Digital Cash Investment Centre

03/01/2019

Happy New Year to all our customers

22/12/2018

Get Ready to welcome ITGCoin the first fully gold backed crypto assets in 2019

22/12/2018

Trading in commodities is becoming very lucrative but needs a lot of education

08/12/2018

Gold Prices Top 4-Month High as Dollar Continues to Slide

Gold prices rose to nearly a five-month high on Tuesday as a continuing decline in the dollar boosted foreign demand for the precious metal, while investors shift attention to the next Federal Reserve policy meeting.

At 9:49 AM ET (14:49 GMT), gold futures for February delivery on the Comex division of the New York Mercantile Exchange gained $6.20, or 0.50%, to $1,245.50 a troy ounce, after touching $1,247.40 earlier, its highest level since July 11.

Meanwhile, the U.S. U.S. dollar index, which tracks the greenback against a basket of six major currencies, was down 0.36% to 96.623.
Weakness in the American currency increases the appeal of dollar-denominated gold as it becomes more affordable for holders of foreign currencies.

The dollar index rose to the highest levels of the year in early November, supported by a robust U.S. economy and a relatively hawkish Fed, which forecast moving ahead with gradual rate hikes.

But as the Dec. 18-19 monetary policy just over the horizon, the greenback came under pressure last week when the market took comments from Fed Chairman Jerome Powell as signaling a slower pace of rate hikes.

That more dovish tone led markets to question how many times the central bank will hike rates in 2019.

"Given data remains strong, we think the Fed will hike twice in 2019 and that's more than what the market is pricing in right now ... we remain moderately bullish on the dollar," said Nick Twidale, chief operating officer at Rakuten Securities.

Although the Fed’s economic projections pointed to a total of three rate increases next year, policymakers will update the dot-plot that shows their outlook for interest rates at the upcoming meeting.

A slower-than-expected pace of interest rate increases would lessen the pressure on non-yielding bullion.

Powell was scheduled to appear before Congress's Joint Economic Committee on Wednesday, but the testimony was postponed after U.S. President Donald Trump declared a national day of mourning following the death of President George H.W. Bush. The testimony had yet to be rescheduled.

In other metals trading, silver futures advanced 1.30% at $14.688 a troy ounce 9:50 AM ET (14:50 GMT).

Palladium futures gained 0.73% to $1,174.10 an ounce, while sister metal platinum fell 0.93% at $803.15.

In base metals, copper traded down 0.52% to $2.795 a pound.

08/12/2018

Gold Prices Pull Back from Near 5-Month High Ahead of Fed Beige Book

Gold prices pulled back from near a 5-month high in holiday-thinned trade on Wednesday with investors looking ahead to the Federal Reserve’s Beige Book for further indications on the health of the U.S. economy.

At 8:10 AM ET (13:10 GMT), gold futures for February delivery on the Comex division of the New York Mercantile Exchange fell $3.75, or 0.30%, to $1,242.85 a troy ounce, after touching $1,247.50 a day earlier, its highest level since July 2018.

Although U.S. financial markets are closed in honor of former President George H.W. Bush's funeral, the Federal Reserve will still release its Beige Book at 2:00 PM ET (19:00 GMT) which will give insight into the current economic conditions of the 12 Fed districts.

An upbeat reading could help put the brakes on the recent downward trend seen in the dollar, which has buoyed gold prices of late. Weakness in the American currency increases the appeal of dollar-denominated gold as it becomes more affordable for holders of foreign currencies.

The dollar index rose to the highest levels of the year in early November, supported by a robust U.S. economy and a relatively hawkish Fed, which forecast moving ahead with gradual rate hikes.

But as the Dec. 18-19 monetary policy looms just over the horizon, the greenback came under pressure last week when the market took comments from Fed chairman Jerome Powell as signaling a slower pace of rate hikes.

That more dovish tone led markets to question how many times the central bank will hike rates in 2019. Markets still expect the Fed to move forward with a quarter-point hike this month, but have interpreted cautious remarks from policymakers to mean that further tightening in 2019 will have to be reevaluated on economic and inflation data.

In other metals trading, silver futures dropped 0.49% at $14.568 a troy ounce 8:13 AM ET (13:13 GMT).

Palladium futures gained 0.95% to $1,191.40 an ounce, while sister metal platinum fell 0.61% at $799.30.

In base metals, copper edged forward 0.14% to $2.763 a pound.

07/12/2018

Litecoin (LTC) Sees 60% of Supply Moved in One Go

Based on network statistics, Litecoin (LTC) saw an anomalous transaction of around 36 million coins, or $1.16 billion. While it is likely the result of moving coins from exchange wallets, some see the regrouping as preparation for more active times to come.

Traders have also noticed a significant movement of coins:

It is possible that some of the LTC are sent to exchanges, which usually hold the largest wallets. The wallet ecosystem and observed addresses are a source of panic for investors interested in crypto assets. Even though no single wallet for LTC holds more than 1.56% of the supply, a tweet from Weiss Ratings suggests a single source of the large...

01/12/2018

Bitcoin ETF Seekers Cite Precedent in SEC Presentation on Monday

Members of VanEck, SolidX and the Cboe BZX Exchange met with U.S. Securities and Exchange Commission (SEC) staff earlier this week to present a new argument on why the bitcoin market is ready for an exchange-traded fund (ETF).

In the latest push to convince the regulator to approve a rule change which would open the door for the country's first bitcoin ETF, the three firms met with the SEC's Division of Corporation Finance, Division of Trading and Markets, and Office of General Counsel.

Notably, Monday's effort differed from previous presentations, which took more of a regulatory focus.

01/12/2018

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$15001-$50000 6% extra

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Most importantly this reward can be used in 2 ways either you can add the reward in the existing investment or you can get the reward cash in your wallets

28/11/2018

Forex - Dollar at 2-Week Highs with Fed, Trade in Focus

The dollar was trading at two-week highs against a currency basket on Wednesday as markets awaited fresh signals from the Federal Reserve on interest rates and developments in the U.S.-China trade war remained in focus.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up 0.1% to 97.35 by 04:25 AM GMT (09:25 AM GMT), the most since Nov. 13.

Investors were looking ahead to a speech by Fed Chairman Jerome Powell later in the day and the minutes of the U.S. central bank’s November meeting, due to be released on Thursday. Markets are hoping for fresh indications on the future path of interest rate increases.

The Fed is widely expected to raise rates for a fourth time this year at its upcoming meeting in December and has indicated that it may raise rates three more time in 2019.

But dovish sounding comments by some policymakers in recent weeks have raised the prospect that the Fed may slow the pace of future rate hikes amid concerns over the outlook for the global economy and ongoing global trade tensions.

On Tuesday, U.S. President Donald Trump once again criticized Powell, whom he picked last year to lead the bank, and the Fed’s rate hikes, which he said were harming the economy.

Also Tuesday, Fed Vice Chair Richard Clarida backed further rate hikes, but said the tightening path would be data dependent.

Market watchers were also looking ahead to the upcoming G20 summit in Buenos Aires later this week, where Trump and his Chinese counterpart, Xi Jinping, are scheduled to discuss trade. Investors are hoping that talks could lead to a ceasefire in the trade war.

Trump said earlier this week that it was "highly unlikely" he would accept China's request to hold off a planned increase in tariffs due to take effect in January.

The dollar was holding steady at two-week highs against the yen, with USD/JPY at 113.79.

The euro was at two-week lows against the dollar, with EUR/USD changing hands at 1.1285.

The pound edged higher, with GBP/USD rising 0.13% to 1.2763. The Bank of England was to release it assessment of the UK’s Brexit withdrawal agreement later in the day, which was likely to contain warnings about a no-deal Brexit scenario.

28/11/2018

Gold Technical Analysis: Set-up points to an extension of the overnight bearish breakdown

The precious metal continued with its struggle to register any meaningful recovery and was seen oscillating in a narrow trading band, forming a rectangle on the 1-hourly chart.

• Given the overnight bearish breakthrough the $1220 important horizontal support, the rectangle would be categorized as a continuation pattern that marks a pause in the trend.

• Technical indicators on hourly charts have already recovered from oversold territory and retain their bearish bias on the daily chart, further reinforcing the near-term negative outlook.

• Traders now seemed to wait for a convincing break below 100-day SMA and the Fed Chair Jerome Powell's scheduled speech before place aggressive near-term bearish bets.

28/11/2018

Bitcoin is riasing

Crypto Prices Rally, With Bitcoin at a Four-Day High

Cryptocurrencies attempted to rally on Wednesday, with Bitcoin rising to a four-day high.

Bitcoin surged almost 10% to $4,95.20 on the Investing.com Index, as of 8:03 AM ET (13:03 GMT), after falling to a 14-month low of $3,688.00 on Sunday.

Virtual coins began falling in mid-November during a hard fork in Bitcoin cash, as investors feared it could drive down demand for the coin. Other analysts say a decline in crypto miners was the reason for the sudden selloff.

Cryptocurrencies overall were higher, with the total coin market capitalization at $131 billion at the time of writing, compared to $121 billion on Tuesday.

Ethereum, or Ether, increased 10% to $117.77 and Litecoin was at $33.716, up 10%, while Index jumped 9% to $0.38777.

Meanwhile, chances that the Security and Exchange Commission will approved a Bitcoin exchange-traded fund are becoming even more slim.

SEC Chairman Jay Clayton said at a conference that he is worried virtual currencies can be easily stolen and manipulated, Bloomberg reported.

“What investors expect is that the trading in that commodity that’s underlying the ETF is trading that makes sense, is free from the risk or significant risk of manipulation,” said Clayton. “Those kinds of safeguards don’t exist in many of the markets where digital currencies trade.”

The SEC rejected a number of requests from companies to list Bitcoin ETFs, but is reviewing their decision to deny two of them. The agency has expressed concern that cryptocurrencies are unregulated and have argued that some alternative coins fall under their jurisdiction. The regulator is planning to to issue additional guidance on when securities laws apply to digital coins.