upward last month, continuing on their slow, upward trajectory after flattening somewhat last month. The following chart shows the latest updates in the relationship between the trailing twelve month average of median new home sale prices against the trailing twelve month average of median household income from December 2000 […]
EUR/USD Completes Total U-Turn – Extends Drops
Yesterday, EUR/USD finally made a break above 1.20 and made it big-time. The pair even broke above the “whatever it takes” level of 1.2040 and hit a new high of 1.2070. However, this didn’t last. In the US session, the dollar gained some ground, also thanks to a high level of consumer confidence. The greenback gradually reasserted itself and EUR/USD […]
Could There Be A Bitcoin Pullback?
It’s Wednesday, August 30th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. When Bitcoin and other cryptocurrencies first made an appearance a few years ago, many people — including myself– dismissed them as a fad. But now, here we are, with an estimated 5 to 10 million unique […]
