Rise for the yen, other Asia-Pacific currencies in forex marketsRise for the yen, other Asia-Pacific currencies in forex marketsRise for the yen, other Asia-Pacific currencies in forex markets

Grayscale Capital, the producer of exchange-traded shares based on leading digital coins, appear to be shifting its strategy on inviting institutional investors. There has been some changes with its GBTC shares, which are on a special offer, with their Bitcoin (BTC) component at Native Asset Value (NAV).Shares of the Grayscale Bitcoin Trust (GBTC) typically are sold based on current demand. This also means some investors have in the past been willing to pay a premium compared to spot BTC prices. However now Grayscale aims to boost demand by offering cheaper exposure to BTC.GBTC reopened its private placement window, which allows accredited investors to buy shares at face value (rather than paying a premium on secondary markets). GBTC holds around 238K Bitcoin. The last time window opened (July), it saw 14K in inflows, about 8 days of miner issuance . A lowered premium is seen as a loss of demand and a negative attitude to BTC. Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Asset Gates broker scam) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Stock Global broker scam Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

Pound plummets in forex markets after more Brexit problemsPound plummets in forex markets after more Brexit problemsPound plummets in forex markets after more Brexit problems

Commenting on the rising Brexit optimism following Thursday’s talks between Irish Prime Minister Leo Varadkar and his British counterpart, Boris Johnson, “today is an injection of some much-needed optimism but mark my words, we are not there yet,” said Irish Foreign Minister Simon Coveney, per Reuters.“The positivity has to translate to negotiation in Brussels, into detail,” Coveney added and noted that they still need to find a way forward on areas of consent and customs.These comments don’t seem to be having a negative impact on the British Pound. As of writing, the GBP/USD pair was up 1.9% at 1.2438 and was on track to post its largest daily percentage gain in more than seven months.Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for Stock Global broker reviews advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

Problems for dollar in forex markets as difficult US data releasedProblems for dollar in forex markets as difficult US data releasedProblems for dollar in forex markets as difficult US data released

Assessing Thursday’s inflation report from the United States (US), “September Core Consumer Price Index (CPI) inflation came in below expectations at 0.1% mom (ABN/consensus: 0.2%), while the annual measure was in line at 2.4% yoy (the difference due to rounding),” noted ABN AMRO senior economist Bill Diviney. “The downside surprise was driven by bigger payback in core goods inflation than we had factored into our forecast, with used cars and apparel registering declines on the month. More importantly for the outlook, core services inflation (excluding shelter, transportation and medical) has continued to soften, with annual inflation falling to 1.6% yoy – the weakest since March 2018.”“Services is where you would expect to see the effects of a tight labour market and higher wage growth, but there is still little sign that businesses are passing on higher unit labour cost growth. With the labour market now weakening (albeit modestly), and wage growth looking to have peaked for the time being, the prospects for a meaningful pickup in inflation continue to dim.”“While not the driver of rate cuts for most on the FOMC, muted inflation is certainly an enabler of easier policy. As such, the continued softness supports our expectation of further Fed rate cuts in October and December.” Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Stock Global forex broker Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .

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