Traders need to understand law and politics.
Fortunately for Mr Biden’s political economy, the vast majority of Americans have no where else to go. Being a digital nomad may be an option for a number of Americans, but even as foreign exchange rates between the US dollar, the pound, and the euro flirt with parity, Mr Biden realizes he has a captive audience that will opt for the greater availability of resources here in the U.S.
Mr Biden’s framework amounts to word salad designed to buy more votes for a political problem that does not exist. Can Mr Biden afford to alter the expectations of the sixteen percent of Americans already holding or trading crypto?
In October 2021, Chainalysis listed Vietnam, India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela, the United States, Togo, and Argentina as the … More
In this small example, the edge could simply be knowing that until an opinion is read fully, you should not assume any price action on a first reading is the right one. A trader should consider understanding the impact of political decision making as part of her edge.
I am taking a different approach when monitoring foreign exchange and cryptocurrency rates. The battle between East and West is one traders should be looking at. Today, take a look at the price of the dollar and the rouble in terms of various BRIC nations. Will commodity nations take the day by having their resources pegged to a reserve currency?
Keeping our eye on bitcoin, ether, Nigeria, Venezuela, Russia, India, and China.
How the globe views the dollar affects you at home…. Currency Pair Today’s bid Today’s ask Broker’s spread USD/ETH 0.0006 … More
Is bitcoin a hedge against inflation? I hear that a lot, but one should be wary of the sources of that argument. They are a bunch of speculators on YouTube making that argument versus regular consumers making household purchases. The consumer price inflation index does not incorporate speculation in its household shopping cart and nor should you.
If a growing number of US citizens stop using their own currency, what impact do you think that will have on global demand for the currency? In addition, what would be the impact on lower- and middle-income American consumers?
USD/XCD=2.70 USD/DOP=53.3116 USD/HTG=127.4900 USD/JMD=149.6240 USD/BBD=2.00 USD/TTD=6.6329 USD/GYD=199.3480 USD/BTC=0.0000 USD/ETH=0.00054 Source: OANDA
I don’t pretend to be a software engineer. Never played one on TV, but if that string of code actually contained information that supported some ground breaking event or new technology, then maybe crypto would finally have some anchor point from whence investors would see continued progression.
Alton Drew's The Interbank Market 