Home > Sept 2017 > Sept 26, 2017 Asian Development Bank gave China an Upgrade and India a Downgrade

Sept 26, 2017 Asian Development Bank gave China an Upgrade and India a Downgrade

September 26th, 2017

Futures are flat tonight. Chinese Property Names are selling off after the curbs they did yesterday, which we talked about. Tonight, the Asian Development Bank raised it’s prediction for China’s Growth this year based on export recovery and growth in consumption of the Chinese, while it lowered India’s. The Asian Development Bank is a Asian Bank with 31 offices through out Asia . This gave the Shanghai Futures a need bounce up even with the Companies that use the stuff sank. Also, stocking up before the Oct Holiday is always a theme too. Oil is resting after the rally yesterday. So is Gold and the Yen (which is flat). For Cypto Currencies, Japan will also start watching them closer starting in October. Bitcoin is also a bit flat after a rally yesterday of 7%. Yellen speaks later, not sure what she will add from last week? President is still focused in on the NFL Teams, WHILE China’s President called Teresa May to focus in on North Korea. Abe finally called for SNAP Elections, but no day set yet.

Sept 2017

  • Trading_Nymph
  • Trading_Nymph

    from Japan Times on the Oct Review of Cypto Currencies…Virtual currency exchanges to be put under surveillance by FSA
    JIJI
    SEP 24, 2017
    ARTICLE HISTORY
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    The Financial Services Agency will put virtual currency exchanges operating in the country under full surveillance from October, officials have said.

    The FSA will monitor whether the exchanges for bitcoin and other digital currencies have appropriate internal systems, including ones to protect customer assets. If necessary, the agency will carry out on-site inspections.

    Virtual currencies have led to the creation of innovative services thanks to their low settlement and remittance costs, while they have been used in crimes such as fraud and money laundering.

    “We pursue both market fostering and regulation enforcement,” an FSA executive said. “We aim for sound market development.”

    Virtual currencies can be bought and sold on exchanges run by private companies. Pundits say there are more than 20 such exchanges in Japan.

    All digital currency exchanges operating in Japan are required to register with authorities by the end of September under the revised payment services law that went into effect in April.

    Last month, the FSA established a 30-strong surveillance team including agency and local finance bureau officials with relevant expertise.

    The team is checking whether virtual currency exchanges manage customer assets separately from their own assets and whether they have appropriate risk management measures, including how to respond to cyberattacks, in place.

    Among major virtual currencies, bitcoin has seen its price seesaw, soaring four to five times from the start of the year before taking a sharp downturn.

    Some companies have raised funds using such currencies in so-called initial coin offerings. But there have been cases in which the novel fundraising method was abused by fraudsters.

  • Trading_Nymph

    Yellen was a little outside of her normal “going to the airport super early to make sure she catches the plane” play it safe….from her speech “she said the Fed “should also be wary of moving too gradually.”

  • Trading_Nymph

    Tomorrow is Tax Cut coming out, rumors are that the lowest tax bracket will have a tax hike…with North Korea Problems, I really sort of think the Senate may be a lot more busy.

  • Trading_Nymph

    Bali is in fear of a Volano erruption, and now small islands in Vanuatu are fleeing http://www.aljazeera.com/news/2017/09/thousands-flee-vanuatu-volcano-verges-eruption-170926154316896.html IMHO a bit concern cuz October is the time that Earthquakes like to hit in California fwiw

  • southern4

    Good Morning, Girlzzzzz

    You guys should come over and visit on Algo. We miss you! :0

  • panther341

    stuff that didn’t sell in the garage sale was like a couple of glass vases, old copper jello molds which are good decorations to hang on the wall – but I guess nobody wanted them, a couple of plain glass cake plates, and a ceramic tea pot. So mostly breakable stuff. But that was ALL i had left! I sold a hand crank pasta maker with accessories and alot of other kitchen type stuff. A whole lot of cookie cutters I sold to some lady who makes soap – so they are now soap cutters.

    I just saw your birthday on my Outlook calendar! Market is squirrely today and as you said the other day – this week is usually weak.

  • panther341

    Hi southern! You know why I am not there! LOL

  • southern4

    Yeah, lots of bad stuff on the Alt blog..Ultra’s FTT. Peri told me to go look at what Trady posted about him and Ultra was calling me one of the ones from the Cuckoo’s nest. I shut it down! I’ll never go back. I have no clue what I did to him that he calls me crazy, a psycho etc.. It really hurts even though it shouldn’t. He’s been calling me names for over two , or three years. What a small man he is. He’s a fragile narcissist.

  • panther341

    I am so sorry to hear but am not surprised. Its just not worth the aggravation to me. but you are correct – it is about them and not about you or me or anyone else. beagle called my attention to a post that Ed made on the alt blog where he was bragging about being a misogynist – someone who hates women. He was talking to one of the other crazy guys over there. Life is too short to put up with that kind of crap that those peeps deal out on a regular basis.

  • panther341

    I have said I am the mean one over on TN’s blog!

  • panther341

    wow – small caps were strong today as was dollar.

  • southern4

    Oh I know what misogynist means lol They are all misogynists over there. I love that, “I am the mean one over on TN’s blog!” lol You know I love you, babe ;0 Thanks I need you today. :0

  • southern4

    PS bill smears my name over there too. He has been doing that for a while now. I never would have guessed bill was as nasty as he is. I found out about it a few weeks ago. Whatever, there’s nothing I can do about it.

  • panther341

    You have some good peeps over there too but it is hard to sort them out. Sorry about the hard time – because you don’t need it. None of us do – but given all that you have been through in the past few years, and especially in the past 1 year – I am just so proud of you for being back trading and blogging and putting up with all that ^&*((*&%!

  • panther341

    come over here any time and we will try to cheer you up! We’re not here every minute of every hour but we check in ….