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

Top Digital Currency Trader CryptoVisionary, Predicts a $3,000 Bitcoin Within Two Weeks

Top Digital Currency Trader CryptoVisionary, Predicts a $3,000 Bitcoin Within Two Weeks

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.

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

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 $3,000 USD within the next two weeks. 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 $3,000 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.



CryptoVisionary

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.

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.

The final factor that may very well be the defining one in Bitcoin’s rise to $3,000 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 $3,000 Bitcoin may be much closer than two weeks away. And, in the next two months, the cryptocurrency’s price can potentially touch $3,300 as many traders took the bait and are now in the trap of becoming caught in a short squeeze which may cause a parabolic rise.

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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Contact: The Phoenix Trading Group

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ATB Coin ICO     The New York-based cryptocurrency startup, ATB Coin that announced a monthlong ICO on June 12, 2017,

Ongoing ATB Coin ICO Raises over $14 Million in 2 Weeks from over 1000 Investors

Cryptocurrency startup ATB Coin has successfully raised over $14 Million from over 1000 investors as its ICO continues until July 12, 2017.

ATB Coin ICO     The New York-based cryptocurrency startup, ATB Coin that announced a monthlong ICO on June 12, 2017,

BUZ INVESTORS  PRESS RELEASE ATB Coin ICO     The New York-based cryptocurrency startup, ATB Coin that announced a monthlong ICO on June 12, 2017, has already raised over $14 million from over 1000 investors. With another two weeks to go, the platform offers a unique opportunity for investors to become part of the initiative.

The ATB Coin platform is developed using the world’s most advanced protocols including SegWit, Lightning Network, Smart Contracts, and ATB Offline Codes. It also records Borderless micropayments in as little as microseconds. The cryptocurrency’s capabilities and its future potential has enabled it to raise $12 million within the first fifteen minutes of the ICO.

According to CEO Edward Ng, the company’s technologically revolutionary cryptocurrency has already attracted excited investors from the United States, Canada, and China. Edward also stated that the company is pleased with the current high level of interest and optimism from investors. Edward expects the ICO to continue for the next couple of weeks and meet the estimated target amount of $50 million.




ATB Coin ICO

 

Herbert W. Hoover III, ATB Coin co-founder stated,

“Our team is well-positioned to move forward with our intermediate goal of opening offices across the U.S., Canada, Latin America, and Asia,”

ATB Segregated Witness

The goal of ATB Segregated Witness or ATB SegWit is to optimize the size of transactions allowing it to combine multiple transactions into one block. Traditional bottlenecks like network scalability, block overflow, transaction speed and commission reduction are now revolutionized with SegWit. ATB Coin increases the efficiency of the block itself without increasing the block size.

ATB Offline Codes

ATB Offline Codes promote a business model where users can purchase virtual goods online. It also stimulates good behavior and more productive discussions on online forums and social networks. The possibilities that ATB Offline Codes open are even more prominent in the case of non-profit organizations. The fees are small, and transactions are private and fully transparent.

ATB Lightning Network

ATB Lightning Network is a new protocol that optimizes the block network. The speed of transactions is dramatically increased, and the size of commissions is minimized. Another amazing and very useful feature of ATB Lightning Network is the multi-signature operation mode. The ATB Lightning Network generates two private keys in the “2 out of 2” cryptography scheme. In order to use coins stored at such an address, two signatures are required. This feature is essential for many businesses and the community will find it truly advantageous.

ATB Smart Contracts

ATB Smart Contract is an electronic algorithm that describes a set of conditions, the implementation of which entails real life events known to everyone. Where there used to be accountants and lawyers, today there are vast opportunities to use a Blockchain-based mechanism. This is a very powerful feature indeed capable of evolving many traditional contracts into a cryptographic solution providing users with protection and reliability.

ICO

Crowdfunding of ATB Coin tokens began June 12, 2017, and will continue till July 12, 2017. Potential investors are offered bonuses of up to 10%, which will motivate an investor for an additional capital investment. Altogether, the maximum tokens issued will number 333 million, of which 50 million will be assigned to the Crowdfunding ICO.

The ICO is currently in the third round of bonuses, in which participants are eligible to receive a 3% bonus of ATB Coins. The fourth and final round bonus begins on the 29th of June and finishes on the 12th of July; and entitles participants to a 1% bonus. ATB Coin ICO participants may invest using Bitcoin, Ethereum, ZCASH, and Litecoin.

ATB Coin Official Website here –</s trong> https://atbcoin.com/

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STERLING SURGE The dollar extended losses against a basket of global currencies on Wednesday, pressured by a surge i

DOLLAR SET FOR BIGGEST WEEKLY DROP IN SIX WEEKS AMID STERLING SURGE

DOLLAR SET FOR BIGGEST WEEKLY DROP IN SIX WEEKS AMID STERLING SURGE

STERLING SURGE The dollar extended losses against a basket of global currencies on Wednesday, pressured by a surge i

BUZ INVESTORS   STERLING SURGE The dollar extended losses against a basket of global currencies on Wednesday, pressured by a surge in both the pound and Canadian dollar, after central bank governors from both the Bank of England and the Bank of Canada hinted at tapering current accommodative monetary policy measures.

Bullish comments from central bank bosses concerning monetary policy weighed on the dollar for the second-straight day, as traders speculated that both the Bank of England and Bank of Canada may adopt tighter monetary policy measures soon.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell by 0.44% to 95.76.




STERLING SURGE

 

GBP/USD surged to a post-election high of $1.2973, up more 1%, after Bank of England governor Mark Carney, appeared to reverse his recent assertion that there ‘was no need to raise rates soon’, hinting that a rate hike may be in the pipeline, suggesting that “some removal of monetary stimulus is likely to become necessary”.

Bank of Canada governor Stephen Poloz adopted a similar tone concerning monetary policy, reiterating the central bank may be considering raising interest rates, asserting that rate cuts from 2015 ‘have done their job’.

USD/CAD fell to four-month lows of C$1.3039, down more 1%.

The euro pared earlier losses against the dollar, rising 0.33% to $1.1378, despite European Central Bank (ECB) sources saying markets misjudged ECB president Mario Draghi’s comments a day earlier.

Meanwhile, in the U.S. the Senate’s decision to delay a vote on a health-care bill to repeal and replace Obamacare weighed on dollar sentiment, as investors questioned whether the delay would derail President Trump’s plan to introduce pro-growth economic measures such as tax-reform.

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Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF) finished this week’s trading up more than 7%.

Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF) finished this week’s trading up more than 7%.

BUZ INVESTORS Canopy Growth Corp   Canadian licensed producer, Canopy Growth Corp. finished this week’s trading up more than 7%. Last Friday, the company’s subsidiary, rTrees Producers Ltd. received their license to cultivate medical marijuana. Earlier in the week, Canopy Growth released a shareholders’ update, highlighting recent developments at the company.




Canopy Growth Corp

Canada Approves Two More Licensed Producers

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.2">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.2.0">Earlier today, Health Canada announced that two more medical marijuana producers have obtained their license to cultivate under the Access to Cannabis for Medical Purposes Regulations, or ‘ACMPR’. These two new additions come just after Health Canada granted three new licenses on Monday.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.4">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.4.0">It is becoming clear that the recent licensing changes at Health Canada have led to a drastic change for the better in regard to the efficiency of the application process. 

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.g.0.0">, Canopy Growth Corp. (TSX:WEED)(OTC:TWMJF) acquired rTrees Producers. Under the Canopy umbrella, rTrees is operating as Tweed Grasslands and will be producing product to be$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.g.0.1"> sold through the Tweed Main Street online store, $SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.g.0.2">among another venues. rTrees Producers has a 90,000 square foot indoor facility that has access to low cost water and power. The facility is currently $SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.g.0.3">20% built out. 

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CannaRoyalty Corp  Shares of the diversified cannabis investor and operator, CannaRoyalty Corp. gained more than 11% in this week’s trading. On Monday,

CannaRoyalty Corp. (CSE:CRZ)(OTC:CNNRF) gained more than 11% in this week’s trading

CannaRoyalty Corp. (CSE:CRZ)(OTC:CNNRF) gained more than 11% in this week’s trading

 CannaRoyalty Corp  Shares of the diversified cannabis investor and operator, CannaRoyalty Corp. gained more than 11% in this week’s trading. On Monday,

BUZ INVESTORS   CannaRoyalty Corp  Shares of the diversified cannabis investor and operator, CannaRoyalty Corp. gained more than 11% in this week’s trading. On Monday, CannaRoyalty announced that the company has raised $12 million CAD (~$9.05 million USD) to form a joint venture to invest in Canadian cannabis companies.




CannaRoyalty Corp

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.2">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.2.0"> CannaRoyalty Corp. (CSE:CRZ)(CSE:CRZ.CN)(CNSX:CRZ)(OTCQX:CNNRF) (“CannaRoyalty”) is pleased to announce that it has executed a binding term sheet with a Canadian institutional investor (the “Investor”) to complete a $12 million financing and form a joint venture (“JV”) to finance opportunities in the Canadian cannabis market.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.4">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.4.0">The financing is expected to be comprised of a revolving $12 million secured credit facility with a three year term, of which $6 million will be advanced on closing. The proceeds are expected to be used for specific opportunities that CannaRoyalty is pursuing for production and/or processing assets, as well as general corporate purposes.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.6">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.6.0">The facility will bear interest at an annual rate of 10%, payable quarterly in cash or CannaRoyalty shares. In addition, CannaRoyalty warrants have been issued to the Investor today, which will entitle the Investor to purchase 1.8 million CannaRoyalty shares at an exercise price of $2.05 per share for a period of three years after closing.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.8">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.8.0">The JV is expected to be launched following the closing of the financing and will focus on investment opportunities in the rapidly growing Canadian cannabis market. The Investor is a Canadian institutional investor who will fund and manage the JV. CannaRoyalty will leverage its relationships and investment pipeline to identify and refer attractive Canadian opportunities such as production assets, property and equipment to the JV and also assist the Investor in completing due diligence and providing strategic support to JV investments.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.a">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.a.0">“Our focus on value-add assets in the cannabis sector has given us access to a broad pipeline of unique investment opportunities in Canada. This joint venture gives us a vehicle to participate in these opportunities while leveraging our joint venture partner’s expertise in hard asset lending. This JV will be the first in the cannabis sector and has the potential to provide a true “win-win-win” for target assets, the Investor and CannaRoyalty’s shareholders. Target Canadian assets get access to strategic capital; the Investor gets exposure to returns from highly productive assets in the cannabis sector; and CannaRoyalty attains exposure to accretive investment opportunities,” said Marc Lustig, CEO of CannaRoyalty.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.c">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.c.0">In connection with the foregoing, the Investor has been granted the right to nominate a director for CannaRoyalty’s Board. Closing is expected to occur by July 31, 2017 and is subject to stock exchange approval, execution of definitive documents, completion of satisfactory due diligence, and other conditions.

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.e">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.e.0">About CannaRoyalty

$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.g">$SITE_ROOT.$desktop_siteRoot.$PAGES_CONTAINER.1.1.$SITE_PAGES.$c1kod_DESKTOP.1.$ppPrt7-lx4.0.0.$child.$0.1.$1.$4.$0.0.g.0">CannaRoyalty is a fully integrated, active investor and operator in the legal cannabis sector. Our focus is building and supporting a diversified portfolio of growth-ready assets in high-value segments of the cannabis sector, including research, consumer brands, devices and intellectual property. Our management team combines a hands-on understanding of the cannabis industry with seasoned financial know-how, assembling a platform of holdings via royalty agreements, equity interests, secured convertible debt, licensing agreements and its own branded portfolio.

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Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

Silver down for two weeks without a positive day, but not a reason in of itself to turn bullish

Chart | Calendar   | TRADE NOW | SILVER

Silver down for two weeks without a positive day, but not a reason in of itself to turn bullish

BUZ INVESTORS  Silver down for two weeks The precious metal is trading at $17.00 per ounce at 09:40 GMT this morning, 0.77% higher from the New York close.

Silver

BUZ INVESTORS  Silver down for two weeks The precious metal is trading at $17.00 per ounce at 09:40 GMT this morning, 0.77% higher from the New York close. During the session, silver traded at a high of $17.02 per ounce and a low of $16.87 per ounce. In the New York session yesterday, silver fell 1.78% and closed at $16.87 per ounce, tracking losses in gold prices. Immediate downside, the first support level is seen at $16.80 per ounce, while on the upside, the first resistance level is at $17.21 per ounce.

Precious metals continue to weaken, especially the price of silver which has declined ten consecutive days not counting today, and while consecutive days alone isn’t a reason to become bullish, a drop of roughly 8% in a relatively short period of time does suggest the metal is oversold. Conditions are ripening towards a relief bounce at the least, but we need more than a large drop and a streak to justify looking for a bounce.




 Silver down for two weeks

>>>TRADE NOW<<<

Silver  | Data | Chart | Calendar | Forecast | News

Silver increased 0.01 USD/t. oz or 0.07% to 16.85 on Tuesday May 2 from 16.84 in the previous trading session. Historically, Silver reached an all time high of 49.45 in January of 1980 and a record low of 3.55 in February of 1991.

Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producer of silver are: Mexico, Peru and China followed by Australia, Chile, Bolivia, United States, Poland and Russia. This page provides – Silver – actual values, historical data, forecast, chart, statistics, economic calendar and news. Silver – actual data, historical chart and calendar of releases – was last updated on May of 2017.
Metals Price Day Weekly Monthly Yearly Date
Gold 1254.90 1.4 -0.11 % -0.65% 0.18% -2.37% 10:22
Silver 16.82 0.02 -0.14 % -4.01% -7.54% -3.27% 10:22
Platinum 922.24 2.76 -0.30% -2.92% -3.08% -13.08% May/02
Palladium 815.97 1.47 0.18% 1.93% 1.69% 34.70% May/02

 

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Silver Prices decreased May Have Already Peaked This Year

Chart | Calendar   | TRADE NOW | SILVER Silver Prices May Have Already Peaked This Year Silver BUZ INVESTORS  Silver Prices  The precious metal is trading at $17.13 per ounce at 09:40 GMT this morning, 0.52% lower from the New York close. During the session, silver traded at a high of $17.28 per ounce and a […]

Silver price oversold, testing backside of July trend-line

Silver price oversold, testing backside of July trend-line Silver BUZ INVESTORS Silver price oversold The precious metal is trading at $17.41 per ounce at 09:40 GMT this morning, 0.69% higher from  the New York close.  During the session, silver traded at a high of $17.45 per ounce and a low of $17.28 per ounce. In the New […]

Silver And Platinum May Hold The Key To Gold’s Path

Silver And Platinum May Hold The Key To Gold’s Path Silver BUZ INVESTORS Silver And Platinum  The precious metal is trading at $17.48 per ounce at 09:40 GMT this morning, 0.23% lower from the New York close. During the session, silver traded at a high of $17.54 per ounce and a low of $17.44 per […]

Buz Investors Onshore yuan loses ground The onshore Chinese yuan lost ground against the US dollar on Monday morning, after the People’s Bank of China cut the daily fix by the most in six weeks.

Onshore yuan loses ground after PBOC cuts fix by most in six weeks

Onshore yuan loses ground after PBOC cuts fix by most in six weeks

Buz Investors Onshore yuan loses ground The onshore Chinese yuan lost ground against the US dollar on Monday morning, after the People’s Bank of China cut the daily fix by the most in six weeks.

Buz Investors Onshore yuan loses ground The onshore Chinese yuan lost ground against the US dollar on Monday morning, after the People’s Bank of China cut the daily fix by the most in six weeks. Yuan in the spot market traded at 6.8674 per US dollar as of 11.05am, weaker by 0.01 per cent or 9 basis points from 6.8665 late Friday. However, the offshore yuan bounced back against the greenback after two straight sessions of losses, up 0.05 per cent or 36 basis points to trade at 6.8472. Earlier in the day, the People’s Bank of China lowered the yuan’s mid-point rate to 6.8743 per US dollar, down 0.4 per cent or 287 basis points from the previous fixing. It was the



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Analysts said the yuan’s depreciation pressure is likely to continue into the year and prompt the Chinese authorities to maintain tight capital controls.

China’s monthly non-FDI (foreign direct investment) capital outflows eased to US$58 billion in January from December’s US$64 billion, the second consecutive month of decline, according to an estimate by Standard Chartered Bank.

“The latest data points to the effectiveness of recent administrative measures to slow outflows – stricter rules on banks’ reporting of cross-border customer transactions and increased disclosures for individual FX conversion,” said StanChart analysts Kelvin Lau and Shuang Ding in a report on Monday.



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Gold Prices: This Is Why JNUG Stock is Going Nuts Today

$XAUUSD Gold prices add to last week’s big advance

Gold prices add to last week’s big advance

Buz Investors Gold prices add  Gold is trading at $1224.10 per ounce at 10:40 GMT this morning, 0.2% higher from the New York close.

Gold

Buz Investors Gold prices add  Gold is trading at $1224.10 per ounce at 10:40 GMT this morning, 0.2% higher from the New York close. This morning, the precious metal traded at a high of $1227.00 per ounce and a low of $1221.40 per ounce. On Friday, gold traded 0.67% higher in the New York session and closed at $1221.60 per ounce, as the greenback weakened after tepid US wage growth dimmed expectations for a faster rate hike this year by the US Fed. Immediate downside, the first support level is seen at $1212.60 per ounce, while on the upside, the first resistance level is at $1231.30 per ounce.




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Gold prices add

 

Gold futures traded higher Monday, building on their sizable gain in the prior week

 

The metal has been benefiting from a retreat by the dollar, as a weaker buck makes dollar-denominated commodities less expensive for holders of other currencies.

Analysts have been sounding upbeat about gold, which is up about 6.4% so far this year, topping the 2.6% gain by the S&P 500 SPX, -0.19%  , the broad benchmark for U.S. stocks.“The momentum indicators are positive without being excessively so,” said Richard Perry, a Hantec Markets analyst, in a note on Monday.The ICE U.S. Dollar Index DXY, +0.42%  , which was roughly flat on Monday, is down 2.2% so far this year, though it’s still up 3.1% over the past 12 months.



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KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK'S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK'S GDT PRICE INDEX?

KIWI TO GET A BOOST The market for the Kiwi has been relatively subdued at the start of the week with much of the focus on the pound and the hard-Brexit concerns that have given way to a phase of risk aversion once again in Global markets.

However, focus will soon turn to New Zealand and the correlation between the kiwi and global dairy prices. We have seen a slump in global demand of late, but as the NZ Herald reports, “Futures market trading is pointing to a mild improvement in dairy prices at this week’s GlobalDairyTrade auction after a surprisingly weak start to the year.”

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KIWI TO GET A BOOST

The consensus of world dairy prices for the year ahead is that production in decline should be supportive while supply is speculated to continue to contract in major producing countries, except the US where there is a strong domestic demand for butter, along with a range of commodities as a whole.

“Whole milk powder prices look likely to improve a little after dropping 7.7 per cent at the previous sale in what was later seen as a rebalancing between the main products on offer,” explained Jamie Gray, a business reporter for the NZ Herald.

NZD/USD 1-3 month:

Analysts at Westpac expect the bird to move lower to 0.6800. “The US dollar has had an impressive rise since the US election and has potential to rise further during the months ahead. The Fed’s assertive tightening projections plus US fiscal expansion should maintain upside pressure on US interest rates and the US dollar. Against that, the NZ economy is strong and dairy prices have risen, but these forces are subservient to the US dollar’s trend.”