Winklevoss twins say bitcoin will be the decade’s best performing asset, see ’25x’ gains from here
Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an...
Loonie and Sterling Firmer in Dull Month-End Trading
Overall, the markets are relative quite today, in month end trading. Stocks are struggling in tight range, indifferent to news of Modern’s plan to see US and EU clearance for their vaccine. In the currency markets, Sterling is currently the...
Swiss Franc Flat after Mixed Data
The Swiss franc is showing little movement at the start of the new trading week. Currently, USD/CHF is trading at 0.9049, up 0.07% on the day. The currency is trying to shake off a mini-slump, after posting declines over four...
USD/CAD Decline Likely To Coninue
The US Dollar declined by 50 points or 0.38% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average at 1.3008 during Friday’s trading session. All things being equal, the exchange rate could continue...
Stock Futures Retreat From Overbought levels
US stock futures are flashing red, but the main indexes are still set to finish the month with strong gains. At the time of writing, the futures on Dow Jones have declined by 0.70%, the S&P 500 has dropped 0.60%,...
RBA Preview: Cautiously Optimistic over Recovery; QE Expected to Increase Further in 2021
After some big moves in November, we believe the RBA will stay put at this week’s meeting. Given the good news about vaccine and the steady decline in the country’s coronavirus cases and, we do not feel surprise if the...
Gold Selloff Resumes, Markets Shrug Solid Data from Japan, China and New Zealand
Asian markets are generally mixed despite some solid data from Japan, China and New Zealand. Yen is lifted mildly by the relatively optimistic economic outlook. Sterling is also slightly firmer after UK Foreign Minister Dominic Raab indicated Brexit negotiations are...
EUR/USD Breaks Key Resistance, Gold Dives Below $1,800
Key Highlights EUR/USD extended its rise above the 1.1900 and 1.1920 resistance levels. A major bullish trend line is forming with support near 1.1905 on the 4-hours chart. GBP/USD retreated lower after it failed to clear 1.3400, gold price broke...
Stock futures fall slightly as Wall Street is set to wrap up a historic November
Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures traded 0.1% lower and Nasdaq 100 futures...
Nikkei Shone in Global Stock Rally, Sterling Tumbled on Brexit Uncertainty
Vaccine optimism pushed global stocks higher last week, with Nikkei completing the most impressive rally. Commodity currencies ended generally higher as led by New Zealand Dollar. Yen and Dollar ended as the worst performing ones. Though, no key levels were...
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