Friday, September 22, 2017

Russia - a standard of economic weakness

If we look at the state of the Russian economy, it turns out that Russian power is quite fragile. Clearly the only thing that has to worry about the West is that the collapsing oligarchy in Russia does not cause a nuclear conflict. Nowadays, executives of Russian destruction orders, North Korea, use outdated Russian developments to gain recognition as a world power, however ridiculous it may seem, against the backdrop of their real state. The macroeconomic picture and the investment potential of the Russian economy are becoming more and more serious in the field of analysts and the media. Indeed, Russia has never been able to boast of a particular economy based on the production of other than natural resources. Among the main reasons are geopolitical interventions by President Putin and the deep collapse of international oil prices. In 2015, Russia's GDP declined by 3.7%, and the IMF forecast for 2016 is for a further decline of 1%. A return to economic growth is not expected until 2018, but this is unlikely. Such forecasts show that the current crisis has a more structural dimension than the 2008 oil crisis and the 1998 public finances crisis in Russia In both cases, the recovery started after only one year or at most two.

The Russian economy is initially weak

It is important to know that whatever Russia claims, the economy is over six times weaker than the US economy. At present, even South Korea has a stronger economy than Russia. The only economic boom that has experienced Russia in recent years is the leap in oil prices over $ 100 a barrel, which has not happened for a long time. The economy of Russia depends on 70% of the price of oil, which is now also detrimental to it. To the mime, the "black days" fund that the Kremlin formed in 2000 is exhausted and things for Russia become too dangerous.

Oil - the leaking blood of the Russian economy

It is no secret that the Russian budget is largely dependent on government revenues from oil and gas products. It is not surprising that the sharp impact of the oil price collapse on the budget and on the development of the entire Russian economy. Revenues from the sale of oil and gas products account for nearly 50% of the country's budget over the past 10 years. This revenue also accounts for 70% of total export revenue and 25% of total GDP. The continuing dependence on exports of energy commodities is evidence of the failure of President Vladimir Putin's attempts to diversify the Russian economy - intentions he declared 15 years ago. In April 2001, ahead of the Russian Duma, Putin sharply criticized the fact that the Russian economy was heavily dependent on oil revenues and said the main task ahead was a massive diversification policy. To date, there is no change in this direction. An apparent manifestation of Russia's large economic dependence on oil revenues is the logical collapse of the Russian ruble. The strong positive correlation between the price of oil futures, Brent varieties with delivery on March 16 and the ruble spot versus the dollar is evident in the first chart. Russian money reached a record depreciation on January 21, when it touched 86 rubles per dollar.

The high cost of geopolitics

The shifts in the geopolitical chessboard also had their reflection. The Russian currency collapsed almost twice since the Crimea's annexation in March 2014 and the subsequent US and EU sanctions to date. Devaluation of the ruble resulted in a 13-year peak in inflation in the country to 16.9% in March 2015. By comparison, in April 2012, inflation was at 3.60 per cent. In the years following the annexation of the Crimea and the start of the war in Ukraine, the number of people living below the poverty line reached 23 million people. The meltdown of foreign exchange reserves is also a logical consequence of the outflow of capital from Russia and the worsening of the overall macro picture in the country. The government and the central bank tried to stop the galloping depreciation of the ruble, but as is often the case, the effect of the interventions has turned out to be a reverse sign. One example was the intervention by the central bank on December 16, 2014, when the ruble to the dollar went up to 80 rubles per dollar. Then the governor of the Russian central bank Elvira Nabiluna decided to raise the interest rate by the remarkable 6 percentage points. The effect of melting foreign exchange reserves is clearly visible in the second chart. In 2014, Russian currency reserves melted by $ 150 billion. On January 21, 2016, at the last bottom of the ruble, Nabiulina silenced the financial audience, saying the bank would not react to this collapse, as it did in mid-December, because the ruble was close to its "fundamental levels" . The statement comes at a rate of nearly 82 rubles per dollar. A strange and dangerous strategy to soothe the market. Whether Russia is beginning to ripen the idea of ​​printing rubles is difficult to assume in response to the crisis. One thing is certain: if this happens, the purchasing power of Russian households and firms may be even more endangered. Even so far, the budget problems and the highly depreciating ruble have led to a decline in wage levels and a decline in consumer demand.
The strong depreciation of the Russian ruble hit mainly Russian citizens who are increasingly struggling to maintain their current consumption levels. The economic phenomenon of stagflation is already a fact of Russian land. We are experiencing both a decline in aggregate production and a rise in prices. Of course, we make the statement that the third main indicator in the stagflation grip, high unemployment, is relatively low for now. However, in view of the decline in the last few months of the working Russian population, the outlook for the labor market does not look positive.
Future threats
One of the main dangers to Russia's fiscal stability is the premise that budget deficits become chronic and thus increase the debt burden of the state. The originally planned 2016 budget is based on average prices of $ 50 a barrel (just under 30 at the moment), so the potential for the deficit this year to exceed the 3 percent of GDP previously is very high. Analysts from the RBC predicted that if oil prices dropped to $ 24 a barrel, then the budget deficit could swell to 7.5 percent of GDP.
It is noteworthy that the cost of military targets reaches record levels relative to general government spending in the context of the ongoing interventions of the Russian Army in Syria. This is an aggravating factor for the financial health of Russian public finances. We have seen similar actions and their subsequent effects less than two years ago. Following the escalation of the conflict in Ukraine and Putin's intervention, military spending has increased more than twice. Russia's average military costs for February, March and April 2014 amounted to 6.7% of GDP and 27.7% of total government spending.
Financing of deficit spending is a delicate issue in view of the relatively high interest rates on Russian debt in Russia and the indulgence of domestic agents for financing larger government securities issues. At present, public debt to GDP is about 14%, which is one of the lowest levels globally. The reasons for these low levels, however, lie in the indolence of foreign investors to buy Russian government securities. The prerequisites for such moods are the memories of the financial year 1998-1999, as well as the active role of Russia in the Ukrainian conflict in February 2014.
Evidence of the great likelihood of a serious budget deficit being inflated for the current 2016 is the Russian Finance Ministry's February 5th action. Financial authorities in the country have announced that they are probing the possibility of placing eurobonds on international markets. Russia's last foreign funding was in 2013, before the escalation of the conflict in Ukraine and the imposition of the first-stage sanctions by the EU and the US. Concerns about the slow exit of this situation are related to the objective assumptions that Putin has no vision and intention for structural reforms. The only rescue belts are the rise in international oil prices and the lifting of sanctions that have interrupted the access of key government-controlled companies (in the banking, energy and military industries) to international debt markets. These belts, however, do not seem to be close to Russia's outstretched hand. Reforms are needed to focus on more investment in technology production and the government loopholed around the door of private initiative. However, the complicated geopolitical situation poses too many risks to the Russian economy - pressure on the budget stemming from low oil prices and increased military engagements, the ruble loses its worth, and debt financing is limited. Against all this, the Russian economy does not seem ready for further exacerbation of the conflicts. The paradox is that precisely the steps that would help in the long run can quickly quench Putin's high rating in the eyes of Russian citizens.

Monday, September 4, 2017

Daily analysis of major currency pairs for September 4, 2017

European stocks closed with rallies for a third consecutive session on Friday, helped by the news that the European Central Bank will probably wait for December to unveil a plan to cut asset purchases.
The weaker-than-expected US job data also helped stimulate the positive mood of the stock markets as it reduced the likelihood that the Fed would raise interest rates again this year. Stoxx Europe 600 finished 0.6% up to a closing price of 376.14, recording 0.6% weekly growth. The European benchmark rose 0.8% on Thursday but still recorded a loss of 1.1% in August, marking a third consecutive month at a loss. On Friday, US stocks ended the week and the first trading day in September as profit as weaker-than-expected job rises could lower the Federal Reserve's desire to increase credit spending for 2017.
Dow Jones Industrial Average reported a 0.2% growth to 21,987.56, helped by General Electric Co., Chevron Corp. and Nike Inc., recording a weekly increase of 0.8%. The S & P 500 ended with a 0.2% rise, supported by the energy, commodities and finance sectors, registering a weekly 1.4% growth. Technological Nasdaq Composite Index rose 0.1% to a closing price of 6,435.33 points after briefly falling into negative territory. The index recorded a weekly profit of 2.7%, taking into account the biggest growth in December.
EUR / USD

The single currency recorded a decrease against the US dollar on Friday. The session started at 1.1909 and the euro bounced off the resistance at 1.1910. After a volatile session, the currency pair ended at 1.1864. If the pair continues to move down, we can expect a test at levels around 1.1735. On the upside, the euro will focus on the resistance at 1.1910.
Support: 1.1735; 1.1670;
Resistance: 1.1910; 1.2080;
GBP / USD
The British pound recorded a modest rise against the US dollar on Friday. The currency pair opened at 1.2928 and the pound added 26 pips. The chart continued to grow above the creeping averages, while the relative strength index remained neutral. If the upward direction persists, the pair will probably break the first resistance at 1.2980.
Support: 1.2840; 1.2780; 1.2700;
Resistance: 1.2980; 1.3100;
USD / CHF
On Friday, the US dollar recorded a volatile session against the Swiss franc. The currency pair opened at 0.9585 and finished 60 pips higher. Daytime extreme values ​​were reached at 0.9546 and 0.9652 respectively. If the bullish mood continues, there will probably be a breakthrough in the first resistance at 0.9700.
Support: 0.9555; 0.9450;
Resistance: 0.9700; 0.9760;
USD / JPY
The US dollar recorded a modest rise against the Japanese yen on Friday. The session started at 109.97 and finished 28 pips higher. The chart continued to grow above the creeping averages, while the relative strength index remained neutral. In the short term, positive moods prevail, with indicators going over their average lines.
Support: 108.80; 107.80;
Resistance: 110.20; 110.90;
* This material does not constitute a recommendation for the purchase / sale of securities.

Friday, September 1, 2017

Analysis of major currency pairs for September 1

European stock markets rose on Thursday thanks to better data on industrial production in China. On the other hand, some traders' shares have experienced difficulties after the French chain Carrefour SA warned of worse results. "Let's not be fooled. Tensions between Pyongyang and Washington still reflect the market, but as long as relations are in relative stagnation, bullying will continue to prevail. Now traders take advantage of lull and gain strength, but the momentum of the stock will hardly last long, "said David Madden, market analyst at CMC Markets. Stock exchanges in Europe have recently been defeated by the stronger euro, which hit nearly a 2-year high against the dollar and an eight-year high against the British pound. A strong euro should be a warning flag for the European Central Bank. Thus, it may terminate the asset buyout program, but this will happen at a slower pace. Anonymous sources told Reuters. 
According to Eurostat preliminary data, inflation in the Eurozone should have increased by 1.5 percent in August. US stocks advanced on Thursday and the main indices recorded fifth consecutive monthly growth. Meanwhile, the rally of the biotech companies has fired Nasdaq Composite at record levels. Earlier in the day, the better financial results of some companies raised the mood of Wall Street. According to a large number of analysts, the markets are still reflecting the positive performance of the business and the emerging economy over the past few months. The lower number of applications for unemployment benefit suggests that the labor market continues to recover. On the other hand, consumer spending, which is the most important engine of the economy, rose in July due to higher incomes due to the summer tourist season and low. The euro marked a volatile session against the dollar on Thursday. Eventually, the pair remained at the higher levels of the previous day. If the bullish moods continue to prevail, the resistance at 1.2102 will be tested soon. Trading started at a price of 1.1802, with the bearish trend leading. After the bottom of the day was hit at 1.1822 the direction changed and the final was put at a price of 1.1909.
Support: 1.1735; 1.1670;
Resistance: 1.2102;
GBP / USD

The pound recorded a second consecutive dynamic session against the dollar on Thursday. The pair is still close to the resistance at 1.2965 and if the British currency justifies the positive expectations, the key level will be overcome soon. Trading on Thursday was open at 1.2924, and the final was just 5 pips higher. The trend was volatile, as early as the bearish sentiment prevailed and the currencies hit bottom at 1.2852.
Support: 1.2769; 1.2722;
Resistance: 1.2989; 1.3030;
USD / CHF

The dollar lost positions against the Swiss franc on Thursday. The US currency broke the positive momentum of the past two days. The session started at a rate of 0.9632 and the final line was truncated 47 pips up. The trend was volatile, at first the bulls prevailed, and the pair made a resistance test at 0.9697, recording a peak at 0.9679. The dollar then collapsed.
Support: 0.9387;
Resistance: 0.9697; 0.9771;
USD / JPY

The dollar broke the two-day defeat against the yen on Thursday. The sessions were opened at a price of 110.23, at which time the bulls continued the positive trend. But around noon, the direction changed sharply, and the US currency lost the lead. So the bottom was hit at 109.87, and the final was 9 pips up. If the bearish sentiment remains, the currencies will test the support at 108.62.

Support: 108.61; 108.28;
Resistance: 110.94;

Thursday, August 31, 2017

These are the reasons that we have in the first issue of 2017-a

Exit or non-e-mail to a company that is responsible for the business of the company. And if you have 12 months to go to the next, the right thing to do in the future. Depending on what is due to the different types of reasons - the important social problem in the world, the translation of the policy paper and the publications of the official documents. It is also possible to use a 13% response time, which is at the bottom of the range of 1.20 per minute. The drop in domestic demand increased by 8.4%, to 6.6% in the corresponding period.
There are also the following policy and financial statements in the Clipboard below: 

Economic data

It is a good idea to take a look at this issue and to come up with this challenge. European Community (EK) is expected to have a high level of 1.7% for this and 1.8% for 2018 years. This is the cause of the episodes that have been reported in the public at any rate of up to 10 years. 
"There are many indicators that indicate that this is the petition of the peoples of the world," Kpic Williams, of the CNN Monnet, NCC, explains.

Political Cohesion Policy

The research team has been working on the field of public health in the field of research and development in the EC. Highlights of the survey are also the case of peoples. In the Netherlands and France, there is a need for policy makers to take a stand on the market. You will be asked to respond to a specific request.

What do you think?

The game will be supervised by two official users - the player and the co-driver. 
"The state-of-the-art application was launched in 2017," said the major analyst of FxRoo Ed Adeccan. There is a lack of direct political preferences in the United States and geopolitical languages ​​that have led to major problems being inadequate.  "The crappy blues, which will be BPIs and the geopolitical queries that Cepeda Kopeya will not have much to say about how to deal with the problem," he said.

Wednesday, August 30, 2017

The US rescues Russia

Moscow's propaganda today makes every effort to persuade its zombie victims that the main purpose of the US is the destruction of Russia ... Indeed, if it were not for the United States, Russia would probably not have it. In the Great Hunger in the Volcano, Russia from 1921-1922 ARA (American Support Fund) donates food for 78 miles. The dollar (almost 1 billion today) to the disaster. The aid saves 10 million fatalities. The program is co-ordinated by Fritzuf Nansen, the prominent Norwegian researcher who has been the supreme commissioner of the Russian aid program. The photo of two children with advanced malnutrition is his work from the beginning of 1922 and is used in pamphlets in the US and Europe to raise aid for the starving in Russia. The same American administration donated food to Russia and in 1891-1892 to the so- Program Famine Fleet, immortalized in the famous paintings of Ayvazovsky. In the picture Ivan Avivazski's picture: Distribution of the 1892 food. Later, during World War II, the program Lend Lease US supply of war against Germany USSR weapons, ammunition, food, medicines totaling nearly $ 11 billion at today's prices that are above $ 170 billions. This assistance includes 3770 bombers, 594 fighters 11, 5980 anti-aircraft guns, 2,000 locomotives, 51,000 jeeps, 361,000 trucks, 56,445 field phone 600 000 km. 22 million artillery shells, almost 1 billion shotgun cartridges, 15 million pairs of soldier boots, 3.5 million tons of food, and more. USSR pay 7% of the delivered, the rest is simplified. Without this help, hardly USSR would deal with the Nazis (which Moscow was an ally from August 1939 to June 1941 and divide Europe. In fact, the USSR supplied the Nazis with raw materials, while Germany fought and conquered Western Europe). Fourth, when the United States is helping Russia significantly with food, it is in the years since the collapse of the USSR. Since 1990, over a period of 20 years, the US has been donating food and medicines for Russia's 2.7 billion.

Tuesday, August 29, 2017

Tsipras expects a 2% growth in the Greek economy and a drop in unemployment

In the first quarter of 2018 a bank will be set up to finance small and medium-sized enterprises. Greece's economic growth will be close to 2% in 2017. Prime Minister Alexis Tsipras said on Tuesday, quoted by Reuters. His opinion is slightly above the revised government forecast.
Earlier, the government in Athens predicted that the Greek economy will grow 1.8% this year, re-examining previous growth expectations of 2.7%. "The projections that 2017 will end with a growth of nearly 2% will be confirmed," said Tsipras, adding that unemployment, which is currently 21.7%, should fall below 20% next year. The European state, which was hit hardest by the economic and debt crisis, in June completed a crucial review of its bailout program and in July for the first time in three years returned to bond markets. Greece's economic performance in this report is decisive as its third loan of EUR 86 billion is due to expire in 2018. A new state development bank, whose goal will be to finance small and medium-sized enterprises, will start work in the first quarter of 2018, the Greek Prime Minister said.


Mark Zuckerberg became father for the second time.

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan became parents again.
Their second daughter is named August (August). In the social network, Zuckerberg has written a letter to his child. In it he says that "childhood is magical" and that August should not "worry too much about the future." The letter continues with the promise that Zuckerberg and Chan will do everything in their power to "make sure the world is better for you and all the children of your generation." His words are backed by action as he and his wife have already taken an initiative in an attempt to tackle global health and education problems. Their goal is to help heal, prevent or control all human diseases by the end of the century. The letter is addressed to August but is also devoted to their first daughter, Max, born in 2015. From Facebook, it became clear that Zuckerberg would take two months of paternity leave. 

Switzerland introduces new tax rules

Switzerland changes its rules in tax legislation. Changes concern companies and individuals who have business relations with Switzerland.
The party amends the method of calculating the guarantee for taxable persons not having their domicile or place of residence in Switzerland. Until now, individuals have had to pay a guarantee of at least 5000 and a maximum of 250,000 Swiss francs when they entered the VAT register. It can be paid in cash or by issuing a bank guarantee in Switzerland. From 1 August this year the warranty will be calculated as follows: 3% of the expected taxable turnover in the country (excluding exports) and payment of a guarantee of at least 2000 and a maximum of CHF 250 000. From the beginning of next year, foreign companies will be required to pay VAT in Switzerland at an annual turnover of 100,000 Swiss francs worldwide, as part of it is made in the country. To date, the requirement was that the turnover of 100,000 Swiss francs would be realized only in Switzerland. From January 1, 2019, and all those who send from abroad to the Confederacy the so- Small consignments exempt from import duty will be required to pay VAT at the amount of at least 100 000 Swiss francs per year.

The dollar hit nearly 4-month low against the yen


The energy sector recorded the slightest performance after the news that Hurricane Hurray in the US has caused the closure of some major oil refineries and platforms. The US stock markets started the week with hesitant results, with investor attention focused on the effects of Hurricane Harvey, which has caused considerable damage to Houston and parts of Texas at weekends. As a result, shares of Wall Street oil refineries rose, and futures on gasoline with delivery in September rose by nearly 7%. The leading US indices closed close to opening levels, with only the technological NASDAQ progressing more significantly, adding 0.28% to its value. European markets ended the day mostly with declines, with a focus almost two and a half the annual peak reached by the single currency against the US dollar.
The energy sector recorded the slightest performance after the news that hurricane Harvey in the US has caused the closure of some major oil refineries and platforms. The London Stock Exchange remained closed yesterday due to the official holiday in the country. After another North Korean missile launched, the US dollar hit nearly 4-month low against the Japanese yen, reaching a level of 108.33 in the day. The news also exerted its influence on the price of gold, which reached a 9-month high in the face of geopolitical tension. At the end of the session, an ounce of precious metal was trading at a price of nearly $ 1,310. In commodity markets, merchants' attention was focused on tropical storms spilling over parts of the United States. As a result of several closed refineries, the price of US gasoline reached its highest levels since 2015 from $ 1.7799 per gallon. Light crude oil fell by more than 2%, ending the day at $ 46.80 a barrel.

Magellan Midstream Partners - Living Room


The company is engaged in the transportation, storage and distribution of petroleum products and the price and is located to levels of support around $ 65, which we expect to give the rebound for the new appreciation. We need to see a higher bottom of the price, while the Stoastic indicator is an upward crossing. This will show us the start of the upward movement, and a break in the 50-day trend line will confirm the trend reversal and the beginning of a longer-term appreciation of the stock.

energy sector - Daily


After the break above level 1.15, the currency pair confirmed its upward movement as the price reached a three-year high and was about to test the psychological level of 1.20. A momentum driven by a speech by ECB President Mario Draghi has led to an appreciation over the local maximum, which has further pushed prices to higher values. The MACD indicator shows the start of a new upward wave. Appropriate purchase levels are macro adjustments to test ascending trend lines and support levels.

XAU / USD - Daily


Uncertainty in financial markets is increasingly leading to investment in asset havens, such as gold. The appetite for a more reliable investment led to a breakthrough over the strong resistance at 1300 dollars per troy ounce, which facilitated the path to appreciation to $ 1400. The RSI indicator starts entering the overpriced market area, which in turn signals a pending correction. This may lead to a 1300 level test to confirm the breakthrough, which will enable us to enter a long position. Decreasing the precious metal below 1250 will show strong pressure from the market and will not yet be ready for a new appreciation.

NASDAQ - Living Room


The tech index is weakly volatile and can not absorb in a clear direction, as indicated by the values ​​of the ATR indicator that measures the power of market movements. We expect the ATR above 25 to see strong moves to draw the future direction of the index. The Nasdaq is currently backed by the 50-day average that acts as support, while a topline has a downward resistance line that, if broken, will make it easier to reach a new historical maximum of over 6,000 points.

North Korea fired a ballistic missile that flew over Japan

North Korea launched a ballistic missile that flew over Japan before dropping into the Pacific Ocean, the media reported. The rocket has flown nearly 3,000 kilometers at an altitude of about 550 kilometers. Japanese Prime Minister Shinzo Abe said this was "an unprecedented, serious and big threat," and called for an emergency meeting of the UN Security Council. The last time a North Korean missile flew over Japan in 2009.
Pyongyang then said it was a satellite. Even then, Washington, Seoul and Tokyo thought it was an intercontinental ballistic missile experience. Earlier, Japan had said it would remove any North Korean missile that threatened its territory. However, the Japanese armed forces did not attempt to remove the last missile, FOCUS said. Defense Minister Icuniory Onondera said that according to the Japanese generals, "there was no risk" for the country. We recall that a Pyongyian regime twice tested ballistic missiles a month ago, triggering a sharp verbal collision with the United States

Sunday, August 27, 2017

Bitcoin - bubble or ideology

Bitcoin passed the $ 4,000 mark during yesterday's trade (Aug. 13, 2017), but that could not be news. For the next week or even tomorrow, the price of the crypto-wave can now be over $ 6,000.
Investors are excited, economists are watching the situation, business is already introducing blocks and technologies based on blockchain. As these lines were written, Bitcoin night achieved its new highest value in its short but stormy story. During today's trade, Bitcoin cock reached a level of $ 4,225.40, which is the new peak, according to CoinDesk. The total market capitalization of the most popular cryptoLight is 70 billion dollars. The number of Bithoin in circulation or, in other words, Bitcoin mining amounts to 16,505,075, according to CoinMarketCap. All this, amid the fact that the maximum volume of battleships or those that can be dug is fixed at 21,000. The financial world is divided - some support the block infrastructure, such as those who trade in virtual assets and invest in such technologies, and others rightly point out that, as far as virtual currencies are concerned, the situation meets the definition of "bubble". The cost of Bitcoin Knight has multiplied by 7 in the last 12 months, rising from $ 600 to over $ 4,000 over the past 12 months. Or approximately 600% on an annual basis.
Writing for a Bitcoin is a bit strange, because, due to its volatility, in 5 minutes the exported data may not be up to date. Let us then concentrate on the general picture. The situation is such that a battleship can achieve serious growth. Some even predict that after the last battleground is dug, the price of the crypto hit may reach $ 500,000. However, the extreme volatility of the virtual currency may cause sharp falls in price literally in minutes. If this happens and the price does not bounce back to the heights, then it will not be unfair to conclude that the balloon has burst. Moreover, Battlecourse has already demonstrated this for some weakness, and for others - for strength. Depending on how you take advantage of the circumstances surrounding digital assets. But let's recall what happened about 4 years ago.
By the end of 2013, Bitcoincourse had reached an estimated $ 1,200 in a market capitalization of nearly $ 14 billion. The virtual currency jumped at a speed that made the financial world talk about it.
At the beginning of 2013, the cost of a battleship was about $ 100. On May 3, 2013, for example, Battlecamp is traded at $ 83.02 for a total market capitalization of less than $ 1 billion ($ 992) million, according to CoinMarketCap. But in mid-November, Bitcoin core began to reach prices of $ 200. With only one mild correction, in less than a month erupted to 1155.05 dollars and a total market capitalization of nearly $ 14 billion. All this to meet the new year at a level of about $ 750, and a few months later flirting with an even lower price in the range of $ 400-600, dropping finally below $ 500 in mid-August 2014.
It took about two years to fly over $ 500, and at certain times he went on and at levels of about $ 200. So at the end of 2016, what we are seeing today is happening. Just this year, Bitcoin camp probed $ 2,000 and $ 3,000 and $ 4,000 in a row, and that could only be the beginning. The situation in 2013 was quite different from the one in 2017. Perhaps because of the then boom in digital asset trading, a number of developers and well-established companies have turned their attention to crypto-clay. Countries that legalized digital money as an official payment instrument began to appear one after the other.
Nowadays, block technology is now considered the "new internet" and a starting point for the future of business, and an investment in digital assets such as Battlefield, Ether, Ripple, Bitcoin Cash, Litecoin) and others turns out to be quite lucrative. The total market for all virtual currencies is estimated at approximately $ 140 billion.
Virtual currencies have also created a new start-up financing system - ICO (Initial Coin Offering). Here, like IPO (Initial Public Offering), companies can offer investors a new token, crypto, or something like a voucher for a block-based service. New and new block designs are emerging on the horizon, each of which offers investors a different new crypto-shape. ICO even use businesses where a real block is only part of their model but not a core business. Something like making a limited supply of primary cheaper betting chips in an online portal, the cost of which depends in real time on the success of the betting site itself.
Apart from talking about raising funds in a completely unregulated market, everything is literally in minutes. There are already examples of ICO emissions that have raised $ 25 million in a 15-minute period.
The most significant amount raised through ICO was recorded in July this year, when anonymous to date company Tezos managed to raise $ 232 million in battle and ether.
Things are so real that the Swiss bank Falcon has been providing digital asset management services to its customers for a month. That is, virtual currencies are already present even in the Swiss banking system. When talking about block technology out of the context of virtual currencies, the situation looks promising in a different way. Technology companies such as Cisco integrate block based systems. The financial institutions Unicredit, Deutsche Bank, HSBC, KBC, Natixis, Rabobank and Societe Generale also form a block payment infrastructure for companies with conventional national currencies. Even one of the 12 US Federal Reserve Bankers said in the middle of this year that block technology may have greater potential than virtual currencies.And how much this comes to support the new ecosystem built around digital assets, it also questions the future of the virtual currency itself. The real value behind the cost of a battlefield is the efficiency of the infrastructure behind it. Bloccene technology is now multiplied into all sorts of clones applied to a variety of activities that could exist without cryptoLight, especially in the context of a private business such as banking services.
The cost of the BitcoinKey is built entirely on the trust of consumers and investors. The more you trade and make payments with it, the higher the value will reach. All of this may collapse as the value of virtual currencies is built on something that has no measure of inferiority or a conventional precautionary measure. It has confidence that creates value on its own. Desire, through peer-to-peer connectivity, ordinary people are independent of any regulation - protectionist or not. At least, this idealistic lay at the foundation of the Battle Eyesystem in the days of its birth.
Still, against the backdrop of the fact that block is the big innovation, virtual currencies are starting to look more and more like a natural pyramid. It's as if everyone knows this is a balloon, but they do not want him to stop inflating because everyone wins something concealed behind peer-to-peer ideology. Too unsustainable, some say. That is why the question "when," instead of "how," comes up on the agenda. Not how much a horse will cost, and when the bubble bursts. We have contributed a number of factors to such circumstances. The predictions that the Battlecamp will rise to $ 500K will not be enough. Bitcoin will reach the limit of your feed. More and more countries will be tightening rules around digital assets, as is already happening in the US. In the States there are investigations and revisions from official authorities to virtual currency businesses. As a result of this pressure, Bitfinex's third-largest world-wide stock-market, stops serving its US customers, the stock exchange announced late last week via its official website.
Additionally, in the world of digital assets something revolutionary happened - a code was added to the original software of the block technology behind the world's most expensive crypto-globe. The official reason is the speeding up of transactions due to the huge system load, while the unofficial might sound and more transactions = more profits. However, this is a soft approach. A separate group of representatives of the Battlefield ecosystem stood behind a brand new block and its new adjoining cryptolite - Bitcoin Cash. And again the official reason is faster and more efficient payments. So all the Bitcoincats have automatically received their bets on the worldwide stock exchange BitcoinKeys Cash, the number of bits on the bills. As a result of the events called "split-of-two" or "soft fork" and "hard fork" by Western media, one of the biggest battlegrounds in the world, Coinbase and GDAX announced a boycott of Bitkine Cash. Users will be free to download the newly acquired BitcoinCash from their accounts as of 1.01.2018. And notice - just to download it, but not to trade it on the appropriate platforms. As a result, the price of the new cryptographic dropped from nearly $ 800 to about $ 320. So we are already witnessing a divide in the world of digital assets. A division, against the backdrop of the ideal of freedom from national regulations, is a good reason to undermine confidence. In a world of more and more intrusive automation, a block can have tremendous influence through the ability to automate processes related to short-term decisions. And this is already happening in areas such as finance, healthcare, public services, and so on.
The ecosystem based on virtual currencies and the technology behind them is actually unpredictable. This is due to the lack of regulations and the uncertainty of their possible introduction. However, pricing records that harvest a battlefield clearly indicate that at least for now the virtual currencies continue to be the phenomenon that distributes serious conditions among people who have not had such opportunities so far. Times are interesting, which is not necessarily a good sign for investors in digital assets. Of course, in the end, it all depends on which side of the virtual coin you will end up with.

Saturday, August 26, 2017

Shake the Russian monopoly

The process of separating Europe from the Russian gas monopoly is in full swing. Lithuania has become another European country that has begun buying LNG from a US supplier after Poland and the countries of southern Europe have done so. Russian monopolists are placed in a position of direct competition. Lithuanian Lietuvos Duju Tiekimas (LDT) has signed a contract with a US subsidiary, Cheniere Energy, to supply LNG directly from the state, Reuters reported, citing information from the Lithuanian state gas company. 
The agency says that the Baltic state for the first time buys directly American liquefied methane. The first quantities are expected to be delivered in the second half of August. With this deal, Lithuania is counting on a real diversification of natural gas supplies and a reduction in import dependency by the Russian gas monopoly Gazprom. According to the Lithuanian Ministry of Energy, the first tanker has already arrived at Klaipeda harbor where a liquefaction terminal natural gas. According to the ministry, supplies of US natural gas will help boost competition. The tanker has supplied 140,000 m3 of natural gas to Lithuania, a second tanker expected in September. Supply of US blue fuels will also be available for Estonia, which is also building a terminal since June this year.
After the Americans signed contracts with the Baltic republics, Gazprom's price for them fell by 50%, the ministry said. Liquefied shale gas from the United States continues to hit Europe's energy market. After gaining serious customers in southern Europe, now a country from the northern part of the continent, Poland, began to buy gas, LNG World news reported. The contract for shale gas delivery to Poland was concluded in April this year. This is the first supply of US gas to a country in Eastern Europe where Gazprom holds 80% of the market. As it is known, Warsaw has announced that it is giving up Russian natural gas in 2022 when the contract with Gazprom expires. US companies have declared readiness to build LNG terminals if there is a long-term supply contract with the country.
Russia is in a situation to re-negotiate prices, for the first time in history the monopoly has been effectively challenged. Additional headaches of Russian oligarchs are building a pipeline from Azerbaijan. Turkey and Azerbaijan are building a new 10 billion-dollar natural gas pipeline to supply blue-and-green gas from the Central Asian country to Turkey and subsequently to European Union (EU) consumers. The 1850 km long pipeline, known as the Trans-Anatolian Gas Pipeline (TANAP), should be completed in 2018 and aims to connect to the existing South Caucasus tube linking Turkey to Azerbaijan gas fields in Caspian Sea.

Russian atrocities in World War II

"The story, or more accurately, the story that is being presented to us looks like a clogged toilet - you run the water, wash it, and the dirt nevertheless emits to the surface."
The theme of the Germans' allegations through the VWB has been much debated over the years. Somehow, in the background, there are some terrifying events. What Soviet soldiers have done has no analogue in modern history. The war allows the nasty Russian vinias (the overwhelming majority of the Russian army) to release their madness at will. In the eyes of the world, the Russians demonstrate how low the Russian man has fallen.
After more than half a century of silence in Germany, there was a woman who dared to break the taboos imposed on the mass rape of German women by Soviet soldiers. Gabriele Koepp's book "Why Should I Be a Girl?" Is the first written proof in which the author does not conceal his real name. The total number of victims of sexual abuse is at least 2.5 million in Berlin alone. Ms. Koepp broke the silence of all the victims, most of the remembrance of the horrors of Russian atrocities in 1945 persecuted them all their lives.
 
The first weeks after the capture of Berlin are just terrible. Every German woman was afraid to hear from her Russian "liberator": "Frau, com!" The cruelties reach such proportions that even the Roman Catholic Church believes that it must give up the ban on abortion.
At that time, 5 million Soviet soldiers were quartered in the German capital and its surroundings. According to experts, each woman was raped on an average of 10-12 times. The age of the victims is between 8 and 90 years. Many of them were raped to death. Russian soldiers have found a way to satisfy their misguided drive, as this was the violence. This has happened not only in Germany. Along the way, every nation understood what the Russian man really was. The arrests that Russian soldiers have done to each other (currently happening in Russian barracks) are now being poured on the heads of normal, innocent and unprotected people.
Even now, 80-year-old Ms. Koepp, who in 1945 was only 15, can not sleep without nightmares. She writes in her novel: "I can not feel anything else. For me, sexuality has become synonymous with violence. "
In an interview with Der Spiegel, Gabrielle tells her that her mother and her mother are fleeing on January 25, 1945, when the Red Army approaches. Ms. Koepp's family then lived in Schneidemuhl (now a Polish town in Pomerania). During the evacuation, Gabriela and her sister separated from her mother and boarded a freight train for Berlin. The composition was shot by Russian artillery. As the freight wagon door was locked, Gabrielle climbed to the window and ran out. Her sister stayed inside, and Gabby never saw her again. The next day, the girl was found by Soviet soldiers while they dug into the houses of the nearby village in search of prey. She was raped twice this day, and twice more the following morning. After that, she managed to hide under a table in a room full of refugees. Then Soviet soldiers re-enter the house. Old German women who want to save themselves from their violence pass on to Gabriele. After two weeks of sexual slavery, Koepe managed to escape. Meanwhile, the current government of Russia and a large section of society firmly denies the fact that the Soviet army has overwhelmed the German civilians. Koepe, who was only 15 years old then wrote, "I was almost a child. Writing this book was not easy, but I had no choice: if it was not me, then who else? "
The Russian soldiers, with a brilliant look at their leadership, do such grudges as no normal man would have done. Elderly and children raped to death. Murders of innocents every day in a particularly cruel way. No German soldier has done such terrible things as any Soviet has done.
In October 1944, the Soviet army invaded eastern Prussia. Already at the border, the Russian soldier is waiting for him a huge poster:
«ВОТ ОНА, ПРОКЛЯТАЯ ГЕРМАНИЯ!»
For more insight, the poster was crowned with a large arrow pointing to the "non-assaulting" West. Just two years ago, the writer-writer The "D" comrade, Elai Erenburg, the friend of Stalin and Beria, wrote:
"... We understood: the Germans are not people! From where the word "German" is the most terrible curse for us. From now on, the very word "German" empties our weapons. We wont talk. We will not be indignant. We will kill. If you have not killed at least one German for the day, your day is broken. If you think that the German will kill your neighbor instead of you, you have not understood anything. If you do not kill the German, he will kill you. He will capture your family will torment him and take him to his deplorable Germany. If you can not kill the German with a bullet, kill him with a bayonet. If there is a lull on your stretch, if you wait for a fight, try to kill the German before the battle. If you leave the German to live, he will hang a Russian man or rape a Russian woman. If you killed a German, kill a second, there is nothing more merry about the German carcasses. Do not count the days! Do not count miles! Number one: the Germans killed by you. WAY NEMECA! - this is what the elderly woman asks. Kill the German! - the children are praying. Kill the German! - that screams the ground. Do not hesitate! Do not miss! Kill! ... "and the Russians in Germany follow Eileen Erengburg's instructions - they kill the Germans and rape the women.
The British Field Marshal Montgomery, who calls for the behavior of the Red Army in the occupied German territory, in his memoirs calls the Russians "really wild Asians," and adds: "Their behavior, especially with regard to German women, provokes a revulsion in us. In some areas of the Russian zone there are practically no Germans. They all escaped under the pressure of the barbarians. "
According to the American General Keating, who was well aware of the situation in the Russian part of Berlin: "... the unrestrained actions of the Russian troops are similar to the actions of the Hinges Khan hordes." At the same time, George F. Kennan once again verbally Before the American specialist in international law, Alfred M. de Zacas, wrote in his memoirs: "... the councils have wiped out the local population from the face of the earth in a way that has no analogue since the time of the Asian hordes." The Russians in Germany show one. No one who found ground in them can produce anything normal.