Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 16 June 18:31 (GMT -05:00)

Foreign exchange market

Japan Will Include CBDC In Its Official Economic Plan

The Japanese government is planning to include the CBDC (Central Bank Digital Currency) in their official economic development plan. The information appeared 10 days after the Bank of Japan announced their plans to experiment with the digital yen in order to figure out what it is capable of in practice.
According to Nikkei, the CBDC will be included in Honebuto, which is the plan aimed at economic and fiscal revival of Japan. Apparently, this plan is a cornerstone of Japan's economic and fiscal policies at this point. The report also reads to Japan will consider the CBDC when coordinating their relations with other countries of the world.
Japan and CBDC
After China started testing the digital yuan, the Japanese government accelerated their efforts to get ready for their own CBDC. In March, Kozo Yamamoto, who used to work for the Japanese Ministry of Finance, urged the Japanese authorities to introduce the CBDC as soon as possible. He told that if Japan fails to introduce the digital yen, while the rest of the world is using other digital currencies, then the yen will be forgotten as a financial asset and will lose its sovereignty.
It is interesting to note that the Bank of Japan has changed their mind rater quickly. In June, they said they had no plans to emit the CBDC. Still, this month's reports indicates their willingness to start playing around with the digital yen for the sake of experimenting with it.
It's interesting to note that it's the Japanese government, not the Bank of Japan, who decides whether the CBDC will be introduced or not.
CBDC in the world
In February, the Bank of England, the ECB, the national banks of Japan, Canada, Switzerland, and Sweden announced their cooperation plan aimed at researching the problems related to digital currency emission. At the same time, the Bank of Lithuania is reported to be starting the beta testing of LBCOIN, Lithuania's CBDC. 
The Bank of Canada recently published an analytic note for the employees to let them know that the CBDC should resemble conventional money. In May, France tested the digital euro, which ended up with a success.
All in all, over 70% of the central banks participating in last year's survey are either planning to start working or already working on their own CBDCs.


You are free to discuss this article here:   forum for traders and investors


Add to blog
Got a question? – Ask it here »

VWAP Indicator. Usage Peculiarities.

In order to get a competitive edge over others and simplify the process of reaching the trading goals, many traders take advantage of a number of helper tools like trading strategies and indicators. Today, we are going to take a closer look at the indicator named Value-Weighted Average Price (VWAP). What are the benefits of using it and why do they recommend using it?

Publication date: 30 October 10:55 AM

Forex Consolidation. EUR/USD and GBP/USD

The stock market has been ambitious in its attempt to eliminate September's retracement and take the "blue wave" into account but the forex market has been more conservative recently in terms of restoring risky bets. However, when it comes to the stock market, each and every scenario out there eventually boils down to the smart money, which cannot but affect the international currency market. Still, there are many questions to be answered yet, which makes it really difficult to make more or less clear predictions.

Publication date: 12 October 10:58 PM

Tape Patterns Indicator

Traders often use various kinds of technical indicators these days. The list can be rather long, from popular ones like RIS, MACD etc. to less popular ones like Tape Patterns.
Publication date: 30 September 08:52 AM

Bitcoin's Getting Ready For a Strong Rally

While Bitcoin could have been more volatile over the recent weeks, the king of cryptocurrencies stoped in the range between 10K and 11K dollars per coin. Do BTC miners know in which way the coin is going in the near future?

Publication date: 30 September 04:07 AM

Bloomberg: Crypto Is Better Than Gold In 2020

According to the recent Bloomberg report, cryptocurrencies are way better than gold in terms of investments in 2020. Which is interesting, most cryptocurrencies have been growing much faster than gold this year. It's not a secret that gold is considered a safe-haven asset amid crises. Bloomberg Galaxy Crypto Index (BGCI) has gained 66% this year,while gold has gained only 20% over the same period.
Publication date: 29 September 01:07 PM

Gold Prices Drop Below $1860/oz, Seeing A Major Downtrend

On Thursday morning, the spot price of gold dropped roughly down to $1850/oz withing the scope of a strong downtrend started earlier this week, with a strong gap from the consolidation level. The key factors contributing to the price drop was the sudden strengthening of the U.S. Dollar.

Publication date: 25 September 07:39 AM

Texas Authorities Spot New Crypto Scams

The TSSB, which is the financial regulator of Texas, is reported to have revealed a couple of potential scams in the international market of cryptocurrencies. These are named Forex Birds and PEK Universe. From now on, both of these projects cannot work in Texas anymore. These projects were banned on September, 3rd.

Publication date: 18 September 01:07 PM

Cryptocurrencies On Sale: ChainLink and TRON Go Down, Bitcoin Is Stable

Wednesday's session is bringing a retracement in the market of digital assets, which is affecting the entire crypto market cap. Chainlink (LINK), TRON (TRX), and Tezos (XTZ) have been the biggest losers over the last 24 hours. They lost 9,7%, 8,7%, and 5,5% respectively. Bitcoins remains stable and one of the very few tokens among the top 20 that are still showing some gains, though modest ones.

Publication date: 16 September 12:04 PM

What's Next For Bitcoin?

Some analysts argue the future of Bitcoin, also known as the digital gold. Last week, the Winkelvoss brothers stated that the BTC price may skyrocket all the way up to 500.000 dollars per coin in the near future. This opinion is shared by Bloomberg analysts. But on the other hand, Bitcoin may see the opposite scenario, which is a major crash to make it as cheap as dirt.

Publication date: 10 September 03:00 AM

How To Get Ready For Bitcoin Boom 2020?

Cryptocurrencies keep on growing in value. If you are going to buy your first coins, this is what you should do first.
Publication date: 30 August 11:27 AM