LD4 Business

The CFA Franc is the name of the currency used by the economies of 14 African countries. Derived from the French phrase "Communauté Financière Africaine" (African Financial Community), the CFA Franc is a currency system that has been influential in shaping the economies of several African countries. In this article, we will explore what the CFA Franc is, the countries that use it, and the benefits that France derives from its usage. What is the CFA Franc? The CFA Franc is a currency that is used by 14 countries in West and Central Africa. These countries include Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. The currency system was established in 1945, following the end of World War II, and has undergone various modifications over the years. CFA Franc 2 variants:  There are two variants of the CFA Franc: the West African CFA Franc (XOF) and the Central ...

  Why Icelandic Banks are Offering High Interest Rates on Savings Accounts Icelandic banks have recently been offering high interest rates on savings accounts, with Landsbankinn's reaching as high as 8.25%, a recent spike from 5.25 around 4 months ago. This is a significant increase from the average interest rates seen in other countries. In this blog post, we will explore the reasons why Icelandic banks have started offering high interest rates on deposits. Economic Recovery One of the main reasons why Icelandic banks are offering high interest rates is due to the country's economic recovery. Iceland experienced a significant economic downturn in 2008, which resulted in the collapse of its banking system. However, the country has since made a remarkable recovery, with its economy growing at an average rate of 4% per year. This has resulted in increased confidence in the country's financial system, which has allowed banks to offer higher interest rates on savings accounts. ...

 It has been some time since I have published an article. My excuse is that apart from US debt ceiling discussions, not much has happened with US equities & cryptos.      Nonetheless, upon looking a second time at the chart of Bitcoin, I have realized how a classical textbook bullish signal might have been posted on the charts.  In fact, Bitcoin has, since its recent highs, slowly corrected down to exactly touching the 200 SMMA and carefully getting rejected at that level.  Not only is that a classical bullish move, but the fact that Bitcoin's price increased much after getting supported by the line is a possible indication that Bitcoin might be set to possibly rivisit or break through the recent highs of $30'500.  What I also like about this chart is that Bitcoin's price denied a head-and-shoulders formation that had been forming since March. A second possible indication that price might have been able to hold strong downward pressure from increas...

  Throwback to a short position on Crude that I had signaled to take back on April 19, which has hit the target (green line). Whoever took that position since I signaled it would have made a 8.86% gain.  Now I think that another crude oil position could be taken that follows the directives shown in the following image: green line (target) and red line (open position price)  If this position hit target,a nother 6.87% gain could be made. SL must be set according to your rsik appetite although I would place the SL at a more risky level as I think this position looks promising. 

  Since the Silicon Valley Bank Collapse, I had predicted that a flight of capital would ensue among small & regional banks throughout the United States into larger too-big-to-fail banks.  The banking sector is crumbling, reaching secular trend lows as investor sentiment decreases.  The following chart represents the monthly chart of the Nasdaq Bank Index. Current prices are reaching the trend lows that were last seen during the 2020 covid crash and the 2008 banking meltdown.  In other words, because some regional and other small banks are imploding, the whole banking sector is taking hits as the general investor pulls his capital out of banking stocks, including larger banks that might not be at risk of failure.  Recently, the failure of smaller banks, such as Pacwest Bancorp and Western Alliance Bancorporation, which are the banking stocks that took the greatest hits in yesterday's trading sessions.  The idea goes that these failing banks have insuffi...

  TOTAL PORTFOLIO VALUE: $6025 Due to the price of Bitcoin so far only consolidating after a large correction, I have decided to increase my stake in BTC after concluding that accumulating at these prices was worth it in the long-run.  I have already closed a position in Ripple that had turned slightly profitable to direct the funds into buying more Bitcoin. My plan is to close the small altcoin positions I have as they become profitable and invest the proceeds into Bitcoin.  This move will increase my stake in Bitcoin by nearly $430.  In turn, I am also devising a plan in which I would diversify my portfolio by gambling a small predetermined quantity of funds into buying many different meme coins. I would only invest money I am willing to lose into this initiative.  Nonetheless, I will publish a more detailed plan regarding this as I have more information.