Bitcoin extended its gains in early Thursday trading, reaching almost 9,500 before retracing sharply. The world’s largest cryptocurrency by market capitalization has benefited from its appeal as a hedge against inflation amid unprecedented stimulus by central banks.
AUD/USD rallied to its highest level since March 11 in early trading on Tuesday, as Australia stands out as one of the countries having best managing the Coronavirus pandemic. The country responded quickly, closing its borders and imposing restrictions on movement. With new cases falling sharply over recent weeks, Australia began to ease social distancing restrictions. Sydney’s famed Bondi beach was reopened on Tuesday to local swimmers after a month-long closure.
A surge in Bitcoin on Thursday to over $7,750 marked the latest leg of an uptrend that began in mid-March. Traders viewed Friday’s expiry for CME April Bitcoin futures as the catalyst for Thursday’s thrust higher. The CME Bitcoin futures contract expires every fourth Friday of a given month.
Cable staged a modest rebound in early trading on Wednesday, after falling to a two week low on Tuesday. The US dollar was broadly boosted by its safe haven appeal following a historic crash in oil prices and further weakness in global equity markets. The price of Brent crude, the international benchmark, dropped to its…
Adam Button is the Chief Currency Analyst and Managing Editor at ForexLive.com, which stands among the most visited forex websites online. The site is popular among both retail and professional traders for its 24 hour coverage of news and astute market analysis.
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Hugh Kimura, founder of Trading Heroes gives the lowdown on trading after last month crashes in the market.
Scand.Ex is pleased to present a video format of Trading Analysis to empower traders and equip them with the latest updates and first-hand knowledge from leading market experts.
In the early days of FXStreet, Francesc was in charge of advertising and content. He worked alongside his wife Miriam Pinatell (a graphic designer) and his friend Setxi Fernández (a programmer) who would become official partners in 2001 when the company was created. Currently, Miriam is the Head of Administration, Setxi is the CEO and Francesc serves as President.