April 18, 2017 (Tuesday) Bitcoin FX, FX deal report
Good work on daily deals everyone.
How have the deal results been?
The North Korea issue remains carried over, but isn’t it a relief that there is no armed conflict?
Today Prime Minister May said she would hold a general election in the House of Commons because opposition parties were against Brexit, causing sterling to surge, and the old mobile phone traders took the opportunity to sell more pounds for pounds per rupee.
Other trades included the routine: onyen-dollar yen mid-rate trades, buying and selling, buying and settling Bitcoin yen, nibbling at profits and re-establishing positions.
Bitcoin rose today, and I was receiving guidance from my crypto master on the inverse correlation with altcoins, mainly Ethereum and Dash, and others.
Tomorrow, South Africa's consumer price index will be released. The rand is recovering against the dollar and the rand-yen pair, but upside remains heavy, so I’d like to see with tomorrow’s indicators in which direction it moves.
The Turkish lira also seemed to briefly spike under President Erdoğan’s de facto dictatorial regime, but due to possible irregularities in the vote, it remains in a low flight as always?
Let’s continue to face the market with caution while enjoying ourselves and making deals.
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