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  • 23.07.2019 | Bitcoin, Litecoin and Ripples XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP




    Bitcoin Price Analysis (BTC/USD) Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend. An upward price rally was encountered, with the 7 day MA currently situated above the 21 day MA that indicated a bullish sign.  BTC/USD has slightly gained by 0.04% over the past 24hrs. Additionally, it began trading at $10618.19 and is currently at $10618.19. The Relative Strength Index indicator seemed to have gained momentum since it has moved from a low of 36 to a high of 52 that showed an increase in buyouts.  The RSI indicator is currently heading north, which indicates increase confidence in the coin by investors. Bitcoin Price Prediction At the press time, almost all the indicators are pointing towards a bull sign.  The 7 day MA is above the 21 day MA. The RSI indicator is also heading north which, signals further bullish momentum.  New targets should be set at $10700. Litecoin Price Analysis (LTC/USD) LTC/USD pair has also been dominated by a sideways trend with a temporary resistance and support level being defined at $100.43 and $97.24 respectively.  The RSI indicator that was seen hovering in between level 60 and 40 reflected a sideways market momentum. Aside from a sideways trend, the pair’s price market is bullish since it has been supported by the 7 day MA that is currently above the 21 day MA that signaled a bullish trend.  LTC has upsurged by 0.25% over the last 24hrs, having begun trading at $98.92 and is currently at the rate of $99.17. That showed positive investors sentiments. The RSI indicator is currently trading flat showing that the market is currently lacking momentum. Litecoin Price Prediction Currently, the 7 day MA is above the 21 day MA that signals further bullish momentum.  New targets should be set at $100.50, whereby the temporary resistance level $100.43 is most likely to be broken. Ripple’s XRP Price Analysis (XRP/USD) XRP/USD has also traded sideways over the entire intraday.  The horizontal channels confirmed the sideways trend. XRP began trading at $0.33035 that was followed by a massive dip that fluctuated the price down to a low of $0.32175.  The pair’s price later saw a short-term period of consolidation below the support level $0.032208. XRP/USD pair later gained momentum and was pushed up above the resistance level $0.33051 before embarking to a steady flow.  This placed XRP to its current price of $0.032780. The RSI indicator was seen heading south during the last 3hrs, that indicated reduce buyouts.  Apparently, despite an overall bullish sign, that was supported by the 7 day MA that is currently above the 21 day MA. XRP is slightly down by 0.8% that showed negative investors sentiments. Ripple’s XRP Price Prediction The Relative Strength Index indicator is at the moment heading south that signals incoming bearish rally in the next few hours.  New targets should be set at $0.32500. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.     https://quantsalus.com/faq/ ...

    Bitcoin Price Analysis (BTC/USD)

    Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend.

    An upward price rally was encountered, with the 7 day MA currently situated above the 21 day MA that indicated a bullish sign.  BTC/USD has slightly gained by 0.04% over the past 24hrs. Additionally, it began trading at $10618.19 and is currently at $10618.19.

    The Relative Strength Index indicator seemed to have gained momentum since it has moved from a low of 36 to a high of 52 that showed an increase in buyouts.  The RSI indicator is currently heading north, which indicates increase confidence in the coin by investors.

    Bitcoin Price Prediction

    At the press time, almost all the indicators are pointing towards a bull sign.  The 7 day MA is above the 21 day MA. The RSI indicator is also heading north which, signals further bullish momentum.  New targets should be set at $10700.

    Litecoin Price Analysis (LTC/USD)

    LTC/USD pair has also been dominated by a sideways trend with a temporary resistance and support level being defined at $100.43 and $97.24 respectively.  The RSI indicator that was seen hovering in between level 60 and 40 reflected a sideways market momentum.

    Aside from a sideways trend, the pair’s price market is bullish since it has been supported by the 7 day MA that is currently above the 21 day MA that signaled a bullish trend.  LTC has upsurged by 0.25% over the last 24hrs, having begun trading at $98.92 and is currently at the rate of $99.17. That showed positive investors sentiments. The RSI indicator is currently trading flat showing that the market is currently lacking momentum.

    Litecoin Price Prediction

    Currently, the 7 day MA is above the 21 day MA that signals further bullish momentum.  New targets should be set at $100.50, whereby the temporary resistance level $100.43 is most likely to be broken.

    Ripple’s XRP Price Analysis (XRP/USD)

    XRP/USD has also traded sideways over the entire intraday.  The horizontal channels confirmed the sideways trend. XRP began trading at $0.33035 that was followed by a massive dip that fluctuated the price down to a low of $0.32175.  The pair’s price later saw a short-term period of consolidation below the support level $0.032208.

    XRP/USD pair later gained momentum and was pushed up above the resistance level $0.33051 before embarking to a steady flow.  This placed XRP to its current price of $0.032780. The RSI indicator was seen heading south during the last 3hrs, that indicated reduce buyouts.  Apparently, despite an overall bullish sign, that was supported by the 7 day MA that is currently above the 21 day MA. XRP is slightly down by 0.8% that showed negative investors sentiments.

    Ripple’s XRP Price Prediction

    The Relative Strength Index indicator is at the moment heading south that signals incoming bearish rally in the next few hours.  New targets should be set at $0.32500.

    Cryptocurrency Charts By Tradingview

    Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

     

     

    https://quantsalus.com/faq/




    22.07.2019 | Hackers Confirm Russias FSB Still Aims to Deanonymize Tor Traffic




    For quite some time now, there have been persistent rumors regarding Tor being deanonymized. Although it is a known fact the NSA is capable of doing so, albeit it remains to be seen if they will explore that option. Russia’s FSB, however, is effectively working on such a project with the help of SyTech.  SyTech and FSB Join Forces In Russia, things are often done completely different from the rest of the world. There is nothing wrong with exploring other options, albeit the country has built up a solid reputation which isn’t all that positive. The recent findings, which came to light following a hack, will not help matters much in this regard. The information itself should not come as too big of a surprise to tech enthusiasts. The hackers in question successfully attacked and breached, Syech, a company contracted by Russian national intelligence service FSB. Among the information obtained during this breach are details regarding internal projects being developed. One of those ventures focuses on deanonymizing Tor traffic. That in itself once again confirms this protocol is not only not as anonymous as one thinks, but also under active attacks by the world’s superpowers. This project is internally known as Nautilus-S, and is quite similar to Nautilus. More specifically, Nautilus is a project for collecting data on social media users, targeting platforms such as LinkedIn and Facebook. Nautilus-S is designed to deanonymize Tor traffic by setting up rogue servers which act as gateways. This approach is not entirely new, as there have been genuine concerns regarding malicious Tor servers for many years now.  Unlike what one might think, the Nautilus-S project was effectively put to the test in 2012. After years of development, it was finally put into a working tool in 2014. It did not take long for foreign researchers to take note of what was going on and how hostile Tor exit nodes could pose major problems. Ever since that time, it remains uncertain if the project was still in operation. It seems logical to assume someone is exploring the option of using rogue Tor servers, but it might not necessarily be the FSB. Back in 2014, a total of 25 malicious exit nodes were identified, of which 18 were hosted in Russia. That doesn’t mean the rest of the servers weren’t under Russian control either, albeit further research is necessary to determine how this plan worked exactly. Even so, it poses a legitimate threat to Tor users around the world, especially now that the information regarding this project has been obtained by hackers.  For the time being, it remains to be seen if and how Tor will be affected by these revelations. Its developers have been working on ways to ignore potential rogue servers, albeit there is never a foolproof solution. Anyone can create  Tor exit node at any given time and with limited effort. As such, there will always be a chance someone is trying to deanonymize this type of internet traffic for an unknown purpose.   Image(s): Shutterstock.com   https://quantsalus.com/about/...

    For quite some time now, there have been persistent rumors regarding Tor being deanonymized. Although it is a known fact the NSA is capable of doing so, albeit it remains to be seen if they will explore that option. Russia’s FSB, however, is effectively working on such a project with the help of SyTech. 

    SyTech and FSB Join Forces

    In Russia, things are often done completely different from the rest of the world. There is nothing wrong with exploring other options, albeit the country has built up a solid reputation which isn’t all that positive. The recent findings, which came to light following a hack, will not help matters much in this regard. The information itself should not come as too big of a surprise to tech enthusiasts.

    The hackers in question successfully attacked and breached, Syech, a company contracted by Russian national intelligence service FSB. Among the information obtained during this breach are details regarding internal projects being developed. One of those ventures focuses on deanonymizing Tor traffic. That in itself once again confirms this protocol is not only not as anonymous as one thinks, but also under active attacks by the world’s superpowers.

    This project is internally known as Nautilus-S, and is quite similar to Nautilus. More specifically, Nautilus is a project for collecting data on social media users, targeting platforms such as LinkedIn and Facebook. Nautilus-S is designed to deanonymize Tor traffic by setting up rogue servers which act as gateways. This approach is not entirely new, as there have been genuine concerns regarding malicious Tor servers for many years now. 

    Unlike what one might think, the Nautilus-S project was effectively put to the test in 2012. After years of development, it was finally put into a working tool in 2014. It did not take long for foreign researchers to take note of what was going on and how hostile Tor exit nodes could pose major problems. Ever since that time, it remains uncertain if the project was still in operation. It seems logical to assume someone is exploring the option of using rogue Tor servers, but it might not necessarily be the FSB.

    Back in 2014, a total of 25 malicious exit nodes were identified, of which 18 were hosted in Russia. That doesn’t mean the rest of the servers weren’t under Russian control either, albeit further research is necessary to determine how this plan worked exactly. Even so, it poses a legitimate threat to Tor users around the world, especially now that the information regarding this project has been obtained by hackers. 

    For the time being, it remains to be seen if and how Tor will be affected by these revelations. Its developers have been working on ways to ignore potential rogue servers, albeit there is never a foolproof solution. Anyone can create  Tor exit node at any given time and with limited effort. As such, there will always be a chance someone is trying to deanonymize this type of internet traffic for an unknown purpose.

     

    Image(s): Shutterstock.com

     

    https://quantsalus.com/about/


    19.07.2019 | Gold in for 2nd-Straight Weekly Gain Amid Rate Cut Hopes




    Investing.com – Expectations for a U.S. rate cut before the start of August is keeping gold supported in the $1,400 range, landing a second-straight week of gains for the precious metal. {68|Spot gold}}, reflective of trades in bullion, traded at $1,428.85 per ounce by 1:36 PM ET (17:36 GMT), down $1.45, or 0.1%, on the day. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, slipped $1.40 to settle at $1,426.70. Bullion and futures of gold rose about 0.6% on the week despite weaker-than-expected U.S. housing data, while the IMF called the dollar "overvalued." In several tweets, President Donald Trump repeated his call for lower interest rates on Friday and accused the Fed of sticking to a “faulty thought process” as markets contemplate the possibility of a 50-basis-point cut at the July 30-31 policy meeting. Although Fed Chairman Jerome Powell has repeatedly shrugged off Trump’s attacks, citing the central bank’s independence and a lack of necessity to responding to short-term political pressure, markets are convinced there will be at least a quarter-point cut and there's a 60% chance rates will be 50 basis points lower after the September policy meeting, according to Investing.com's Fed Rate Monitor Tool. That would put the key federal funds rate at 1.75% to 2%. Beyond the Fed, central banks worldwide have been taking an increasingly dovish stance on monetary policy to the benefit of non-yielding gold. The European Central Bank is widely expected to give signs of further easing next week, with market odds for a cut having even surpassed 50% on Friday, while smaller central banks such as South Korea or South Africa already took action on Thursday. The outlook for lower interest rates has spread across the fixed income market resulting in $13 trillion worth of bonds with negative yields, increasing the appeal of gold. John Reade, chief market strategist at the World Gold Council, compared the performance of gold to bond yields in a series of tweets and reminded his followers that “zero is just a level, not a floor”. In another bullish factor for the outlook, the “hoarding” of gold by central banks looked set to continue for the following year, according to a survey conducted by the World Gold Council and YouGov. According to the poll of central banks, 54% of respondents expect global holdings to climb in the next 12 months amid concerns about risks in other reserve assets.   © Reuters.   https://quantsalus.com/rules/...

    Investing.com – Expectations for a U.S. rate cut before the start of August is keeping gold supported in the $1,400 range, landing a second-straight week of gains for the precious metal.

    {68|Spot gold}}, reflective of trades in bullion, traded at $1,428.85 per ounce by 1:36 PM ET (17:36 GMT), down $1.45, or 0.1%, on the day.

    Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, slipped $1.40 to settle at $1,426.70.

    Bullion and futures of gold rose about 0.6% on the week despite weaker-than-expected U.S. housing data, while the IMF called the dollar "overvalued."

    In several tweets, President Donald Trump repeated his call for lower interest rates on Friday and accused the Fed of sticking to a “faulty thought process” as markets contemplate the possibility of a 50-basis-point cut at the July 30-31 policy meeting.

    Although Fed Chairman Jerome Powell has repeatedly shrugged off Trump’s attacks, citing the central bank’s independence and a lack of necessity to responding to short-term political pressure, markets are convinced there will be at least a quarter-point cut and there's a 60% chance rates will be 50 basis points lower after the September policy meeting, according to Investing.com's Fed Rate Monitor Tool. That would put the key federal funds rate at 1.75% to 2%.

    Beyond the Fed, central banks worldwide have been taking an increasingly dovish stance on monetary policy to the benefit of non-yielding gold.

    The European Central Bank is widely expected to give signs of further easing next week, with market odds for a cut having even surpassed 50% on Friday, while smaller central banks such as South Korea or South Africa already took action on Thursday.

    The outlook for lower interest rates has spread across the fixed income market resulting in $13 trillion worth of bonds with negative yields, increasing the appeal of gold.

    John Reade, chief market strategist at the World Gold Council, compared the performance of gold to bond yields in a series of tweets and reminded his followers that “zero is just a level, not a floor”.

    In another bullish factor for the outlook, the “hoarding” of gold by central banks looked set to continue for the following year, according to a survey conducted by the World Gold Council and YouGov.

    According to the poll of central banks, 54% of respondents expect global holdings to climb in the next 12 months amid concerns about risks in other reserve assets.

     

    © Reuters.

     

    https://quantsalus.com/rules/


    18.07.2019 | Crude Prices Rise as Iran Says It Seized Foreign Oil Tanker




    Investing.com - Oil prices extended gains on Thursday after Iran said it had seized a foreign tanker in the Persian Gulf, pushing geopolitical premiums higher after a brief lull. New York-traded West Texas Intermediate crude futures rose 30 cents, or 0.5%, to $57.08 a barrel by 8:13 AM ET (12:13 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., gained 48 cents, or 0.8%, to $64.14. Several media reports cited Iranian state TV as saying that Revolutionary Guards forces seized a foreign tanker with 12 crew members accused of smuggling oil. The tanker was reportedly seized in the strait of Hormuz, a key shipping route for oil. Oil prices had been under pressure earlier this week in part from reports that the U.S. and Iran might begin talks soon, ratcheting down the recent tension in the Middle East. Ellen Wald, president of Transversal Consulting and Investing.com contributor, pointed to the fact that the “mere possibility” of negotiations between Washington and Iran had driven U.S. crude down more than 3%. “Overall, this shows that without the Iran tensions, oil prices would be lower, and absent the start of a war, the prices are not likely to increase much based on the Iran situation,” she said. Thursday’s gains in oil were the first after three consecutive sessions of losses due to several bearish factors beyond the Middle East. Contributing to this week’s selloff was the fact that Hurricane Barry passed without causing as much damage as feared, and oil rigs began preparations to restart production. That means they'll be able to contribute again relatively soon to a U.S. market that is already amply supplied: data from the Energy Information Administration showed that, despite a slightly larger-than-expected draw in U.S. crude inventories last week, gasoline and distillate stockpiles surged. In other energy trading, gasoline futures advanced 0.5% to $1.8881 a gallon by 8:15 AM ET (12:15 GMT), while heating oil gained 0.8% to $1.9075 a gallon. Lastly, natural gas futures traded up 0.9% to $2.325 per million British thermal unit.   © Reuters.   https://quantsalus.com/about/...

    Investing.com - Oil prices extended gains on Thursday after Iran said it had seized a foreign tanker in the Persian Gulf, pushing geopolitical premiums higher after a brief lull.

    New York-traded West Texas Intermediate crude futures rose 30 cents, or 0.5%, to $57.08 a barrel by 8:13 AM ET (12:13 GMT), while Brent crude futures, the benchmark for oil prices outside the U.S., gained 48 cents, or 0.8%, to $64.14.

    Several media reports cited Iranian state TV as saying that Revolutionary Guards forces seized a foreign tanker with 12 crew members accused of smuggling oil.

    The tanker was reportedly seized in the strait of Hormuz, a key shipping route for oil.

    Oil prices had been under pressure earlier this week in part from reports that the U.S. and Iran might begin talks soon, ratcheting down the recent tension in the Middle East.

    Ellen Wald, president of Transversal Consulting and Investing.com contributor, pointed to the fact that the “mere possibility” of negotiations between Washington and Iran had driven U.S. crude down more than 3%.

    “Overall, this shows that without the Iran tensions, oil prices would be lower, and absent the start of a war, the prices are not likely to increase much based on the Iran situation,” she said.

    Thursday’s gains in oil were the first after three consecutive sessions of losses due to several bearish factors beyond the Middle East.

    Contributing to this week’s selloff was the fact that Hurricane Barry passed without causing as much damage as feared, and oil rigs began preparations to restart production.

    That means they'll be able to contribute again relatively soon to a U.S. market that is already amply supplied: data from the Energy Information Administration showed that, despite a slightly larger-than-expected draw in U.S. crude inventories last week, gasoline and distillate stockpiles surged.

    In other energy trading, gasoline futures advanced 0.5% to $1.8881 a gallon by 8:15 AM ET (12:15 GMT), while heating oil gained 0.8% to $1.9075 a gallon.

    Lastly, natural gas futures traded up 0.9% to $2.325 per million British thermal unit.

     

    © Reuters.

     

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    16.07.2019 | Stocks - Wall Street Flat After Mixed Bank Earnings




    Investing.com – Wall Street was flat on Tuesday after mixed earnings from Goldman Sachs (NYSE:GS), JP Morgan and Wells Fargo (NYSE:WFC) reminded investors of uncertainties to the economic outlook - and of some negative consequences of interest rate cuts from the Federal Reserve. The Dow Jones Industrial Average rose 14 points or 0.1% by 9:45 AM ET (13:45 GMT), while the S&P 500 was down half a point or 0.1% and the Nasdaq composite fell 3 points or 0.1%. JP Morgan reported better-than-expected earnings, but its interest margin slipped, just a day after Citigroup (NYSE:C) also reported a similar fall. The results caused concerns that lower interest rates are hurting profits on lending. That's especially worrying, given that the banks' U.S. lending operations, notably to consumers, have performed better than their markets-based businesses. The Federal Reserve is expected to cut interest rates by 25 basis points at the end of the month. JPMorgan chief financial officer Marianne Lake told analysts that the bank's new forecasts, which included a cut in expectations for net interest income, are based on assumptions of three rate cuts this year. JPMorgan (NYSE:JPM) inched down 0.2%, while Goldman Sachs rose 2.3% after its results were better than expected, despite a 6% fall in quarterly profit. Wells Fargo slipped 0.7% - also on lending margin concerns - even though earnings topped forecasts. In other news, Domino’s Pizza slumped 4.7% after its sales were below estimates, while Johnson & Johnson (NYSE:JNJ) fell 0.8% after the company was unable to give clear guidance on the cost of legal proceedings that claim its talcum powder caused ovarian cancer. Elsewhere, Facebook (NASDAQ:FB) rose 0.6% ahead of a grilling in the Senate on its Libra digital currency project; Boeing (NYSE:BA) gained 0.2% and Beyond Meat was up 1.1%. In commodities, crude oil rose 0.5% to $59.92 a barrel. Gold futures were flat at $1,413.85 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.4% to 96.905. The dollar hit a two-year high against sterling on perceptions that a "hard" Brexit is increasingly likely.   © Reuters.   https://quantsalus.com/contacts/...

    Investing.com – Wall Street was flat on Tuesday after mixed earnings from Goldman Sachs (NYSE:GS), JP Morgan and Wells Fargo (NYSE:WFC) reminded investors of uncertainties to the economic outlook - and of some negative consequences of interest rate cuts from the Federal Reserve.

    The Dow Jones Industrial Average rose 14 points or 0.1% by 9:45 AM ET (13:45 GMT), while the S&P 500 was down half a point or 0.1% and the Nasdaq composite fell 3 points or 0.1%.

    JP Morgan reported better-than-expected earnings, but its interest margin slipped, just a day after Citigroup (NYSE:C) also reported a similar fall. The results caused concerns that lower interest rates are hurting profits on lending. That's especially worrying, given that the banks' U.S. lending operations, notably to consumers, have performed better than their markets-based businesses.

    The Federal Reserve is expected to cut interest rates by 25 basis points at the end of the month. JPMorgan chief financial officer Marianne Lake told analysts that the bank's new forecasts, which included a cut in expectations for net interest income, are based on assumptions of three rate cuts this year.

    JPMorgan (NYSE:JPM) inched down 0.2%, while Goldman Sachs rose 2.3% after its results were better than expected, despite a 6% fall in quarterly profit. Wells Fargo slipped 0.7% - also on lending margin concerns - even though earnings topped forecasts.

    In other news, Domino’s Pizza slumped 4.7% after its sales were below estimates, while Johnson & Johnson (NYSE:JNJ) fell 0.8% after the company was unable to give clear guidance on the cost of legal proceedings that claim its talcum powder caused ovarian cancer.

    Elsewhere, Facebook (NASDAQ:FB) rose 0.6% ahead of a grilling in the Senate on its Libra digital currency project; Boeing (NYSE:BA) gained 0.2% and Beyond Meat was up 1.1%.

    In commodities, crude oil rose 0.5% to $59.92 a barrel. Gold futures were flat at $1,413.85 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.4% to 96.905. The dollar hit a two-year high against sterling on perceptions that a "hard" Brexit is increasingly likely.

     

    © Reuters.

     

    https://quantsalus.com/contacts/


    15.07.2019 | Gold Fairly Steady in Final 2-Week Window to Fed Cut




    By Barani Krishnan Investing.com - With just two weeks before a potential U.S. interest rate cut, there seems to be little that could suppress gold prices. The yellow metal largely held its own on Monday against bullish Empire State manufacturing numbers and other positive data out of China, proving solid demand among investors for an alternative store of value in an environment marked by decreasing yields ahead of the expected Federal Reserve rate cut. Spot gold, reflective of trades in bullion, traded at $1,412.69 per ounce by 2:55 PM ET (18:55 GMT), down $2.82, or 0.2 %, on the day. But gold futures for August delivery traded on the Comex division of the New York Mercantile Exchange, settled up $1.30, or 0.01%, at $1,413.50. “Gold is steady in spite of record equities, and China’s relative economic numbers adding to the growth around the globe,” said George Gero, precious metals analyst at RBC Wealth Management in New York. “Gold futures still indicate a rate cut and dovish Fed comments are helpful to gold. Traders still buy good dips, so gold has seen bargain hunters active after each major setback recently,” Gero said. The New York Fed said that its Empire State manufacturing index for July came in at 4.3, compared with -8.6 in June. That bumped up the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies. The index gained 0.13% to 96.94 by 3:14 PM ET. An appreciation in the dollar is usually bearish to gold, but not on Monday. China’s upbeat readings on industrial production, retail sales and capital spending in June offset the worst GDP growth in 27 years during the second quarter. That, too, did not impact gold negatively. The Fed is widely expected to cut interest rates at the end of the month for the first time in a decade, lowering the opportunity cost of holding non-yielding bullion. As expectations for further policy easing across the globe increase, yields have been dropping on most fixed-income products, even those traditionally seen as high-risk in economic downturns. Mohamed El-Erian, chief economist at Allianz (DE:ALVG), tweeted that “even some high yield (‘junk’) bonds now trade at negative yields -- ie, creditors PAY for the privilege of financing companies with notable default risk." More than $13 trillion of bonds worldwide currently carry negative yields. John Reade, chief market strategist at the World Gold Council, suggested that, while gold has essentially been range-bound for the last three weeks, some of its technical factors are improving. Reade said that “the extreme overbought condition saw in June has moderated a lot”, while the “50-day moving average is climbing, making gold look less extended."   © Reuters.   https://quantsalus.com/about/...

    By Barani Krishnan

    Investing.com - With just two weeks before a potential U.S. interest rate cut, there seems to be little that could suppress gold prices.

    The yellow metal largely held its own on Monday against bullish Empire State manufacturing numbers and other positive data out of China, proving solid demand among investors for an alternative store of value in an environment marked by decreasing yields ahead of the expected Federal Reserve rate cut.

    Spot gold, reflective of trades in bullion, traded at $1,412.69 per ounce by 2:55 PM ET (18:55 GMT), down $2.82, or 0.2 %, on the day.

    But gold futures for August delivery traded on the Comex division of the New York Mercantile Exchange, settled up $1.30, or 0.01%, at $1,413.50.

    “Gold is steady in spite of record equities, and China’s relative economic numbers adding to the growth around the globe,” said George Gero, precious metals analyst at RBC Wealth Management in New York.

    “Gold futures still indicate a rate cut and dovish Fed comments are helpful to gold. Traders still buy good dips, so gold has seen bargain hunters active after each major setback recently,” Gero said.

    The New York Fed said that its Empire State manufacturing index for July came in at 4.3, compared with -8.6 in June. That bumped up the U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies. The index gained 0.13% to 96.94 by 3:14 PM ET. An appreciation in the dollar is usually bearish to gold, but not on Monday.

    China’s upbeat readings on industrial production, retail sales and capital spending in June offset the worst GDP growth in 27 years during the second quarter. That, too, did not impact gold negatively.

    The Fed is widely expected to cut interest rates at the end of the month for the first time in a decade, lowering the opportunity cost of holding non-yielding bullion.

    As expectations for further policy easing across the globe increase, yields have been dropping on most fixed-income products, even those traditionally seen as high-risk in economic downturns.

    Mohamed El-Erian, chief economist at Allianz (DE:ALVG), tweeted that “even some high yield (‘junk’) bonds now trade at negative yields -- ie, creditors PAY for the privilege of financing companies with notable default risk."

    More than $13 trillion of bonds worldwide currently carry negative yields.

    John Reade, chief market strategist at the World Gold Council, suggested that, while gold has essentially been range-bound for the last three weeks, some of its technical factors are improving.

    Reade said that “the extreme overbought condition saw in June has moderated a lot”, while the “50-day moving average is climbing, making gold look less extended."

     

    © Reuters.

     

    https://quantsalus.com/about/


    14.07.2019 | Officials seek answers after blackout in New York's Manhattan




    NEW YORK (Reuters) - Government and utility officials were still searching for definite reasons on Sunday for a five-hour blackout in a large section of New York City's Manhattan borough that left 73,000 customers without power on Saturday. No deaths or injuries resulted from the blackout that stretched from West 30th Street to West 72nd Street, an area filled with tourist attractions and Broadway theaters. A transformer explosion at West 49th Street cascaded into a widespread outage that cut power subways, homes and businesses. Mayor Bill de Blasio said the city and Consolidation Edison Co. of New York, the city's main utility, ruled out a surge in usage as a factor for the blackout on Saturday. Neither a cyber attack nor a terrorist act were to blame, de Blasio added at a press conference. "Definite causes will take some time" to figure out, he said. Activity in the Times Square (NYSE:SQ) appeared back to normal on Sunday. Traffic and subways returned to their summer weekend flow. Broadway theaters reopened after shows were canceled the evening before. During Saturday's blackout, Broadway performers entertained on sidewalks to delighted crowds, while a few citizens directed cars and trucks after traffic lights went down. Con Edison President Timothy Cawley assured that its electrical system will be able to handle a pickup in demand in air conditioning in the coming days. "We are prepared to the end of the week," he said. "We could still serve the system on the hottest day of the year." The city is bracing for daily peak temperature in the high-80s to low-90s Fahrenheit (low-to-mid 30 Celsius) over the next five days, according to the National Weather Service.     https://quantsalus.com/contacts/...

    NEW YORK (Reuters) - Government and utility officials were still searching for definite reasons on Sunday for a five-hour blackout in a large section of New York City's Manhattan borough that left 73,000 customers without power on Saturday.

    No deaths or injuries resulted from the blackout that stretched from West 30th Street to West 72nd Street, an area filled with tourist attractions and Broadway theaters.

    A transformer explosion at West 49th Street cascaded into a widespread outage that cut power subways, homes and businesses.

    Mayor Bill de Blasio said the city and Consolidation Edison Co. of New York, the city's main utility, ruled out a surge in usage as a factor for the blackout on Saturday.

    Neither a cyber attack nor a terrorist act were to blame, de Blasio added at a press conference. "Definite causes will take some time" to figure out, he said.

    Activity in the Times Square (NYSE:SQ) appeared back to normal on Sunday. Traffic and subways returned to their summer weekend flow.

    Broadway theaters reopened after shows were canceled the evening before.

    During Saturday's blackout, Broadway performers entertained on sidewalks to delighted crowds, while a few citizens directed cars and trucks after traffic lights went down.

    Con Edison President Timothy Cawley assured that its electrical system will be able to handle a pickup in demand in air conditioning in the coming days. "We are prepared to the end of the week," he said. "We could still serve the system on the hottest day of the year."

    The city is bracing for daily peak temperature in the high-80s to low-90s Fahrenheit (low-to-mid 30 Celsius) over the next five days, according to the National Weather Service.

     

     

    https://quantsalus.com/contacts/


    12.07.2019 | Bitcoin Down, but on Track to Snap Losing Streak




    Investing.com -- Bitcoin turned negative on Friday, but remained on track to snap a two-week losing streak despite negative comments from President Donald Trump. Bitcoin fell 0.5% to $11,584, but above a session low $11,109. Bitcoin was up as high as $11,738 intraday as traders assessed Trump's criticism of the popular crypto and Facebook’s upcoming launch of its Libra crypto. “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter. “If Facebook (NASDAQ:FB) and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International,” he added. Trump’s comments come as the crypto community prepares for more bashing from lawmakers about the risk of digital currencies, with Facebook (NASDAQ:FB) slated for hearings next week before both the House Financial Services Committee and the Senate Banking Committee to discuss its crypto project. Federal Reserve Chairman Jerome Powell warned earlier this week that Libra could not progress unless the social media company resolved “serious concerns” over “privacy, money laundering, consumer protection and financial stability.” Other cryptos bucked the trend lower, with XRP rising 5.57% to $0.34728, Ethereum flat at $273.67 and Litecoin up 0.51% to $104.87.   © Reuters.   https://quantsalus.com/rules/...

    Investing.com -- Bitcoin turned negative on Friday, but remained on track to snap a two-week losing streak despite negative comments from President Donald Trump.

    Bitcoin fell 0.5% to $11,584, but above a session low $11,109. Bitcoin was up as high as $11,738 intraday as traders assessed Trump's criticism of the popular crypto and Facebook’s upcoming launch of its Libra crypto.

    “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter.

    “If Facebook (NASDAQ:FB) and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International,” he added.

    Trump’s comments come as the crypto community prepares for more bashing from lawmakers about the risk of digital currencies, with Facebook (NASDAQ:FB) slated for hearings next week before both the House Financial Services Committee and the Senate Banking Committee to discuss its crypto project.

    Federal Reserve Chairman Jerome Powell warned earlier this week that Libra could not progress unless the social media company resolved “serious concerns” over “privacy, money laundering, consumer protection and financial stability.”

    Other cryptos bucked the trend lower, with XRP rising 5.57% to $0.34728, Ethereum flat at $273.67 and Litecoin up 0.51% to $104.87.

     

    © Reuters.

     

    https://quantsalus.com/rules/


    11.07.2019 | Gold Pushes Well Above $1,400 on Powell's Rate-Cut Hint




    By Barani Krishnan Investing.com – Jay Powell uttered the magic words: “Will act as appropriate” to counter slowing business investments and growing economic uncertainties. The only question now is, will the Fed chairman convert those words, which he's been uttering for the last month or so, into an interest-rate rate cut at the central bank’s meeting later in the month. Gold investors think the rate cut is surely coming and pushed gold prices forcefully above $1,400 an ounce on Wednesday after Powell’s testimony on business and economic conditions to the House Financial Services Committee. Spot gold, reflective of trades in bullion, traded at $1,413.65 per ounce by 1:13 PM ET (16:35 GMT), up $13.15, or 0.9%, on the day. The session high was $1,414.95. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, settled up $12, or 0.9%, to $1,412.50. Investors have rushed into gold over the past two months, pushing the yellow metal from $1,200 levels to $1,400, as talk of a rate cut came into play. A rate cut will weaken the U.S. dollar and boost gold. In fact, the Dollar Index, which pits the greenback against a basket of currencies, fell 0.4%, its most in a day since June 21. Powell’s testimony came ahead of a key event awaited by gold investors: release of the June meeting minutes of the Federal Reserve that would give an insight on why the central bank abstained from a rate cut last month, and how different things could be this time. The Fed chief has been under tremendous pressure from President Donald Trump, who has all but threatened to fire him if he doesn’t authorize a rate cut soon. Powell has maintained that he will not be politically cowed and will not resign even if Trump demands it. “Powell knows that if he pushes rate cuts expectations out until September, then that could trigger a furious response from both Donald Trump and the dollar, while stocks could fall further,” said Fawad Razaqzada, analyst on precious metals and currencies at FOREX.com in London. “Thus, he will probably err on the side of caution and offer little in the way of strong hints about policy direction in the upcoming meetings,” Razaqzada said, citing pending consumer inflation figures as another key indicator for Fed action. Business investments across the United States have slowed recently as uncertainties over the economic outlook linger, Powell said in prepared testimony to the House Financial Services Committee. “Inflation has been running below the Federal Open Market Committee’s (FOMC) symmetric 2 percent objective, and crosscurrents, such as trade tensions and concerns about global growth, have been weighing on economic activity and the outlook,” he said, reiterating the central bank will “act as appropriate” to sustain the current economic expansion. Investing.com's Fed Rate Monitor Tool continutes to suggest a 100% chance the Fed will cut its key federal funds rate from 2.25%-2.5% to 2%-2.25% in July. Powell also said in a recent speech “an ounce of prevention is worth more than a pound of cure,” a hint that the central bank might lean toward a so-called insurance cut to head off a potential economic slowdown. Yet, some market participants had scaled back expectations that a July cut is almost a certainty after a 224,000-strong jobs growth in June signaled the economy may be too strong for an easing. The forecast jobs expansion was only 160,000. Other Fed bankers lined up to speak this week are New York Fed President John Williams (NYSE:WMB), St Louis Fed president James Bullard, Fed Atlanta President Raphael Bostic, Fed Vice Chair for Supervision Randal Quarles, Richmond Fed President Thomas Barkin and Minneapolis Fed President Neel Kashkari. Of these, the most closely watched would be Bullard, who was the only dissenting voice at the June Fed meeting, when the central bank decided to hold rates. The St. Louis Fed president is one of the more dovish members of the central bank’s policy-setting Federal Market Open Committee, or FOMC.   © Reuters.   https://quantsalus.com/faq/...

    By Barani Krishnan

    Investing.com – Jay Powell uttered the magic words: “Will act as appropriate” to counter slowing business investments and growing economic uncertainties.

    The only question now is, will the Fed chairman convert those words, which he's been uttering for the last month or so, into an interest-rate rate cut at the central bank’s meeting later in the month.

    Gold investors think the rate cut is surely coming and pushed gold prices forcefully above $1,400 an ounce on Wednesday after Powell’s testimony on business and economic conditions to the House Financial Services Committee.

    Spot gold, reflective of trades in bullion, traded at $1,413.65 per ounce by 1:13 PM ET (16:35 GMT), up $13.15, or 0.9%, on the day. The session high was $1,414.95.

    Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange, settled up $12, or 0.9%, to $1,412.50.

    Investors have rushed into gold over the past two months, pushing the yellow metal from $1,200 levels to $1,400, as talk of a rate cut came into play. A rate cut will weaken the U.S. dollar and boost gold. In fact, the Dollar Index, which pits the greenback against a basket of currencies, fell 0.4%, its most in a day since June 21.

    Powell’s testimony came ahead of a key event awaited by gold investors: release of the June meeting minutes of the Federal Reserve that would give an insight on why the central bank abstained from a rate cut last month, and how different things could be this time.

    The Fed chief has been under tremendous pressure from President Donald Trump, who has all but threatened to fire him if he doesn’t authorize a rate cut soon. Powell has maintained that he will not be politically cowed and will not resign even if Trump demands it.

    “Powell knows that if he pushes rate cuts expectations out until September, then that could trigger a furious response from both Donald Trump and the dollar, while stocks could fall further,” said Fawad Razaqzada, analyst on precious metals and currencies at FOREX.com in London.

    “Thus, he will probably err on the side of caution and offer little in the way of strong hints about policy direction in the upcoming meetings,” Razaqzada said, citing pending consumer inflation figures as another key indicator for Fed action.

    Business investments across the United States have slowed recently as uncertainties over the economic outlook linger, Powell said in prepared testimony to the House Financial Services Committee.

    “Inflation has been running below the Federal Open Market Committee’s (FOMC) symmetric 2 percent objective, and crosscurrents, such as trade tensions and concerns about global growth, have been weighing on economic activity and the outlook,” he said, reiterating the central bank will “act as appropriate” to sustain the current economic expansion.

    Investing.com's Fed Rate Monitor Tool continutes to suggest a 100% chance the Fed will cut its key federal funds rate from 2.25%-2.5% to 2%-2.25% in July. Powell also said in a recent speech “an ounce of prevention is worth more than a pound of cure,” a hint that the central bank might lean toward a so-called insurance cut to head off a potential economic slowdown.

    Yet, some market participants had scaled back expectations that a July cut is almost a certainty after a 224,000-strong jobs growth in June signaled the economy may be too strong for an easing. The forecast jobs expansion was only 160,000.

    Other Fed bankers lined up to speak this week are New York Fed President John Williams (NYSE:WMB), St Louis Fed president James Bullard, Fed Atlanta President Raphael Bostic, Fed Vice Chair for Supervision Randal Quarles, Richmond Fed President Thomas Barkin and Minneapolis Fed President Neel Kashkari.

    Of these, the most closely watched would be Bullard, who was the only dissenting voice at the June Fed meeting, when the central bank decided to hold rates. The St. Louis Fed president is one of the more dovish members of the central bank’s policy-setting Federal Market Open Committee, or FOMC.

     

    © Reuters.

     

    https://quantsalus.com/faq/


    10.07.2019 | Bitcoins Rise Not Shared by Crypto Rivals, Market Dominance Hits 19-Month High




    Investing.com - Bitcoin traded higher on Wednesday, extending its rally to five days and pushing the crypto sector higher, despite losses registered by its closest rival alt coins. Bitcoin jumped 5.6% to $12,992.8 on the Investing.com Index by 8:27 AM ET (12:27 GMT), in a move that lacked clear triggers. It has been on a tear since the Federal Reserve signalled that it would stop raising interest rates, and has continued to gain as the prospect of a new cycle of interest rate cuts has loomed ever larger. While Bitcoin remained below its 2019 high, the largest alt coin has climbed to 65% of total cryptocurrency market capitalization, its highest level since the beginning of December 2017, according to a report from cryptocurrency website Cryptopotato. That was just before the height of the cryptocurrency frenzy took bitcoin to nearly $20,000 before plummeting to almost $3,000. Accordingly, the largest cryptocurrency was the main driver for overall gains in the sector on Wednesday as total market cap rose to $356.34 billion, compared to $348.23 billion a day earlier. Among its closest rivals, Ethereum dropped 0.8% to $307.72, XRP fell 0.9% to $0.3911, while Litecoin traded down 1.0% to $118.271. Matt Simpson, technical analyst at trading house City Index, said in a note on Wednesday that bitcoin had potential to hit new highs for the year as the bias will remain bullish above $12,100. Beyond the year’s high of $13,929.8, Simpson suggested that current charts pointed to an initial target of around $14,290. “But (it) can eventually travel further and is certainly something to consider given the strength of the underlying trend,” he said. In other cryptocurrency news, Fortune reported Wednesday that Visa (NYSE:V) has invested millions of dollars in Anchorage, a startup that secures digital coin holdings for institutional investors. The financial magazine noted that it was the second known investment from Visa (NYSE:V) in a cryptocurrency startup and that both companies were founding members of Libra, a digital coin project pioneered by Facebook (NASDAQ:FB).   © Reuters.   https://quantsalus.com/news/...

    Investing.com - Bitcoin traded higher on Wednesday, extending its rally to five days and pushing the crypto sector higher, despite losses registered by its closest rival alt coins.

    Bitcoin jumped 5.6% to $12,992.8 on the Investing.com Index by 8:27 AM ET (12:27 GMT), in a move that lacked clear triggers. It has been on a tear since the Federal Reserve signalled that it would stop raising interest rates, and has continued to gain as the prospect of a new cycle of interest rate cuts has loomed ever larger.

    While Bitcoin remained below its 2019 high, the largest alt coin has climbed to 65% of total cryptocurrency market capitalization, its highest level since the beginning of December 2017, according to a report from cryptocurrency website Cryptopotato. That was just before the height of the cryptocurrency frenzy took bitcoin to nearly $20,000 before plummeting to almost $3,000.

    Accordingly, the largest cryptocurrency was the main driver for overall gains in the sector on Wednesday as total market cap rose to $356.34 billion, compared to $348.23 billion a day earlier.

    Among its closest rivals, Ethereum dropped 0.8% to $307.72, XRP fell 0.9% to $0.3911, while Litecoin traded down 1.0% to $118.271.

    Matt Simpson, technical analyst at trading house City Index, said in a note on Wednesday that bitcoin had potential to hit new highs for the year as the bias will remain bullish above $12,100.

    Beyond the year’s high of $13,929.8, Simpson suggested that current charts pointed to an initial target of around $14,290. “But (it) can eventually travel further and is certainly something to consider given the strength of the underlying trend,” he said.

    In other cryptocurrency news, Fortune reported Wednesday that Visa (NYSE:V) has invested millions of dollars in Anchorage, a startup that secures digital coin holdings for institutional investors.

    The financial magazine noted that it was the second known investment from Visa (NYSE:V) in a cryptocurrency startup and that both companies were founding members of Libra, a digital coin project pioneered by Facebook (NASDAQ:FB).

     

    © Reuters.

     

    https://quantsalus.com/news/


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