A UK co-living company has announced that it will begin accepting down payments made in bitcoin, according to CoinTelegraph, making it that much easier for traders hooked on effortless, outstanding returns to speculate in another bubble-prone market: UK housing. Co-living pioneer The Collective announced the decision on Tuesday, saying it’s the first developer that will accept payments in cryptocurrency. The company added that it’s exploring how to accept rental payments in bitcoin, which it hopes to implement later in the year. It said that its decision to accept bitcoin was related to demand from international clients. The company ha...
After opening the day lower, share markets in India traded weak throughout the day and are currently trading in the red. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the metal sector trading in green, while stocks in the FMCG sector and stocks in the pharma sector are leading the losses. The BSE Sensex is trading down by 107 points (down 0.3%), and the NSE Nifty is trading lower by 30 points (down 0.3%). Meanwhile, the BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is trading up by 0.5%. The rupee is trading at 64.15 to the US$. In news from t...
Previous: On Tuesday the 5th of September, trading on the euro/dollar pair closed slightly up. After falling to 1.1868, the euro recovered to 1.1941. This growth was brought about by a general weakening of the dollar after the publication of weak data on factory orders in the US in July. The index for factory orders in the US in July came out at -3.3% (forecast: -3.0%, previous: 3.2%). US 10Y bond yields have fallen from 2.17% to 2.056%, its lowest level since the presidential election. After such a drop in bond yields, the euro should have risen to around 1.1980 but its growth was held up by the upcoming ECB meeting. FOMC member Lael Braina...
Bitcoin (BTC), Ethereum (ETH) Pull Back from Monday’s Lows After heavy losses were seen across the crypto-currency market place on Monday, buying interest nudged the market as a whole back into positive territory, but gains are marginal and confidence remains low. The sell-off, prompted by China’s ban on new ICOs and the inspection of 60 ICO exchanges, saw BTC and ETH register high-low losses in excess of 20%, the traditional definition of a bear market. And to add to the unease in the marketplace, Business Korea reported that the country’s financial authorities are looking at ways of strengthening regulation on digital currency ...
AUDUSD’s upside movement from 0.7807 extended to as high as 0.8028. As long as the price is in the bullish channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.8050 area. Near-term support is at 0.7935, followed by the bottom support trend line of the price channel, only a clear break below the channel support could signal completion of the uptrend....
S&P 500 The S&P 500 sold-off rather drastically during the session on Tuesday, as US traders came back to work. However, you can see that we found support at the 2450 level and ended up forming a hammer for the day. This shows just how resilient the market is, and with this being the case it’s likely that the algorithms will step back into the market and by each dip. While I think that the market may need to pull back in order to get a nice correction, we may not get that in the short term. Currently, the only thing you can do is buy, as I certainly wouldn’t be shorting this market. This correction that is coming could be soon, bu...
Payday loans have become an increasingly popular form of funding in recent years, largely because of their accessible nature. It is now common for people who are tight on cash to secure a loan from a company like Smart Pig to tide them over until payday’s arrival. Here are some of the factors every person thinking of taking out a payday loan should consider. Do You Really Need it? The first thing anyone seeking to take out a payday loan should consider is why they are taking it out and whether it is entirely necessary. Whilst the average amount a person may take out with a payday loan may be relatively small, the amount they pay back...
In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing. The official policy goal of the Federal Reserve and other central banks is to generate 3% inflation annually. Put another way: the central banks want to lower the purchasing power of their currencies by 33% every decade. In other words, those with fixed incomes that don’t keep pace with inflation will have lost a third of their income after a decade of central bank-engineered inflation. There is a core structural problem with engineering 3% annual inflation. Those whose income doesn’t keep pace are g...
AT40 = 44.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 48.5% of stocks are trading above their respective 200DMAsVIX = 12.2 (was as high as 14.1)Short-term Trading Call: neutral CommentaryAnother North Korean nuclear power move caused more rattling in financial markets. The last time the market cared about the growing drama on the Korean peninsula was August 29th. At that time, the S&P 500 (SPY) gapped down at the open, and the volatility index (the VIX) gapped up. By the close, all was well again as buyers quickly stepped in. The S&P 500 closed flat on the day, and the VIX ended the day wit...
August 2017 was something of a mixed month for dividend-paying stocks in the U.S. stock market. On the plus side, the number of U.S. firms announcing dividend increases was up and the number of firms announcing dividend cuts were down, both month over month and year over year, both of which are positive indications of the health of the private sector of the U.S. economy. Zooming in a little closer on the dividend cut portion of the bigger picture…. What makes the picture for the dividend-paying sector of the U.S. economy a mixed one is the sharp increase in the number of firms that omitted making dividend payments in August 2017, wher...