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Expert explains: Forex fundamental technical news trading
Fundamental Forex Trading Strategies - FX Leaders
I've been thinking a lot about my own trading and have come to some harsh conclusions. It's time we discuss some hard truths about technical analysis, mechanical trading, and psychology I think many of us don't want to accept.
I've had a rough week and it sounds like I'm not the only one. This week has wiped out my gains since July 1st, and I'm finding myself ever-so-slightly in the hole this month so far. I've made money every other month I've traded, so I'm not writing myself off as a failure, but nevertheless, I've done some digging to try and figure out what I'm struggling with. I hope the following observations about my own trading resonate with some of you and can help us all become better traders. First off: Fundamental/technical analysis. Since I started with forex a few years ago, I've put 100% of my time and effort into studying technicals. I think many traders, myself included, are drawn to technical analysis because we fall into the trap of thinking "If I just figure out what combination of indicators/chart patterns/algorithms work for me, trading will be smooth sailing." Being able to take a formulaic approach is incredibly appealing because it's much easier to simply check off a list of criteria than it is to interpret more nuanced information. For me, I found success drawing supply and demand zones, using Bollinger Bands to visualize market structure, and confirming reversal patterns with stochastics to trade from one zone to the next. I even studied the math behind those indicators to make sure I fully understood how they worked so I could identify their limitations, and for the most part, the strategy made money. Nevertheless, if I had a dollar for every time I take what I think is a perfect setup, then the market takes me on a wacky-ass ride of unexpected "crazy bullshit" that stops me out, I wouldn't be trading for a living. After some introspection, my conclusion is that those moments are not "crazy bullshit", but rather are the results of factors that fall outside of the (actually very narrow) scope of technical analysis. This has been hard to accept, as I previously learned technical analysis was perfectly viable as a sole perspective. I was taught that the market can be predicted based on analyzing past behavior. It seems obvious now, but when I think about it, no combination of chart patterns or indicators can predict next week's unemployment figures, interest rates, or what announcements (or blunders) world leaders are going to make on the global stage. Technicals work, but they only work when the market is reacting to fundamental factors, and as soon as a new fundamental change comes along, every bit of technical analysis used until that point becomes obsolete. What I'm trying to say is, at the very least, I need to be able to understand when, why, and how the game is going to change if my technicals are going to serve me. As such, I need to stop shirking fundamental analysis. It's time I start paying attention to that economic calendar and put in the effort to learn what each event means and how to interpret the results to figure out how the market will react. It's simply not as easy as looking at the technicals. It should be obvious that there's no magic formula to trading, but many of us try hard to avoid coming to terms with the fact that there's a lot more to "analysis" than just price action, risk management, and indicators. The problem is we as traders want trading to be easy. It's a career that society glorifies, and even if we tell ourselves we know it's not a get-rich-quick scheme, we still want to "figure it out" so we can spend a few hours a week scribbling on our charts and making simple black and white decisions while we kick back and "live comfortably". And so we try to trick ourselves into thinking it is easy by endlessly parroting mantras like "Risk management is all that matters" and "Trading is 100% psychology" and "All you need to do is find the strategy that works for you and stick to it." The first two are certainly pieces of the puzzle, but there's so much more to the big picture. The last mantra isn't even remotely true, and brings me to my second point, which thankfully is something I figured out early in my career, but it's too related to the previous topic to not mention: Mechanical strategies. The sentiment that you need to clearly define a precise, detailed strategy and always stick to it is another lie to make trading seem simpler than it really is. Even when I was just starting to demo trade, I was finding trades that would tick all the boxes outlined by my strategy, but my gut would hesitate. Long after I identified that problem, I also began to notice that I'd be forcing myself to hold onto trades, even if they were not moving as fast or far as I initially thought they would. Once I decided to leave room for my own instinct and discretion, I became much more successful. It's important to understand your strategy is a set of rules you yourself made up. If your strategy does not line up with your own professional opinion of the situation based on your personal experiences and observations, you need to find out why. Yes, you absolutely should draw on your past experiences and be consistent in how you examine the market, how much you risk, and what tools you use, but give yourself enough credit to form your own opinions. The market is not consistent. Do not expect to succeed by applying one cookie-cutter set of rules to different currencies, at different times, during different events. Long-term success in any other line of work is dependent on critical thinking and the ability to adapt to an ever-changing world, and forex is no different. It's not simple, it's not easy, and you will have to make difficult decisions. This wound up being longer than I anticipated, so thanks for reading. I'm eager to hear everyone's thoughts on these topics, so please share them.
I am 3 weeks into trading forex news releases and have ran across my first major roadblock: The euro stretch. European countries like france, germany, spain and others seem to release their economic news into chunks that all seem to impact the euro in non consistent ways amongst countries. I feel like while the markets are random, the impact of economic events should have a deterministic impact on the direction of the markets. When trading the euro today, the market seemed to move counter intuitively to everything up to the european central bank announcements that caused a bullish spike. the way I saw it, it was as if the movements prior to the european central bank spike were random in behavior. this completely contradicts the previous night where each countries economic release led to an almost unionized move in the markets. since the economic calendar is fundamental then their ought to be a logical explanation for the events and movements that transpired such that I can note them for future trades but I am stumped at the moment. can someone help me interpret what happend? thanks!
The majority of this sub is focused on technical analysis. I regularly ridicule such "tea leaf readers" and advocate for trading based on fundamentals and economic news instead, so I figured I should take the time to write up something on how exactly you can trade economic news releases. This post is long as balls so I won't be upset if you get bored and go back to your drooping dick patterns or whatever.
How economic news is released
First, it helps to know how economic news is compiled and released. Let's take Initial Jobless Claims, the number of initial claims for unemployment benefits around the United States from Sunday through Saturday. Initial in this context means the first claim for benefits made by an individual during a particular stretch of unemployment. The Initial Jobless Claims figure appears in the Department of Labor's Unemployment Insurance Weekly Claims Report, which compiles information from all of the per-state departments that report to the DOL during the week. A typical number is between 100k and 250k and it can vary quite significantly week-to-week. The Unemployment Insurance Weekly Claims Report contains data that lags 5 days behind. For example, the Report issued on Thursday March 26th 2020 contained data about the week ending on Saturday March 21st 2020. In the days leading up to the Report, financial companies will survey economists and run complicated mathematical models to forecast the upcoming Initial Jobless Claims figure. The results of surveyed experts is called the "consensus"; specific companies, experts, and websites will also provide their own forecasts. Different companies will release different consensuses. Usually they are pretty close (within 2-3k), but for last week's record-high Initial Jobless Claims the reported consensuses varied by up to 1M! In other words, there was essentially no consensus. The Unemployment Insurance Weekly Claims Report is released each Thursday morning at exactly 8:30 AM ET. (On Thanksgiving the Report is released on Wednesday instead.) Media representatives gather at the Frances Perkins Building in Washington DC and are admitted to the "lockup" at 8:00 AM ET. In order to be admitted to the lockup you have to be a credentialed member of a media organization that has signed the DOL lockup agreement. The lockup room is small so there is a limited number of spots. No phones are allowed. Reporters bring their laptops and connect to a local network; there is a master switch on the wall that prevents/enables Internet connectivity on this network. Once the doors are closed the Unemployment Insurance Weekly Claims Report is distributed, with a heading that announces it is "embargoed" (not to be released) prior to 8:30 AM. Reporters type up their analyses of the report, including extracting key figures like Initial Jobless Claims. They load their write-ups into their companies' software, which prepares to send it out as soon as Internet is enabled. At 8:30 AM the DOL representative in the room flips the wall switch and all of the laptops are connected to the Internet, releasing their write-ups to their companies and on to their companies' partners. Many of those media companies have externally accessible APIs for distributing news. Media aggregators and squawk services (like RanSquawk and TradeTheNews) subscribe to all of these different APIs and then redistribute the key economic figures from the Report to their own subscribers within one second after Internet is enabled in the DOL lockup. Some squawk services are text-based while others are audio-based. FinancialJuice.com provides a free audio squawk service; internally they have a paid subscription to a professional squawk service and they simply read out the latest headlines to their own listeners, subsidized by ads on the site. I've been using it for 4 months now and have been pretty happy. It usually lags behind the official release times by 1-2 seconds and occasionally they verbally flub the numbers or stutter and have to repeat, but you can't beat the price! Important - I’m not affiliated with FinancialJuice and I’m not advocating that you use them over any other squawk. If you use them and they misspeak a number and you lose all your money don’t blame me. If anybody has any other free alternatives please share them!
How the news affects forex markets
Institutional forex traders subscribe to these squawk services and use custom software to consume the emerging data programmatically and then automatically initiate trades based on the perceived change to the fundamentals that the figures represent. It's important to note that every institution will have "priced in" their own forecasted figures well in advance of an actual news release. Forecasts and consensuses all come out at different times in the days leading up to a news release, so by the time the news drops everybody is really only looking for an unexpected result. You can't really know what any given institution expects the value to be, but unless someone has inside information you can pretty much assume that the market has collectively priced in the experts' consensus. When the news comes out, institutions will trade based on the difference between the actual and their forecast. Sometimes the news reflects a real change to the fundamentals with an economic effect that will change the demand for a currency, like an interest rate decision. However, in the case of the Initial Jobless Claims figure, which is a backwards-looking metric, trading is really just self-fulfilling speculation that market participants will buy dollars when unemployment is low and sell dollars when unemployment is high. Generally speaking, news that reflects a real economic shift has a bigger effect than news that only matters to speculators. Massive and extremely fast news-based trades happen within tenths of a second on the ECNs on which institutional traders are participants. Over the next few seconds the resulting price changes trickle down to retail traders. Some economic news, like Non Farm Payroll Employment, has an effect that can last minutes to hours as "slow money" follows behind on the trend created by the "fast money". Other news, like Initial Jobless Claims, has a short impact that trails off within a couple minutes and is subsequently dwarfed by the usual pseudorandom movements in the market. The bigger the difference between actual and consensus, the bigger the effect on any given currency pair. Since economic news releases generally relate to a single currency, the biggest and most easily predicted effects are seen on pairs where one currency is directly effected and the other is not affected at all. Personally I trade USD/JPY because the time difference between the US and Japan ensures that no news will be coming out of Japan at the same time that economic news is being released in the US. Before deciding to trade any particular news release you should measure the historical correlation between the release (specifically, the difference between actual and consensus) and the resulting short-term change in the currency pair. Historical data for various news releases (along with historical consensus data) is readily available. You can pay to get it exported into Excel or whatever, or you can scroll through it for free on websites like TradingEconomics.com. Let's look at two examples: Initial Jobless Claims and Non Farm Payroll Employment (NFP). I collected historical consensuses and actuals for these releases from January 2018 through the present, measured the "surprise" difference for each, and then correlated that to short-term changes in USD/JPY at the time of release using 5 second candles. I omitted any releases that occurred simultaneously as another major release. For example, occasionally the monthly Initial Jobless Claims comes out at the exact same time as the monthly Balance of Trade figure, which is a more significant economic indicator and can be expected to dwarf the effect of the Unemployment Insurance Weekly Claims Report. USD/JPY correlation with Initial Jobless Claims (2018 - present) USD/JPY correlation with Non Farm Payrolls (2018 - present) The horizontal axes on these charts is the duration (in seconds) after the news release over which correlation was calculated. The vertical axis is the Pearson correlation coefficient: +1 means that the change in USD/JPY over that duration was perfectly linearly correlated to the "surprise" in the releases; -1 means that the change in USD/JPY was perfectly linearly correlated but in the opposite direction, and 0 means that there is no correlation at all. For Initial Jobless Claims you can see that for the first 30 seconds USD/JPY is strongly negatively correlated with the difference between consensus and actual jobless claims. That is, fewer-than-forecast jobless claims (fewer newly unemployed people than expected) strengthens the dollar and greater-than-forecast jobless claims (more newly unemployed people than expected) weakens the dollar. Correlation then trails off and changes to a moderate/weak positive correlation. I interpret this as algorithms "buying the dip" and vice versa, but I don't know for sure. From this chart it appears that you could profit by opening a trade for 15 seconds (duration with strongest correlation) that is long USD/JPY when Initial Jobless Claims is lower than the consensus and short USD/JPY when Initial Jobless Claims is higher than expected. The chart for Non Farm Payroll looks very different. Correlation is positive (higher-than-expected payrolls strengthen the dollar and lower-than-expected payrolls weaken the dollar) and peaks at around 45 seconds, then slowly decreases as time goes on. This implies that price changes due to NFP are quite significant relative to background noise and "stick" even as normal fluctuations pick back up. I wanted to show an example of what the USD/JPY S5 chart looks like when an "uncontested" (no other major simultaneously news release) Initial Jobless Claims and NFP drops, but unfortunately my broker's charts only go back a week. (I can pull historical data going back years through the API but to make it into a pretty chart would be a bit of work.) If anybody can get a 5-second chart of USD/JPY at March 19, 2020, UTC 12:30 and/or at February 7, 2020, UTC 13:30 let me know and I'll add it here.
So without too much effort we determined that (1) USD/JPY is strongly negatively correlated with the Initial Jobless Claims figure for the first 15 seconds after the release of the Unemployment Insurance Weekly Claims Report (when no other major news is being released) and also that (2) USD/JPY is strongly positively correlated with the Non Farms Payroll figure for the first 45 seconds after the release of the Employment Situation report. Before you can assume you can profit off the news you have to backtest and consider three important parameters. Entry speed: How quickly can you realistically enter the trade? The correlation performed above was measured from the exact moment the news was released, but realistically if you've got your finger on the trigger and your ear to the squawk it will take a few seconds to hit "Buy" or "Sell" and confirm. If 90% of the price move happens in the first second you're SOL. For back-testing purposes I assume a 5 second delay. In practice I use custom software that opens a trade with one click, and I can reliably enter a trade within 2-3 seconds after the news drops, using the FinancialJuice free squawk. Minimum surprise: Should you trade every release or can you do better by only trading those with a big enough "surprise" factor? Backtesting will tell you whether being more selective is better long-term or not. Hold time: The optimal time to hold the trade is not necessarily the same as the time of maximum correlation. That's a good starting point but it's not necessarily the best number. Backtesting each possible hold time will let you find the best one. The spread: When you're only holding a position open for 30 seconds, the spread will kill you. The correlations performed above used the midpoint price, but in reality you have to buy at the ask and sell at the bid. Brokers aren't stupid and the moment volume on the ECN jumps they will widen the spread for their retail customers. The only way to determine if the news-driven price movements reliably overcome the spread is to backtest. Stops: Personally I don't use stops, neither take-profit nor stop-loss, since I'm automatically closing the trade after a fixed (and very short) amount of time. Additionally, brokers have a minimum stop distance; the profits from scalping the news are so slim that even the nearest stops they allow will generally not get triggered. I backtested trading these two news releases (since 2018), using a 5 second entry delay, real historical spreads, and no stops, cycling through different "surprise" thresholds and hold times to find the combination that returns the highest net profit. It's important to maximize net profit, not expected value per trade, so you don't over-optimize and reduce the total number of trades taken to one single profitable trade. If you want to get fancy you can set up a custom metric that combines number of trades, expected value, and drawdown into a single score to be maximized. For the Initial Jobless Claims figure I found that the best combination is to hold trades open for 25 seconds (that is, open at 5 seconds elapsed and hold until 30 seconds elapsed) and only trade when the difference between consensus and actual is 7k or higher. That leads to 30 trades taken since 2018 and an expected return of... drumroll please... -0.0093 yen per unit per trade. Yep, that's a loss of approx. $8.63 per lot. Disappointing right? That's the spread and that's why you have to backtest. Even though the release of the Unemployment Insurance Weekly Claims Report has a strong correlation with movement in USD/JPY, it's simply not something that a retail trader can profit from. Let's turn to the NFP. There I found that the best combination is to hold trades open for 75 seconds (that is, open at 5 seconds elapsed and hold until 80 seconds elapsed) and trade every single NFP (no minimum "surprise" threshold). That leads to 20 trades taken since 2018 and an expected return of... drumroll please... +0.1306 yen per unit per trade. That's a profit of approx. $121.25 per lot. Not bad for 75 seconds of work! That's a +6% ROI at 50x leverage.
Make it real
If you want to do this for realsies, you need to run these numbers for all of the major economic news releases. Markit Manufacturing PMI, Factory Orders MoM, Trade Balance, PPI MoM, Export and Import Prices, Michigan Consumer Sentiment, Retail Sales MoM, Industrial Production MoM, you get the idea. You keep a list of all of the releases you want to trade, when they are released, and the ideal hold time and "surprise" threshold. A few minutes before the prescribed release time you open up your broker's software, turn on your squawk, maybe jot a few notes about consensuses and model forecasts, and get your finger on the button. At the moment you hear the release you open the trade in the correct direction, hold it (without looking at the chart!) for the required amount of time, then close it and go on with your day. Some benefits of trading this way: * Most major economic releases come out at either 8:30 AM ET or 10:00 AM ET, and then you're done for the day. * It's easily backtestable. You can look back at the numbers and see exactly what to expect your return to be. * It's fun! Packing your trading into 30 seconds and knowing that institutions are moving billions of dollars around as fast as they can based on the exact same news you just read is thrilling. * You can wow your friends by saying things like "The St. Louis Fed had some interesting remarks on consumer spending in the latest Beige Book." * No crayons involved. Some downsides: * It's tricky to be fast enough without writing custom software. Some broker software is very slow and requires multiple dialog boxes before a position is opened, which won't cut it. * The profits are very slim, you're not going to impress your instagram followers to join your expensive trade copying service with your 30-second twice-weekly trades. * Any friends you might wow with your boring-ass economic talking points are themselves the most boring people in the world. I hope you enjoyed this long as fuck post and you give trading economic news a try!
Learn to make money trading the news like an institutional trader
Learn to make money trading the Nonfarm Payrolls announcement
Learn how to predict the GDP results using correlation
Learn how to predict the CPI results, the Durable Goods results
Get a broad understanding of interest rates, inflation and central banks and how they affect the market
Learn how to use the Retail Sales, PPI, PMI and other fundamental announcements to improve your trading
Understand what is sentiment, risk aversion, risk appetite and how these can impact your trading
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Get a deep understanding of economic indicators and how professional traders use them to make money
Learn how to make money trading oil
Get a broad understanding of how oil prices affect the Forex Market
Learn the reasons why oil prices have fallen and the factors that affect oil prices
Learn what is OPEC and how you can make money from their meetings
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The coronavirus has changed everything. When analysts gave forecasts for 2020 at the end of last year, no one could foresee that the whole world would be seized by the pandemic. Call it a “black swan” or not, it’s necessary to re-evaluate the situation and adjust the medium- and the long-term outlook. Below you will find the analysis of the main Forex drivers and the overview of the prospects for the key commodities.
In 2019, economists had some fears of a potential US recession. Well, they were right not only about the USA, but also about the whole world as lockdowns pushed every country to the deep downturn. Now it’s clear that earlier the view was naturally more optimistic. How encouraging the US unemployment rate and NFP were at the end of 2019! We couldn’t imagine at that time that more than 33 million Americans would lose jobs and economic activity would fall to unprecedented lows. The Fed made a dire scenario for the prolonged US recession. All the needed measures have been taken, almost 3 trillion dollars were provided to support the market and additional aids are expected. Anyway, the US dollar gains as a safe-haven currency. The collapse of USD this year remains highly unlikely.
Central banks’ monetary policy
In December, we expected the Federal Reserve to be patient in its monetary policy decisions. At the same time, we didn’t underestimate the power of rate cuts due to recession fears. Coronavirus outbreak flipped the script with the Federal Reserve unveiling outstanding measures to support the suffering economy. The first rate cut from 1.5-1.75% to 1-1.25% happened at the beginning of March and was followed by an even bigger rate cut to the range of 0-0.25% just after a week. At the same time, the regulator announced an unlimited buying of mortgage-backed securities and plans to buy corporate bonds and bonds backed by consumer debt. Moreover, the Fed Chair Jerome Powell didn’t exclude the possibility of negative interest rates. Even though our forecasts were not 100% accurate, the upside for the USD has been indeed limited. As for the stock market, after a shock wave caused by Covid-19, the ultra-loose monetary policy pushed the indices up. Other major central banks also joined the easing game. The Reserve banks of Australia and New Zealand cut their interest rate to unprecedented lows of 0.25%. The Bank of England and the Bank of Canada lowered their interest rate as well to 0.1% and 0.25% respectively. As for the European Central bank, it keeps the zero interest rate on hold. The supportive tool the ECB presented is the 750 billion euro Pandemic Emergency Purchase Programme (PEPP) aimed to counter the serious risks to the outlook of the Eurozone.
As all major central banks conduct almost similar easing policy, the Forex pairs can fluctuate within certain levels for a long period. That is actually a good news for range-bound traders, as channels are expected to remain quite strong.
ECB The European Central Bank let the market know that it was aiming to do whatever it takes to save the euro area from the coronavirus damage. However, trouble always brings his brother: Germany was so tired to be the sponsor of the unlimited bond-purchasing ECB program that the German court claimed that it actually violated constitution. Now, the ECB has three months to explain that purchases were "proportionate". The ECB credibility is under threat as Germany may pull out of the next ECB's bond purchases. This situation has made euro quite volatile.
Boris Johnson hasn’t kept his promise “to get Brexit done” yet. However, we can forgive him for that as this year brings much worse problems to deal with. Now, when countries are getting over the coronavirus shock, the UK and EU should hold the last round of trade talks and finalize an agreement by the end of December. Some analysts are skeptical about that. They think the deadline could be extended beyond the end of December, leaving the UK subject to tariffs on most goods. This would be devastating for the British pound. The sooner the UK and EU make a deal, the better for GBP.
Oil prices spent last year between $50 and $70. December was positive with the US and China ceasing fire in the trade war and OPEC extending production cuts. Possibility of a scenario where prices drop to 0 and below was absolutely inconceivable even for the most pessimistic observers, and yet it came true. It marked the beginning of 2020 with historically unseen turbulence, even apart from the coronavirus hit. In the long term, however, there are all fundamentals for oil prices to get back to where they were. However, that may not happen this year. Observers predict that oil prices will recover to the levels of $55-60 if there is nothing in the way during the year. Otherwise, $30 is seen as the safest baseline level for the commodity during 2020.
Just like in 2019, the stock market had a nightmarish beginning of 2020. S&P lost 35%, with some stocks losing more than 50% of value. As the summer season is coming, the market sees 50% of the losses recovered in most sectors. While the shape of recovery is being discussed, most analysts agree that after the worst-performing Q2, the S&P will continue restoring its value. Notice that the situation is different for different stocks. Locked by the anti-virus restrictions, most of the world population was forced to spend weeks and months at home facing their TVs, laptops, and desktops. That made strong Internet-related companies blossom, so we saw Amazon and Netflix rise to even higher value than before the virus. On the contrary, the healthcare sector struggling to invent the vaccine saw Moderna, BionTech, Inovio, and other new and old pharma companies surge to unexpected heights.
IT and Internet communications companies will likely gain much more attention during the year.
Google, Nvidia, Disney, Apple, and many more around the IT and Internet sectors have the full potential to spearhead the S&P in 2020 and further on.
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“Hey, gold, what are you doing over there at $1470? You are supposed to aim at $1900 – we are in a crisis here!” – that’s your righteous question to the precious metal. Although it did show an elevated trajectory for a while until recently, none of that seems “worthy” of the severity of the moment. Gold, monthly chart Especially, if you zoom in and see the most recent move of the shining metal. By falling to the support of $1450, it completely erased all the coronavirus-related gains and got back to where it was at the end of the year 2019. Then, the US and China seized tariff fire and eventually announced that they were finally closing the theater of trade war and were on the way to sign the trade agreement. That was promising peace and prosperity to the nations, and the year was ending well, full of moderately optimistic expectations for 2020. Not for gold though. “Well”, - gold thought – “there is no place for me in such a confident and economically expanding riskless world”. Eventually, its price gave room to the calmness of the market and continued its usual trajectory of mildly gaining value. Gold, daily chart The interesting thing is that when the virus came – that is marked by the red vertical line – gold did not change its trajectory. If you remove the last move it did - that brick-like drop from $1700 to $1450 – and ignore that the virus is now reigning the globe, you would have little ground to suspect that something unusual is happening in the world. At least, from gold’s point of view: according to the chart, it didn’t seem to worry about states bent into recession and tens of thousands sick or dead. Not more than before that, at least. The curve of the price performance did not change before and after the outbreak – the straight green line confirms that. Visually, until the second half of February, when China was in flames of the coronavirus, gold felt exactly like it did in December when the US and China were cheerful of each other’s commitments to the trade deal. And there is another interesting thing – the very last episode of gold price performance. The said drop. It is absolutely extraordinary because it is – in theory – supposed to be reversed. A millennia-long-living asset bringing joy to the eye of its owner, gold normally gets multiplied attention from investors seeking to secure and guard their funds when troubles kick in. Now, it is all the contrary: it plunges like a fraudulent security of a third-grade bank. What’s happening?
First, a very superficial but a very fair conclusion is: gold is not a “yes-sir” safe-haven commodity and does not react to the world of events as such. Nor does it react “on time”. Therefore, second, it is not as predictable as, say, oil prices are in their response to the KSA-Russia oil price stalemate. Does it mean that gold should be disregarded as a refuge to the money of scared investors? No. But we have to delineate gold as a physical asset owned by individuals and organizations and guarded in, say, Fort Knox and gold traded in multiple market platforms as a virtual asset through, including, derivatives such as CFDs. It is exactly the latter that we have in Forex. And these, although they do have a correlation to the price of the physical gold nuggets traded across the world, are largely affected by speculations and price manipulations, whatever they may be. That’s why you cannot rely on gold 100% as on a safe haven all the time in your trade. You have to weigh it against other assets, measure its reaction to the events and elaborate your judgment about it. The general guidelines are there – gold rises in the times of crises – but that alone is not enough to make successful trades. You need tactical information on its movement and tactical levels to watch. And its recent drop from $1700 to $1450 is another justification for that. If you bought gold even at the lows of $1600 expecting it to reverse upward on the spooked market mood, you would lose your funds by the current moment. So again, what’s happening?
Red pill #2
First, you have to factor-in market unpredictability into your general trading methodology. More precisely, you have to factor-in the fact the sometimes you will see prices move the way you cannot predict and do not understand. And that has nothing to do with available information: in hindsight, you can explain almost any phenomenon on the Forex market, regardless of your level of situational awareness. For example, how can we explain the recent performance of the gold price? Observers’ opinions vary from blunt references to omnipresent panic that nullifies the safe-haven immunity of gold to sophisticated schemes that advocate selling off this metal to suppress its automatically increasing equity share fueled by other assets’ reduction. While both may be relevant, for you that means one honest confession cited by Bloomberg after US Fed’s failure to make markets happy by the rate cut: "The traditional rules are out of order and there is nothing which can be classified as a safe haven – not even gold". Note: this “even” underlines that fundamentally, gold has an undisputed recognition as a reserve asset, but at the moment, it does not function as it normally would.
Steel started gaining value as it seems to be a “newly-founded” safe-haven asset as seen from the perspective of the Chinese market. But we are not suggesting you piling up steel rods in your backyard. The suggestion is: be flexible. Treat gold as your usual currency pair. Don’t take it for granted that it is “supposed” to rise in bad times. It is not, as you have already learned. Not always, at least. And one apparently cannot really know when it follows the default rule, and when it doesn’t. But one can always apply the same rules of observation and market interpretation which are applied to the rest of the Forex market. Follow the trend, reinforce it with fundamentals. If these don’t work, go technical. Once you have indications for upward reversal – buy. Once you have a downward move anticipated – short. Currently, from a purely technical perspective, a short-term upward correction is likely to happen because there is no fundamental reason to press on for a non-stop plunge while the Awesome Oscillator and the hesitation at the current level of $1470 indicate an upward-sideways mood.
Blue pill #2
No pain no gain. But as Warren Buffet said, Mr. Market doesn’t force you to trade. If you feel like you are confident to do it, you are welcome – you have all the instruments, and FBS is all but available to help you. If not – come any other minute, hour or day – he will always be glad to serve you with opportunities to make profits.
However, keep in mind that Mr. Market, although happy to serve you endless chances of benefit, doesn’t decide when the next coronavirus comes. Therefore, don’t lose your chance to use this once-in-a-decade strike of nature to your financial advantage.
Why isnt the dollar tanking, and why is gold crashing? It makes no sense.
This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)
The premium for liquidity combined with rates plunging across major central banks did not bode well for anti-fiat gold prices. A price war triggered by Saudi Arabia plunged oil prices in their largest drop since 1991.The risk of volatility remains high with all eyes on stimulus measures from governments and central banks. Speculation for lower US interest rates may curb the recent pullback in the price of gold as the Federal Reserve is widely expected to deliver another rate cut in March. US Dollar Forecast: Fed Boosts Liquidity, Expected to Slash Rates Again Next Week.The 'V-shaped' recovery in the US dollar continues despite the Fed announcing a massive USD1.5 trillion liquidity pump on Thursday to arrest a further breakdown in the financial system. British Pound Forecast: GBP/USD Tumbles in Worst Week Since 2009.The British Pound fell the most since 2009 versus the US Dollar last week, prolonging downside breakouts in GBP/USD and GBP/JPY as EUGBP soared. US Dollar Technical Analysis: Can USD Add to Explosive Rise?The US Dollar roared higher last week, posting its best performance since October 2008 at the heart of the global financial crisis.
Using Technical Analysis on High Impact News Events
I have shown in several of my posts how my technical analysis strategies can be very effective in moves that seem to be news driven. Up to now, it's been mainly small events. Some guy says something about Brexit. Trump tweets. Little price movements, low impact events. Now I'll show you it on interest rates (the biggest regularly recurring fundamental events). Here are the trades I took shortly after the ECB announcement. https://preview.redd.it/2u68ujv238m31.png?width=810&format=png&auto=webp&s=5b5872c714206cbf67fd79e1f44bde5fc695c14d Here was my fundamental preparation for these trades. I don't know there is an ECB decision today. None of my trade plans have Euro in them, and I've just filtered for high impact news on currencies I'm trading. Someone I am chatting with on WhatsApp said the ECB are morons and they have to go because there's going to be volatility. I think to myself, "Yeah. ECB are morons". Then about 5 minutes later wonder if anything substantial has happened. Open EURUSD chart. See patterns. Execute trades. After this I Google "ECB". https://preview.redd.it/csp4z8lv58m31.png?width=850&format=png&auto=webp&s=d4a57ed1c26404e5eed689334fc2f6d7f14d1db8 This is not part of the analysis, it's just a little tip to techy traders. Sometimes you're going to encounter people who know fuck all about trading but here about these things and reference them to you, because you're the 'Forex guy/girl'. What I do takes quite a bit of explaining. It's a bit dry. Not fun at parties. Know what I am saying. So, instead of having to do that, now I can just say; "Woah. Yeah. You see that too? Wild stuff. Draghi went with the stimulus. Trumps not happy! I'll tell you that. DXY surely took a hit".
With so much publicity on 1MDB, most Malaysians are still missing the crucial lessons to be learned from this scandal. Malaysian are confident that the new government will resolve this debacle and that we can start moving on towards a better future. However the reality is 1MDB is not the first scandal committed by our previous government. Prior to this there’s the PKFZ and prior to that there’s the Bank Negara Forex scandal and the list goes on (a whole Wikipedia page of it). The fundamental reason for corruption needs to be identified. Without knowing the core factors contributing to governmental corruption, it’s just a matter of time before the next scandal hits. The first reason or lesson on why the BN government was able to keep stealing the nation‘s money for so long is because we have a big government. Our government has grown so big to the point that it controls almost every aspect of our lives from education to healthcare, from media to sport, and with close to 500 GLCs(source from www.index.my) there are bound to be leakages. 2 reasons for this:- 1) Big governments need big budgets to operate. When there’s big money, there will always be “opportunities” for people who want some of that money. 2) Big governments have strong influences over policies, so there will always be people who want to lobby for certain policies that would benefit them. Thus to reverse this, Malaysia needs a smaller government that will require less funding. A smaller government also means there will be limited government policy influencing over different industries which will immediately lessen the opportunity for corruption. It’s time for our new PH government to let go of all those GLCs that are not profiting the country and reduce the number of ministries that the government has no business to be in in the first place i.e. sport, media and education. The second lesson that Malaysians have not learned is the lack of check and balance in our governmental power structure. The recent budget 2019 announced that the government is going to hire additional 100 MACC staff to police themselves from thieving. This won’t mean anything when the MACC’s Chief is still being appointed by the PM instead of a select committee of Dewan Rakyat. The judges of Federal Court are still being appointed based on the PM’s recommendation and so are all the top posts in regulatory agencies like Bank Negara, Security Commission and Ministry of Finance. Have Malaysians forgotten how Najib easily replaced the Bank Negara Governor,MACC’s chief and Attorney General in the mist of the 1MDB initial investigation? Until we have in place a system of check and balance for governmental power, 1MDB will not be the last scandal. The third lesson that Malaysians failed to grasp from the 1MDB scandal is our high economic dependency on the government. This has resulted in a growing number of GLCs being established since Merdeka. 1MDB, Khazanah, Petronas, Proton, MAS and FELDA are just some of the many GLCs created under the banner to generate revenue for our country’s development. Not only did most of these GLCs perform poorly in helping the Rakyat but they are also a breeding ground for corruption and the mismanagement of public funds. When the losses are too big to the point of insolvency, tax payer funds are being used to bail them out. A recent report from The Star 9th July 2018, revealed that the top executives of GLCs are drawing fat salaries regardless of their company's performance. This is not surprising since most top positions in GLCs are given as a form of reward to individuals for their political loyalty rather than their expertise. I believe it’s high time the Rakyat realize and acknowledge that government can never solve our problems least of all our country's economic problem. It’s time the government divest our behemoth GLC before another one of them turns into the likes of 1MDB. Malaysia is a blessed country. Malaysians are blessed people. We all decided to start over on 9th May 2018. It’s time for Rakyat Malaysia to be truly Merdeka and start taking responsibility for our future. It’s time for Rakyat Malaysia to tell our government we don’t need your good intentions and your handouts. It’s time for Rakyat Malaysia to have a government that acts more like an umpire and keeper of the law and nothing else. Paraphrasing Frederick Douglas, “Do nothing with us! Your doing with us has already played the mischief with us. Do nothing with us! ....And if Malaysian cannot stand on his/her own legs, let him/her fall. All we ask is, give us a chance to stand on our own legs! Let us alone!”
7 reasons why should you become an Introducing Broker with IQ Option?
Reason #2 — Market Analysis & Blog!
IQ Option trading platform There is plenty of information available for IQ Option traders and partners: from timely news and forecasts to guides and trading strategies. The main point of the Market Analysis andIQ Blog is to show how easily you can create an alternative to professional news outlets, magazines and websites, dedicated entirely to trading witch one you can monetise with IQ Option Introducing Broker program. There are several reasons to use Market Analysis when introducing customers to the platform and turn to blog articles when looking for information. This article will help you understand how you can benefit from the value that both provide to traders. https://preview.redd.it/pr3qbeam9ej31.png?width=2554&format=png&auto=webp&s=f54d9041e6609a9a68e8a5490278eea3e77227ea First, both features are tailored specifically to IQ Option clients and our partners are welcome to use our intellectual products with a relevant reference. In our articles we write about assets that are readily available on the platform and avoid the unnecessary information noise — things that are either not important or do not directly affect your traders’ the trading process. In times when overabundance of information is inevitable, being able to read things that really matter is a huge plus. This feature can save a lot of time and help traders concentrate on what is really important. Secondly, market analysis can be found on the trading platform itself. Usually, traders have to consult external sources when looking for breaking news and updates regarding the assets they are about to trade. This is no longer the problem when trading with IQ Option. Everything traders should know about the assets of their choice can be found without leaving the trading app. News, Economic Calendar and Earnings Calendar are three separate tabs in the Market Analysis interface. Each of them is dedicated to a separate trading aspect. https://preview.redd.it/a85vcx2q9ej31.png?width=2558&format=png&auto=webp&s=50d6ffd13e01fae47c9b8484965d6a9ac26351b1 ‘News’ concentrates on delivering timely information on the world’s most important financial and economic events. Currency exchange rate fluctuations and events that have triggered them can be found here. Major political events, as well, can directly influence the exchange rate of national currencies. https://preview.redd.it/h6gkk8ks9ej31.png?width=2558&format=png&auto=webp&s=b08c69dabeb4bfaa93ed5da93b485f84cab3f87a ‘Economic Calendar’ is a collection of upcoming Forex-related events. In the world of trading everything is interconnected. Inflation rates and unemployment can affect the exchange rate of national currencies. Economic Calendar, therefore, warns traders of upcoming announcements that can be turned into trading opportunities. Is a useful feature that can be found on numerous Forex-related websites and online services. ‘Earnings Calendar’ works in the same manner as Economic Calendar but for Stock Market. Stock prices go up and down depending on the fundamentals — important metrics that mirror the financial wellbeing of the company. Earnings reports (quarterly financial announcements made by all public companies) can trigger massive price swings. It is, therefore, beneficial to have them all listed in one place, knowing when to trade what company. One more source of invaluable knowledge is IQ Blog, a resource dedicated to in-depth materials. What kind of articles can be found in the IQ Option Blog? Most articles fall into one of the following categories: technical analysis, industry news, platform upgrades, trading strategies, and tips. https://preview.redd.it/r449q0zw9ej31.png?width=2558&format=png&auto=webp&s=243ea9b5375464fa1bcd46eebb5ab97f104b8e5d Technical analysis is an extremely important element of most trading strategies. Indicators and patterns, applied correctly, can yield impressive results. Mastery in this field can set successful traders apart from their less successful counterparts. Even when trading with fundamentals in mind, traders still turn to technical analysis in order to validate certain theories and double-check investment decisions they are about to make. Both newcomers and industry veterans turn to it to increase their chances of success. Hence the sheer number of articles on the topic of indicators and technical analysis in general. Technical analysis, however, is not the only topic that is covered in the IQ Blog. Articles also feature earnings reports, trading-related news, platform upgrades, strategies and tips. By reading them, traders can learn about important upcoming events, trading opportunities and ways to capitalize on them. All in all, these two features — Market Analysis and IQ Blog — can help an aspiring trader become better by providing timely and accurate information on a wide range of topics: from technical analysis indicators and patterns to stock and currency trading. In trading, education is extremely important. As in any other pursuit, the same principles apply to the financial markets: the more you know, the more informed decision you make, the better the final result. https://preview.redd.it/jdsnk6cz9ej31.png?width=2558&format=png&auto=webp&s=47cf2b6afeb7626d0674915cd4bcff948f059c7c Become a successful Introducing Broker with IQ Option!Earn up to 45% commissions!!Sign Up now!
The Lion King is a 2019 American photorealistic computer-animated musical drama film directed and produced by Jon Favreau, with a screenplay written by Jeff Nathanson, and produced by Walt Disney Pictures. It's a photorealistic computer-animated remake of Disney's traditionally animated 1994 film of the same name. The movie stars the voices of Donald Glover, Seth Rogen, Chiwetel Ejiofor, Alfre Woodard, Billy Eichner, John Kani, John Oliver and Beyoncé Knowles-Carter, in addition to James Earl Jones reprising his authentic position as Mufasa. https://preview.redd.it/egn6js7pgga31.jpg?width=2000&format=pjpg&auto=webp&s=95de0dc3a49272a75fa9a52df48f44cb714191ff Plans for a remake of The Lion King have been confirmed in September 2016 following the success of the studio's The Jungle Book, additionally directed by Favreau. A lot of the principle forged signed in early 2017 and principal production started in mid-2017 on a blue screen stage in Los Angeles. The movie is scheduled to be theatrically launched in America on July 19, 2019. It obtained blended evaluations, with the reward for its visible results and vocal performances, whereas receiving criticism for being extremely spinoff of the unique and the dearth of emoting within the animated lion characters relative to the unique. Disney’s upcoming movie journeys to the African savanna the place a future king is born. Simba idolizes his father, King Mufasa, and takes to coronary heart his personal royal future. However, not everybody within the kingdom celebrates the brand new cub’s arrival. Scar, Mufasa’s brother—and former inheritor to the throne—has plans of his personal. The battle for Satisfaction Rock is ravaged with betrayal, tragedy and drama, finally leading to Simba’s exile. With an assist from a curious pair of newfound pals, Simba must determine to find out how to develop up and take again what's rightfully his. _______________________________________________________________
Foremost article: List of The Lion King characters
Donald Glover as Simba: A lion who's the crown prince of the Satisfaction Lands. Glover mentioned that the movie will focus extra on Simba's time rising up than the unique movie did, stating that "[Favreau] was very eager in ensuring we noticed [Simba's] transition from boy to man and the way laborious that maybe when there's been a deep trauma".
Seth Rogen as Pumbaa: A slow-witted common warthog who befriends and adopts a younger Simba after he runs away from dwelling. Rogen mentioned, "[a]s an actor, I [...] do not suppose I am proper for each position — there are numerous roles I do not suppose I am proper for even in motion pictures I am making — however, Pumbaa was one I knew I may do properly".
Chiwetel Ejiofor as Scar: The treacherous brother of Mufasa and the uncle of Simba who seeks to take the mantle of king of the Satisfaction Lands. Ejiofor described Scar as extra "psychologically possessed" and "brutalized" than within the authentic movie. Ejiofor mentioned that "particularly with Scar, whether or not it is a vocal high quality that permits for a sure confidence or a sure aggression, to at all times know that on the finish of it you are enjoying someone who has the capability to show everything on its head in a break up second with outrageous acts of violence – that may fully change the temperature of a scene". Ejiofor additionally mentioned that "[Scar and Mufasa's] relationship is totally destroyed and brutalized by Scar's mindset. He is possessed with this illness of his personal ego and his personal need". Favreau mentioned of casting Ejiofor, "[He] is only an incredible actor, who brings us a little bit of the mid-Atlantic cadence and a brand new tackle the character. He brings that feeling of a Shakespearean villain to bear due to his background as an actor. It is great when you have got someone as skilled and seasoned as Chiwetel; he simply breathes such great life into this character.
Alfre Woodard as Sarabi: The Queen of the Satisfaction Lands, Mufasa's mate, and Simba's mom.
Billy Eichner as Timon: A wise-cracking meerkat who befriends and adopts a younger Simba after he runs away from dwelling.
John Kani as Rafiki: A smart mandrill who serves because of the shaman of the Satisfaction Lands and an in-depth buddy of Mufasa's. Likening his position to that of a grandfather, Kani mentioned, "Rafiki reminds all of us of that particular smart relative. His knowledge, humour and his loyalty to the Mufasa dynasty is what warms our hearts in direction of him. [He's] at all times blissful and wisecracking jokes as classes of life and survival.
John Oliver as Zazu: A red-billed hornbill who's the majordomo to the King of the Satisfaction Lands. Talking of his position, Oliver mentioned, "I believe Zazu is mainly a fowl who likes construction. He simply desires issues to be as they need to be. I believe there are British echoes there as a result of we are inclined to favour construction in lieu of getting an emotional response to something."
Beyoncé Knowles-Carter as Nala: Simba's childhood greatest buddy and future love curiosity. In accordance with Favreau, the character has a much bigger position than within the authentic movie.Favreau felt that "a part of [Beyoncé joining the film] is that she's bought younger children, a part of it's that it is a story that feels good for this part of her life and her profession, and he or she actually likes the unique very a lot. After which, after all, there are these great musical numbers that she could be concerned with, and my God... she actually lives as much as her fame so far as the fantastic thing about her voice and expertise".
Shahadi Wright Joseph as younger Nala. Joseph reprises her position from the Broadway production. Joseph selected to work on the movie as a result of "Nala conjures up little ladies [...] She's an excellent position mannequin".
James Earl Jones as Mufasa: The King of the Satisfaction Lands and the daddy of Simba. Jones reprises his position from the unique 1994 animated movie. In accordance with Favreau, Jones' strains stay principally the identical from the unique movie. Ejiofor mentioned that "the consolation of [Jones reprising his role] goes to be very rewarding in taking [the audience] on this journey once more. It is a once-in-a-generation vocal high quality". Favreau noticed Jones' return as "carrying the legacy throughout" the unique movie and the remake, and felt that his voice's change in tonality in comparison with the unique movie "served the position properly as a result of he feels like a king who's nominated for a very long time".
Florence Kasumba, Keegan-Michael Key, and Eric Andre voice Shenzi, Kamari, and Azizi, three spotted hyenas who're Scar's henchmen. Whereas Shenzi is a personality that was featured within the authentic 1994 animated movie, Kamari and Azizi are the respective renames of Banzai and Ed from the unique movie. The hyenas' characterizations have been closely altered from the unique movie's, as Favreau felt that they "needed to change so much" to suit the remake's reasonable fashion, stating that "[a] lot of the stuff around them [in the original film] was very stylised".Kasumba elaborated, declaring that "These hyenas have been humorous. These hyenas are harmful. Moreover, Penny Johnson Jerald voices Sarafina, Nala's mom. Amy Sedaris, Chance the Rapper and Josh McCrary voice a guinea fowl, a bush baby, and an elephant shrew, respectively, Timon and Pumbaa's neighbours within the jungle. Phil LaMarr voices an impala, whereas J. Lee voices a hyena.
On September 28, 2016, Walt Disney Pictures confirmed that Jon Favreau can be directing a remake of the 1994 animated movie The Lion King, which might characteristic the songs from the 1994 movie, following a string of latest field workplace successes on the opposite Disney live-action remake movies comparable to Maleficent), Cinderella), Favreau's The Jungle Book) and Beauty and the Beast), with the latter three additionally incomes important reward.#citenote-15) On October 13, 2016, it was reported that Disney had employed Jeff Nathanson to write down the screenplay for the remake,[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-16) with the story written by Brenda Chapman, who was the unique movie's head of story.[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-LionKingEverythingKnow-17) In November, speaking with ComingSoon.net, Favreau mentioned the digital cinematography expertise he utilized in The Jungle Ebook can be used to a larger diploma in The Lion King.#citenote-18) Though the media reported The Lion King to be a live-action movie, it really makes use of photorealistic computer-generated animation. Disney additionally didn't describe it as live-action, solely stating it could comply with the "technologically groundbreaking" strategy of The Jungle Ebook.[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-19) Whereas the movie acts as a remake of the 1994 animated movie, Favreau was impressed by the Broadway adaptation) of the movie for certain points of the remake's plot, notably Nala and Sarabi's roles.[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-20) Favreau additionally aimed to develop his personal tackle the unique movie's story with what he mentioned was "the spectacle of a BBC wildlife documentary".[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-FavreauVideoGame-21) This serves as the ultimate credit score for movie editor Mark Livolsi, who died in September 2018.#citenote-22) The movie is devoted to him.[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-PressKit-1)
The Moving Picture Company, the lead vendor on The Jungle Ebook, will present the visible results and so they'll be supervised by Robert Legato, Elliot Newman and Adam Valdez.#citenote-37) The movie will make the most of "virtual-reality instruments", per Visible Results Supervisor Rob Legato.[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-LionKingD23-38) Digital Manufacturing Supervisor Girish Balakrishnan mentioned on his skilled web site that the filmmakers used motion capture and VR/applied sciences,[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-:1-39) with the manufacturing crew combining VR expertise with cameras so as to movie the remake in a VR-simulated environment.[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-FavreauVideoGame-21) Sean Bailey, Disney's President of Manufacturing, referred to as the movie's visible results "a brand new type of filmmaking", and felt that "Historic definitions do not work", stating that "[it] makes use of some methods that will historically be referred to as animation, and different methods that will historically be referred to as live-action. It's an evolution of the expertise Jon [Favreau] utilized in Jungle Ebook". _______________________________________________________________
The trailers of the movie led to a declaration of its being a shot-for-shot remake of Disney's 1994 movie. On December 23, 2018, Sean Bailey, Disney's President of Manufacturing, mentioned that whereas the movie will "revere and love these elements that the viewers desires", there will likely be "issues within the film which might be going to be new".#citenote-ScreenRant-40) On April 18, 2019, Favreau acknowledged that "some photographs within the 1994 animated movie are so iconic" he could not presumably change them, however "regardless of what the trailers counsel, this movie isn't just the identical film over once more",[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-57) and later mentioned "it is for much longer than the unique movie. And a part of what we're doing right here is to (give it extra dimension) not simply visually however each story smart and emotionally."[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-58) On Could 30, 2019, Favreau mentioned that a number of the humour and characterizations are being altered to be extra according to the remainder of the movie,[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-59) and this remake is making some adjustments in sure scenes from the unique movie, in addition to in its construction.[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-FavreauVideoGame-21)On June 14, 2019, Favreau mentioned that, whereas the unique movie's fundamental plot factors will stay unchanged within the remake, the movie will largely diverge from the unique model, and hinted that the Elephant Graveyard, the hyenas' lair within the authentic movie, will likely be changed by a brand new location.[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-DirectorHyenas-13) On July 5, 2019, the movie was revealed to have a 118 minutes period, making it roughly 30 minutes longer than the unique movie.[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-60)
On review aggregator web site Rotten Tomatoes, the movie holds an approval ranking of 59% based mostly on 123 evaluations, and an average rating of 6.45/10. The web site's important consensus reads, "Although it may take satisfaction in its visible achievements, this reimagined The Lion King is a by the numbers retelling that lacks the power and coronary heart that made the unique so beloved – although for some followers that will simply be sufficient."#citenote-69) Metacritic gave the movie a weighted common rating of 57 out of 100 based mostly on 38 critics, indicating "blended or common evaluations".[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-70) _______________________________________________________________
_______________________________________________________________ Kenneth Turan on the Los Angeles Times referred to like the movie "polished, satisfying leisure."#citenote-71) Todd McCarthy at The Hollywood Reporter thought-about it to be inferior to the unique, noting, "The movie's aesthetic warning and predictability start to put on down on your entire enterprise within the second half."[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-72) At The Guardian, Peter Bradshaw discovered the movie "watchable and pleasing. However, I missed the simplicity and vividness of the unique hand-drawn pictures."[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-73) A. A. Dowd, writing for The A.V. Club, summarized the movie as "Joyless, artless, and perhaps soulless, it transforms some of the putting titles from the Mouse Home vault into a really costly, star-studded Disneynature movie." Dowd bemoaned the movie's insistence on realism, commenting, "We're watching a hole bastardization of a blockbuster, without delay fully reliant on the viewers' pre-established affection for its predecessor and unusually decided to jettison a lot of what made it particular."#citenote-74) Scott Mendelson at Forces condemned the movie as a "crushing disappointment": "At nearly each flip, this redo undercuts its personal melodrama by downplaying its personal feelings."[](https://en.wikipedia.org/wiki/The_Lion_King(2019film)#cite_note-75) David Ehrlich of IndieWire panned the movie, writing, "Unfolding just like the world's longest and least convincing deep fake, Jon Favreau's (nearly) photorealistic remake of The Lion King is supposed to characterize the following step in Disney's circle of life. As an alternative, this soulless chimera of a movie comes off as little greater than a glorified tech demo from a grasping conglomerate — a well-rendered however creatively bankrupt self-portrait of a film studio consuming its personal tail."[](https://en.wikipedia.org/wiki/The_Lion_King(2019_film)#cite_note-76)
Looking back in recent history, it seems as though big investors and financial organizations are changing their attitudes towards Bitcoin and altcoins. The media coverage worldwide illuminated the vast returns being had in the cryptocurrency markets, with many coins up over 100x since their conception. This certainly has garnered the attention from both legacy and newcomer investors. Currently, everyone is waiting to see if cryptocurrencies can continue on their path to new all time highs. 2017 turned out to be a whirlwind year, with most cryptocurrencies soaring to new all time highs at the end of 2017 and early 2018. The media coverage of cryptocurrencies was nonstop, with news reports on financial programs almost daily. In addition, many movies and tv shows mentioned cryptocurrency, including the technology oriented show “Silicon Valley.” So far, 2018 has seen a vast pullback in the cryptocurrency markets. Many of the smaller altcoins are down over 90% with Bitcoin, the crypto leader, still being down over 60% from all time highs. Even with the overall market pullback, many investors are still very bullish on cryptocurrencies going into 2019. Many big name institutions are jumping head first into crypto, with NYSE announcing a new crypto exchange, BAAKT. Also Fidelity has announced a crypto support platform for their customers. Even legendary Ivy league university Yale has announced a new 400 million dollar investment fund geared towards cryptocurrency. With so much bullish news adding up rapidly, almost everyone seems to expect a very profitable year for crypto leading into 2019. While Bitcoin is still currently the market leader there are also some big name altcoins that expect 2019 to be a huge year for them. The Altcoin Hierarchy Before investing in the crypto market, let us go through the basic classes of cryptocurrencies that exist in the market. While every class has the potential to have impressive returns, some coins have more impressive use cases and concepts, In addition to more qualified and funded development teams. Simply put, not all altcoins were created the same. The Penny Stocks of Crypto These are the bottom tier altcoins that could possibly become worthless in the near future. They operate much like penny stocks, advertising big promises of ‘guaranteed gains’. Eventually, many fail to offer a fraction of their promised returns. One of the ways to identify these is to look at their team members, their past experiences, objectives of the project, probability of mass adoption, actual use of the coins and many more. The reasons for their failure is usually because of unwillingness to work for the vision they once promised in the first place, bad wealth management, inclusion of scammers in their team, unrealistic expectation from the project and also making money via pump and dump schemes. Some of these coins are Trumpcoin, Russia Coin and Verge. Average Coins According to the ‘coinmarketcap’ website, there are currently more than 2000 cryptocurrencies listed on their website. Among those, there are around 500 of them that can be considered in this ‘average’ category. These are the coins that do have a purpose/objective to work on but fail to maintain a good development team. They and their coins don’t really have any kind of purpose in the crypto market and fail to finalize any kind of legitimate deals and partnerships with good investors. This makes their performance very limited as compared to other altcoins in the market. Some of these coins are Deep Brain Chain, Funfair, Decred, Navcoin, Populous, Cryptonex. Good Coins There are around 500 of such good coins in the market that do offer a good objective for the project, a solid team with good experience to execute such tasks, a good marketing strategy to reach out to masses to share their ideas and quality contacts to make some good partnerships in the market. The only reason why they are only classified as ‘good coins’ is due to the lack of uniqueness that the other ‘very good coins’ offer. They don’t really have that ‘point of parity’ in their project/product that separates them from their counterparts. Some of these coins are NEM, Stratis, Monero, and BAT. Very Good Coins There are around 100 such ‘very good coins’ in the market. Their objectives are well defined with a solid team to execute their tasks perfectly. Along with that, their marketing teams are also well-qualified to make their ideas reach to the masses. Because of such a wonderful blend, they are able to make better and strong partnerships with a number of good companies. What separates them from the ‘Good Coins’ category is their USPs (Unique Selling Points). They are unique in what they do and that’s what makes the difference. Such coins are NEO, Stellar, Cardano, Ripple Top Tier Cryptocurrencies These are the top tier coins that provide the best functionalities. They have real-world usage, objectives to solve a real-world problem, strong fundamental teams to execute the mission of the project, marketing teams to spread the ‘idea’ and collaboration with a number of media channels to gain early investors. Also, due to a good PR team, they are able to make a very strong partnership with a lot of Fortune 500 companies that give them an extra edge over rest of the projects in the market. Some of these coins are VeChain, Ethereum, Bitcoin, IOTA, Icon, EOS, Kinesis. Promising Projects Going Into the New Year With more than 2000 cryptocurrencies out there in the crypto market, only a couple 100 of them qualify to be a top tier investment. It can be quite the challenge to find a worthy project among the thousands of choices. These next projects are some that show a lot of promise heading into 2019. Always remember the 3’S’ of the investment – Sane, Smart and Sensible. An investor who is sane, smart and sensible will always look into the facts before he invests in any business or project. Kinesis This is one of the most promising upcoming projects in crypto. The broad overview of the coin is to offer an alternate and better evolutionary step beyond the basic monetary and banking system available today. In short, it is a cryptocurrency that is backed by precious metals like gold and silver. According to the CEO of the company, Thomas Coughlin, the Kinesis coin is basically divisible units of allocated gold and silver which you can use as a currency. There will be two stable Kinesis coins in the market backed by Gold and Silver. The stable Kinesis coins backed by Gold will be tagged as KAU and the stable Kinesis coins backed by Silver will be tagged as KAG. These stablecoins backed by the precious metals like Gold and Silver are real game changers as these 2 precious metals are definable stores of value for use in trade and investment in the real-world economies. The Kinesis coin is based on the Bespoke Blockchain Technology, a blockchain network forked off from the Stellar Blockchain Technology in order to suit the requirements of the Kinesis coin. The cryptocurrency project is headed by Thomas Coughlin who is also the CEO of the Kinesis company. He has 15 years experience in the investment, funds management and capital markets. Before being the CEO of the Kinesis company, he held similar positions for the Bullion Capital and TRAC Financial Group as well. Apart from Thomas Coughlin, there are other great members in the team as well. Their team consists of people like: Michael Coughlin, Chief Financial Officer, having 41 years experience as a CPA in the accountancy and financial services professions. Eric Maine, Chief Strategy Officer, having more than 30 years experience in Senior Management in the exchange and financial markets. Ryan Case, Head of Sales & Trading in Kinesis, having extensive experience as Head of sales trading & partnership and also valuable experience in commodity, cryptocurrency, forex and derivative markets. Jai Bifulco, Chief Marketing Officer, having a full-fledged 12 years of experience in award-winning full-stack marketer in Finance. He previously held roles of directors in multiple brokerages, consulting and Fintech sectors. There are more than 30 different team members in this project spanning their roles from The Executive Committee to the Advisory Board to the Operations and Development team. The coins are very limited in number as compared to other cryptocurrencies where the softcap is limited to just 15,000 KVT coins and HardCap is limited to 300,000 KVT coins. Minimum token that one can buy is set to 1 KVT which is equal to $1000. So far, more than 57,000 KVT tokens have been sold which roughly equals to a whopping sum of $57 Million. With such a huge investment already deployed for the development of the project, there are still 30 more days left for the ICO sale period to end. Also, apart from the investments gained, the Kinesis cryptocurrency is also focusing much on the partnerships with the top companies in the industry. These include companies like ABX (Allocated Bullion Exchange), MLG (Blockchain Consulting), Sigma Prime, Etherlabs and Fine Metal Asia Limited. This cryptocurrency is certainly the one to watch out for in 2019. VeChain Broad Overview – In simple layman terminology, Vechain is a supply chain protocol to track logistics inventory. It has successfully implemented blockchain technology in various sectors like agriculture and industries like luxury goods and liquor. They basically strive to solve real-life problems by providing solutions in various industries like: Logistics: In this sector, VeChain implements the blockchain technology to improve the flow of information from one department to another by breaking silos yet maintaining the data privacy of every department. Government: There are more than 111 VeChain nodes deployed worldwide. The municipal governments participate in the VeChain blockchain network as nodes. The VeChain blockchain network offers decentralization and immunity against the data hacking that allows room for transparent information exchange. This indeed improves the efficiency of the municipal governments. The technologies used to track the logistics are: Assigning digital identities to physical stocks that can be stored on the VeChain blockchain network Usage of RFID (Radio Frequency Identification) NFC (Near Field Communication) Proof Of Authority Consensus In-House Temperature Controlled Tracking Quick Response Codes (QR Codes) The future potential of the VeChain cryptocurrency looks quite promising as the coin is signing new partnerships every month or so. Some of its partners are PricewaterhouseCoopers, DNV GL, Renault Group, KUEHNE + NAGEL, D.I.G, China Unicom and the State Tobacco Monopoly Administration of China. Every single company with whom VeChain partnered has millions of customers that will use the VeChain technology embedded in their system. This makes the coin solve real-life problems and have mass adoption. VeChain indeed makes a big difference in the logistics business. However, given the kind of turmoil that the entire cryptomarket is facing where the total market capitalization has fallen from $800 Billion to just around $200 Billion, no one can give any kind of assurance on the returns in your investment in the crypto assets. However, stablecoins like Kinesis has a reward yield system that incentivizes its investors for holding, depositing and also referring new users. Hence, the investors always stay on the benefit side even if the market collapses for a short duration. IOTA In simple terms, IOTA is a cryptocurrency which is designed for the Internet of Things. The cryptocurrency was developed to root a new direction to IoT by establishing a standardization called, ‘Ledger of Everything’ which means that the data exchange between sensor-equipped machines would be enabled to populate IoT. IOTA has the potential to make transactions easy. A basic use case of IOTA can be seen in IOTA enabled vending machines. These machines can dispense the items without involving the associated transaction costs. Some other use cases of IOTA are Reddit Chains etc. Technology Behind IOTA Surprisingly, IOTA does not use the traditional Blockchain technology for its design and development. In fact, a new platform called ‘Tangle Technology’ is being used for IOTA to operate on. The Tangle Technology deploys a mathematical concept called Directed Acyclic Graphs (DAG) which resolves both the scalability and transaction fees issues which we face in blockchain based cryptocurrencies. In IOTA, for a transaction to be valid, each node present in DAG Tangle must approve the previous two transactions occurring at the other node. And adding to a note, this process removes the chances of mining and makes the system fully decentralized. Future Potential Keeping in mind the remarkable result of IOTA, there exists a promising scope for it in the near future in various applications and platforms. IOTA would be standing tall and different in the future world full of cryptocurrencies vulnerable to quantum computers. IOTA has a lot of companies that it is working with. Some of them include Bosch, Volkswagen,Fujitsu, Accenture, Poyry and many more. When viewed from a macro perspective, so far IOTA looks to be fee-less, scalable and fast which makes it next to perfect. However, if you own IOTA, the chances of you liquidating it into fiat currency via a ‘debit card’ and buying something from a grocery store is quite low. In order to fill this gap of actually buying something from the street market and becoming the global currency, Kinesis has introduced its Kinesis Debit Cards that enables the Kinesis token holders to exchange their tokens against FIAT currency and simultaneously buy products from a grocery shop, something which IOTA fails to offer. ICON ICX Broad Overview: ICON is a South Korean based company that develops blockchain technology and accompanies the cryptocurrency called ‘ICX’. ICON is a network framework which has been designed to allow independent blockchains to interact with each other. It allows interconnected blockchain networks to participate in a decentralized system which converges at a central point. Technology: ICX token is built on the Ethereum blockchain network. ICON has developed a loop-chain platform that connects different blockchain communities through the ICON Republic which serves as the governing head for the Federation of other independent blockchain bodies. All the communities are linked to Republic through C-Reps (Community Representatives) which then connects to Nexus. C-Reps functions as the portals to the communities to establish a connection with Nexus. And this way the entire procedure is carried out. Future Scope: It is believed that ICON has plans to provide platforms to financial, security, insurance, healthcare, educational industries which can help them to carry transactions on a single network. Thus, ICON (ICX) can be seen having a good time in the coming days. Also, it has been successful in signing a partnership deal with the tech-giant Samsung where it will be using ICON’s own Chain ID for a new Samsung project called ‘Samsung Pass’. Apart from Samsung, ICON has also signed deals with PORTAL NETWORK & W Foundation. However, it is notable that ICON is built on the Ethereum network and is an ERC20 token. Hence, the transaction speed greatly depends on the Ethereum network. Currently, Ethereum can execute 15 transactions per second which is quite low in terms of what ICON (ICX) is currently aiming for. However, to fill this gap, we have Kinesis Bespoke Technology that offers a whopping speed of 3000 transactions per second. This lightning fast speed keeps the Kinesis token way ahead than ICX token. Enjin Broad Overview The native cryptocurrency of the Enjin Network, the Enjin Coin (popularly known as only ENJ) follows the ERC20 token standard and is used with a smart contract-based blockchain platform. Its typical users include content creators, game developers, and other members of the gaming community, who need to use virtual tokens to manage and trade virtual goods in the gaming world. Technology behind Enjin As an ERC20-compliant token, the ENJ functions in accordance with the rules an Ethereum contract has to implement. It is used on a dedicated platform that is designed to support open-source software development kits (SDKs), applications, plug-ins, and payment gateways. As for its users, they will be able to efficiently participate in developing, launching, managing, and trade content and game-related products on the Enjin Network, without having to deal with the technical complexities. Summary of Potential The ENJ is expected to solve some performance issues in using similar cryptocurrencies on the market today, including payment frauds where goods are not actually delivered, slow transaction processes, lack of ownership of virtual goods, lack of transaction standards, and centralization problems. According to its creators, the ENJ coin, which is based on a blockchain, will create a distributed, trustworthy, and secure framework where transactions can be executed smoothly and quickly with minimal transaction fees. Its autonomous and decentralized system will ensure that all offers and deals will be honored. Conclusion Generally speaking, the Enjin Coin is good. It helps bring the benefits of blockchain to millions of people participating in the virtual goods market. Its creators are working hard to prevent fraud in the gaming world. However, it is still a relatively new project. As such, it is still volatile. This means that you still have to take utmost care and be wise when using it. EOS Broad Overview EOS is considered by many people who are participating in the virtual goods market as one of the best cryptocurrencies to use, supported by a powerful infrastructure for decentralized applications. Basically, the EOS blockchain is used for the development, execution, and hosting of decentralized applications (dApps) that are traded virtually. Technology behind EOS The EOS system is composed of two key components, which are the EOS.IO and the EOS token. As for the former, it functions like a computer’s operating system in managing and controlling the EOS blockchain, with the use of an architecture that enables horizontal and vertical dApps. As for the latter, it is held (instead of spent) by the users to be able to become eligible of building, running, and trading apps, as well as using EOS network resources. While EOS still does not have an official full form, it supports all core functionalities to allow individuals and businesses to create and trade blockchain-based apps. It also runs on a web toolkit for interface development, just like Apple’s App Store and Google Play Store. Summary of Potential While there are already a lot of cryptocurrencies based on Ethereum similar to it, the EOS system focuses on the critical and problematic points of the blockchain. Specifically, it attempts to solve the problems of scalability, speed, and flexibility that often cause transaction processes to slow down, which is a common issue in blockchain-based systems. According to its creators, EOS.IO could also address other problems that come with the ever-increasing size of the dApps ecosystem, such as limited availability of resources, constrained networks, spamming, false transactions, and limited computing power. It is said to be able to support thousands of commercial-scale dApps without hitting performance bottlenecks by using asynchronous communication methodologies and parallel execution across its network. Conclusion The EOS system is very advanced. It is designed to address common problems with standard blockchain-based networks. But like other new cryptocurrency platforms on the virtual market today, it still has some weak points to improve. Also, there is again the exposure to volatility, as users hold the tokens to be eligible to trade virtually. Nebulas Broad overview Nebulas (NAS) is a new generation blockchain and is open for public collaborations for decentralized application (dApp) development. Its adaptability and scalability are the two characteristics that could propel NAS to be one of the top cryptocurrencies, thus giving it enough leverage to compete in the market. Technology behind Nebulas Nebulas is the first crypto running on a 3rd generation blockchain, thus making it the dominant player of the new platform. This makes Nebulas highly flexible and scalable, even giving a good leverage in future-proofing their code. That could help avoid hard forking whenever some issues come up during scaling processes. Summary of potential Adaptability, scalability and search-ability are three of the biggest potential NAS has to offer. With the 3rd generation blockchain it uses, it can allow the adaption of other codes based from Nebulas. This means that other cryptos can adapt to its platform soon enough. Moreover, it can also act as a blockchain search engine. This can let users search particular blockchains based on efficiency and community strength. Finally, its goal to provide fair incentives to Decentralized Application (dApp) developers is something that collaborators could expect. This means that more developers are expected to come, thus strengthening NAS even further. Conclusion Nebulas (NAS) is a promising crypto especially with its adaptability, scalability and search-ability potentials. It can help with the fluidity of crypto into this new generation platform. However, it still lacks the value stability that Kinesis or stablecoins hold. NAS is still unpredictable, unlike Kinesis that backs it value with real gold. Sky Broad overview SkyCoin is a full environment system of blockchain technology, and has the goal of endorsing the actual usage of cryptocurrency. Technology behind Sky Sky has its own algorithm, the Obelisk, which uses the web of trust dynamics to spread influence all throughout the network to come up with a consensus decision. The consensus decision depends on each node, by valuing its influence score. The influence score of each node is determined by the number of network nodes connected to it. This depicts the importance of the node to the network. Aside from the Obelisk, Sky also operates its own cryptocurrency which is SkyCoin, its own ICO platform Fiber, a decentralized social media platform called BBS, and a decentralized messenger called Sky-Messenger. Summary of potential Sky focuses its potential on being a full ecosystem of blockchain technology that encourages actual usage of crypto. Through its unique algorithm which is the Obelisk and some other dApps associated with it, Sky is a promising crypto technology and could be considered as the most complete one as of today. Conclusion Sky, SkyCoin and the Obelisk is definitely a massive platform that could be considered as a full ecosystem of crypto and its related technology. Nonetheless, the SkyCoin depends its value on node influence scores, which could change from time to time as well. This makes Kinesis and Stablecoins still a better choice, especially for investors who want clear investments without hassle. Crypto Predictions for 2019 While 2017 had the masses captivated and investing large amounts of capital, 2018 has seen price drops and sagging hopes. While the returns in 2017 exceeded anyone’s expectations, a strong pullback was predicted by many. Whether or not this bear market continues from here is the real question many investors face today. Bitcoin’s rapid rise and fall exposed many problems, and the developers of the top cryptocurrencies in 2019 took note. When considering your crypto investments for 2019, factor in the following trends we predict will influence investments: More Pullbacks According to the CEO of Vellum Capital, Eric Kovalak, the price of cryptos will reach new lows before they will rebound to new heights. This includes the biggest cryptocurrencies in the market, including Bitcoin. Kovalak believes that it will be priced below $3,500 before it will find its way back up. However, there are many mixed opinions on the current price of BTC, with some arguing the bottom for the crypto markets have already been seen. Due to Bitcoin-based remittances, uncertainty in global economies like Asia, Turkey and Venezuela, and mobile penetration, there will be a surge in interest and the price of the digital currency. A Flood of Institutional Investors Institutional investors have been waiting on the sideline for the ETF to rule in favor of Bitcoin. According to Mike Novogratz, CEO of Galaxy Capital, once the ETF arrives, “institutional fomo’ will start flooding the market.” Another factor is Kinesis, the investment blockchain that provides investors with a safe and reliable alternative. Pegged against precious metals, it provides protection against volatility that may be caused by political instability. The Kinesis Monetary System lets you own real gold or silver when you purchase the digital currency. Your ownership is then digitized and then made available for spending, trading, and transfer. What is even better, the monetary system can be used internationally, ensuring reliability of money around the world. With the recent crisis around the Turkish Lira, the price of gold has significantly increased. Mass adoption of crypto by consumers In January 2019, blockchain technology will be 10 years old. It remains a speculative investment to this day but 2019 could be the year of mass adoption for digital currencies. For this to happen, however, there has to be some triggers. Speculation should become a real utility. People must use blockchain projects in everyday life so they will gain widespread use. Decentralized applications (DApps) must gain mainstream status to promote widespread adoption of cryptocurrencies. Improved payment processing, addressing the issue on the current situation of slow transaction times and high transaction fees. Scalability of blockchain technology with little to no impact on its efficiency. To date, slow transaction times are due to the growing number of users and transaction sizes. This calls for blockchain to grow and have the ability to compete with Mastercard, PayPal, or Visa. Introduction of off-chain solutions that allow users to complete a transaction through peer-to-peer payment channel instead of within the blockchain. This will address slow transaction times. Security will be provided by the parent blockchain. Gold Is Still The Standard Despite the promises and unique functions of many cryptocurrencies, there is still uncertainty in these new markets. Gold has remained the best form of investment throughout history, and the best store of value, especially through times of crisis in politics and economies. Kinesis pegs its value to gold which has proven to be the safest investment in history. Therefore Kinesis stands to gain from the stability gold offers while simultaneously fusing it with the unique features of this cutting edge crypto technology. With the Kinesis Monetary System, investing in gold is no longer the slow process that many older investors are used to. This cryptocurrency is backed by gold and silver and supports precious metals trade. It has three essential assets. Tokens that represent an investors ownership of gold and silver. The inherited system where performance is done. Complete blockchain security that supports investments and paves the way for the creation of new assets protected in a banking system. Most importantly, the Kinesis Monetary System allows thousands of transactions to be completed per second in a completely secure channel. The Near Future Even a decade later, cryptocurrencies are still very much in their infancy. At this time, no one is sure what shape this growing sector will take in the future. Many cryptocurrencies will come and go but the ones that show the most promise, that fulfill their use cases, will stick around for the long term. With any emerging technology, we have to watch how it evolves and how it merges with our everyday life, changing the way we interact with everything around us.
Some of the NEX team went through the questions asked a couple of days ago, but due to the answers being posted sporadically, i thought it might be better collating answers and reposting for visibility! I highly recommend reading through if you are interested in NEX! NEX team marked as U = u/Unignorant, C = u/Canesin, L = u/Localalhost_coz Original post here Q: What is the NEX marketing plan to grow in terms of a customer base ? And how far is the team away from a finished product? During most of the interviews I noticed the team reference comparison to Binance, how does the interface match binance in a decentralized environment? (u/sheldonbraganza) (U)We will have a complete product out on TestNet in Q2, and a fully working cross-chain exchange on the NEO and Ethereum networks in Q3. NEX is marketing to two primary groups of users: (1) Mainstream users who want an easier experience buying altcoins with cryptocurrency. Through our network of banking partners, we will make it easy for anyone in the world to buy tokens on NEO, ETH (and eventually other chains) using their national currencies. (2) Bots and traders: we aim to have best-in-class trading APIs for high performance, computational trading. We will have better and faster APIs than today's centralized exchanges, with the added benefit of these systems running on decentralized networks The point of our off-chain matching engine tech is to enable the same (or better!) usability as an exchange like Binance, while keeping around the decentralized model. The off-chain engine makes trading just as performant as today's centralized exchanges, and makes it much easier to support the kind of cross-chain trading functionality that has long been a pipe dream for decentralized exchanges. We are very much inspired by other exchanges like Coinbase in this regard, and we will be the first DEX to achieve this. (C) Just to remember that NEX is also going after costumers that usually are not considered by other exchanges with its features to facilitate peer to peer payments requests, invoicing and tipping/gifts. Q:Can you elaborate on NEX staking? The whitepaper was fuzzy about it and had terms like "staking percentage". (u/r3dh4r7) (U) The NEX staking rate will be from 25-75%. Committing to stake for one day gives a rate of 25%, which increases linearly to a rate of 75% if you are willing to stake for 2 years By staking rate, we mean the percentage of revenue you will get from NEX fee collection proportional to the tokens you hold. For example, if you hold 10% of all NEX tokens and are staking at a rate of 75%, then you will receive .10 * .75 = 7.5% of all fee revenue generated by NEX over that period. We will confirm these details in an updated white paper release coming out today or tomorrow. ~ If you commit for two years, the first year will still be at 75%. Q:How soon do you introduce Fiat pairs? (u/coinonymous1) (U) Our network of banking partners will begin to go live in Q2. That means users will be able to enter the ecosystem with national currencies through the NEX extension and web-based exchange interface. (C) To clarify, this are not direct trading pairs on the exchange itself (i.e. JPY/NEX) but a easy method to on ramp and cashout using the tools. Users will be able to acquire NEO and GAS with fiat and any other tokens traded at NEX will be using the exchange itself. Q: The chrome extension is great but why should I still rely on desktop to access NEX interface ? When can we expect Iphone/ Android App? (u/cryptobuddy_1712) (U) We are planning native android/iOS apps. Depending on how fast we can grow, they may be out by Q3. (C) Mobile presence is a complex topic, depending of how much of the full experience you want to provide - that will depend on the support shown by 3rd party wallets, if they adopt NEX APIs. Q: Will you guys be supporting Ledger integration any time soon? Nex chrome add-on, Nex exchange integration...?! Plans to list the Nex token on other exchanges before the release of your own? What are the plans to continue supporting Neon wallet now that Nex came out with their extension for chrome? Will Nex exchange introduce fiat deposits/withdrawals? (u/mihai_ss) (U) Yes, ledger is on the roadmap. We cannot comment on other exchange listings right now. We love and will continue to support Neon wallet (you are speaking to its creator :) as a great desktop wallet and complementary partner to our extension. NEX will support national currencies in/out of the exchange through our network of banking partners. (C) Not only ledger but hardware wallets in general. Ledger is priority currently given that it is quite popular in NEO. We have to have in mind that NEX is trying to do a lot of different things to make usage easier to new users (that probably don't have a ledger!), there is currently about 96k users of it (more than this sub) so we will focus on fixing the corner cases and issues that appears frequently with such large user base first. Q:More and more people are using mobile apps for trading. Don't you think nex should also have its own iOS and Android app. Are the API being developed future proof to integrate with mobile apps for trading and seeing candle charts. (u/Cryptobanku) (U) We agree with the power for mobile, and future proofing the API is 100% on our mind. Longer term, we are planning native iOS/android apps. Q:So NEX is a security right? What does that mean exactly? The Token only will be available on the neon exchange? In order to get the exchange dividends are we gonna be forced to put our tokens on stake mode? If so, once we put our tokens on stake mode does that mean we are not gonna be able to move them or sell them for a specific period of time? (u/sersimovi) (U) NEX is a registered European security. It will be traded on NEX exchange, but that is not the only place it will be traded (I cannot say more than that right now). Being a registered security is amazing for investors. It means that all of the sketchy things that so often happen with cryprocurrencies/tokens (things like market manipulation or insider trading) are made explicitly illegal. It also means that we, as a company, go through an extensive audit. For that, we have partnered with the top tier accounting firm Ernst and Young. The staking model means that you commit to staking your NEX for a certain amount of time to receive a share of fee revenue. The minimum amount of time you can stake NEX is one day. The maximum time you can stake is two years. While staked, you cannot move or sell the NEX tokens. (C) All that plus the investor don't need to fear it will crash because someone classified it as a security in the future. Q:When will the official sale date be announced and when will the official tokens per neo be determined? (u/rborsb9) (L) We are still working with our legal partners to determine a final sale date, but it will be sometime at the end of April. The tokens per Neo/Gas will be determined from the 10 day moving average of the price before the sale begins. Q:What do you think sets NEX apart from the countless other DEXs that are starting up right now? Why should people invest in NEX vs Switcheo/Etherdelta/Binance(once they release)? (U) NEX will be the first usable, performant, and cross-chain DEX. Out of all the exchanges you mentioned, none of them are using an off-chain matching engine, which quite simply means none of them can do what we are doing. In addition to that, NEX has by far the most generous revenue share model of any exchange you have mentioned. This is because we are embracing being a security (not hiding behind some questionably legal utility token). The people who invest in us will be treated very well by this model. As for competitors: Switcheo unfortunately doesn't work. There is no volume, and the SC is broken (or at least didn't work when I tried it; the transaction failed and it stole the small amount of GAS I tried to trade). Etherdelta has higher volume but still ridiculously low overall. And again, just try to use Etherdelta... it is a usability disaster. There is really no comparison here. Binance might do something interesting, if they decide to do anything. But we have better technical talent than Binance, so I am not too worried. Q:What % volume neon exchange will support compared with top centralized exchanges? Thanks big neo fan! (u/myfriendbaubau) (U) We will support just as much volume as today's centralized exchanges. Q: Will NEX have a stable coin? (u/masi252) (U) We have looked into various implementations and ideas surrounding stable coins and have determined that it is not something we are planning on doing in the near future. Cont: What about when Alchemint releases? (u/Bing0to) (C) We wanted to do a fundamental strong stable coin that was capital efficient. Unfortunately there is some pre-requisites for that to be possible that currently is lacking in crypto markets. We will continue to monitor how this space evolves and our ideas are stored waiting the future when they can be applied. Q:Can we expect the erc20 token trading earlier than q3? (u/markerizza) (U) Q3 is the current roadmap projection. It is possible it will happen earlier depending on our growth. Q: Will the token sale be via smart contract, so that we recieve our tokens right away? (u/Ebrii) (U) Yes Q: will you guys have an official subreddit and telegram anytime soon? (u/markerizza) (U) No, we dislike the idea of project oriented telegrams. There are too many opportunities for scammers. We may have a subreddit in the future, but not anytime soon. Q: What is the plan to get liquidity on the platform? It seems to be the biggest problem with current DEXs. (u/Mutedtommy) (U) We have strategic partnerships for this. We are also working with other partners to develop some nice APIs for high performance trading. Q: On the site you say that the ORIGINAL winners can participate in the second round (9000$) options, do you mean only the first round lottery winners or the first and second round winners combined? (u/FrancoisFrancis) (U) Any lottery winners (whether first or second draw) have the opportunity to participate in both rounds 1 and 2. Please see this medium post for clarification: https://medium.com/neon-exchange/nex-extension-and-lottery-q-a-667e56f58e4a Q: If you chose to participate in round 2 from the KYC process, does that mean you are guaranteed a spot? The medium article seems to indicate there will be an additional lottery from those who selected that option to see who from round one is eligible for round 2. (u/DwyerMatt) No one is guaranteed a spot in round 2. It is even possible (though extremely unlikely) that all NEX is sold out in round one. This would happen if everyone who is selected goes through KYC and participates at 100%. (U) Q: Will NEX tokens only be tradeable on NEX or is there a chance of it being listed on other exchanges like Binance? (u/Frank_Sinatra88) (U) See an answer above. Not just NEX, but I can't say more than that right now. Q: How do you see NEO compare to other coins on its network ? Like another coin could be valued more than NEO itself ? And will NEX always be bound to NEO? (u/BN_Boi) (U) It is unlikely but possible that a NEP5 token could eventually achieve a higher marketcap than NEO itself. NEX is not bound to NEO much at all. Our token will live as a NEP5 on NEO, and that is how users will receive staking rewards, but we will support trading very early on Ethereum as well. (C) Google runs atop of other companies infrastructure (telecom providers), but it is valued more than all of them. The same thing can (and probably will) happen in token land, it will just take a while - when infrastructure becomes less important than applications and platforms atop of it. Like with the internet. NEX behind the scenes (as the DEX is cross-chain from start) is using NEO capabilities, but the future of both is broad and uncertain. As a long term strategy the NEX company will do what it can to improve its underling technology and remove risk from its business. Q: Is there a vesting period for the half of available NEX tokens that will not be sold during the ICO? (u/ETHERjimbo) (U) The founder and employee tokens (25%) will vest over two years. Q: Whitepaper uses an example $100m in the fee distribution calculation. If NEX is truly a security token and the whitepaper is your prospectus then you must provide further data on fwd looking statements. The NEX token gives the right to fee distribution. Given this you must provide assumption based forecasts on expedited fees over the next 3 years. This will support price discovery. How can the market properly price the token when fee expectations are unknown.(u/nsheahan82) (C) Fee structure is defined on whitepaper and version v1.1 contains a example section as stated. Version v2.0 (to be released very soon) contains the actual staking portion (25% to 75% linear over two years growth on staking). Guess work on the volume would in reality be very indigenous, look at volume behavior market wise (https://coinmarketcap.com/currencies/bitcoin/#charts) so much variation. Following the 3 years trend we could say trading volume will be bigger than the world economy, clearly that is not happening. Q: Would NEX Staking be a 50% or 75% as stated on the whitepaper? (u/GMDaddy) (C)See answer above, it starts at 25% and goes up to 75%. The increase is linear and maximum period is 2 years. Cont: By linear, you mean like as an option where the user has the choice on picking whether to stake it from 25% up into 75%? (C)No, when you start staking it starts at 25% and by linear I mean it increases at a constant rate of about 2.08% per month for two years until it reach 75%. (U)To clarify fabio's comment: yes, you can choose a fixed rate of 75% by committing to stake for two years. Q: A massive attraction to NEX is the prospect of decentralised banking. What makes decentralised banking better than traditional banking? (u/kabelofthe3rd) (C)Our goal is to facilitate crypto trading at large, this touches from usage of applications to investing passing by funds management and invoicing solutions. What this enables is a digital cashless economy, we call it the smart economy. In the smart economy users are in control of their funds using this advanced technological tools to perform the tasks above and current banking solutions are no longer needed.
Q: Once NEX is rolled out, what will be the easiest way for US residents to buy some stake? I'm aware it's going to be issued as a security so I'm thinking the NEX token will only be tradable on NEX itself because most non decentralized exchanges will not list security's or tokens that don't pass the Howet Test. Is this correct?(u/Cozmo525)
(C)You are correct, for US persons you will need to wait other licensed exchanges list NEX or we acquire the proper licenses to allow US people to trade securities. Whatever happens first =) Q: Can I stake only NEX or also other Token f.e. NEO? (u/masi252) (C) NEO doesn't need to be staked, you already can claim GAS on NEX extension. Q: How do you plan to compete with Switcheo when they have first movers advantage and will be live for months before your platform will be? (u/toneeey1) (C)We plan to compete with anyone in our market by providing better products. Q: Will TNC be utilized? (u/molly1nora) (C)That is not planned, NEX has it own custom scaling solutions already in development. Q: Do you see exchanges not listing NEX, due to the fact that you guys are direct competition? (u/detnah) (C)That is a tricky question, I believe competition will not be with every exchange - in special centralized ones, as CEX they will more focused in national markets and we are going after broad chain level trade. Q: Is there a chance in the future you will also introduce other coins to the exchange sich as ERC-20 tokens etc? If so you'd blow all competition out the water. (u/Frank_Sinatra88) (C)Yes, ERC-20 tokens will be supported by Q3 together with NEP-5. Q: Will NEX APIs support mobile Dapps or Wallets? (u/johndon96) (C)Both, APIs are in general not target to a specific application, is up to the developers to use it in their products. Q: What are the team's plans to make NEX the best decentralized exchange and one of the best projects ever released? (u/its_me_TAG) (C)We will be working close to our costumers, never afraid of breaking status quo and never ending improvements. NEX will never be done. Q: Are there any plans to open up some Nex-Stores in several spots around the Globe? (u/michaeluebelhart) (C)No, but will have a online swag store :D Q: Is it possible that in the long future to have forex pairs listed on NEX? (u/BR8889) (C)In a future where fiat has token representations or stable coins are indeed stable. Q: When will we see the updated Whitepaper? (I know for example that you plan to integrate ERC20 tokens earlier than mentioned in the original Whitepaper) (u/mambor) (C) Target is this weekend. We could delay if redacting detects things that should be changed/improved. Q: What is your go-to-market strategy? (u/Dux_AMS) (C) We already have >100k users. ;)
Coinbase presented a set of trading signals for beginners in crypto trading
Coinbase is a secure platform that allows us to buy, sell, and store cryptocurrency like Bitcoin, Ethereum and others easier. Recently, the company announced that it`s going to launch a set of free of charge tools aimed to help those who only begin to trade to understand the main sense, secrets, and fundamentals of Forex trading. https://preview.redd.it/zd3nc6m4gtb31.png?width=860&format=png&auto=webp&s=b0d759cfc1fc468af0443384790de1ab8d22e18a One of these tools shows transactions dealt with by the biggest platform`s traders. As was pointed out in the company`s blog, the signals that transfer the activity of best traders are certain percentages of Coinbase with large balances, that have bought (increased) or sold (decreased) their positions for the past 24 hours. Data is being upgraded every 2 hours. As well as the previous tools, there is another one tool that should allow seeing the median number of days during which traders will hold an asset on the market before selling it or transfer to another address. The company makes more accurate the fact that these data include only the activity of individual users only, they do not show the deals made by large organizations. Coinbase is also elaborating on a new infrastructure for matching trade applications, which is going to be more productive and will allow the company to get closer to the Bitcoin`s “super-power rally”. The information above cannot be considered as investment advice and past results do not indicate future performance. \*Investors should have experience and understand the risks of losing all the initial investment.) 80% of retail investor accounts lose money when trading CFDs with GMOTrading.
Hey everyone, long time lurker here. I'm a Finance/MIS student with experience in equity/crypto markets, and now looking to be profitable in forex and to contribute to this community. I have put together an argument for why the EUUSD will be headed lower for the rest of the year and perhaps into 2019. There are both technical and fundamental aspects that will be presented, with an imgur album attached with a 4H, 1D, and 1W chart. The daily chart is attached with the post. Let's get started! Technicals:
From a 40,000 ft. perspective, the weekly chart presents a price channel going back to 2008 that the pair has traded in. In early 2018, the uptrend of 2017 halted and then reversed from the upper bound of the channel, while at the same time breaking downwards out of a symmetrical triangle formation - a clear reversal formation.
On the daily chart, we have the 50 day SMA crossing the 200 day SMA on June 6, the first time this has happened since the beginning of an uptrend in May 2017.
There is a potential descending triangle forming, which is labeled on the daily chart. There have been two overhead rejections, and two bounces from the supply zone. On the first bounce labeled "1", there was a bullish engulfing candle that failed to generate a significant rally - then on "2", there was not nearly as much buying pressure present off the bounce, signaling a likely continuation of the downtrend once the triangle is broken.
The Fed is further along than the ECB when it comes to raising rates. The U.S. economy continues to experience strong growth in almost all sectors which has led the Fed to steadily increase interest rates. On June 14th, the ECB announced rates would remain unchanged which led to a bearish reaction for the EUUSD.
While the U.S. has been no stranger to political instability, the EU is increasingly being affected by eurosceptic forces. The Italian populist government recently gained power and is implementing anti-EU policies and has considered dropping the Euro/leaving the Eurozone. Angela Merkel could potentially be ousted as Chancellor and thus the de factor leader of the EU over migrant policies.
So I pulled up the data from January 2017 on both Euro and USD. I think everyone can agree that was when you wanted to go long EURUSD. Here's what I found on each of the categories that I've been told are important to fundamental analysis:
17-Jan euro usd
interest rate 0 0.75
inflation rate 1.8 2.5
gdp growth rate 0.6 1.2
unemployment rate 9.6 4.8
balance of trade -1583 -48715
government debt to GDP 90.3 105.8
Here's where we stand today:
18-Feb euro usd
interest rate 0 1.5
inflation rate 1.3 2.1
gdp growth rate 0.6 2.6
unemployment rate 8.7 4.1
balance of trade 26273 -53118
government debt to GDP 89.2 105.4
As I've noted before the big thing that stood out in the Jan 17 assessment is that negative trade balance on the US side. I still maintain that $48B/mo in negative cash flows (now $79B!) just from running the economy has to dwarf any contribution from Forex speculators, but maybe I'm wrong. Yes, trillions of dollars move through Forex and derivatives, but these are Euros being bought with no stop loss or take profit, and minimal concern for order entry position. We would have to go all the way back to May of 2014 to see conditions that greatly favored the US. Comparing this year to last, Euro is down 28% on its inflation but up 9.4% on unemployment and 1.2% on government debt. The trade balance has swung $24.7B in favor of the Euro. GDP growth rate and interest rate has not changed. On the other hand, the USD had doubled its interest rate while losing 16% of its inflation. GDP has more than doubled and unemployment has improved 14.6%. The massive trade deficit has worsened 9% to -$53B. Government debt improved last year 0.38% but I expect that number to worsen once Trump's tax plan is on the books. Tomorrow's inflation data is projected to show 1.9% which would be even worse at -24%. So going category by category:
interest rate: favors US for the moment (see below)
inflation: favors Euro
GDP: greatly favors US
BoT: greatly favors Euro
Government debt: favors Euro, soon will even more heavily
I'm not seeing inflation to justify interest rate increases on the USD side. If you want to buy bonds I think now is the time to do so. You can resell them later once the US announces it is backing off from interest rate increases. The Trump tax plan did prop up the stock market momentarily, but it also incurs debt that's going to hurt the US if it wants to continue raising interest rates. The US cannot fix its trade balance. The new tax plan really only helps plutocrats. I don't think giving more money to the average citizen would help either since the average citizen would just spend more on foreign goods. The only thing I can think of is some sort of redistribution of wealth, with a focus on helping small businesses. At any rate, I'm not a politician just a speculative spectator. Other than long EURUSD, JPY, ZAR, and CNH all look strong with high trade balances to counteract the USD. ZAR and CNH have higher interest rates, though Oanda doesn't pay interest on the CNH trade. NZD looks more risky but it might be worth a play as well. There isn't as much pressure for them to drive their currency down like there is for JPY and CNH. I like ZAR mostly as a hedge against the negative carry trade from being long the other currencies, but it should improve in value as well.
IMPORTANCE OF FOREX TRADING BY FUNDAMENTAL ANNOUNCEMENT As people differ from one another, so do their preferred types of trading backgrounds in pursuing their goals. That can ring true for the method of using fundamental announcements and economic calendars. The approach is used by some in conjunction with analytics. Others pass it by, which can […] Fundamental announcements are important pieces of Forex information because they affect Forex prices significantly (often preceded by a tight sideways consolidation in Forex charts as Forex traders wait for the fundamental announcement). To monitor Forex fundamental announcements, I use the free economic calendar at Forex Factory. As people differ from one another, so do their preferred types of trading backgrounds in pursuing their goals. That can ring true for the method of using fundamental announcements and economic calendars. The approach is used by some in conjunction with analytics. Others pass it by, which can create opportunity for those who keep up. The Forex market is a […] So Forex traders are left to guess what might happen next. That’s where fundamental announcements enter the equation. And that’s why these announcements can cause price gyrations that ripple through all the currency pairs. Fundamental announcements, including employment figures, inflation estimates and other indicators of economic activity As such, most forex brokers put together a weekly forex news calendar that covers the major global economic announcements. It is for this reason that only economic events associated with major international currencies such as the US dollar, Australia Dollar, Canadian Dollar, Euro, Pound Sterling, Japanese Yen are able to cause any ripples in
Forex Fundamental Analysis - You Don't Need It - Duration: 19:29. No Nonsense Forex 75,389 views. 19:29. Mastering Buyers and Sellers in Forex [Webinar] Urban Forex - Duration: 56:34. FOREX FUNDAMENTAL PART AND TECHNICAL PART EXPLAINED. How to trade One Minute Strategy (part4) DJ Coach, Forex Broker Killer (FBK) - Duration: 9:21. FOREX AND BEYOND 34,078 views How to trade a fundie or Fundamental Announcement ProAct Traders. Loading... Unsubscribe from ProAct Traders? ... Arya Trader - Live Forex Signals & Forex Robots Arya Trader 74 watching. Forex Fundamental analysis: Forex news analysis for trading, News Trading System AsirFx 3sixty. ... Be sure to make note of what time those news announcements will be released in your local time. TO LEARN TELEGRAM 0736901992. 💰💰EXPOSED Forex Broker Killer modification of one minute strategy - FBK modification strategy - Duration: 20:56. Forex Trading Strategies 22,597 views