The theft of over $500 million in cryptocurrency from the Japanese stock exchange

One of the largest Japanese crypto stock exchanges, Coincheck said on Friday that about $535 million in NEM crypto coins were stolen from hackers. Exchange management said it had kept the coins in a virtual portfolio.
The stolen coins were worth about 58 billion yen.
Hackers have stolen less popular cryptocurrency from the main Japanese exchange, worth hundreds of millions of dollars on Friday.
Nearly 523 million NEM coins were transferred to another account at around 3 am local time, according to data from the Japanese stock exchange. Coincheck accounts for around 6% of the yen cryptocurrencies trade, ranking fourth.
The NEM is designed to help businesses process a database. It fell momentarily by over 20% on Friday before finishing the day with a fall of about 10% to 85 cents.
The Japanese stock exchange has announced it does not seem like hackers have stolen other key cryptocurrencies.
Just to recall that in December, South Korea's Youbit lost 17% of its digital assets, prompting the parent to declare bankruptcy.
In 2014, the Tokyo Exchange Mt. Gox also went bankrupt after announcing that they had lost 750,000 of the bitcoins of their clients, as well as 100,000 of their own.
In mid-December, the US investment bank Morgan Stanley predicted that $630 million worth of bitcoins will be stealed from hackers.

Dollar collapsed today

Today, the dollar index DXY (that is, the dollar's rate to the basket of six world reserve currencies) collapsed to the lows that were last seen at the end of December 2014. Since the beginning of this year, the index has dropped by 2.6%. The dollar also lost in value and in relation to each of the world reserve currencies separately, "losing weight" against the euro by 0.75%, to the British pound sterling by 1.4%, to the Japanese yen by 0.8%, to the Canadian dollar - by 0.5%.
The most obvious reason for the fall of the dollar was the statement by US Treasury Secretary Stephen Mnuchin that a weak dollar is supporting the economy. In principle, he did not say anything new, just confirmed the economic pattern that a weak national currency supports production in exporting industries. American exchange speculators reacted "patriotically", because a weak dollar supports the US economy, and speculators from other countries helped the growth of their national currencies.

Why can oil go down to $50?

The fundamental oil situation has changed suddenly and quickly. Last year's history of oversupply suddenly changed to a shortage of oil. This raises the question of whether there is a surplus on raw materials and is not oil too expensive?
Instability in Nigeria, the 30-year minimum in Venezuela's production, and the agreement between OPEC and Russia, led oil near the psychological level of $70 a barrel.
By the end of last week, however, the big speculators hold just under 660,000 net long oil contracts, or the biggest bullish position in the history of oil futures. This should definitely be a serious "alarm signal" for investors.
Whom will these big investors sell their oil futures? And how this sale will affect the price of the raw material?
Unbinding this big position may be the main reason for the price depreciation of oil to $50 a barrel or about 20% of its current levels.
And while there are bullish traders who think we are at the beginning of a new epic billush oil cycle, the situation may be far different, and we will soon see oil falling to 50 dollars.

Yuan with strong growth

Over the past week, the Chinese currency has strengthened against the dollar.
The phase of the rapid growth of the renminbi against the US currency was continued despite the pronounced technical overheating and the apparent tightness of this trend.
A new round of strengthening of the renminbi boosted by, including, favorable macroeconomic data for China. The GDP of China increased by 6.8% y/y in the fourth quarter, and by 6.9% in the whole 2017, which significantly exceeded the targets of the government of the country, suggesting about 6.5%. The growth rate of the Chinese economy accelerated for the first time in seven years, which did not remain without the attention of the investment community.
At this stage, the depth of the dollar's sagging relative to the yuan should already keep the investment community on the alert, since the fundamental picture of the US economy is indicative of further monetary tightening this year, and in such conditions the dollar is supposed to win the advantage.

The bitcoin may fall by 90%

Cryptocurrencies launched the first day of the week "on a lame leg," after regulatory concerns continued to harass investors. Over the weekend, some of the largest Indian banks, including the State Bank of India, have stopped serving accounts, connected with crypto-exchanges, according to the Economic Times of India.
This is coupled with concerns about serious regulation coming from South Korea, where the government may introduce a law banning the trading of virtual currencies on local exchanges.
After its decline on Monday, the bitcoin fell below $10,500, or a decline of 8.5%, and the price of the ethereum was back below $1,000. With its downgrade, the bitcoin returned below its 100-day moving average, at $10,990.
According to technical analysts, closing the bitcoin below the specified level may open the cryptocurrency path to a new drop and test the psychological limit of $10,000.
Closing below the 100-day moving average could open the bitcoin's way to support line at $9,000. After the break of this level last time, the bitcoin marked five consecutive weeks of rise, which led it to a record high of $19,670.
Serious decline was recorded by other key cryptocurrencies, as the ripple, which declined again to a level of 1.20 dollars per coin after the momentary increase of over 1.60 at the end of last week.

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Inflation in the UK with the first drop for six months

UK inflation slowed down for the first time in six months in December, mainly due to prices of airline tickets and toys.
The fall in inflation led to a 3% rise in the last month of last year, compared with 3.1% a month earlier. The last result was the fastest-growing inflation in the country for over five years.
The main consumer price index, which disregards volatile food and fuel prices, fell to a five-month minimum of 2.5%.
After the data, the pound has seen some decline over other major currencies, reflecting expectations that the ECB may not be as aggressive in the future as concerns interest rates. The British national currency fell 0.2 percent to 1.3772 against the dollar.
Britain is still negotiating conditions for leaving the EU, which may trigger some slowdown in the economy in the future and hence cooling of inflation.
A number of experts comment that we can be at a turning point for inflation, largely triggered by the depreciation of the pound. And the reason for this is again linked to the pound - and more precisely to its appreciation over the dollar in recent months.
The strong British currency is likely to put the pole on the wheel of economic growth as well as on the monetary policy of the central bank in the country.

The British pound is most expensive against the dollar after the referendum

The British pound has risen to its highest level against the dollar after the referendum on leaving the country from EU borders. This happened after signals from Spain and the Netherlands for more relaxed conditions for leaving the Union.
However, the pound's rally was relatively skeptically accepted, even by the most keen bullish traders for the British pound. Many have said that further evidences are needed for successfull ending of the negotiations.
There is a need for persistence of these news and positive figures for the UK to continue to appreciate the pound. The fact is that the pound has been releasing a key level of resistance, which can then take it to 1.40. On Friday, the pair closed at 1.38594, keeping its positive moods for all the week, despite the pessure because of the uncertainties surrounding the EU talks.

S&P 500 with a record period without a 5% loss

US indexes continue with their tireless record-breaking growth. This is largely unprecedented.
Indeed, the broad S&P 500, except for a new historical record as a value, is close to another record highlighting its strong upward trend.
The index already has 393 sessions without a 5% correction. This is the second longest similar period in the indicator's history, according to statistics by the US investment bank Goldman Sachs.
Until now, the record-long series, with no 5% correction, was 394 trading sessions, which happened between 1994 and 1996.
The S&P 500 index ended with higher levels in nine of the 11 trading sessions since the beginning of the new 2018 year. New record value was achieved on each of the trading sessions.
In fact, investors have witnessed the best start of a trading year since 2003.
The broad US index has already the longest in its history series without a 3% correction, which to a great extent points to the trend of the current growth. Without such a correction, the indicator is traded from November 7/2016.
The indicator rose by 19.4% in the past year, which was also the best performance since 2013. It has risen for 14 consecutive months.

Bitcoin balloon blowed?

The big topic of the last days is the incredible depreciation of the bitcion and the other crypto currencies. This has confirmed the question that many experts have asked over the past year - "is the bitcion a balloon?"
The bitcion fell about 50% after its historic peak at a level of over $19,000. Yesterday, the crypto currency dropped momentarily to nearly $9,000.
Will the bitcion ends up as one of the worst financial bubbles in history? This is yet to be seen ... Such a prediction has already been given by well-known experts such as Jamie Dimon and Warren Buffett. Will they be right?