Tag: Currencies
Troubled Cryptocurrency Exchange Files For Protection
The popular cryptocurrency exchange platform, QuadrigaCX filed for creditor protection in the province of Nova Scotia Canada as it’s on the hook for about $250 million Canadian, or $188 million USD. As many as 115,000 account holders are now forced to wait, and don’t know when or even whether or not they’ll see their assets […]
An Epic Battle Is Brewing Over The Yuan
For some time now, China’s been working to turn their currency, the Yuan, into a global reserve currency. Their reasoning is fairly straightforward… they’d like to stop using the US Dollar for global transactions. China’s already taking steps to achieve their lofty goal. The most important step they’ve taken is “un-pegging” the Yuan from the […]
A US Dollar Rally Against All Odds…
It’s no secret the USD is screaming higher. In just over three weeks, we’ve seen the US Dollar Index climb from just around 74.00, to 78.50. And that’s after it has spent most of the year trading between 73.00 and 76.00. But you’ve got to be wondering… is this rally for real? I’m going to […]
BRICS Currencies Are A Strong Buy!
Just Wednesday I talked about the run up in “safe haven” currencies. In case you missed it, the article discussed the recent uptrend in the Swiss Franc, Japanese Yen, and even Gold. And of course, why it was happening… Safe haven currencies have been the best performers during the current debt crises in the US […]
