Gold with a four-month high, after the appreciation of the euro

The price of gold rose to a new nearly four-month high after a more aggressive tone from the ECB sent the euro up strongly against the US dollar.
The stronger euro and, hence, the weakness of the US dollar, triggered increases in gold and other precious metals. Gold traded at levels above $1,320 on Thursday, and platinum rose to levels above $980.
The only loser in the situation was silver, which fell to levels below $17 an ounce. In fact, this change makes the ratio of gold to silver rising to 78 or well above the average in the historical sense.
The spot price of gold rose 0.3 percent to $1,321 per ounce after reaching a peak of $1,326.56 per ounce or its highest level since September 15.
Gold rose by more than 80 dollars from its bottom in mid-December, helped by the promising dollar. However, according to analysts from Saxo Bank, the price of the precious metal will face significant difficulties ahead of its potential further appreciation.

A parody crypto currency reached $2 billion market capitalisation

Dogecoin, a parody crypto currency named after a popular Internet meme, reached capitalization of over $2 billion on Sunday.
Behind the rise of this crypto currency, it was basically the notion that it was cheap compared to the bitcoin, says Dave Chapman from Octagon Strategy.
One of the founders of the crypto currency, told the media that the rise in the tokens makes him worry to some extent by a over reaction on the market.
The new crypto currency reached the next psychological boundary after it reached for the first time a market capitalization of $1 billion on Christmas. The digital currency is traded at a level of 0.018773 dollars, giving it a market capitalization of 2.12 billion dollars.
This is nearly 69% more than its market capitalization on Friday of last week during the Asian trade.
Just last month, the digital currency appreciated by 400%, momentarily reaching the highest value of 0.0107 at the end of last month.
To date, there are a total of 43 crypto currencies with a market capitalization of over $1 billion. The largest crypto currency is still the bitcoin, with a total of $264 billion.
The Dogecoin was created in 2013 with the idea of ​​allowing Internet users to easily and cheaply transfer funds from user to user.
There are several ways to get this crypto currency. Buying from stock exchanges, mining and even getting it as a tip.

SmartForecast by ActivTrades

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SmartForecast automatically calculates short- and long-term levels of resistance and support. This instrument is also an indicator of volatility levels and market trends (trends). However, it is especially important that SmartForecast gives you a scenario for price development with three goals that change in real-time.
"Market Strength" - measures the current market volatility compared to the average market volatility.
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The dollar with the fifth consecutive daily decline

The dollar fell on the first full day of the new year 2018. The US dollar index hit its fifth consecutive day-to-day drop, reaching nearly a three-month minimum. Traders are trying to predict what the Fed's interest rate policy will be in the new year.
Given that they sent the dollar down, investors are clearly not convinced that we will see three US interest rates hikes this year. Such an opinion can certainly be said to be the bond markets as well.
The dollar index lost 0.3 percent to 91.836 points or its lowest value since September. The index lost 9.9% of its value in the past year, experiencing its worst year since 2003.
The euro rose to 1.2060, versus 1,2006 late on Monday. Thus, the single currency is traded at levels unseen since September last year.

Oil with the highest value since June 2015

Oil has reached its highest level since mid-2015 yesterday, but has since retreated from its value after a recovery in Libya's lead pipeline supplies and data for a rise in US production to the highest value for four decades.
This was the first time since January of 2014, when both major types of oil - Brent and Crude, opened the year at levels above $60 a barrel. Aid for rising oil prices has sparked political tensions in Iran and the agreement between OPEC and Russia to restrict the production of raw materials.
US crude oil ended yesterday with a fall of 5 cents to 60.37 dollars a barrel or its highest level since June 2015.
The Brent lost 30 cents of its value, or close lower by 0.5 percent to a level of $67.29 a barrel. This was the highest level since May 2015.

GS: Cryptocurrencies and loans will overshadow US growth (2)

Goldman is not the only financial institution that warns of "red flags" in cryptocurrencies. JPMorgan Chase & Co. executive Director, Jamie Diamond, has already described the bitcoin as a "scam". He said the bitcoin is a "highly speculative asset".
The bitcoin was determined by Japanese central bank chief Haruhiko Kuroda as a speculative tool.
Positive impacts are expected to be in the direction of initial housing, which will continue to have a good impact on the labor market.
The growth in pay for US workers is expected to accelerate and lead to an increase in inflation. The latter is expected to rise from its current levels to 1.5% and to reach 2% target from the Fed.
Markets are expected to start betting for more rapid interest rates next year, GS said. At the moment, two interest rates are pledged, but over time, market participants can expect to see three. And the Fed can surprise them with even more aggressive actions.

GS: Cryptocurrencies and loans will overshadow US growth (1)

Financial imbalances, including those in cryptocurrencies and credit markets, are expected to overshadow the growth of the world's leading economy, Goldman Sachs Group Inc. analysts said.
The bank is also expecting four Fed interest rises in the next year and an acceleration in the US economy to 2.6%. The unemployment rate in the world's largest economy is expected to drop to 3.5%.
However, the financial institution does not expect everything to go smoothly. According to them, estimates of some assets, especially loans, have reached a high level, historically. And as long as we do not see credit rises to levels that would disturb the Fed, there are signs of speculative behavior in credit instruments as well as the cryptocurrencies boom.