the marketplace right here are the top five things you want to recognize in financial markets on Wednesday, August 23

Top 5 matters TO recognize in the marketplace ON WEDNESDAY

Top 5 matters TO recognize in the marketplace ON WEDNESDAY

the marketplace right here are the top five things you want to recognize in financial markets on Wednesday, August 23

the marketplace right here are the top five things you want to recognize in financial markets on Wednesday, August 23:

1. Trump in marketplace focus on various fronts

Markets endured to hold watch over U.S. President Donald Trump on numerous fronts whilst a report that his top aides and congressional leaders had made huge progress on coming to an agreement over a way to pay for tax cuts to both individuals and organizations become well acquired by way of U.S. shares on Tuesday.

moreover, Trump raised the threat of a government shutdown to meet a marketing campaign pledge of building a wall on the U.S.-Mexican border.

At a rally with his supporters in Phoenix overdue Tuesday, Trump mentioned his vow to construct a wall on the border with Mexico and stated, “If we have to near down the government, we are constructing that wall.”



the marketplace

The feedback over the notion of the looming authorities shutdown, put downward strain at the dollar. The U.S. dollar index, which measures the dollar’s strength in opposition to a exchange-weighted basket of six primary currencies, slipped zero.06% at 93.36 through 5:54AM ET (nine:54GMT).

furthermore, Trump also recommended that he may terminate the NAFTA trade treaty with Mexico and Canada after three-manner talks failed to bridge deep differences.

“I assume we’ll probably grow to be terminating NAFTA sooner or later,” Trump stated on the political rally.

2. international manufacturing statistics indicates resilience, U.S. analyzing on faucet

Wednesday’s data on production pastime during August confirmed strong personal sector increase on a global level.

Japan’s production shopping managers’ index (PMI) showed a quicker-than-expected enlargement in August, even as euro region production agencies clocked their nice month of increase in six-and-a-1/2 years, led by means of a robust overall performance in Germany.

IHS Markit will launch its initial PMI readings for the U.S. manufacturing and offerings sectors at 9:45AM ET (13:45).

buyers will even digest U.S. information on new home income in July at 10:00AM ET (14:00GMT).

3. Draghi avoids policy recommendations beforehand of Jackson hollow

european critical bank president Mario Draghi prompt clear of any connection with the future route in euro region monetary policy in a speech at the opening ceremony of sixth Lindau assembly on financial Sciences in Lindau, Germany on Wednesday, focusing rather at the want for lively studies in regards to unconventional financial policies.

Wednesday’s speech came beforehand of the yearly assembly of top crucial bankers and economists hosted by using the Federal Reserve bank of Kansas city in Jackson hollow, Wyoming, set to take place from Thursday to Saturday, with keynote speeches from Federal Reserve chair Janet Yellen and Draghi in the highlight.

even though their comments might be closely watched for clean policy alerts from the sector’s two most powerful crucial banks, expectancies for recommendations on foremost coverage shifts are low.

“If the Draghi speech in Lindau is any appetizer for Jackson hole, there’s no need for ECB watchers to cancel any Friday evening plans,” ING chief economist Carsten Brzeski commented on Wednesday.

four. risk appetite wavers ahead of vital bankers

despite wonderful readings on factory growth within the personal quarter international on Wednesday, shares registered mixed reactions as eyes endured to attention on U.S. policies and buyers waited for clues on the destiny course of financial coverage at the global accumulating of primary bankers in Jackson hole.

U.S. futures pointed to a decrease open as buyers took income after the Dow registered its biggest bounce on account that April in the prior consultation. At 5:55AM ET (nine:55GMT) Wednesday, the blue-chip Dow futures fell 34 factors, or 0.15%, S&P 500 futures misplaced 6 factors, or zero.23% whilst the Nasdaq one hundred futures traded down 11 factors, or zero.19%.

some other place, eu shares traded mixed with media shares putting downward pressure on the primary benchmarks after advertising massive WPP (LON:WPP) after it cut sales forecasts on weakening call for.

earlier, Asian equities closed mixed in cautious alternate ahead of the gathering of principal bankers. Hong Kong remained closed due to storm Hato.

five. Oil trades lower on bearish bets for inventories

Oil costs edged lower on Wednesday, amid speculation weekly supply statistics due later in the session will display a gain in U.S. fuel inventories regardless of the peak summer riding season.

The U.S. power facts administration will launch its reputable weekly oil materials report at 10:30AM ET (14:30GMT), amid expectancies for a draw of three.four million barrels on the give up of ultimate week. If showed, it’d mark the eighth weekly decline in a row.

meanwhile, gasoline materials are visible lowering by means of 643,000 barrels and distillates are forecast to fall ninety three,000 barrels.

After markets closed Tuesday, the yankee Petroleum Institute said that U.S. oil inventories fell by way of three.6 million barrels, just slightly greater than predicted.

but, API additionally noted that gasoline stockpiles showed a gain of one.four million barrels, inflicting difficulty over Wednesday’s incoming records.

U.S. crude oil futures fell zero.33% to $47.sixty seven at five:56AM ET (10:56GMT), whilst Brent oil traded down zero.54% to $51.fifty nine.




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DAY AHEAD Here’s a preview of the top 3 things

THE DAY AHEAD: TOP 3 THINGS TO WATCH

THE DAY AHEAD: TOP 3 THINGS TO WATCH

DAY AHEAD Here’s a preview of the top 3 things

DAY AHEAD Here’s a preview of the top 3 things that could rock markets tomorrow

Euro macro data under the microscope

EUR/USD will be focus on Wednesday, as investors look ahead to release of a pair of economic reports expected to provide insight into the state of the Eurozone economy.

Economists forecast Eurozone manufacturing and services activity remained steady August amid concerns that the sharp rise in the euro has stifled export growth.



DAY AHEAD

The ECB’s July policy meeting minutes revealed officials warned that the recent surge in the euro could hamper the central bank’s efforts to get inflation closer to its target of below, but close to, 2%.

Salesforce to ‘force’ a reversal on market open?

Salesforce.com Inc (NYSE:CRM) released its second-quarter results on Tuesday after markets closed, beating expectations on both the top and bottom line.

Shares of Salesforce, however, slumped nearly 3% in the immediate aftermath of the earnings release.

Second quarter EPS came in at $0.33 and revenue was $2.56 billion. The EPS result was $0.01 above expectations and revenue beat by $50 million.

The company raised its forecast for the full year, adding a penny to its profit projection to make it $1.29 to $1.31 a share and $100 million to its revenue guidance, which is now $10.35 billion to $10.4 billion.

US oil crude stockpiles to show eighth-straight weekly decline?

A fresh batch of inventory data from the Energy Information Administration (EIA) on Wednesday is expected to show that U.S. crude stockpiles fell for an eighth-straight week.

Analysts forecast crude inventories fell by about 3.5m barrels in the week ended Aug 18.

Crude futures have made a volatile start to the week, falling more than 2% on Monday, as concerns over Opec’s waning compliance with the deal to curb output remained, after an Opec meeting on Monday failed to yield any measures restore the group’s compliance rate.

Crude oil settled 37 cents higher at $47.64 on Tuesday.




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CRYPTOCURRENCY BUZZ OUTLOOK in the course of trading on Aug. 18, 2017, the price of the new virtual foreign money

CRYPTOCURRENCY BUZZ OUTLOOK FOR TOP EXCHANGES 8/21/2017

CRYPTOCURRENCY BUZZ OUTLOOK FOR TOP EXCHANGES 8/21/2017

CURRENCY TRADERS

CRYPTOCURRENCY BUZZ  The one hundred SMA crossed underneath the longer-term 2 hundred SMA

CRYPTOCURRENCY BUZZ  The one hundred SMA crossed underneath the longer-term 2 hundred SMA to reveal that the direction of least resistance is to the drawback. which means the assist is more likely to break than to keep. note that the chart pattern is approximate $six hundred tall so the resulting drop could be of the identical size, taking Bitcoin price to $3200.

Stochastic is likewise turning lower to signify a pickup in promoting pressure. RSI is at the pass down however is already dipping into oversold territory, this means that that bears might be worn-out and could be inclined to allow customers take over. if so, any other get better to the $4400 place ought to take place.

A return in uncertainty surrounding the difficult fork earlier this month weighed heavily on Bitcoin fee after Bitcoin coins reportedly gained more mining power. this could revive incompatibility issues if more exchanges begin accepting this model of the Bitcoin software, along with the original model.

Bitcoin cash formerly held 25% of mining strength and this determine has considering the fact that grown to 30%, main to speculations that it can be heading in the right direction to update Bitcoin core.

buyers at the moment are turning their interest the activation of SegWit, which could increase the ability of Bitcoin community in terms of coping with transactions. Any setbacks may want to further dampen Bitcoin fee even as warning signs that it can nevertheless pass smoothly may want to result in a big soar or even the creation of latest all-time highs.

in the meantime, greenback call for may also take a hit from ongoing geopolitical uncertainties referring to North Korea and inside the Trump management. Fed Chairperson Yellen’s speech in Jackson hollow could also be a massive catalyst for BTCUSD action.

 



 

+BTCUSD Bitcoin prediction Higher Tuesday August 22

Bitcoin BTCUSD is traded at the extent of 4002. Cryptocurrency is traded inside the Ichimoku Kinko Hyo Cloud, which suggests a flat fashion in Bitcoin. A lower restriction take a look at is predicted near the place

 

DSHUSD Dashcoin prediction Higher Tuesday August 22

DSHUSD Dashcoin prediction is buying and selling at 285. The forex is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend for Dashcoin.

 

ETHUSD Ethereum prediction Higher Tuesday August 22

ETHUSD Ethereum prediction is traded at the level of 313. Cryptocurrency is traded above the top boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish fashion in Ethereum.

 

LTCUSD Litecoin prediction Down Tuesday August 22

LTCUSD Litecoin prediction is trading at forty four.97. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which suggests the presence of a flat fashion for Litecoin. The breakdown of the top restrict of the Triangle version

 

XRPUSD Ripple prediction Higher Tuesday August 22

XRPUSD Ripple prediction is trading at the level of zero.1495. Cryptocurrency is buying and selling below the decrease boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple.

 

ZECUSD Zcash prediction Down Tuesday August 22

ZECUSD Zcash prediction is trading at 233. The foreign money is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which suggests a bullish fashion for Zcash. The Ichimoku Kinko Hyo indicator cloud




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CRYPTOCURRENCY BUZZ OUTLOOK in the course of trading on Aug. 18, 2017, the price of the new virtual foreign money

CRYPTOCURRENCY BUZZ OUTLOOK FOR TOP EXCHANGES 8/21/2017

CRYPTOCURRENCY BUZZ OUTLOOK FOR TOP EXCHANGES 8/21/2017

CURRENCY TRADERS

CRYPTOCURRENCY BUZZ OUTLOOK in the course of trading on Aug. 18, 2017, the price of the new virtual foreign money

modern-day traits in the cryptocurrency marketplace

CRYPTOCURRENCY BUZZ OUTLOOK in the course of trading on Aug. 18, 2017, the price of the new virtual foreign money Bitcoin cash has improved by means of forty percent in the past days.

The maximum famous cryptocurrency, Bitcoin, in the meantime, sustained its extraordinary overall performance and is now valued at almost $4,four hundred. The leading virtual foreign money has already published an increase of greater than 300 percent in 2017.

but, the recognition of Bitcoin has been tainted with a few controversies together with a declare that a younger British model changed into abducted and auctioned off at the underground web marketplace as a “intercourse slave,” with the criminals asking price within the shape of Bitcoin because the virtual currency is allegedly untraceable.

diverse other cyber crimes were connected to Bitcoin within the beyond years, making it extraordinarily essential for lawmakers to set up guidelines and regulations in region for cryptocurrency.



CRYPTOCURRENCY BUZZ OUTLOOK

Ripple Price Forecast and Analysis – August 21, 2017

Ripple Price Forecast Is Ripple entering the Chinese market? Is Alibaba Group Holding Ltd (NYSE:BABA) secretly running a validator node? What impact would it have on the Ripple price prediction? So many questions, so little time.

 

BTCUSD EXCHANGE PRICE Rises Monday, August 21

Bitcoin BTCUSD EXCHANGE is traded at the level of 4002. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin. A lower limit test is expected near the area of ​​3850, from which it is expected to attempt

DSHUSD EXHANGE PRICE Lower Monday, August 21

Dashcoin DSHUSD EXHANGE PRICE is trading at 285. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which shows the presence of an bullish trend for Dashcoin.

ETHUSD EXCHANGE PRICE HIGHER Monday, August 21

Ethereum ETHUSD EXCHANGE PRICE is buying and selling at 304.68. Cryptocurrency is traded above the top boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish fashion in Ethereum.

LTCUSD EXCHANGE PRICE HIGHER Monday, August 21

Litecoin LTCUSD EXCHANGE PRICE is trading at the level of 45.50. Cryptocurrency is traded inside the Ichimoku Kinko Hyo Cloud, which shows the presence of a flat trend for Litecoin. LTC/USD is anticipated to upward push to 46.00

ZCASH ZECUSD EXCHANGE Price HIGHER Monday, August 21

Zcash ZECUSD EXCHANGE Price is buying and selling at the level of 205.eighty. Cryptocurrency is trading under the lower boundary of the Ichimoku Kinko Hyo Cloud, which suggests a bearish trend in Zcash.

 

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BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

TOP FIVE THINGS TO KNOW IN THE MARKET ON WEDNESDAY

TOP FIVE THINGS TO KNOW IN THE MARKET ON WEDNESDAY

BUZ INVESTORS Market Open U.S. missile attack on Syria puts markets on edge. The order of the missile attack on Syria

TOP FIVE THINGS Here are the top five things you need to know in financial markets on Wednesday, August 16:

1. Fed minutes on tap

The Federal Reserve will release minutes of its most recent policy meeting on Wednesday at 2:00PM ET (18:00GMT).

The Fed left interest rates unchanged as widely expected following its meeting on July 26 and said it expected to start shrinking its massive holdings of bonds “relatively soon”.

The central bank also noted weakness in U.S. inflation more explicitly than before. The recognition of soft inflation added to expectations that the Fed’s plan to raise interest rates a third time this year might be delayed.

Futures traders are currently pricing in about a 50% chance of another rate hike by December, according to Investing.com’s Fed Rate Monitor Tool. Odds increased after retail sales data on Tuesday registered its largest increase of the year.

2. Draghi to avoid ECB policy talk at Jackson Hole

European Central Bank president Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve’s Jackson Hole economic symposium, according to sources cited Wednesday by Reuters.

Instead, Draghi will focus on the theme of the symposium, fostering a dynamic global economy, in order to avoid entering policy discussion ahead of the ECB in September.

Market speculation had been that Draghi could use the meeting to signal plans for an eventual reduction, or tapering, of the ECB’s asset purchase program.

The news initially disappointed euro bulls with the single currency falling to intraday lows of $1.1692, though EUR/USD recovered and was last off just 0.07% at 1.1725 by 5:58AM ET (9:58GMT).



TOP FIVE THINGS

3. Oil rises on hopes for bullish inventory data

Oil prices edged higher on Wednesday, bouncing off their lowest levels in three weeks amid speculation weekly supply data due later in the session will show another big drop in U.S. crude inventories.

After markets closed Tuesday, the American Petroleum Institute said that U.S. oil inventories fell by 9.16 million barrels in the week ended August 11, beating expectations for a drop of just 0.47 million barrels.

The U.S. Energy Information Administration will release its official weekly oil supplies report at 10:30AM ET (14:30GMT). Analysts expect crude oil inventories dropped by around 3.0 million barrels at the end of last week. If confirmed, it would mark a seventh weekly decline in a row.

U.S. crude oil futures gained 0.69% to $47.88 at 5:58AM ET (9:58GMT), while Brent oil traded up 0.87% to $51.24.

4. Global stocks mostly higher ahead as metal prices support miners

Global stocks were mostly higher as investors focused generally positive data points and an increase in metal prices drove mining stocks higher.

U.S. futures pointed to a higher open as investors waited for clues on Fed policy with the minutes from its most recent meeting. At 5:59AM ET (9:59GMT), the blue-chip Dow futures gained 0.27%, S&P 500 futures rose 0.27% while the Nasdaq 100 futures traded up 0.37%.

Elsewhere, European shares were boosted by strong gains in miners as euro zone growth in the second quarter was unexpectedly revised higher. London’s FTSE 100 traded up 0.68% as the UK showed a surprise drop in the jobless rate to a fresh 42-year low and wage inflation accelerated.

Earlier, Asian equities ended mixed with Japan off 0.1% and Shanghai down around 0.2%, but the Hang Seng and the S&P/ASX 200 closed with gains of 0.9% and 0.5%, respectfully.

5. China returns as #1 U.S. creditor

China reclaimed the top position as the largest foreign holder of U.S. debt after increasing holdings for a fifth straight month to reach $1.147 trillion in Treasuries in June.

The world’s second largest economy topped Japan who had been in the lead since last October.

Together, the two Asian countries account for more than a third of foreign ownership of U.S. Treasuries.




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TOP 5 THINGS Here are the top five things you need to know in financial markets on Tuesday, August 15:

TOP 5 THINGS TO KNOW IN THE MARKET ON TUESDAY

TOP 5 THINGS TO KNOW IN THE MARKET ON TUESDAY

TOP 5 THINGS Here are the top five things you need to know in financial markets on Tuesday, August 15:

TOP 5 THINGS Here are the top five things you need to know in financial markets on Tuesday, August 15:

1. Dollar continues to move higher as geopolitical tensions ease

Market sentiment improved after North Korea said on Tuesday it had delayed a decision on a plan to fire missiles at the U.S. Pacific territory of Guam while it watches U.S. actions a little longer.

At the same time, South Korean President Moon Jae-in said there will be no military action upon the Korean peninsula without Seoul’s consent and that the government would prevent war by all means.

Market participants were looking ahead to U.S. retail sales data, to be released at 8:30 a.m. ET (12:30 a.m. GMT) for further indications on the strength of the economy after disappointing inflation figures on Friday dampened expectations for another rate hike by the Federal Reserve this year.



TOP 5 THINGS

The greenback found some support after New York Fed President William Dudley said on Monday that he favored another interest rate hike this year if the economic conditions evolved in line with his expectations.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.27% at 93.58, the highest since August 10, at 6 a.m. ET (10:00 a.m. GMT).

2. Oil prices stabilize after falling to fresh 3-week lows

Oil prices stabilized after plumbing fresh three-week lows earlier as a stronger U.S. dollar and concerns over a global supply glut continued to weigh.

Concerns over slowing demand from China, the world’s second-largest oil consumer, pressured prices lower. A report on Monday pointed to a drop in crude demand from Chinese refiners in July.

Oil prices remain vulnerable to bearish sentiment, with traders assessing supply and demand figures to determine how close the oil market is to rebalancing.

The American Petroleum Institute was to release its latest U.S. inventories report later Tuesday, ahead of official storage figures from the U.S. Energy Information Administration on Wednesday.

U.S. crude oil Futures were at $47.48, while Brent oil was last at $50.61.

3. German economy grows less-than-expected

German gross domestic product rose 0.6% in the second quarter, Germany’s Federal Statistical Office said, disappointing expectations for an increase of 0.7%.

Year-over-year, Germany’s economy grew 0.8% in the last quarter, less than the expected growth rate of 1.9%.

The Statistical Office noted an increase in fixed capital formation in machinery and equipment, in construction and in other fixed assets compared with the first quarter of 2017.

The weak data fueled concerns over the strength of the euro zone’s biggest economy and sent the euro lower. EUR/USD was down 0.23% at 1.1753 at 6 a.m. ET (10:00 a.m. GMT).

4. Pound slumps as UK inflation holds steady in July

Sterling slumped to 5-week lows against the U.S. dollar after data showing that Britain’s annual inflation rate unexpectedly held steady in July underlined the case for the Bank of England to keep interest rates on hold.

GBP/USD fell to lows of 1.2899, the weakest since July 13, while EUR/GBP advanced 0.24% to 0.9110.

Consumer prices rose 2.6% compared with a year earlier, the Office for National Statistics said, slightly below economists’ expectations for a 2.7% annual rise.

Falling motor fuel prices were offset by higher prices for clothes, utilities and food, the ONS said.

In its latest assessment of the economy released last week, the BoE said it expected inflation to peak at 3% in October.

5. Markets rebound from recent losses in risk-on trade

European stocks opened higher on Tuesday, as tensions between the U.S. and North Korea continued to subside, lending support to riskier assets.

Danone SA (PA:DANO) was one of the top performers on France’s CAC 40, following reports Corvex Management now owns a stake of about $400 million in the company and as rumors surfaced of a possible takeover.

At 6 a.m. ET (10:00 a.m. GMT), the EURO STOXX 50 was up 0.23%, France’s CAC 40 gained 0.44%, while Germany’s DAX 30 added 0.31%.

In the U.S., equity markets pointed to a hi:MRKgher open on Tuesday. The Dow Jones Industrial Average futures pointed to a 0.20% rise, S&P 500 futures signaled a 0.16% gain, while the Nasdaq 100 futures indicated a 0.23% increase.

Merck (NYSE:MRK) & Co. was expected to be in focus, after CEO Ken Frazier made headlines on Monday when he resigned from the president’s American Manufacturing Council, citing a “responsibility to take a stand against intolerance and extremism.”

The move came after President Donald Trump was seen to equivocate about the violent protest by white supremacists in Charlottesville, Virginia, over the weekend that killed a 32-year-old woman and injured 19 other people.




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Top Digital Currency Trader CryptoVisionary One of the World’s Top Digital Currency Traders and founder of The Phoenix Trading Group

Top Digital Currency Trader CryptoVisionary, Predicts a $4,650 Bitcoin Within Three Months

Bitcoin Press Release: Renowned cryptocurrency trader and founder of The Phoenix Trading Group CryptoVisionary has made a bold prediction about the short-term value of Bitcoin.

Top Digital Currency Trader CryptoVisionary One of the World’s Top Digital Currency Traders and founder of The Phoenix Trading Group

Top Digital Currency Trader CryptoVisionary One of the World’s Top Digital Currency Traders and founder of The Phoenix Trading Group, ‘CryptoVisionary’ (can be found on Twitter) has predicted that the price of Bitcoin will exceed $4,650 USD within the next three months. The renowned trader has cited a number of different factors to back up his prediction, including Bitcoin’s value surpassing that of gold, mainstream adoption, and the recent corporate interest in blockchain technology.

One factor that CryptoVisionary cited for his $4,650 Bitcoin prediction is the value of Bitcoin compared to Gold. For a long time, Bitcoin has been called ‘Digital Gold’ and often compared to the valuable mineral as a form of investment. Thursday the 2nd of March 2017 marked the first time in history that the price of one Bitcoin surpassed that of an ounce of gold, as the digital currency surged to an all-time high. On this day, the exchange price for the digital currency (1 BTC) closed at $1,268, while an ounce of gold was $1,233.

Another factor that CryptoVisionary believes has affected the rising price of Bitcoin is the increasing adoption of blockchain technology by banks and governments in 2017. The Japanese and South Korean governments both legalized Bitcoin as a payment method this year, pushing the price ceiling higher in each instance. Also, this year the world’s largest open source blockchain initiative was formed. The Enterprise Ethereum Alliance, (EEA) is an alliance of over 150 organizations from a wide variety of business sectors, including banking, government, technology, government, marketing, insurance and more. Some members of the alliance include JP Morgan, Samsung, and Mastercard. Apart from Bitcoin and Ethereum, there are other altcoin-driven blockchain protocols that have gained the attention of businesses.



Top Digital Currency Trader CryptoVisionary

It’s not just large companies and banks that are investing in digital currencies though, as many individuals around the world are learning about Bitcoin and the digital currency trader believes that we haven’t experienced the end of the bull cycle just yet. CryptoVisionary believes that 2018 will be a year in where we will see more mainstream references to digital currencies as more countries legalize it and more individuals turn to them as a form of investment. It is also worth noting that Russia, Japan, Venezuela, India, and China have all seen a spike in cryptocurrency adoption over the last 12 months. Further, the Russian and Indian finance ministries are presently exploring the possibility of introducing virtual currency regulations which will further drive adoption.

The final factor that may very well be the defining one in Bitcoin’s rise to $4,650 is the long-awaited Bitcoin SegWit activation that happened on August 1, 2017. After much deliberation in the industry, the percentage of votes needed to perform the segregated witness activation was finally reached. It is entirely possible that a $4,650 Bitcoin may be much closer than three months. And, in the next 4 months, the cryptocurrency’s price can potentially touch $7,000.

By the end of July 2017, CryptoVisionary had predicted Bitcoin price to cross $3,300 in under two weeks, which turned out to be spot on, as the price has surged past $3,300 to reach $3,500 within 10 days.

Coin Dance Bitcoin Price and Volume Charts here – https://coin.dance/volume
Find CryptoVisionary111 on Twitter here – https://twitter.com/CryptoEye111
Official Company Website: http://www.phoenixtrading.pro

 

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 Brazil stocks were higher after the close on Friday, as gains in the Consumption, Industrials and Real Estate sectors led shares higher.

TOP 5 THINGS THAT MOVED MARKETS THIS PAST WEEK

TOP 5 THINGS THAT MOVED MARKETS THIS PAST WEEK

Take a peek at the top 5 things that rocked U.S. markets this week.

Take a peek at the top 5 things that rocked U.S. markets this week.

Inflation, where art thou’?

Data this week showed the slowdown in inflation continued unabated, after U.S. consumer and wholesale inflation undershot forecasts, narrowing the Federal Reserve’s case for a third rate hike this year, forcing the dollar to give up gains against its rivals.

The minutes to Federal Reserve’s July meeting due next week, however, are expected to provide investors with fresh insight into the central bank’s thinking regarding monetary policy.

In July, the Fed kept rates unchanged, citing concerns over the stuttering pace of inflation.



top 5 things

US-North Korea tensions revived demand for gold

President Trump rattled markets late Tuesday, warning North Korea that any threats to the U.S. “will be met with fire and fury”. North Korea, however, shrugged off the warning and said it was “carefully examining” a plan to strike Guam, where a U.S. military base is located.

Geopolitical intensified later in the week, as Trump suggested his ‘fire and fury’ warning “may have not gone far enough”. Trump later added, American weapons were “locked and loaded” as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war.

Gold was the main beneficiary of rising U.S.-North Korea tensions, posting its biggest weekly gain in four months as investors piled into safe havens.

Bitcoin soared above $3,500 to record all-time highs

Bitcoin surged to all-time highs on Friday, a little over a week after bitcoin split into two, as sentiment on the digital currency improved amid bullish comments from analysts.

“Whether or not you believe in the merit of investing in cryptocurrencies (you know who you are), real dollars are at work here and warrant watching,” Goldman Sachs noted in its question-and-answer report focused on cryptocurrencies.

Both Bitcoin Cash and Ethereum, followed bitcoin higher, as the latter hit one-month highs on Thursday.

Snap slid below $12 to record fresh new lows

Shares of Snap Inc (NYSE:SNAP) fell 14% on Friday, a day after the social media company reported a lower-than-expected number of daily active users for Snapchat, its popular messaging app, for the second quarter amid stiff competition from Facebook and Instagram.

Snap said on Thursday its daily active users (DAUs) rose to 173 million in the quarter ended June 30, below expectations of a rise to 175.2 million DAUs.

Shares of snap closed at $11.83, down about 60% from its peak of $29.44.

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TOP 5 THINGS  Here are the top five things you need to know in financial markets on Wednesday, August 9:

TOP 5 THINGS TO KNOW IN THE MARKET ON WEDNESDAY

TOP 5 THINGS TO KNOW IN THE MARKET ON WEDNESDAY

TOP 5 THINGS  Here are the top five things you need to know in financial markets on Wednesday, August 9:

TOP 5 THINGS  Here are the top five things you need to know in financial markets on Wednesday, August 9:

1. Focus on faceoff between Trump and North Korea

Markets continued to react Wednesday to the faceoff between U.S. President Donald Trump and North Korea.

Before the close Tuesday on Wall Street, President Trump’s remarks that North Korea would face “fire and fury like the world has never seen” hit U.S. stocks.

North Korea did not take the “warning” lying down and, just hours later, a spokesman for the Korean People’s Army said in a statement it was “carefully examining” plans for a missile attack on the U.S. Pacific territory of Guam, which has a large U.S. military base.

 



 

 

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Investors reacted with a risk-off stance despite that fact that experts suggested that an escalation to nuclear proportions was highly unlikely.

2. Swiss franc logs biggest gain since Brexit as investors flock to safe havens

The flight to safety on the back of geopolitical tension surrounding North Korea put the Swiss franc on track to log its largest daily gain against the euro since the U.K. voted to leave the European Union, known as Brexit. EUR/CHF was last down 1.13% at 1.1319 by 5:57AM ET (9:57GMT), putting it on track for the largest one day decline in more than two years.

The Swissy, which is often sought in times of geopolitical tension or market turbulence, was also sharply higher against dollar. USD/CHF touched a low of 0.9614, the weakest since July 27. It was last off 1.05% at 0.9641 by 5:58AM ET (9:58GMT).

Market players also flocked to the yen, another safe haven currency. USD/JPY was last down 0.51% at 109.77 by 5:58AM ET (9:58GMT).

Investors also jumped into gold as the precious metal bounced back from what been its weakest level since July 26. Comex gold futures jumped $10.77, or around 0.9%, to $1,273.37 a troy ounce by 5:59AM ET (9:59GMT).

Additionally, yields on core government debt fell as market participants looking for safety piled into fixed income. Ten-year U.S. yields dropped 4 basis points (bps) to 2.242% by 6:00AM ET (10:00GMT) while German equivalents fell 3.8 bps to 0.435%.

3. Global stocks lower as risk appetite hit

President Donald Trump’s warning North Korea faced “fire and fury” and Pyongyang’s response it was considering an attack on Guam drove investors out of stocks on Wednesday.

Following an initial downturn on Wall Street, investors took the cue and moved out of Asian equities with Japan’s Nikkei notably closing down 1.3%.

Apart from worries over North Korea, European bourses were further hit by concern over reports that a car hit a group of soldiers in a suburb of Paris on Wednesday, in what was described as a deliberate act. At 6:03AM ET (10:03GMT), the European benchmark Euro Stoxx 50 lost 1.52%, Germany’s DAX fell 1.27%, while London’s FTSE 100 traded down 0.83%.

U.S. futures pointed to a continuation of investor caution, suggesting a lower open on Wednesday. At 6:00AM ET (10:00GMT), the blue-chip Dow futures fell 0.15%, S&P 500 futures declined 0.40% while the Nasdaq 100 futures declined 0.61%.

4. Disney slumps as earnings season wind down

Shares of Disney (NYSE:DIS) sank more than 3% in pre-market trade Wednesday after the entertainment giant reported a 9% drop in profit and announced that it would stop providing new movies to Netflix (NASDAQ:NFLX) in a bet to provide its own subscription service that met skepticism over costs and capability from investors.

Despite the market reaction to Disney’s numbers, the second-quarter reporting season has been largely positive. With 445 of the S&P 500 companies already having released figures, 73% have beat profit forecasts while 70% topped consensus sales estimates.

Wednesday will be a relatively quiet session with a handful of earnings from the likes of Office Depot (NASDAQ:ODP), 21st Century Fox (NASDAQ:FOXA), Wendy’s (NASDAQ:WEN) or Mylan (NASDAQ:MYL), as investors brace for a round of results from brick-and-mortar retailers such as Macy’s Inc (NYSE:M), Kohl’s (NYSE:KSS), Nordstrom (NYSE:JWN) and JC Penney (NYSE:JCP) or recent IPOs such as Snap (NYSE:SNAP) and Blue Apron (NYSE:APRN) in the final two days of the week.

5. Oil breaks two-day losing streak ahead of inventories

Oil underwent choppy trade on Wednesday, but managed to return slight gains in early morning North American trade as those investors appeared to take heart in a large decline in U.S. crude inventories.

After markets closed Tuesday, the American Petroleum Institute said that U.S. oil inventories fell by 7.89 million barrels in the week ended August 4, compared to expectations for a decline of just 2.2 million.

The U.S. Energy Information Administration will release its official weekly data at 10:30AM ET (14:30GMT) amid forecasts for a draw of 2.72 million barrels.

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