Oil on a roll and some bitcoin bashing – MM #170

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Oil prices are on the move, reaching new highs. We begin with diving into what happened and what’s next before tackling the cryptocurrency craze, which makes rollercoasters look moderate. 

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  1. Black gold shines:  The prices of oil jumped to levels last seen in late 2014, when OPEC sent them down. Are markets already stable? We examine the inventory situation, measure supply and demand, tackle the politics of oil and discuss forecasts for 2018.
  2. Cryptocurrency madness: Bitcoin is consuming a ton of electricity and other cryptocurrencies rise and fall in movements that would require huge leverage in regular currencies. Are government-issued currencies and digital ones comparable? While the technology may be interesting, there are many holes to poke, and that’s what we do.
  3. Preview:  Housing data and consumer confidence from the US, a rate decision (and probably hike) from Canada, and China’s GDP all await us.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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