Author: rcanessa - Page 21

Bitcoin is a myth, says Central Bank of France

Bitcoin does not perform the functions of the currency well, according to the French central bank.
The so-called stablecoins and CBDCs are also addressed in the study.

The central bank of France states in its most recent newsletter, dedicated to means of payment, that Bitcoin has not fulfilled its initial proposal to “replace legal currencies.” In the document entitled Digital currencies: from myth to innovative projects, the Bank of France also addresses stablecoins, as well as the experiments carried out by that institution with the digital euro.

The French central bank report also highlights the use of bitcoin as a “speculative investment” and to “make payments under a pseudonym, which helps protect privacy, but also facilitates the financing of criminal activities.” He even goes so far as to call Bitcoin a “pseudo-currency.”

Effects of Macroeconomic Events in the Forex Market

by rcanessa

The traders and investors that trades in the Forex market in the short term focus mainly on the most important economic news of the week and how they can affect the prices of different currency pairs in the market. This can work well for many traders, however it is also important to take into account the most important economic events worldwide. The reason is that large-scale macroeconomic events usually generate significant movements in markets. The effect results in a change that goes beyond a simple variation in prices that may last one or two days, depending on its scope and importance, and have the potential to transform the viewpoint or fundamental consensus for periods that can last for months or years.

For example, events such as wars, natural disasters, international high-level meetings, political uncertainty, and others, often have significant physical and psychological effects on the financial markets like Forex because of their rarity and their irregularity. These events can cause radical changes in the currencies value, so the trader should keep an eye on them, analyze and understand the underlying direction of the market sentiment before and after the macroeconomic event occurs, and anticipate the market reaction. All this can help investors make high profits or at least allows you to prevent major losses that could even end up with your trading account.

COVID-19 Crisis Triggers Global Debt

by rcanessa

The COVID-19 pandemic is also having dire consequences for the economy. One of the most notable effects in a large increase in public and private debt.

The world was still resentful of the great recession of 2008 when the Coronavirus health crisis erupted. With the virus spreading massively and many economies still paralyzed, states are coming to the rescue of the economy. For this, large economic stimulus programs are required, which, among other measures, include tax cuts, tax exemptions and loans on favorable terms.

Trying to avoid the fall of strategic companies, to support small entrepreneurs and to avoid a fall in the income of the most affected workers, the governments issue debt to obtain the necessary financing.

Shelley: user rewards, decentralization for Cardano

by rcanessa

Shelley introduces in Cardano a new consensus algorithm based on Proof of Participation (PoS).
ADA token owners will be able to earn rewards for block production.

Decentralization has come to Cardano from Shelley, one of its most anticipated forks of 2020.

After almost a month of delay, the community finally witnessed yesterday the launch of this latest update. It allowed the Cardano blockchain to leave behind its centralized network scheme, known as Byron, to begin charting a new, more decentralized path with Shelley.

Pattern Recognition Master Indicator for Metatrader 4 and 5

by rcanessa

In this article, we will explain a custom indicator for Metatrader 4, called Pattern Recognition Master, which detects different price patterns in charts automatically, which save time for the trader and eliminates the possibility of ignoring patterns or confusing one price pattern with another. For many traders, the price action is the best indicator of current and future market behavior, and … Read more

Multiple Time Frame Analysis Trading – Guide For Beginners

by rcanessa

In Forex trading we have at our disposal all kinds of trading tools and strategies, with which we can take advantage of the available capital and obtain a better return.

In this article we are going to explain a trading methodology that is based on the analysis of multiple time frames simultaneously, for trading in favor of the largest trends and find the best entry points.

It is slightly more complex than other methods, since it involves observing at least three time frames at the same time before entering the market: short, medium and long term.

Bank for International Settlements (BIS)

by rcanessa

Bank International of Payments organization

What is the Bank for International Settlements (BIS)? The Bank for International Settlements, or BIS because of its acronym in English, is an international organization dedicated to stimulating monetary and financial cooperation worldwide. This large entity is often seen as a kind of central bank supervisor. This organism was born in 1930 and is therefore considered the oldest financial institution … Read more

Personal Income and Consumption Index Indicator

by rcanessa

General definition

The Personal Income and Consumption Index is a report from the United States that includes both personal income and consumption expenditures from all sources. This is a monthly figure, which always refers to the two previous months in which the Bureau of Economic Analysis of the Department of Commerce discloses the report.

In this case, the personal income and savings data, which is also covered by the report, provide economists and market analysts an insight into future spending (consumption) trends in the economy of the United States.

Major Economic Indicators for Switzerland and the Swiss Franc (CHF)

by rcanessa

The list of economic indicators shown below is of high relevance for both Switzerland and the Swiss franc (CHF), its current fiat currency, and therefore should be followed carefully by traders and investors who trade with this currency (currency pairs like the USD/CHF and EUR/CHF).

Satoshi Nakamoto – Who Created Bitcoin?

by rcanessa

Satoshi Nakamoto (1975-present) is the fictitious name of the person (or group of people) who developed Bitcoin.

Although his identity is uncertain, there are several versions of his real identity. Obviously, some versions have more weight than others. In any case, it is believed that his profile is that of a mathematician and cryptographer, around 40 years old. Despite being of Japanese origin, he speaks perfect English. Hence, some versions doubt that the Bitcoin developer is actually Japanese.

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