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How to Prepare for the Future of Bitcoins? – SF Weekly

Dealing with the subject of cryptocurrencies is not a new thing that has been created right now. Instead, nowadays, more and more people are trying to become a part of the digital trading world as there are so many benefits to it. The digital values that are widely known as cryptocurrencies are popular trading choices…

Dealing with the subject of cryptocurrencies is not a new thing that has been created right now. Instead, nowadays, more and more people are trying to become a part of the digital trading world as there are so many benefits to it. The digital values that are widely known as cryptocurrencies are popular trading choices and it is expected to do great things in the near future. But, there is a simple concern that people are talking about, which is how you can be certain in the success of the major digital values that is the Bitcoins? Well, there cannot be a certainty when it comes to answering this question, however, if you take a look at the very beginning of the cryptocurrencies, such as Bitcoins, you will notice a huge rise and improvement.

These segments only speak on a level of trust, as people seem to have doubts when the Bitcoins first appeared. But, all of this quickly ended as cryptocurrencies, and with them, Bitcoins as well started to take over the interest of the general public and people invested a lot in them. This famous increase in interest has doubled the initial value of Bitcoins and now we are living in a world where cryptocurrencies are dominating our lives. 

But, what will happen in the future of Bitcoins? How can you actually prepare for it? Well, you can continue reading and find out the answers to these questions. 

Exploring Online Trading Options

One of the major influences of the cryptocurrency market that is concerning the Bitcoins as well is definitely the usage of applications. This is due to the latest technological development that is creating an easier approach to the everyday things that are concerning your life. This is also a crucial part of the rise of the Bitcoins that is generating more trading opportunities than ever. 

The usage of trading apps is rather popular as it gives you guidance throughout the whole process of trading. To put this in other words, you can use trading apps in order to help you make your initial investments, especially if you are a beginner. Trading apps like Bitcoin Loophole will provide you with a sense of security as you will get to create a trading account with a minimum deposit, and enjoy the trading session as the trading robot takes care of the rest. You can read all about the significant details of using these online trading platforms like Bitcoin Loophole in this Bitcoin Loophole review so that you can get a better understanding of the various trading opportunities that come with it. 

So, make sure that you have complete research regarding the online trading opportunities and first try the demo option that is offered by the Bitcoin Loophole trading app. This step will help you build your background knowledge before making any major decisions.

Make That Investment 

It is expected to see a rise in Bitcoin prices as time goes by. This is only possible as there are so many people that are placing their investments and mine for Bitcoins right at this moment. Having to deal with major sums of digital currencies and use them as trading opportunities, the future of Bitcoins looks like it would be filled with many chances for profit. 

However, if you want a sense of security you should pay close attention to the latest Bitcoin news and be familiar with the major updates in the cryptocurrency market in general. These two segments will help you make calculated decisions that will affect the future of your investments, hence increase your overall profits. 

The Bottom Line

It is rather complicated to predict the future of Bitcoins as a major part of the cryptocurrency world. Instead, you can make sure that you are following the latest updates that will help you get the needed insight before you place your next investment. The availability that is describing the current situation of Bitcoins influences the value in general, so make sure that you are taking extra measures that will ensure the safety of your earnings.

Look for trading security that is provided by the usage of trading apps and place your investment wisely. Take that risk and you might end up with profitable Bitcoin transactions that might stabilize the price fluctuations. 

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

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Financial News

Africa’s first Fairtrade certified gold co-operative offers hope to gold miners living in poverty

Syanyonja Artisan Miners’ Alliance (SAMA) has become the first artisanal small scale mining co-operative in Africa to become Fairtrade certified, bringing much needed hope to impoverished communities who risk their lives to mine the rich gold seam that runs around Lake Victoria.

SAMA is one of nine previously informal groups from Uganda, Kenya and Tanzania which has benefitted from a pilot project launched by Fairtrade in 2013. This innovative program aims to extend the benefits of Fairtrade gold to artisanal miners across East Africa.

In that short time, SAMA has undergone training in business and entrepreneurship, as well as safe use of mercury, internal control systems, labour rights and better working conditions, health and safety and more. Previously, daily contact with toxic chemicals used to process gold meant members risked disease, premature births and even death.  Fairtrade gold was first launched in 2011, and SAMA now joins Fairtrade certified gold mines MACDESA, AURELSA and SOTRAMI in Peru.

The co-operative produces just 5 kg gold per year, but nevertheless has the potential to significantly benefit many people in the local community through better conditions through certification. It is expected that Fairtrade and organizations like Cred Jewellery will support the miners, ensuring their gold can be refined and made available to jewellers in the UK and other markets.

Gonzaga Mungai, Gold Manager at Fairtrade Africa said: “This is a truly momentous and historical achievement and the realisation of a dream that is many years in the making. Gold production is an important source of income for people in rural economies. Congratulations to SAMA, it sets a precedent which shows that if groups like this can achieve certification, then it can work for others right across the African continent.”

The Fairtrade Gold Standard encourages better practice and changes to come in line with international regulation around the production and trade of so-called ‘conflict minerals’. Under the Standard, miners are required to:

  • Uphold a human rights policy preventing war crimes, bribery, money laundering and child labour
  • Clearly represent where the minerals were mined
  • Minimise the risks of conflict minerals through robust risk assessments and collaboration across supply chains
  • Report to buyers and trading partners regarding the risks of conflict minerals

Now in its second phase, the programme will focus on supporting other mining groups in the region to access affordable loans and explore a phased approach to accessing the Fairtrade market, allowing more mining co-operatives across Africa to participate in the programme.

Gonzaga added: “Sourcing African metals from smallscale miners in the Great Lakes Region is the responsible thing to do. For a long time companies have avoided buying gold from this region, with devastating consequences for impoverished communities who were already struggling. It has driven trade deeper underground, as unscrupulous buyers pay lower prices and launder illegal gold into legitimate supply chains. That’s why we have chosen to work with these groups to help them earn more from their gold within a robust compliance system that offers social, environmental, and economic protections.”

The Fairtrade gold programme offers a small but scalable solution to sustainable sourcing of gold from the region in line with Section 1502 of the Dodd-Frank Act in the US, OECD Due Diligence Guidance and recent EU Supply-Chain Due Diligence proposals which could come into effect in 2016. This means that up to 880,000 EU firms that use tin, tungsten, tantalum and gold in manufacturing consumer products could be obliged to provide information on steps they have taken to identify and address risks in their supply chains for so-called ‘conflict minerals’.

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