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CAD/JPY trades a quarter of a percent lower in the 106.10s on Thursday, as the Canadian Dollar (CAD) weakens from a combination of falling Oil prices – crude is the country’s largest export – and expectations the Bank of Canada (BoC) will continue cutting interest rates after a 0.25% reduction at its September meeting.

CAD/JPY weakens for third straight day after BoC cuts interest rates, weakness in Oil

In January 2009, Bitcoin was launched as a decentralized cryptocurrency, originally detailed in a 2008 whitepaper by an individual or group under the pseudonym Satoshi Nakamoto. This peer-to-peer digital currency enables direct transactions between equal, independent participants without requiring intermediaries. Nakamoto designed Bitcoin to facilitate “online payments to be sent directly from one party to another without going through a financial institution.”

While earlier concepts for decentralized electronic currencies existed, Bitcoin is distinguished as the first cryptocurrency to achieve practical implementation.

Bitcoin is a kind of encrypted currency based on decentralization, adopting peer-to-peer network and consensus initiative, open source code, and blockchain as the underlying technology.

Bitcoin

BTCUSD

Ethereum, a decentralized open-source blockchain, features its native cryptocurrency, Ether (ETH). Serving as a platform for numerous other cryptocurrencies, it also facilitates the execution of decentralized smart contracts.

Initially described in a 2013 whitepaper by Vitalik Buterin, Ethereum secured funding through an online public crowd sale in summer 2014, raising $18.3 million in Bitcoin. The Initial Coin Offering (ICO) price for Ethereum was $0.311, with over 60 million Ether sold. Considering Ethereum’s current price, the investment has yielded an annualized return on investment (ROI) of over 270%, effectively quadrupling the initial investment annually since 2014.

The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since its inception, Ethereum has undergone several significant network updates: “Constantinople” on February 28, 2019, “Istanbul” on December 8, 2019, “Muir Glacier” on January 2, 2020, “Berlin” on April 14, 2021, and the “London” hard fork on August 5, 2021.

Ethereum aims to become a global platform for decentralized applications (dApps), enabling users worldwide to write and run software that is resistant to censorship, downtime, and fraud.

Ethereum is a decentralized open source public blockchain platform with smart contract functions. As of August 2021, Ethereum is the second-highest cryptocurrency by market value and is the most used blockchain.

Ethereum

ETHUSD

Gold is a precious metal that has been valued by human civilizations for thousands of years. It is widely used for jewelry, art, and coinage, as well as for industrial and medical purposes. Gold is also a popular financial asset that investors buy and sell to hedge against inflation, currency fluctuations, and market risks. One of the main features of gold as an investment is its scarcity and durability. It is highly malleable, ductile, and resistant to corrosion and tarnishing, making it a long-lasting and reliable asset. It has a distinctive yellow color and a high luster. It is also a good conductor of electricity and heat. Gold can be alloyed with other metals to create different colors and hardness. The purity of gold is measured in karats, with 24 karats being pure gold. Gold is believed to have formed in the cores of massive stars that exploded as supernovae, scattering gold and other heavy elements into space. Some of these elements were incorporated into the Earth when it formed about 4.5 billion years ago. Most of the gold on Earth sank to the core during the planet's formation, but some remained in the crust and mantle, where it can be mined today. According to the World Gold Council, the total amount of gold mined in human history is about 200,000 metric tons, which would fit into a cube with sides of 21 meters. In the economic market, gold has high liquidity, so anywhere in the world, gold is always used for simple, easy buying and selling transactions without worrying about the original value being lost. The development of technology makes buying and selling more convenient and faster than ever. The global market value of gold is determined by the supply and demand of the metal, as well as by the expectations and sentiments of market participants. The main gold trading hubs are London, New York, and Shanghai, where gold is traded over-the-counter (OTC) or on futures and options exchanges. Other gold markets include Tokyo, Zurich, Dubai, Hong Kong, Singapore, and Mumbai. The global gold market operates 24 hours a day, seven days a week. Gold has various applications in different industries and sectors. Besides jewelry, which accounts for about half of the global gold demand, gold is also used for electronics, dentistry, medicine, aerospace, and glassmaking. Gold is also a key component of many religious and cultural artifacts, as well as a symbol of status and wealth. Gold is also used for gilding and gold leaf, which are thin sheets of gold applied to various surfaces for decoration. Gold is an attractive investment option for many reasons. Gold is considered a safe-haven asset that can preserve its value, as well as a hedge against inflation and currency devaluation, as it tends to perform well during periods of economic and political uncertainty and crisis. Gold is also a diversifier that can reduce the overall risk and volatility of a portfolio, as it has a low or negative correlation with other asset classes, such as stocks and bonds. Gold is also a liquid and accessible asset that can be bought and sold easily through various channels, such as bullion, coins, ETFs, CFDs, futures, and options. As an investment option, gold offers many benefits and opportunities for investors of all types and levels.

Gold

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Silver is a chemical element with the symbol Ag and the atomic number 47. It is a soft, white, lustrous metal that has the highest electrical and thermal conductivity of any metal. Silver is used for various purposes, such as making jewelry, coins, electronics, and photography. Silver can form compounds with different oxidation states. Silver also forms alloys with other metals, such as copper, gold, and zinc. Silver has many applications in various fields, such as medicine, industry, art, and science. Silver has antibacterial properties, and is used in wound dressings, dental fillings, and water purification. Silver is also used as a catalyst, a coating, a solder, and a superconductor. Silver has a long history and cultural significance and is associated with purity, elegance, and wealth. Silver is considered a commodity that can be traded in the global market, and a potential investment option for those who seek to diversify their portfolio and hedge against inflation and uncertainty. Some of the common ways to invest in silver are by buying physical silver, such as coins, bars, or bullion; buying shares of silver mining companies or silver streaming companies; buying silver futures or options contracts. Silver is a scarce and valuable metal, with a high demand and a limited supply in the global market. It has a low correlation with other assets, such as stocks and bonds, which can reduce the overall risk and volatility of the portfolio. Besides, It has a high potential for growth and innovation, as it is used in various emerging and expanding sectors, such as renewable energy, biotechnology, and nanotechnology. It also has a high sensitivity to inflation and economic downturns, which can increase its appeal and attractiveness as a safe-haven asset. However silver has high competition and substitution, which can reduce its demand and value in the long term. For example, silver can be replaced by cheaper or more efficient metals, such as copper, aluminum, or platinum.

Silver

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AUD/USD

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Bitcoin Cash is a cryptocurrency that was created as a fork of the original Bitcoin blockchain in 2017. The fork occurred due to disagreements within the Bitcoin community over proposed changes to increase Bitcoin's block size, which would impact the network's scalability and transaction processing capabilities.

A group of Bitcoin developers, miners, and supporters who favored larger block sizes broke away to create Bitcoin Cash as a separate cryptocurrency. The key technical difference is that Bitcoin Cash has increased the block size limit from 1MB to 8MB, which allows it to process more transactions per second compared to Bitcoin.

When the Bitcoin Cash fork occurred, anyone who owned Bitcoin at the time automatically received an equal amount of the new Bitcoin Cash cryptocurrency. This essentially provided Bitcoin holders with a free airdrop of the new asset.

Since the split, Bitcoin Cash has been positioned as a more peer-to-peer, transaction-focused cryptocurrency compared to Bitcoin, which has increasingly been treated more as a digital store of value. Bitcoin Cash has faced ongoing debates and controversies within the cryptocurrency community regarding its legitimacy and direction.

Bitcoin Cash (BCH) is both a digital cryptocurrency and a payment network. Bitcoin Cash appeared in December 2017 as a result of Bitcoin's hard fork, with the goal of increasing the number of trades that can be processed.

Bitcoin Cash

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Cardano is a public blockchain platform that is open-source and decentralized. It uses a proof-of-stake consensus mechanism to facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. The project was launched in 2017 and was led by Ethereum co-founder Charles Hoskinson.

One of the key features of Cardano is its use of a proof-of-stake consensus mechanism called Ouroboros, which is more energy-efficient compared to the proof-of-work system used by Bitcoin. Cardano's modular design and layered architecture also allow for gretaer flexibility and scalability compared to other blockchain platforms.

The development of Cardano is guided by a research-driven approach, with the platform's design and features being informed by peer-reviewed academic papers. This focus on academic rigor sets Cardano apart from many other blockchain projects that have been developed more rapidly without the same level of scientific scrutiny.

In addition to its technical innovations, Cardano also has a strong focus on real-world use cases and problem-solving. The platform aims to provide solutions for issues such as financial inclusion, identity management, and supply chain tracking, among others. This focus on practical applications sets Cardano apart from some cryptocurrencies that are primarily speculative in nature.

The native cryptocurrency of the Cardano network is called ADA, which can be used for transactions, staking, and paying network fees. Cardano also has a strong emphasis on the education and training of its developer community, with the goal of building a sustainable and decentralized ecosystem around the platform.

Cardano is one of the biggest proof-of-stake blockchain projects that integrates the advantages of Bitcoin and Ethereum. ADA is Cardano's native token.

Cardano

ADAUSD

The MACD is positive and above its signal line.

Intraday: the upside prevails as long as 104.96 is support

Alternative scenario: the upside breakout of 106.75 would call for 110.68 and 113.02.

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105.161JPY

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CAD/JPY weakens for third straight day after BoC cuts interest rates, weakness in Oil

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