With two Brexit deadlines in 2020, it’s already looking like an eventful year for sterling. For more details on key events coming up for the pound, euro and dollar in 2020, be sure to download Smart Currency Business’s upcoming Quarterly Forecast, which will be released mid-January.
To deliver a quality performance in any business, you need good planning. You must understand how to trade efficiently in the markets. But before starting a career in the Forex marketplace, you must understand the consequences of trading currency instruments.
A trade war is unlikely to turn into a currency war, and the yuan’s exchange rate against the dollar should stabilize and be slightly lower than it was before the trade war. However, this situation is not what the United States wants to see, and how it will develop still needs to be observed to further respond to the depreciation of the RMB.
Facebook recently announced a “blockchain powered currency” called Libra which appears to be a potentially game changing development in payments. Although there is scepticism and uncertainty, Facebook’s Libra initiative is something to be encouraged and applauded. With the caveat that FB needs to be watched very carefully as it has over the years proclaimed in its various mission statements that it wants to “move fast, break things, build things and add stable infrastructure”.
The U.S. legislative body has set congressional hearings after several lawmakers raised concerns hours after social media giant, Facebook, announced its entry into the digital currency market via Libra.
The world’s largest exporter, China is set to grow with its huge Belt and Road Initiative (BRI) over the next few years. TFG heard from Lantana Tech’s CEO, Derek Lee, on some of the challenges and opportunities within this market.
Donald Trump once referred to Kim Jon-un as the Little Rocket Man. And now he says he’s in love with him as he writes beautiful letters to Trump. When it comes… read more →
In an early scene in the Hollywood blockbuster, “The Wolf of Wall Street”, Matthew McConaughey, acting as a senior broker, describes predicting the value of a stock as a ‘Fugazi’…… read more →