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The Energy consumption for mining bitcoins reached a record volume the Researchers found that the quantity of electricity spent mining bitcoins, roughly equal to the consumption of Tunisia. the Internet portal Digi Economist calculated the index of energy consumption of cryptocurrencies Bitcoin and Ethereum. The index values are calculated from the ratio of profit and costs for mining cryptocurrency. The obtained results were transferred to kilowatts and compared with data on the States. it Turned out that the total cost of production of the two most popular cryptocurrencies reaches 21 terawatts, which is comparable to the energy consumption of Ecuador or Azerbaijan. For the production of bitcoins takes about 16 terawatts per year, which can be compared...
Index the Euro rose to 94.20 points and is now growing at 10% since February, which led to a sharp tightening of monetary conditions in the Eurozone economy. The single currency is close to a nine-year high against the pound, touching 0.9211 this week, as Brexit makes British companies to postpone investment amid growing uncertainty. There is progress from the government may desire to compromise. The statement that only a part of the European legislation will spread to Britain, you can see it, but analysts admit that it is difficult to understand is this good or bad news for the pound.
The Major indexes on wall street opened in negative territory on Wednesday, surrendering some of the positions conquered in the previous session. the pressure on the indices had statements by the President of the United States trump that he's ready to allow government shutdown to achieve the financing of the construction of a wall on the border with Mexico, and also about the possible termination of NAFTA. In the first hour after opening, the Dow Jones Industrial Average sank 60 points to 21,840 S&P 500 by almost 6 points to 2,446, and the Nasdaq Composite by more than 15 points to 5,281.
The yuan may reach a peak and go to a slight decrease the Entire year the Chinese national currency showed a rise, but analysts predict the imminent decline of the yuan. Especially the rapid growth in the CNY was fixed in August, and the beginning of the year currency strengthened against its us opponent by 4%. Yesterday, China's Central Bank set the official exchange rate of the yuan at around 6,6597 – the maximum annual value. China's Economy is growing this year at a rapid pace that even be a concern for many experts in the financial field. Analysts are wondering is whether the Renminbi to save progress, if the economy of China will decline, or the dollar much stronger in the second half. Despite the visible stability and strength of the second largest...
According to a Tuesday report on economic and financial conditions in New Zealand, the growth of the new Zealand economy have been revised downwards. the Minister of Finance Steven Joyce said that in the next four years the average growth rate of New Zealand GDP can reach 3%, whereas it was forecasted average annual growth rate at the level of 3.1%. the new Zealand dollar is reduced actively with the beginning of August. Over the past two days, the pair NZD/USD fell about 100 points, or 1.3%. This also contributes to the growth of quotations of the us dollar on the eve of the economic conference in Jackson hole, which will be held August 24-26. The conference will include the heads of the leading world Central banks. From fed Chairman Janet Yellen is...
GPB/USD the moment, the pound tested support in the range of 1.2275/59. The pair now dropped below the Fibonacci level at 1.2825 and probes the July low of 1.2811, a fall below which will signal the movement to the area of 1.2775/59. Likely that the current August high of 1.3267 was the final local top. While the pair will trade below the level of 1.3031/49, the bearish pressure will continue.
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Good afternoon. will Continue with the analysis of crude oil using Elliott wave. As seen in the weekly chart in my opinion is over 1 and 2 wave ( in the alternative, W and X ). Wave 1 and 2 are more similar to correction , but that does not prevent me to predict the development of wedge ( in the alternative to the triple zigzag). it says on the continuation of the bull market.Next medium term goal I have indicated with green lines.
EUR|USD: the Basic variant: today will be considered as a continuation of the uptrend. Tier trend 1.1771 is the resistance that stopped the growth rate. We are in a very comfortable situation on the concept of development of the price movement in the medium term. Stage in the resistance and below the support of strong level of reaction lines 1.1738, from which the expected reversal of the reaction in the growth rate. the Release rates of the corridor 1.1771 - 1.1738 will tell us the whole development policy of the cross. alternatively, a search further downward movement when attaching American session above the stage of the trend 1.1738. With a detailed analysis of the other major currencies EUR|USD, GBP|USD, USD|JPY, AUD|USD, USD|CAD you can see on the...
The Dollar strengthened against a basket of major currencies on market repositioning ahead of the key events of the week – speeches by the heads of key Central Bank Symposium in Jackson hole. Judging by the resumption of USD purchases, the players still hope that on Friday Yellen did not rule out the probability of rate hike in December. Local support of the "Americans" had a strong data on business activity in the manufacturing sector FRB of Richmond index remained at 14 points despite expectations of a fall to 11 points.
After five sessions of consolidating, the pound failed to support 1,2845, pointing to the possibility of extending the downside. Moreover, the pound steadily failed the 100 day mA, what happened the last time in early March, and was accompanied by a subsequent 2% decline of the pair GBP/USD. moreover, the pound steadily failed the 100 day mA, what happened the last time in early March, and was accompanied by a subsequent 2% decline of the pair GBP/USD. Read more on the website of FOREX CLUB