The European Central Bank (ECB) is expected to keep its Interest Rate at 0.00%, its Deposit Facility Rate at -0.40% and its Marginal Lending Facility Rate at 0.25%. Many analysts don’t expect an increase in interest rates out of the ECB until September 2019 at the earliest. The press conference by ECB President Mario Draghi will be closely followed as the ECB is facing a series of headwinds as it is winding down its quantitative easing program. No changes is predicted in its current target to exit QE by December. The words Draghi will choose...
I am glad to see all my loyal readers back for the very exciting Part 4 of my Bitcoin - Forex Combo Strategy and also happy to welcome my new readers. Over the past three parts I have showed you step-by-step how I grew my initial 2.5 Bitcoins which I received on October 12th 2017 at $5,000 each into 72 Bitcoins which I bought at $6,000 each on June 28th 2018. Bitcoin as well as the entire cryptocurrency sector has entered a meltdown over the same period and while many held on to the coins, hoping for a turnaround, I created a strategy which...
A lot of attention is reserved for the big currencies which are heavily traded. Coverage of events which directly impact the US Dollar, the Euro, the Japanese Yen, the British Pound and the Swiss Franc is ample. The Chinese Yuan is also receiving a great deal of attention, especially amid the US-China trade war and a potential change by the US Treasury in how it defines a currency manipulator after it stopped short of labeling China one just last week in its semi-annual assessment. One fact many tend to ignore are minor currencies and so...
The Foreign Exchange Market, also called Forex (FX), is the global market for currency trading. With a daily volume of more than $5 trillion, it is the biggest and most exciting financial market in the world. Basically, the Forex market is where banks, businesses, governments, investors, and traders come to exchange and speculate on currencies. The smaller part of forex trading is called the retail or individual forex market, and anybody can trade this market with as little as $100 due to the existence of retail forex brokers. Forex trading...
In today’s information age a lot of people adopted a get-rich quick mentality. Regardless of how often they have been warned that the only thing that will happen to them quick is a total loss of money, time and maybe even hope for a better future. In a growing number of cases this has even led to depressions, mood changes and other adverse effects. This is not a laughing matter as it can also drive away your loved ones and really ruin your life. Looking at most rich individuals, keep in mind that it took time to amass fortunes. Then Bitcoin...
