The End of Money as We Know It - a Bitcoin Documentary

The End of Money as we Know It examines the meteoric ascent of the revolutionary cryptocurrency which rose from the ashes of the 2008 global financial crisis. As economies, and ultimately people, struggle all over the world, Bitcoin purports to provide an antidote to a world in which money is created irresponsibly by private banks. This Kickstarter funded film dissects the underlying assumptions that we make about money, and also questions the Bitcoin advocates assertions about this new digital currency. Will Bitcoin really signify the inauguration of a new Internet-based monetary system, or is it a Ponzi scheme, another bubble waiting to burst? Several experts and economic commentators, some enthusiastic and others sceptical about the potential of Bitcoin are cross-examined as the documentary explores the question: Is this the end of money as we know it?

The End of Money as We Know It - a Bitcoin Documentary

Bitcoin: The End of Money as We Know It (2015)
Directors: Torsten Hoffmann (co-director), Michael Watchulonis (co-director)
Writer: Torsten Hoffmann
Stars: Andreas M. Antonopoulos, Jeffrey A. Tucker, Roger Ver, Michael Casey, Stephan Livera, Paul Vigna, Trace Mayer, Nicolas Cary, Bernard von NotHaus, Joseph van Perling
Genres: Documentary | News
Country: Australia | Canada | USA | UK
Language: English
Release Date: July 2015 (USA)
Also Known As: Биткойн: Конец денег, какими мы их знаем
Filming Locations: New York, Toronto, Miami, Melbourne, London

👉 HSBC expects the European Central Bank to increase the monthly EUR20 billion purchases under the Asset Purchase Programme to EUR40 billion in December, senior economist Chris Hare says. Economies in the eurozone should see a "mechanical" bounce in the third quarter but some indicators are beginning to point to "lingering effects," which HSBC thinks will make it difficult for economies to return to pre-crisis levels, he says.

👉 HSBC expects the European Central Bank to increase the monthly EUR20 billion purchases under the Asset Purchase Programme to EUR40 billion in December, senior economist Chris Hare says. Economies in the eurozone should see a "mechanical" bounce in the third quarter but some indicators are beginning to point to "lingering effects," which HSBC thinks will make it difficult for economies to return to pre-crisis levels, he says.

👉 Australia's GDP will take a bigger hit from toughened measures to contain Covid-19 outbreaks in Victoria state, Morgan Stanley says. The bank had estimated Victoria's stage-three lockdown impact at 1.0% of GDP. But it now says measures introduced this week including a night-time curfew and the closure of a swath of commerce mean the impact on output will be "much larger as economic impacts broaden out to other states."

👉 The DXY continued to soften and sits just above the 93.00 level, EUR/USD reclaimed 1.18, GBP/USD sits just below 1.31. USD/JPY failed to hold onto the 106.00 level closing at 105.71.

👉 AUD/USD climbed 0.5% to 0.7160. While the Reserve Bank of Australia kept its key interest rate unchanged at 0.25% (as expected), RBA Governor Philip Lowe said: "As difficult as this is, the downturn is not as severe as earlier expected and a recovery is now underway in most of Australia."

Here are the High Impact Economic events expected today:
Economic Calendar (8.5.20) - Forex Trading tutorials for beginners in the Philippines

As we have observed earlier in the Currency Monitoring Chart, we discovered that AUD/USD lines are separated with the farthest distance.
Currency Monitoring AUDUSD (8.5.20) - Forex Trading tutorials for beginners in the Philippines

The following is EUR/AUD looking at 4 hour chart:
EURAUD H4 chart (8.5.20) MetaTrader 4 axicorp financial services

INTRADAY MARKET INSIGHTS


USD/JPY Intraday: 
Towards 105.25 downside. The pair is testing the immediate support at 105.55 (around the lower Bollinger band). It's upside is currently capped by the descending 20-period moving average. There is a lack of upward momentum for the pair as the relative strength index remains subdued in the 30s. A clear break below 105.55 would trigger a further drop toward 105.25. Key resistance is located at 105.95 (around the 50-period moving average and the upper Bollinger band).

EUR/USD Intraday:
Target 1.1860 upside. The pair continues a rebound from a low of 1.1720, and is challenging the overhead resistance at 1.1820. The relative strength index is well directed in the 60s suggesting continued upward momentum for the pair. Upon reaching 1.1820, the pair should then target 1.1860 on the upside. Only a return to the key support at 1.1760 would bring about a bearish reversal.

AUD/USD Intraday:
Watch 0.7210 upside. The pair has crossed above the upper Bollinger band calling for acceleration to the first upside target at 0.7185. Support is provided by the ascending 20-period moving average. And the relative strength index is well directed in the 60s, indicating upward momentum for the pair. A break above 0.7185 would call for a further advance toward 0.7210 on the upside. Key support is located at 0.7140 (around the 50-period moving average and the lower Bollinger band).

NZD/USD intraday: 
Rebound expected. The pair posted a rebound and struck to the upper Bollinger band. Currently, the prices stay above both 20-period and 50-period moving averages. To conclude, as long as 0.6598 is not broken, expect a rebound with targets at 0.6650 and 0.6663 in extension. Alternatively, a break below 0.6598 would bring a return to 0.6576 as a target.

GBP/USD Intraday: 
1.3140 upside expected. The pair is striking against the upper Bollinger band while being supported by the ascending 20-period moving average. And the relative strength index remains firm at levels above 50, showing a lack of downward momentum for the pair. With a bullish bias, the pair should proceed toward 1.3105 and 1.3140 on the upside. Only a return to the key support at 1.3040 would bring about a bearish reversal.

USD/CHF Intraday: 
Downside prevails. The pair has recorded a series of lower tops and lower bottoms since August 3, confirming a bearish outlook. The downward momentum is further reinforced by both declining 20-period and 50-period moving averages. Therefore, unless the resistance level at 0.9160 is violated, the pair should reach 0.9095 and 0.9070 on the downside. On the other hand, a break above 0.9160 would bring a rebound with 0.9185 and 0.9210 as targets.

USD/CAD Intraday: 
Under pressure. The pair is under pressure below the declining 20-period moving average. The relative strength index has broken down the oversold level at 30, but has not displayed any reversal signal. To conclude, as long as 1.3345 acts as the resistance level, expect a drop with targets at 1.3270 and 1.3240 in extension. On the other hand, a break above 1.3345 would trigger a technical rebound with 1.3390 and 1.3420 as targets.

EUR/JPY Intraday: 
Key resistance level at 124.99. Although the pair posted a rebound, it is still trading below the key resistance level at 124.99, which should limit the upside potential. Even though a continuation of technical rebound may not be ruled out, its extent should be limited. Hence, below 124.99, expect a return to 124.29 before targeting to 124.12 in extension. Alternatively, a break above 124.99 would bring a rebound to 125.27 as a target.

EUR/GBP Intraday: 
Upside prevails. The pair posted a rebound after touching the rising 50-period moving average. In fact, the prices have returned the level above the 20-period moving average. Hence, as long as the support level at 0.9004 is not broken, intraday bullish bias remains with up targets at 0.9060 and 0.9075 in extension. Alternatively, a break below 0.9004 would open a path to 0.8978 on the downside.

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