If enough people believing in bitcoin and using it (buying/selling), it has value. Bitcoin is kinda similar to a social network, the more people using it the more valuable it gets.

One of Asia's largest banks says bitcoin is 'a ponzi scheme'

It's very similar to the American economy, it has low employment rate, but wages are not going up. Maybe there are more low paying jobs or part-time jobs.

Australia wages fail to lift as hoped, A$ takes it badly

Both sides will get hit if there is no deal! These politicians on both sides are playing with everyday people's livelihood, really sad!

Brexit no-deal could stop Aston Martin production

If the Fed continue to increase the interest rate, the auto industry will get another hit.

People have stopped paying their car loans, and it's a risk to a $200 billion market

If there is a hike in December, any future hike in 2018 will need justification of higher inflation in the economy.

Fed’s Yellen: It’s confusing with so many voices on the FOMC

EUR/USD is looking bullish, it has moved above the daily downward trend line around the 1.1750 area. I would be a buyer if price can move and stay above the 1.1870 area.

Euro Approaching Key Test

Very good point. In a free competitive world market place, companies will try to find the lowest cost of producing their products with acceptable quality level. Currently, those manufacturers are mostly located in Asia. However, in the future when ...

After my tour of Asia, all Countries dealing with us on TRADE know that the rules have...

Interesting choice (if true) for a Fed vice chair from the Trump administration. Mohamed El-Erian talked frequently about expecting interest rate hikes in the future, and reducing the Fed's balance sheet. He is probably a hawk.

White House considering nomination of Mohamed El-Erian for Federal Reserve vice chair

GBP/USD has been in a range since last month.

1.30 back in focus for GBP/USD

Known as the "Quantitative and Qualitative Monetary Easing with Yield Curve Control" framework for achieving 2.0% inflation.

Kuroda: Quantitative and Qualitative Monetary Easing and Economic Theory