OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Bitcoin resurgence following central bank QE? – Deutsche Bank

FXstreet.com (Barcelona) - According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “With the recent focus on global QE and potential competitive devaluations, it's interesting to see the resurgent interest in Bitcoin, a virtual currency. Events in Cyprus have led to a buying frenzy, which has sent the value of Bitcoin's monetary base to $1.5bn, while the price of the single Bitcoin has doubled in less than two weeks.”

The currency was created 4 years ago by an unknown computer scientist and the stock of "coins" grows according to a predetermined algorithm. Proponents of Bitcoin note that it is not controlled by any central bank or government authority.

Forex Flash: USD/JPY eyes 92.00 by year-end amidst BoJ action – Westpac

According to Global FX Strategist Sean Callow at Westpac, “We have run with a negative bias on USD/JPY for the last couple of weeks and several more weeks for EUR/JPY. However, versus the shopping list of policy we wanted to see from the BoJ in April, we would have to say we are impressed by what we see.” The BoJ is now targeting ¥140tn of JGBs on the balance sheet by end 2013 and ¥190tn by end 2014. The BoJ is targeting a doubling in the monetary base by end 2014.
Read more Previous

US markets on the rise, dollar tumbles

Equities in the US markets are trading back to the positive territory on Thursday, recovering ground after the poor weekly report on the labour market has undermined sentiment ahead of tomorrow’s Payrolls. The...
Read more Next
Start livechat