Forex

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;Bitcoin Fever has taken hold across the world, the worse example appears to be in the US where FOMO players have pushed it on some exchanges as high as $19,500 (GDAX) where as more conventional (yes I did say that) exchanges saw $17,000. That in one problem; Price discovery, the South Korean PM sees it as much worse.

Bitcoin is currently the leading worldwide cryptocurrency and it is quickly becoming a popular alternative form of payment electronically. Be informed of the risks and how to counter them.

German chancellor Angela Merkel was out today saying "Europe needs a strong Germany, it is desirable to get a government in place quickly".  Germany still has not formed a government since she won the election but short of a majority. 

Goldman Sachs $GS  is partnering with the Chinese Sovereign Wealth Fund China Investment Corporation (CIC ) to invest $5 billion in American manufacturing WSJ is reporting via sources.

The Swiss National Bank Released it's Foreign Exchange Reserves and Swiss Franc Bond Investments (end of Q3 2017) and filed its U.S. stock holdings with the SEC. 40% of it's investments are in the euro with 35% in the U.S. Dollar. 68% in Bonds and 20% in stocks.

Right on cure for Halloween the CME announced it will be launching futures contracts for the cryptocurrency Bitcoin in Q4 2107 once regulatory measures are completed. Also right on cue Bitcoin launced to new all time highs.

The first half of the year saw a rush of cross border credit to China while cross border credit to advanced economies and most emerging markets fell, the largest falls were to  borrowers in Chinese Taipei (Taiwan), Brazil and Poland the Bank of International Settlements (BIS) said.

Spain's central government in Madrid on Saturday put forward plans to trigger Article 155 for direct rule in the Catalan region in North Eastern Spain. The independance referendum was  immediately dismissed by MAdrid nearly 3 week's ago.

The New Zealand dollar has tumbled in foreign exchange markets after the fallout from the party with the balance of power, First Party after the recent election decision to side with the opposition Labour/Green coalition. The inexperienced Jacinda Arden is the new Prime of Minister of New Zealand which has caused finacial markets to lurche lower.

Been a busy few weeks for Bitcoin and JPMorgan CEO Jamie Dimon, last month he said Bitcoin was a fraud and it collapsed, the crypto currency fought it's way back. Yesterday at $JPM earnings call he Dimon said he isn't talking about it anymore. $BTC is up $1000 since.

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