Will a Weak US Dollar Push Yen Higher This Week?
Japanese equity markets (EWJ) broke their nine-week gaining streak with the Nikkei 225 (JPXN) posting a weekly loss of 1.3% for the week ending November 17.
The British pound (FXB) appreciated by 0.17% against the US dollar (UUP) for the week ending November 17.
The euro-dollar (FXE) closed the week ending November 17 at 1.2, appreciating by 1.1% against the US dollar (UUP).
The US Dollar Index (UUP) continued to struggle as the fate of US tax reform remains uncertain.
For the week ending November 17, the S&P 500 Index (SPY) closed at 2,578, depreciating by 0.13% for the week.
US markets were dragged lower by global slowdown concerns and lower energy prices last week. The S&P 500 Index (SPY) fell 0.13% in the week ending November 17.
The founder of bitcoin, in his first paper on cryptocurrencies and in his blog posts, compared bitcoin with digital gold as well as with cash.
Bitcoin has been rallying for the past year, with some proponents advocating that it could replace fiat currencies in the future.
The most important concern that governments have about cryptocurrencies is anonymity.
If you have purchased bitcoin currency, and it’s now in your digital wallet, there will likely be a time that you’ll want to conduct a transaction with it.
In the crypto-universe, saving bitcoin is done by e-wallets like those offered by Samsung, Apple, or PayPal, which let you save money and cryptocurrencies.
In the case of bitcoin, the safety of the system is linked with the bitcoin algorithm, which miners keep solving to generate new coins and maintain the system.
It’s important that we understand the core technology behind cryptocurrencies if we want to appreciate the ingenuity of the bitcoin creation.
In the bitcoin world, mining involves investing a lot of capital in computer hardware and competing with fellow miners to solve a complex mathematical problem.
Satoshi Nakamoto is considered to be the founder of bitcoin, but the actual identity of Satoshi Nakamoto is not known.
Core sales—excluding energy (XLE), building materials, and auto sales—also rose 0.4% in October, which is a positive sign for the economy.
The October Producer Price Index rose 0.4% month-over-month, and it was unchanged compared to the September reading. On a year-over-year basis, the index has risen 2.8%.
The Japanese yen (JYN) managed a positive close last week after three weeks of continuous fall.
The British pound (FXB) appreciated by 0.88% against the US dollar (UUP) for the week ending November 10.
The euro-dollar (FXE) pair closed the week ending November 10 at 1.2, appreciating 0.48% against the US dollar (UUP).