Is The Stock Market Open On New Year's Eve And New Year's ...

Dollar's farewell performance. Review as of 30.10.2020

Dollar's farewell performance. Review as of 30.10.2020
What is good for the greenback is good for Trump. Does the current White House tenant have a chance to keep his chair?

Can the USD index's rise right before the election be a tribute to retiring Trump?

Those Americans are so strange: less than a week is left, and they still don't know who will be the president! Financial markets appear not to understand that either. The S&P 500's fall on the eve of the election indicates that the party in power's candidate will lose. The ratings indicate the same, but the US dollar is growing by leaps and bounds, while investors know: what is good for the greenback is good for Donald Trump. Can the Republican still have a chance? Or is it the USD's farewell performance for Trump?

https://preview.redd.it/05ez9n4828w51.jpg?width=1164&format=pjpg&auto=webp&s=eab79fbf5beec7a869becfef8bb8197116dc1b96
Even if we forget about the pandemic and trade wars, we'll see that a weak dollar has run all through Trump's presidency. The US' 45th president did his best to weaken the greenback, accusing China and Europe of manipulating their currencies, asking the Fed to cut rates and revive QE, and calling Jerome Powell the USA's main enemy.
In the end, things didn't go the way Trump wanted. The USD index was consolidating stably from the beginning of 2018 and up to May 2020. The strong economy helped the Fed raise rates several times, which other central banks couldn't afford. Tax cuts and deregulation became a boon for US companies and the whole stock market. That drove capital to the USA and strengthened the dollar. The trading war slowed global trading down, cut the euro's rate, and boosted demand for safe-haven assets. The greenback won all the same.

https://preview.redd.it/0p75min828w51.jpg?width=1164&format=pjpg&auto=webp&s=c833d6501df48d672fecb6b4f1340304394b0ff3
The US' 45th president will enter history books as a man who spoiled everything and as a man who first speaks and then thinks. His attempts to describe things better than they are make everybody smile and make him lose his authority. Trust is like paper: once creased, it's hard to smooth it out. Trump called the US' Q3 GDP growth "best in history" and said the year 2021 would be fantastic. However, Sleepy Biden's tax hike may "kill it all"! In fact, the US economy is now 3.5% worse than at the beginning of 2019. To get back to the previous figures, it needs to expand 15% in Q4, which is practically impossible. The current president is to be blamed for that too, as anti-pandemic measures weren't taken in good time. People say a clever man admits his faults, a cunning man blames others, and a stupid man is proud of them. Sounds true.
The key-note of Donald Trump's presidency was looking for a scapegoat. It was either China or Jerome Powell. The president's opponents would keep silent, understanding what consequences return criticism may have. Joe Biden won't keep silent. He says recovery is slowing down or even standing still, while the current high GDP value doesn't help millions of ordinary Americans who have lost their jobs.

https://preview.redd.it/os6pk6vm28w51.jpg?width=1164&format=pjpg&auto=webp&s=b04eff9aac40e66083524f9bf71674d8d98c0a03
What frightens me the most is that the new US president is neither Trump nor Biden...but Alzheimer!
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/chatty-forex/dollars-farewell-performance-review-as-of-30102020/?uid=285861726&cid=62423
submitted by Maxvelgus to Finance_analytics [link] [comments]

No, the British did not steal $45 trillion from India

This is an updated copy of the version on BadHistory. I plan to update it in accordance with the feedback I got.
I'd like to thank two people who will remain anonymous for helping me greatly with this post (you know who you are)
Three years ago a festschrift for Binay Bhushan Chaudhuri was published by Shubhra Chakrabarti, a history teacher at the University of Delhi and Utsa Patnaik, a Marxist economist who taught at JNU until 2010.
One of the essays in the festschirt by Utsa Patnaik was an attempt to quantify the "drain" undergone by India during British Rule. Her conclusion? Britain robbed India of $45 trillion (or £9.2 trillion) during their 200 or so years of rule. This figure was immensely popular, and got republished in several major news outlets (here, here, here, here (they get the number wrong) and more recently here), got a mention from the Minister of External Affairs & returns 29,100 results on Google. There's also plenty of references to it here on Reddit.
Patnaik is not the first to calculate such a figure. Angus Maddison thought it was £100 million, Simon Digby said £1 billion, Javier Estaban said £40 million see Roy (2019). The huge range of figures should set off some alarm bells.
So how did Patnaik calculate this (shockingly large) figure? Well, even though I don't have access to the festschrift, she conveniently has written an article detailing her methodology here. Let's have a look.
How exactly did the British manage to diddle us and drain our wealth’ ? was the question that Basudev Chatterjee (later editor of a volume in the Towards Freedom project) had posed to me 50 years ago when we were fellow-students abroad.
This is begging the question.
After decades of research I find that using India’s commodity export surplus as the measure and applying an interest rate of 5%, the total drain from 1765 to 1938, compounded up to 2016, comes to £9.2 trillion; since $4.86 exchanged for £1 those days, this sum equals about $45 trillion.
This is completely meaningless. To understand why it's meaningless consider India's annual coconut exports. These are almost certainly a surplus but the surplus in trade is countered by the other country buying the product (indeed, by definition, trade surpluses contribute to the GDP of a nation which hardly plays into intuitive conceptualisations of drain).
Furthermore, Dewey (2019) critiques the 5% interest rate.
She [Patnaik] consistently adopts statistical assumptions (such as compound interest at a rate of 5% per annum over centuries) that exaggerate the magnitude of the drain
Moving on:
The exact mechanism of drain, or transfers from India to Britain was quite simple.
Convenient.
Drain theory possessed the political merit of being easily grasped by a nation of peasants. [...] No other idea could arouse people than the thought that they were being taxed so that others in far off lands might live in comfort. [...] It was, therefore, inevitable that the drain theory became the main staple of nationalist political agitation during the Gandhian era.
- Chandra et al. (1989)
The key factor was Britain’s control over our taxation revenues combined with control over India’s financial gold and forex earnings from its booming commodity export surplus with the world. Simply put, Britain used locally raised rupee tax revenues to pay for its net import of goods, a highly abnormal use of budgetary funds not seen in any sovereign country.
The issue with figures like these is they all make certain methodological assumptions that are impossible to prove. From Roy in Frankema et al. (2019):
the "drain theory" of Indian poverty cannot be tested with evidence, for several reasons. First, it rests on the counterfactual that any money saved on account of factor payments abroad would translate into domestic investment, which can never be proved. Second, it rests on "the primitive notion that all payments to foreigners are "drain"", that is, on the assumption that these payments did not contribute to domestic national income to the equivalent extent (Kumar 1985, 384; see also Chaudhuri 1968). Again, this cannot be tested. [...] Fourth, while British officers serving India did receive salaries that were many times that of the average income in India, a paper using cross-country data shows that colonies with better paid officers were governed better (Jones 2013).
Indeed, drain theory rests on some very weak foundations. This, in of itself, should be enough to dismiss any of the other figures that get thrown out. Nonetheless, I felt it would be a useful exercise to continue exploring Patnaik's take on drain theory.
The East India Company from 1765 onwards allocated every year up to one-third of Indian budgetary revenues net of collection costs, to buy a large volume of goods for direct import into Britain, far in excess of that country’s own needs.
So what's going on here? Well Roy (2019) explains it better:
Colonial India ran an export surplus, which, together with foreign investment, was used to pay for services purchased from Britain. These payments included interest on public debt, salaries, and pensions paid to government offcers who had come from Britain, salaries of managers and engineers, guaranteed profts paid to railway companies, and repatriated business profts. How do we know that any of these payments involved paying too much? The answer is we do not.
So what was really happening is the government was paying its workers for services (as well as guaranteeing profits - to promote investment - something the GoI does today Dalal (2019), and promoting business in India), and those workers were remitting some of that money to Britain. This is hardly a drain (unless, of course, Indian diaspora around the world today are "draining" it). In some cases, the remittances would take the form of goods (as described) see Chaudhuri (1983):
It is obvious that these debit items were financed through the export surplus on merchandise account, and later, when railway construction started on a large scale in India, through capital import. Until 1833 the East India Company followed a cumbersome method in remitting the annual home charges. This was to purchase export commodities in India out of revenue, which were then shipped to London and the proceeds from their sale handed over to the home treasury.
While Roy's earlier point argues better paid officers governed better, it is honestly impossible to say what part of the repatriated export surplus was a drain, and what was not. However calling all of it a drain is definitely misguided.
It's worth noting that Patnaik seems to make no attempt to quantify the benefits of the Raj either, Dewey (2019)'s 2nd criticism:
she [Patnaik] consistently ignores research that would tend to cut the economic impact of the drain down to size, such as the work on the sources of investment during the industrial revolution (which shows that industrialisation was financed by the ploughed-back profits of industrialists) or the costs of empire school (which stresses the high price of imperial defence)

Since tropical goods were highly prized in other cold temperate countries which could never produce them, in effect these free goods represented international purchasing power for Britain which kept a part for its own use and re-exported the balance to other countries in Europe and North America against import of food grains, iron and other goods in which it was deficient.
Re-exports necessarily adds value to goods when the goods are processed and when the goods are transported. The country with the largest navy at the time would presumably be in very good stead to do the latter.
The British historians Phyllis Deane and WA Cole presented an incorrect estimate of Britain’s 18th-19th century trade volume, by leaving out re-exports completely. I found that by 1800 Britain’s total trade was 62% higher than their estimate, on applying the correct definition of trade including re-exports, that is used by the United Nations and by all other international organisations.
While interesting, and certainly expected for such an old book, re-exporting necessarily adds value to goods.
When the Crown took over from the Company, from 1861 a clever system was developed under which all of India’s financial gold and forex earnings from its fast-rising commodity export surplus with the world, was intercepted and appropriated by Britain. As before up to a third of India’s rising budgetary revenues was not spent domestically but was set aside as ‘expenditure abroad’.
So, what does this mean? Britain appropriated all of India's earnings, and then spent a third of it aboard? Not exactly. She is describing home charges see Roy (2019) again:
Some of the expenditures on defense and administration were made in sterling and went out of the country. This payment by the government was known as the Home Charges. For example, interest payment on loans raised to finance construction of railways and irrigation works, pensions paid to retired officers, and purchase of stores, were payments in sterling. [...] almost all money that the government paid abroad corresponded to the purchase of a service from abroad. [...] The balance of payments system that emerged after 1800 was based on standard business principles. India bought something and paid for it. State revenues were used to pay for wages of people hired abroad, pay for interest on loans raised abroad, and repatriation of profits on foreign investments coming into India. These were legitimate market transactions.
Indeed, if paying for what you buy is drain, then several billions of us are drained every day.
The Secretary of State for India in Council, based in London, invited foreign importers to deposit with him the payment (in gold, sterling and their own currencies) for their net imports from India, and these gold and forex payments disappeared into the yawning maw of the SoS’s account in the Bank of England.
It should be noted that India having two heads was beneficial, and encouraged investment per Roy (2019):
The fact that the India Office in London managed a part of the monetary system made India creditworthy, stabilized its currency, and encouraged foreign savers to put money into railways and private enterprise in India. Current research on the history of public debt shows that stable and large colonies found it easier to borrow abroad than independent economies because the investors trusted the guarantee of the colonist powers.

Against India’s net foreign earnings he issued bills, termed Council bills (CBs), to an equivalent rupee value. The rate (between gold-linked sterling and silver rupee) at which the bills were issued, was carefully adjusted to the last farthing, so that foreigners would never find it more profitable to ship financial gold as payment directly to Indians, compared to using the CB route. Foreign importers then sent the CBs by post or by telegraph to the export houses in India, that via the exchange banks were paid out of the budgeted provision of sums under ‘expenditure abroad’, and the exporters in turn paid the producers (peasants and artisans) from whom they sourced the goods.
Sunderland (2013) argues CBs had two main roles (and neither were part of a grand plot to keep gold out of India):
Council bills had two roles. They firstly promoted trade by handing the IO some control of the rate of exchange and allowing the exchange banks to remit funds to India and to hedge currency transaction risks. They also enabled the Indian government to transfer cash to England for the payment of its UK commitments.

The United Nations (1962) historical data for 1900 to 1960, show that for three decades up to 1928 (and very likely earlier too) India posted the second highest merchandise export surplus in the world, with USA in the first position. Not only were Indians deprived of every bit of the enormous international purchasing power they had earned over 175 years, even its rupee equivalent was not issued to them since not even the colonial government was credited with any part of India’s net gold and forex earnings against which it could issue rupees. The sleight-of-hand employed, namely ‘paying’ producers out of their own taxes, made India’s export surplus unrequited and constituted a tax-financed drain to the metropolis, as had been correctly pointed out by those highly insightful classical writers, Dadabhai Naoroji and RCDutt.
It doesn't appear that others appreciate their insight Roy (2019):
K. N. Chaudhuri rightly calls such practice ‘confused’ economics ‘coloured by political feelings’.

Surplus budgets to effect such heavy tax-financed transfers had a severe employment–reducing and income-deflating effect: mass consumption was squeezed in order to release export goods. Per capita annual foodgrains absorption in British India declined from 210 kg. during the period 1904-09, to 157 kg. during 1937-41, and to only 137 kg by 1946.
Dewey (1978) points out reliability issues with Indian agriculutural statistics, however this calorie decline persists to this day. Some of it is attributed to less food being consumed at home Smith (2015), a lower infectious disease burden Duh & Spears (2016) and diversified diets Vankatesh et al. (2016).
If even a part of its enormous foreign earnings had been credited to it and not entirely siphoned off, India could have imported modern technology to build up an industrial structure as Japan was doing.
This is, unfortunately, impossible to prove. Had the British not arrived in India, there is no clear indication that India would've united (this is arguably more plausible than the given counterfactual1). Had the British not arrived in India, there is no clear indication India would not have been nuked in WW2, much like Japan. Had the British not arrived in India, there is no clear indication India would not have been invaded by lizard people, much like Japan. The list continues eternally.
Nevertheless, I will charitably examine the given counterfactual anyway. Did pre-colonial India have industrial potential? The answer is a resounding no.
From Gupta (1980):
This article starts from the premise that while economic categories - the extent of commodity production, wage labour, monetarisation of the economy, etc - should be the basis for any analysis of the production relations of pre-British India, it is the nature of class struggles arising out of particular class alignments that finally gives the decisive twist to social change. Arguing on this premise, and analysing the available evidence, this article concludes that there was little potential for industrial revolution before the British arrived in India because, whatever might have been the character of economic categories of that period, the class relations had not sufficiently matured to develop productive forces and the required class struggle for a 'revolution' to take place.
A view echoed in Raychaudhuri (1983):
Yet all of this did not amount to an economic situation comparable to that of western Europe on the eve of the industrial revolution. Her technology - in agriculture as well as manufacturers - had by and large been stagnant for centuries. [...] The weakness of the Indian economy in the mid-eighteenth century, as compared to pre-industrial Europe was not simply a matter of technology and commercial and industrial organization. No scientific or geographical revolution formed part of the eighteenth-century Indian's historical experience. [...] Spontaneous movement towards industrialisation is unlikely in such a situation.
So now we've established India did not have industrial potential, was India similar to Japan just before the Meiji era? The answer, yet again, unsurprisingly, is no. Japan's economic situation was not comparable to India's, which allowed for Japan to finance its revolution. From Yasuba (1986):
All in all, the Japanese standard of living may not have been much below the English standard of living before industrialization, and both of them may have been considerably higher than the Indian standard of living. We can no longer say that Japan started from a pathetically low economic level and achieved a rapid or even "miraculous" economic growth. Japan's per capita income was almost as high as in Western Europe before industrialization, and it was possible for Japan to produce surplus in the Meiji Period to finance private and public capital formation.
The circumstances that led to Meiji Japan were extremely unique. See Tomlinson (1985):
Most modern comparisons between India and Japan, written by either Indianists or Japanese specialists, stress instead that industrial growth in Meiji Japan was the product of unique features that were not reproducible elsewhere. [...] it is undoubtably true that Japan's progress to industrialization has been unique and unrepeatable
So there you have it. Unsubstantiated statistical assumptions, calling any number you can a drain & assuming a counterfactual for no good reason gets you this $45 trillion number. Hopefully that's enough to bury it in the ground.
1. Several authors have affirmed that Indian identity is a colonial artefact. For example see Rajan 1969:
Perhaps the single greatest and most enduring impact of British rule over India is that it created an Indian nation, in the modern political sense. After centuries of rule by different dynasties overparts of the Indian sub-continent, and after about 100 years of British rule, Indians ceased to be merely Bengalis, Maharashtrians,or Tamils, linguistically and culturally.
or see Bryant 2000:
But then, it would be anachronistic to condemn eighteenth-century Indians, who served the British, as collaborators, when the notion of 'democratic' nationalism or of an Indian 'nation' did not then exist. [...] Indians who fought for them, differed from the Europeans in having a primary attachment to a non-belligerent religion, family and local chief, which was stronger than any identity they might have with a more remote prince or 'nation'.

Bibliography

Chakrabarti, Shubra & Patnaik, Utsa (2018). Agrarian and other histories: Essays for Binay Bhushan Chaudhuri. Colombia University Press
Hickel, Jason (2018). How the British stole $45 trillion from India. The Guardian
Bhuyan, Aroonim & Sharma, Krishan (2019). The Great Loot: How the British stole $45 trillion from India. Indiapost
Monbiot, George (2020). English Landowners have stolen our rights. It is time to reclaim them. The Guardian
Tsjeng, Zing (2020). How Britain Stole $45 trillion from India with trains | Empires of Dirt. Vice
Chaudhury, Dipanjan (2019). British looted $45 trillion from India in today’s value: Jaishankar. The Economic Times
Roy, Tirthankar (2019). How British rule changed India's economy: The Paradox of the Raj. Palgrave Macmillan
Patnaik, Utsa (2018). How the British impoverished India. Hindustan Times
Tuovila, Alicia (2019). Expenditure method. Investopedia
Dewey, Clive (2019). Changing the guard: The dissolution of the nationalist–Marxist orthodoxy in the agrarian and agricultural history of India. The Indian Economic & Social History Review
Chandra, Bipan et al. (1989). India's Struggle for Independence, 1857-1947. Penguin Books
Frankema, Ewout & Booth, Anne (2019). Fiscal Capacity and the Colonial State in Asia and Africa, c. 1850-1960. Cambridge University Press
Dalal, Sucheta (2019). IL&FS Controversy: Centre is Paying Up on Sovereign Guarantees to ADB, KfW for Group's Loan. TheWire
Chaudhuri, K.N. (1983). X - Foreign Trade and Balance of Payments (1757–1947). Cambridge University Press
Sunderland, David (2013). Financing the Raj: The City of London and Colonial India, 1858-1940. Boydell Press
Dewey, Clive (1978). Patwari and Chaukidar: Subordinate officials and the reliability of India’s agricultural statistics. Athlone Press
Smith, Lisa (2015). The great Indian calorie debate: Explaining rising undernourishment during India’s rapid economic growth. Food Policy
Duh, Josephine & Spears, Dean (2016). Health and Hunger: Disease, Energy Needs, and the Indian Calorie Consumption Puzzle. The Economic Journal
Vankatesh, P. et al. (2016). Relationship between Food Production and Consumption Diversity in India – Empirical Evidences from Cross Section Analysis. Agricultural Economics Research Review
Gupta, Shaibal (1980). Potential of Industrial Revolution in Pre-British India. Economic and Political Weekly
Raychaudhuri, Tapan (1983). I - The mid-eighteenth-century background. Cambridge University Press
Yasuba, Yasukichi (1986). Standard of Living in Japan Before Industrialization: From what Level did Japan Begin? A Comment. The Journal of Economic History
Tomblinson, B.R. (1985). Writing History Sideways: Lessons for Indian Economic Historians from Meiji Japan. Cambridge University Press
Rajan, M.S. (1969). The Impact of British Rule in India. Journal of Contemporary History
Bryant, G.J. (2000). Indigenous Mercenaries in the Service of European Imperialists: The Case of the Sepoys in the Early British Indian Army, 1750-1800. War in History
submitted by GaslightEveryone to u/GaslightEveryone [link] [comments]

Which Are Your Top 5 Platforms Out Of The Top100? An Analysis.

There are currently a lot of platforms, more specifically, there are 35 platforms within the Top100 only and many do very similar things. How is one supposed to know how they differ? That was the question that I asked myself.
So, I decided to compare all platforms within the Top100. I noticed that they can be put into into 5 different categories. Note: A platform is a cryptocurrency that offers smart contracts at least.
  1. Dapps platforms - 12
  2. BaaS - 11
  3. Liquidity - 2
  4. Misc - 7
  5. Behemoths -3
Here are all platforms in an excel spread sheet in their categories with a description: https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=268170779
In order to find out which one is the best platform in each market currently and made sure to be strict with every platform and point out their flaws.
Let's look at the 5 markets.

1) Dapps platforms

Dapps platforms are definitely a solid bet for the next years. Besides Ethereum, Neo, EOS and Stellar are probably the most known here, however, all 4 are simply extremely centralized and would need to completely change their architecture to become more decentralized. Until that happens, none of these platform can really be considered as a platform with good technology, since everyone can achieve high scalability by letting a few hundred nodes do the consensus algorithm. There is nothing difficult about that. The difficulty is achieving several million TPS with 100,000 nodes deciding consensus.
Cardano, Aeternity are the only ones that seem to be able to maintain excellent decentralization with high scalability, because they scale through side-chains/horizontally.
All platforms considered, Ethereum seems to be on the way there as well with its change to Casper.
  1. Cardano has a great team, has probably the most secure PoS that was peer-reviewed in a scientific approach, has their mainnet launched, has near infinite scalability through sidechains and offers broad usability of Smart contracts in a number of programming languages.
  2. Ethereum is a 2nd generation blockchain that allows the use of smart contracts and dapps on a smaller scope. Ethereum currently has bad scalability, though this concern could be alleviated by the soon to be implemented Sharding concept and its new PoS/PoW consensus algorithm Casper. Still, there are platforms with much more comprehensive dapp ecosystems, and much more scalability. However, Ethereum just closed a partnership with AWS. This is probalby the biggest partnership in the cryptosphere. Though, in order to be better than any of the top 3 platforms, it would need to provide Oracles, a lot more functionality for dapps, partnerships, decentralized data storage, cloud computing.
  3. Neblio is similar to NEO and a good platform, though it has a much smaller market cap.
  4. EOS has high scalability, though is much more centralized than Skycoin, Elastos and Cardano. However, it offers a lot of functionality for Dapps. EOS is overhyped. It is on the same level as Neblio, Neo, Aeternity, but not on the same level as Skycoin, Elastos, IOTA, Cardano.
  5. NEO is a very established platform in this category.However, Neo dapps scale on-chain and can thus clog the network quickly. For that reason, NEO had to pick a very centralized approach to maintain scalability and it looking to rely on hand-picked nodes to maintain scalability in the future, very similar to EOS also very centralized approach of 121 handpicked nodes.
  6. Stellar has similar goals as Ripple, only that it is more a platform than only a currency, so it does offer more functionality. . Stellar uses Byzantine Fault Tolerance in the consensus protocol, which ensures secure consensus can be reached (moving the blockchain forward) even if a large percentage of nodes are disabled or acting dishonestly. It also helps keep nodes distributed. Stellar is a good platform with tight involvement with banks. While it doesn't have as much functionality as all above platforms, it can probably carve out its niche by doing really good business with banks.
  7. Aeternity: We’ve seen recently, that it’s difficult to scale the execution of smart contracts on the blockchain. Crypto Kitties is a great example. Something as simple as creating and trading unique assets on Ethereum bogged the network down when transaction volume soared. Ethereum and Zilliqa address this problem with Sharding. Aeternity focuses on increasing the scalability of smart contracts and dapps by moving smart contracts off-chain. Instead of running on the blockchain, smart contracts on Aeternity run in private state channels between the parties involved in the contracts. State channels are lines of communication between parties in a smart contract. They don’t touch the blockchain unless they need to for adjudication or transfer of value. Because they’re off-chain, state channel contracts can operate much more efficiently. They don’t need to pay the network for every time they compute and can also operate with greater privacy. An important aspect of smart contract and dapp development is access to outside data sources. This could mean checking the weather in London, score of a football game, or price of gold. Oracles provide access to data hosted outside the blockchain. In many blockchain projects, oracles represent a security risk and potential point of failure, since they tend to be singular, centralized data streams. Aeternity proposes decentralizing oracles with their oracle machine. Doing so would make outside data immutable and unchangeable once it reaches Aeternity’s blockchain. Of course, the data source could still be hacked, so Aeternity implements a prediction market where users can bet on the accuracy and honesty of incoming data from various oracles.It also uses prediction markets for various voting and verification purposes within the platform. Aeternity’s network runs on on a hybrid of proof of work and proof of stake. Founded by a long-time crypto-enthusiast and early colleague of Vitalik Buterin, Yanislav Malahov.
  8. IOST: To improve speed and scalability, IOStoken uses a Proof of Believability consensus mechanism eliminating the need for an energy-hungry proof-of-work protocol, which stands as a barrier to blockchain scaling up for widespread adoption. With this system, a node is validated based on its past contributions and behaviors. Moreover, to increase fairness and to most fully embrace the decentralized nature of the blockchain, IOS uses a “fairness” algorithm that randomly distributes data to various nodes. It’s intended to support service-oriented goods and services with large customer bases. Decentralized applications and smart contracts, the hallmarks of blockchain platforms, are a priority for IOS as well.
  9. Request Network: Req payments can be used for online purchases, business to business invoices, escrow, advanced payments and eventually IoT payments between machines. Other than payments, the Request Network is also tackling auditing and budget transparency. Businesses have the ability to track invoices to audit payments as well as record transactions for accounting purposes. Governments, nonprofits, and other organizations can also use Request to bring transparency to their budget and expenditures.
  10. Rchain: Similar to Ethereum with smart contracts, though much more scalable at an expected 40,000 TPS and possible 100,000 TPS. However, Rchain has not launched ye..
  11. Ziliqa: Zilliqa is building a new way of sharding, so that 10,000 tps are soon possible by being linearly scalable with the number of nodes. That means, the more nodes, the faster the network gets. They are looking at implementing privacy as well.Rchain is an ok platform.
  12. Ethereum classic is the original Ethereum that decided not to fork after a hack for philosophical reasons. The Ethereum that we know is its fork.

2) BaaS (Blockchain-as-a-Service)

BaaS take a different route to adoption than mere Dapps platforms. They are also dapp platforms, but focus on businesses (B2B) instead of end-users (B2C) within the cryptosphere. They sell their blockchain services to companies, who then can build their own customizable blockchain as a side-chain to the BaaS without hassle and worry about technology or blockchain architecture. This is all handled by the BaaS company already and the customer only needs to change a few variables and they have their own blockchain. Side-chains are interesting, because they allow virtually infinite scaling, since there can be an infinite number of side-chains that only communicate with the main-chain occasionally and handle the majority of transactions on their own chain. This is also called horizontal scaling.
The success of a BaaS platform largely depends on its ability to close partnerships to sell to large businesses and having the best usability. The more contracts they can sell to businesses and institutions, the more valuable it will be. For that reason, the BaaS with the best ability to form partnerships and do sales will win this market. Technology isn't as important here. Of course, the platform has to work without bugs, but having a platform with outstanding technology, average usability and average marketing will lose against a platform with average technology, great usability and great marketing.
  1. VeChain is a Singapore-based project that’s building a business enterprise platform and inventory tracking system. . While it is not really competing with the above mentioned platforms, any of them can build supply management tools into their platform and compete with VeChain. However, VeChain has very strong partnerships. This gives them some protection of any of the above mentioned entering the market. Examples are verifying genuine luxury goods and food supply chains. VeChain has one of the strongest communities in the crypto world. If you are looking for something more high risk, high return, have a look into Ambrosus and Devery(Eve). Both also seem to be good at building partnerships, which is the most important characteristic for a supply chain platform required to succeed.
  2. Icon is called the Korean Ethereum. However, it specializes more on building customizable blockchains for banks, insurance providers, hospitals, and universities, since it's a BaaS. Icon has a focus on on ID verification and payments. Icon is ery close behind Vechain, because with Samsung and Line.
  3. WTC is a supply chain management platform, similar to Vechain, however, with fewer partnerships.
  4. Komodo’s open-source platform is for doing transparent, anonymous, private, and fungible transactions. They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol and decentralized crowdfunding (ICO) platform to remove middlemen from project funding. Offers services for startups to create and manage their own Blockchains. While it doesn't have as many partnerships as other BaaS, it is the only BaaS that offers privacy so far. However, that's. it such a bug competitive advantage, since it can be replicated rather swiftly.
  5. NEM: The NEM blockchain powers what they call the Smart Asset System. This system is intended to be an open, customizable blockchain solution for any number of use cases built on top of simple, powerful API calls. NEM started as a NXT fork and introduced a new consensus mechanism called Proof of Importance (PoI), designed to reward users’ contribution to the XEM community. It is roughly based on proof-of-stake, but it also reflects how active a user is in transacting with other users. POW rewards powerful computers and also requires excessive amounts of energy. POS gives an unfair advantage to coin hoarders. The more coins they keep in their accounts, the more they earn, meaning that the rich get richer and everyone has an incentive to save coins instead of spending them.
  6. Ark is a fork of Lisk, which is doubling down on a smaller feature set than Lisk. Ark is a good BaaS, though it doesn't have many partnerships. Furthermore, they haven't launched their platform yet.
  7. Dragonchain: The Purpose of DragonChain is to help companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain – increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc. Dragonchain is a good BaaS, though it doesn't have many partnerships. However, it was funded by Disney, so it might be able to get partnerships more easy.
  8. LISK: Lisk's difference to other BaaS is that side chains are independent to the main chain and have to have their own nodes. Similar to neo whole allows dapps to deploy their blockchain too. Lisk is a good BaaS, though it doesn't have many partnerships. Furthermore, they haven't launched their platform yet.
  9. Stratis: Different to LISK, Stratis will allow businesses and organizations to create their own blockchain according to their own needs, but secured on the parent Stratis chain. Stratis’s simple interface will allow organizations to quickly and easily deploy and/or test blockchain functionality of the Ethereum, BitShares, BitCoin, Lisk and Stratis environements.Stratis is similar to Lisk, but also doesn't have many partnerships
  10. ARDR: Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ‘light’ blockchain that can be customized to a certain extent, is designed to allow easy self-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor). This is the chief innovation of Ardor. Ardor was evolved from NXT by the same company. NEM started as a NXT clone.
  11. Bytom: Bytom is an interactive protocol of multiple financial assets ( digital currency, digital assets warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.

3) Liquidity

There are really only 2 platforms in the Liquidity market, albeit the Liquidity market could be one of the biggest markets with insitutional investors entering the cryptoworld soon, since there is very little liquidity in Bitcoin. For example, say a pension fund wants to buy or sell $10B in Bitcoins. No single exchange has that many Bitcoins available and it would wreak havoc on the market. This wouldn't be a problem with Liquidity platforms, since they pull all order books together and back up market liquidity with FIAT money among other things.
  1. QASH is used to fuel its liquid platform which will be an exchange that will distribute their liquidity pool. Its product, the Worldbook is a multi-exchange order book that matches crypto to crypto, and crypto to fiat and the reverse across all currencies. E.g., someone is selling Bitcoin is USD on exchange1 not owned by Quoine and someone is buying Bitcoin in EURO on exchange 2 not owned by Quoine. If the forex conversions and crypto conversions match then the trade will go through and the Worldbook will match it, it'll make the sale and the purchase on either exchange and each user will get what they wanted, which means exchanges with lower liquidity if they join the Worldbook will be able to fill orders and take trade fees they otherwise would miss out on.They turned it on to test it a few months ago for an hour or so and their exchange was the top exchange in the world by 4x volume for the day because all Worldbook trades ran through it. Binance wants BNB to be used on their one exchange. Qash wants their QASH token embedded in all of their partners. More info here https://www.reddit.com/CryptoCurrency/comments/8a8lnwhich_are_your_top_5_favourite_coins_out_of_the/dwyjcbb/?context=3Qash is doing something completely different as the above mentioned. It offers liquidity in an illiquid market. Sell shovels during a gold rush.
  2. Loopring is similar to Qash, only that it functions as a dezentralized exchange, while QASH is more of an API without a user interface. It is a protocol that will enable higher liquidity between exchanges and personal wallets by pooling all orders sent to its network and fill these orders through the order books of multiple exchanges. When using Loopring, traders never have to deposit funds into an exchange to begin trading. Even with decentralized exchanges like Ether Delta, IDex, or Bitshares, you’d have to deposit your funds onto the platform, usually via an Ethereum smart contract. But with Loopring, funds always remain in user wallets and are never locked by orders. This gives you complete autonomy over your funds while trading, allowing you to cancel, trim, or increase an order before it is executed.

4) Misc

These are platforms that are focused on a specialized functionality
  1. Nebulas: Similar to how google indexes webpages Nebulas will index blockchain projects, smart contracts & data using the Nebulas rank algorithm that sifts & sorts the data. Developers rewarded NAS to develop & deploy on NAS chain. Nebulas calls this developer incentive protocol – basically rewards are issued based on how often dapp/contract etc. is used, the more the better the rewards and Proof of devotion. Works like DPoS except the best, most economically incentivised developers (Bookkeepers) get the forging spots. Ensuring brains stay with the project (Cross between PoI & PoS). 2,400 TPS+, DAG used to solve the inter-transaction dependencies in the PEE (Parallel Execution Environment) feature, first crypto Wallet that supports the Lightening Network.Nebulas is the only one doing what it's doing. This makes them very unique and a good investment.
  2. Centrality is a decentralized market place for dapps that are all connected together on a blockchain-powered system. Centrality aims to allow businesses to work together using blockchain technology. With Centrality, startups can collaborate through shared acquisition of customers, data, merchants, and content. That shared acquisition occurs across the Centrality blockchain, which hosts a number of decentralized apps called Scenes. Companies can use CENTRA tokens to purchase Scenes for their app, then leverage the power of the Centrality ecosystem to quickly scale. Some of Centrality's top dapps are, Skoot, a travel experience marketplace that consists of a virtual companion designed for free independent travelers and inbound visitors, Belong, a marketplace and an employee engagement platform that seems at helping business provide rewards for employees, Merge, a smart travel app that acts as a time management system, Ushare, a transports application that works across rental cars, public transport, taxi services, electric bikes and more. All of these dapps are able to communicate with each other and exchange data through Centrality. Centrality is the only one doing what it's doing. This makes them very unique and a good investment.
  3. Salt: Leveraging blockchain assets to secure cash loans. Plans to offer cash loans in traditional currencies, backed by your cryptocurrency assets. Allows lenders worldwide to skip credit checks for easier access to affordable loans.Salt is a good lending platform. However, there is also Elixir, a better investment with a 30x smaller market cap, but also strong technology. Elixir has such a low market cap, because they didn't have an ICO and they only focused on development and no marketing. As of last week, they started marketing.
  4. Aion: Today, there are hundreds of blockchains. In the coming years, those hundreds will become thousands and—with ,widespread adoption by mainstream business and government—millions. Blockchains don’t talk to each other at all right now, they are like the PCs of the 1980s. The Aion network is able to support custom blockchain architectures while still allowing for cross-chain interoperability by enabling users to exchange data between any Aion-compliant blockchains by making use of an interchain framework that allows for messages to be relayed between blockchains in a completely trust-free manner.
  5. Waves is a decentralized exchange and crowdfunding platform by letting companies and projects to issue and manage their own digital coin tokens to raise money.
  6. ChainLink is a decentralized oracle service, the first of its kind. Oracles are defined as an ‘agent’ that finds and verifies real-world occurrences and submits this information to a blockchain to be used in smart contracts.With ChainLink, smart contract users can use the network’s oracles to retrieve data from off-chain application program interfaces (APIs), data pools, and other resources and integrate them into the blockchain and smart contracts. Basically, ChainLink takes information that is external to blockchain applications and puts it on-chain. The difference to Aeternity is that Chainlink deploys the smart contracts on the Ethereum blockchain. Chainlink's main functionality is oracles, a functionality also offered by IOTA.
  7. QTUM: Smart Contracts on the Bitcoin blockchain. QTUM is a smart contracts for BTC, a very niche market. Furthermore, BTC might offer smart contracts itself soon and make QTUM obsolete. Hopefully QTUM will expand into more smart contracts functionality to become relevant again.
Nebulas with Indexing the Blockchain world and Salt with Lending are probably the 2 most interesting platforms here. Nebulas doesn't have a single competitor, though there are several competitors to Salt with a much smaller market cap and with similar development progress, ELIX.

5) Behemoths

There are 3 platforms that have not been discussed yet. However, they can do most what the above platforms can do and have the potential to steal the market of all above mentioned platforms. That's why I call them behemoths.
1.) Skycoin :Skycoin is building what Pied Piper is building in the series HBO's Silicon Valley, a completely decentralized internet that is not run by ISPs, but by IoT devices, making telecom providers like Comcast, ISPs who can control bandwith, cost, net neutrality, filters, access etc. obsolete and completely decentralize them. Skycoin offers what 36 coins are offering:
  1. 12 Scalable Currency (Bitcoin, Ripple, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Nano, Bitcoin Diamond, Dogecoin, Digibyte, Decred, Bitcoin Atom)
  2. 10 Smart Contract and Dapps platforms (Cardano, Ethereum, Neblio, EOS, Stellar, Neo, Rchain, IOST, Ziliqa, Eth classic)
  3. 10 BaaS (VeChain, Icon, WTC, Ontology, Komodo, NEM, Ark, Dragonchain, LISK, Stratis).
  4. 4 Decentralized Storage (Siacoin, Maidsafe, Gybte, Storj)
If you think that the decentralized Internet will blow all other markets out of the water and will be the biggest invention of this decade, then Skycoin is your pick, because covers that and what 27 coins do.
2.) IOTA: With the launch of Q 1 week ago, IOTA is about to offer what 27 platforms within the Top 100 are offering (!) and they are probably looking to replace several more.
  1. 12 Scalable Currency (Bitcoin, Ripple, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Nano, Bitcoin Diamond, Dogecoin, Digibyte, Decred, Bitcoin Atom.)
  2. 10 Smart Contract and Dapps platforms (Cardano, Ethereum, Neblio, EOS, Stellar, Neo, Rchain, IOST, Ziliqa, Eth classic)
  3. 2 Oracles (Aeternity, ChainLink)
  4. 3 Outsourced Cloud Computing (DBC, Aelf, Golem)
IOTA is at the same level as Skycoin and Elastos. However, SKY's flagship product is the Decentralized Internet and ELA's is the most comprehensive dapps operating system in the cryptosphere, which IOTA cannot really replicate in the near future, because it takes years of reseach and development. This protects ELA and SKY from IOTA for now.
However, it looks like IOTA can snatch up all the smaller, easier to replicate markets, such as cloud computing, oracles, smart contracts, decentralized storage, currency exchange and soon possibly also supply chain management, BaaS functionality, privacy, security identification since none of those are really hard to build. However, Skycoin and Elastos will probably focus on their flagships and leave IOTA to scoop up all the rest. It will be an interesting year.
3.) Elastos started out as a mobile operating system 18 years ago and has now moved towards a smart contracts platform, operating system and a runtime environment for Dapps. Thanks to side-chains they are near infinitely scalable and is thus also very decentralized. Elastos is offering what 36 coins are offering
  1. 12 Scalable Currency (Bitcoin, Ripple, Bitcoin Cash, Litecoin, Dash, Bitcoin Gold, Nano, Bitcoin Diamond, Dogecoin, Digibyte, Decred, Bitcoin Atom.)
  2. 10 Smart Contract and Dapps platforms (Cardano, Ethereum, Neblio, EOS, Stellar, Neo, Rchain, IOST, Ziliqa, Eth classic)
  3. 10 BaaS (VeChain, Icon, WTC, Ontology, Komodo, NEM, Ark, Dragonchain, LISK, Stratis).
  4. 4 Decentralized Storage (Siacoin, Maidsafe, Gybte, Storj)
If you are very convinced that BaaS solutions and dapps platforms will be the big winners for 2018, then Elastos is your pick as far as I can see, because it is probably the best BaaS and dapps platform with near infinite scalability and the best decentralization and thus does what 32 coins do.
3 Closing Questions
All of the above findings leave me with those 3 questions. What are your thoughts?
  1. Why invest in any of Dapps platforms (Cardano, Neblio, EOS, Stellar, Neo, Aeternity, Rchain, IOST, Ziliqa, Ethereum, Eth classic) when Elastos and Skycoin do everything they do, are much more decentralized and scalable through side-chain/off-chain/horizontal scaling and offer lots more functionality beyond that?
  2. Why invest in any BaaS (Ontology, Komodo, NEM, Ark ,Dragonchain, LISK, Stratis, ARDR) if ICX and VeChain offer everything what all of the above offer and already have 10x more partnerships than their competitors?
  3. It looks like out of all 35 platforms, only 5 are really strong: IOTA, Skycoin, Elastos, VeChain, ICX. While the first 3 seem to cover already almost half of the top 100, the last 2 really convince in the partnership department. What's the argument for investing in any of the 30 other platforms? Maybe that they can specialise on a specific feature set, however, is this really a convincing argument? The cryptoworld is harsh and if you can't keep up with competition, you'll be moved out of the market quickly.
submitted by galan77 to CryptoMarkets [link] [comments]

The Chinese New Year's effect on the Markets

新年快樂!
Chinese new year is upon us. It started last month, but is officially celebrated this year from Feb 15- Feb 22. So what does that mean for the markets when the second largest economy in the world goes on a week long holiday? Check it out.
SHORT TERM
The biggest short term hit, as in this week is two fold:
LONG TERM
Long term started back in December: laborers laid off, increasing central liquidity issues, decreased exports. As well, be prepared for the move out next week - slow restart to production, loss of staff as migrant/temp workers don't return to work.
Genimex’s rough timeline for Chinese New Year 2018 also demonstrates how long the effects of the holiday can last:
A good read is here: https://www.ig.com/au/trading-opportunities/2018/01/29/how-does-chinese-new-year-affect-markets--41848
And here's something for those who like good economic science and research: https://www.researchgate.net/publication/265799068_Chinese_New_Year_Effects_on_Stock_Returns_Evidence_from_Asia-Pacific_Stock_Markets
Enjoy!
submitted by El_Huachinango to thewallstreet [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestCrypto [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestmentBanking123 [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestInIdeas [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestFeed [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestInme [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to investing_discussion [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to STOCKMARKETNEWS [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to Investing101 [link] [comments]

3 Apps Every Forex Trader Needs To Be Successful - YouTube How to analyse Forex trading charts - Technical Analysis ... 15 Year Old Forex Trader Reads Chart Like a Pro & Reveals ... FOREX  WHEN TO ENTER AND EXIT A TRADE  90% ACCURATE ... $0 to $300k Trading Forex Without a MLM  MUST WATCH - YouTube 17 Year Old Forex Trader Turns £2,800 into £150,000 in ... How I Learned To Trade Forex In 1 Week - YouTube How I Mastered Forex In 1 Year - YouTube New Year, Same Market (For Now) - YouTube

The New Year's holiday will not be the only break in trading in January. The next big holiday coming up is Martin Luther King Jr. Day on Monday Jan. 21, which will also see a stock market closure. Here is what you need to know on Tuesday, December 31, New Year's Eve: The US dollar remains on the back foot amid end-of-year positioning and optimis Trading Forex, Trade, Forex Online, What Is Forex Trading, Forex Trading Tutorial, mt4, Online, Currency Market, FX Forex, Forex Calendar, Forex Live Trading bitcoin with Forex brokers on New Year’s eve will have early close at 6:00 pm UK time depending on broker’s liquidity providers; Free Forex Signals on AtoZMarkets will not have any limitation, you can subscribe and receive daily Free Bitcoin and Forex Signals. Wednesday, 1 January 2020 . FOREX trading will be closed for the New Years day; Commodities trading will be closed for the ... We inform you of schedule changes due to the Christmas and New Year’s eve celebration! FOREX MARKET. 25-12-2017 and 01-01-2018 Forex Market will be closed due to the celebration of Christmas. There will be the following changes in the trading schedule: On 25/12/2017, the market will close at 00:00 and open on 26/12/2017 at 01:00 (MT time) We inform you of schedule changes due to the Christmas and New Year’s eve celebration! FOREX MARKET. 25-12-2017 and 01-01-2018 Forex Market will be closed due to the celebration of Christmas. There will be the following changes in the trading schedule: On 25/12/2017, the market will close at 00:00 and open on 26/12/2017 at 01:00 (MT time) Forex trading is available 24 hours a day from 9:00pm GMT (10:00pm BST) until 9:00pm GMT (10:00pm BST) on Friday, including most U.S. holidays. Please be advised of the potential for illiquid market conditions particularly at the open of the trading week. These conditions may result in wider spreads for some currency pairs based on market liquidity.

[index] [3511] [19077] [5451] [484] [8761] [26183] [28059] [10797] [27564] [26839]

3 Apps Every Forex Trader Needs To Be Successful - YouTube

Former College Basketball Player Broke to $300k in a Year Trading Forex! GANG! Not $0 to $300k in ONE YEAR. It means I went from being broke to MAKING $300k ... https://tradingnut.com/philp-blom/ - Click for Full Interview/Podcast https://tradingnut.com/trading-robots/?r=yt - Try Cam's Trading Robot for FREE https://... SwissForex- https://apps.apple.com/us/app/swiss-forex/id333209903 ForexWatch- https://apps.apple.com/us/app/forex-watch/id1179976600 CryptoPro- https://apps.... This video shows how simple it is to analyse a Forex chart, with a USDJPY example we execute a top down analysis using strictly tools and price action. This ... Check out this video short so you have an idea of what forex is if you don't already: https://www.youtube.com/watch?v=NhFlqFVBmxc Disclamier: Trading foreign... How I Mastered Forex In 1 Year In this video Jay Wayne shows you what it takes to be successful in trading forex. In 1 year he was able to make 15K from a $3... Market acting about same in January thus far as in December Liquidation breaks continue to strengthen the market Overnight highs continue to signal further g... Forex Trade With Us http://bit.ly/2EYIbgIEmail: [email protected] I use https://bit.ly/35kgYkcP.S MY INSTAGRAM IS GONE NOW SO IF SOMEBODY WRITES ... Learn More. You're signed out. Videos you watch may be added to the TV's watch history and influence TV recommendations. To avoid this, cancel and sign in to YouTube on your computer. Cancel ...

http://binary-optiontrade.lismenesluvake.tk