Currency

Watching the Stochastic RSI on This Stock – Aiken Advocate

October 1, 2017 Aiken Contributor      Tracking the numbers for Ishares Europe Smallcap Currency Hedged (HEUS), we have recently spotted a possible bullish divergence using the 14 day Stochastic RSI. Traders may be following this reading to identify possible near-term strength or a possible reversal. The Average Directional Index or ADX ...

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Japan’s financial watchdog gives official endorsement to 11 crypto-currency exchanges

Japan’s financial watchdog gives official endorsement to 11 crypto-currency exchanges October 1, 2017 | 1:24 PM by Reuters Tokyo: Japan’s Financial Services Agency (FSA) said on Friday it has approved 11 companies as operators of crypto-currency exchanges, in a move that sets the country apart from its neighbours which are tightening their grip on virtual money. The Japanese government recognised ...

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Chinese investors bemoan Beijing’s bitcoin crackdown

BEIJING – Beijing’s decision to shut down Bitcoin trading platforms has left investors scrambling to cut their losses and threatens to deprive the crypto-currency of a crucial market. “The authorities don’t understand anything about bitcoin!” fumed Zhang Yanhua, founder of an investment fund that was dead on arrival after Beijing started tightening the screws at the start of the ...

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Spectre of Zimbabwe hyperinflation triggers panic-buying

For Zhemi, it was a worrying sign that Zimbabwe’s chronic economic collapse could be heading for another vicious downwards spiral of basic shortages, hyperinflation and social chaos. Zhemi’s heart sank as he drove on, hoping to refuel at the next station, but at least 40 other cars were queueing on the side of the road towards the petrol pumps. “Immediately, ...

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Kashmiri among 5 arrested for fake money

Lucknow: Fake currency with a face value of Rs 16 lakh and the equipment to print them were seized after the arrest of five people involved in the international racket, police said on Sunday. Some illegal foreign currency was also seized from them, the UP Police said in a statement. Mushtaq Ahmed Khan Gojar, a resident of Bandipora district of ...

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Chinese investors bemoan Beijing’s bitcoin crackdown, Banking News & Top Stories

BEIJING (AFP) – Beijing’s decision to shut down bitcoin trading platforms has left investors scrambling to cut their losses and threatens to deprive the crypto-currency of a crucial market. “The authorities don’t understand anything about bitcoin!” fumed Zhang Yanhua, founder of an investment fund that was dead on arrival after Beijing started tightening the screws at the start of the ...

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International fake currency racket with Pak links busted, J&K resident among 5 held

Summary: Rampur/Bijnor: An international fake currency syndicate, being controlled from Pakistan and Thailand, was on Saturday busted in Amroha district with the arrest of five persons, including a Jammu and Kashmir resident. Counterfeit currencies of the US, Myanmar, Malaysia and Thailand having face value of Rs 15 lakh were seized by police in two raids conducted in Amroha and Moradabad ...

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Russia’s dollar drought sparks record $1.5bn of swaps

The rouble is ignoring a surge in crude prices as a shortage of dollars in Russia sends investors scrambling for the US currency.Demand for greenbacks in the world’s biggest oil exporter drove the rouble down 0.2% this month, even as Brent surged 11%. According to Danske Bank, the Bank of Russia’s decision to provide $1.5bn of overnight swaps on Tuesday – ...

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Japan Issues Cryptocurrency Exchange Licenses

In stark contrast to its neighbors China and South Korea, who are increasing efforts to ban ICO’s and the trade in digital currencies, The Financial Services Agency (FSA) in Japan approved 11 companies to operate cryptocurrency exchanges in the country. Exchanges are now allowed to operate without a license up until this point but regulating the industry will aid in the ...

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