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Johnny Geoffrey Lee added a new event to Market Update group 4 months ago

Cryptocurrency Investor Summit

The Cryptocurrency Investor Summit (CIS) is a FREE one-day event designed to give you the edge on cryptocurrencies. The aim of the event is to help you understand what cryptocurrency is and why it’s viewed as by investors, banks and governments as the gold rush of our time. By the end of the event, you’ll leave with the knowledge and opportunities to make your money work harder for you than ever before, while also ensuring that your assets are protected and future-proof. We bring together the world’s top blockchain technology and cryptocurrency experts and providers on a single stage, as it becomes increasingly relevant within the realm of how businesses, systems and processes are run, the paradigm shift is clear, innovate or die. Organised by Success Resources, the global leader in education and personal development seminars, the international summit will shed light on the nuances within cryptocurrency, and how you can utilise this trend in a safe and efficient manner,...

  • Sunday, 28 January 2018 09:00 AM
  • B P International 8 Austin Rd, Tsim Sha Tsui Hong Kong
Johnny Geoffrey Lee posted a new discussion4 months ago

Congress Going All In on Bitcoin? $100,000 Price Could Be...

The United States Congress could have recently inadvertently sparked the biggest Bitcoin craze in history. In a stunning and unexpected move, they issued H.R. 835, a Congressional Resolution that could instantly affect every one of the 14 million Bitcoin investors worldwide. Bitcoin is already on a wild ride, soaring over 1,606% to $17,000 per coin since January. But thanks to this controversial move, H.R. 835 stands to send the price of Bitcoin to the moon. Michael Robinson, a cryptocurrency expert and the author of The Bitcoin Virtual Roadmap, one of the most reputable books published on bitcoin investing, believes H.R. 835 is a game-changer. Bitcoin trading for $100,000 per coin within the next month is not out of the question, Robinson says. “Thanks to the enormity of H.R. 835, I expect to see Bitcoin and other cryptocurrencies go mainstream. A single Bitcoin could easily reach $100,000 – even before New Years.” Average Americans are becoming “Bitcoin millionaires” daily....

Market Update
Johnny Geoffrey Lee posted a new discussion4 months ago

EUR/USD: 4 Reasons For A Drop Towards 1.10 Before Higher –...

Bank of America Merrill Lynch FX Strategy Research discusses EUR/USD outlook and argues that the risks are to the downside in H1 2018 on the following 4 factors : 1- EUR/USD has overshot the data. 2- The market is long EUR and this position could be at risk. 3- We expect further Fed and ECB monetary policy divergence, which the market has yet to price for the Fed. 4- The US tax reform will support the USD through fiscal stimulus and profit repatriation; market expectations remain too pessimistic in our view,” BofAML argues. U-shaped path for EUR/USD: “For H1, we expect EUR/USD to be primarily a USD trade, to a large extent driven by the impact from the US tax reform on the US economy and the FX and rates markets. In H2, we expect the ECB to start dominating as the main EUR driver. We expect EUR/USD to weaken to 1.10 in Q1 2018, but then to gradually move towards its long-term equilibrium, 1.19 by end-2018 and 1.25 by end-2019,” BofAML projects.

Market Update
Johnny Geoffrey Lee posted a new discussion5 months ago

Where is GBP/USD going?

Where is GBP/USD going? It hasn’t been able to rally beyond the moves driven by the dollar’s weakness, but hasn’t fallen either. What’s next. Here is their view, courtesy of eFXnews: ING FX Strategy Research discusses the GBP outlook, and thinks that sterling is likely to reach 1.40 in Q1 of 2018 as as UK economic pessimism fades. “We see two factors dictating the pound’s narrative in the short-term: (1) Domestic UK politics and (2) The Bank of England’s policy path. On the former, we believe noise around a fragile Conservative government may act as a limiting factor for the currency – but note that the bar to actively sell the pound on UK politics remains high… In terms of UK politics, only a 2018 General Election may feasibly see such risks being priced into GBP…,” ING argues. “Our conviction call is for GBP/USD to rally up to 1.40 on this story, with EUR/GBP moving to 0.85-0.86,” ING projects.

Market Update
Michael Aldrin Nicholas and 5 others have liked Group 5 months ago
Michael Aldrin Nicholas posted a new discussion5 months ago


Euro/dollar is the world’s most popular currency pair for both retail and institutional traders. 19 European countries that vary quite a bit from each other share the single currency. The key countries are Germany, France, Italy and Spain. The US dollar is the reserve currency of the world. A wide trade surplus, originating mostly from German exports, means that funds are flowing into the euro area. When markets are calm, this influx pushes the common currency higher. However, the eurozone has its share of economic and political issues and speculation takes its toll. The euro debt crisis engulfed Greece, Portugal, Ireland, Italy, and Spain. While the worst may be behind us, it is always looming. The leadership of the European Central Bank and President Mario Draghi helped stabilize and even save the euro. His “whatever it takes” speech in July 2012″ was a turning point. The diverse countries are linked by a monetary union but not a fiscal one, and this remains the Achilles heel....

Market Update
Erick Le Gonza and 2 others have liked Discussion 5 months ago
Erick Le Gonza and 79 others have joined the group Market Update 5 months ago