Sergey Golubev / 프로필

Bitcoin hits news record, approaches USD1000 level (source - investing.com)

The price of virtual currency Bitcoin rose to a new record high on Wednesday, with the price of one Bitcoin briefly reaching USD977, as the Bitcoin community prepares to hold its own Black Friday event.

The currency approached the USD1000 level, with BTC/USD briefly rising to 977 on the world’s largest Bitcoin exchange, the Tokyo based MT Gox before falling back to USD960. This compares to a price of about USD200 in October.

Bitcoin entrepreneur Jon Holmquist has launched a website called Bitcoin Black Friday, aimed at raising awareness about the controversial cryptocurrency, by offering deals on the biggest U.S. shopping day of the year.

Somewhere beyond the sea ...

After ...

GOLD TECHNICAL ANALYSIS

Weekly outlook: November 25 - 29

USDJPY Tachnical Analysis

Bigger than Libor? Forex probe hangs over banks

A global investigation into forex trading abuses is the latest legal headache for the banking industry.
The [forex and Libor] benchmarks have a knock-on effect to all of these other markets," Kovel said. Assistant professor of law at Wake Forest University Andrew Verstein agrees.

Gold is NOW at our price level (based on forexminute.com article)

We argue for you to consider buying a small position in Gold at this panic low.
If you don’t know by now, panic lows in Gold do not last long.

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Good morning

The European Central Bank is considering a smaller-than-normal cut in the deposit rate if officials decide to take it negative for the first time, according to two people with knowledge of the debate.
read more here http://www.bloomberg.com/news/2013-11-20/ecb-said-to-consider-mini-deposit-rate-cut-if-more-easing-needed.html

Forex Brokers (adapted from "Is Switching Brokers Ever a Good Idea?" article by dailyforex.com)

1. Most Forex brokers are not actually exchanging any currency on the market. They are simply providing a price feed, the movements of which their clients are allowed to bet on in exchange for two effective fees: the spread or commission, and a small overnight charge that is incurred every night any position is left open. These brokers are in adversarial relationships with their clients: they make money when their clients lose, and lose money when their clients win.

2. The remaining Forex brokers tend to monitor the trades of their clients that have records of trading profitably, and cover the aggregate positions of these traders with a bank. These brokers have a less adversarial relationship with their clients, but still can face problems in adequately covering themselves in fast-moving markets.

3. The real Forex market is dominated by four large banks that together make up about 85% of the market’s volume.

4. Much of the Forex industry has a bad reputation and is poorly regulated.