Investors run into bitcoin, fleeing from another blow with a fork in the back

The uncertainty surrounding another split bitcoin puts pressure on hundreds of digital tokens issued this year, while the largest crypto currency continues to grow unabashedly in value. “Market participants are running into bitcoin as a conservative position,” said Stan Miroshnik, managing director of Element Group, which helps start-ups with the initial placement of coins. In …

OppenheimerFunds: until the end of the year we are looking with interest at purchases of the ruble and the Turkish lira

According to the manager of OppenheimerFunds Alessio de Longis, now is a convenient time to keep the position in the currencies of developing countries “above the market” in their portfolio. “We remain interested in the carry trade strategy in the case of the emerging markets segment,” the expert stresses, noting good growth and inflationary forecasts. …

Oil lost power over currencies?

The currencies of some of the world’s largest oil exporters are now showing a weakening of their traditional historical dependence on oil quotes. During the last 3 months, the Canadian dollar has weakened, the Norwegian krone remained almost flat, and the Russian ruble strengthened by only 4%, although Brent crude grew by 17% over this …

CIBC waits for the dollar to fall by the end of the week

Against the backdrop of growing uncertainty surrounding the prospect of changes in US tax legislation, uncertainty in the bargaining of the two parties, the dollar faces the possibility of a retreat as it approaches the weekend, says Koh Haruki, head of the financial solutions group at CIBC World Markets (Japan) Inc. in Tokyo. Tax reform …

Societe Generale buys euro against yen

Analysts at Societe Generale continue to adhere to the long-term bullish outlook for the euro / yen, noting that a 10% increase in the cross would return it in real terms to the 2007 and 2014 levels. “The yield differential steadily declines in favor of the euro, and this trend will persist until the Bank …

In Spain, the crisis, but the euro will be fine

The risks for the euro, associated with the referendum in Catalonia, will be limited, analysts say. Riots in a referendum in the Spanish province forced investors to worry about the increased political risks in the euro area, which could increase pressure on the country’s debt. However, most strategists are confident that the impact of these …