Monthly Archive: February, 2021

The GBP/USD exchange rate is hurtling towards the 2018 highs, after breaking above the psychologically imposing 1.4000. However, with GBP/USD trading at overbought levels on the RSI, there is a risk of short-term pullbacks. In a week that had been relatively light on the newsflow front from the UK perspective, the move has really been a continuation of the current narrative with...

The AUD was the best performer last week hitting a high of USD 0.7877 and the strongest levels since March 2018. We can also see copper flying and has blown the $4.00 p/lb level away.  Industrial metals continue to tell a story of inflation and are offering support for the AUD, as the Aussie remains a vehicle for trading inflation...

For the first time ever, Bitcoin’s market value reached $1 trillion. The largest cryptocurrency has added $450 billion in value in 2021, and the surge is helping crypto returns far outstrip the performance of more traditional assets like stocks and gold. Despite the boom, 1 in 10 haven’t even heard of cryptocurrencies like Bitcoin, Ethereum and Dogecoin. If today 1 in 10 haven’t...

It looks like a world beating performance – the United Kingdom has administered more covid-19 vaccine first doses per 100 people (19) than any other nation of comparable population size. At the time of writing, 12 million people – roughly as many as the entire population of another vaccine front runner, Israel – have received their first dose of either...

Bitcoin broke a new record on Tuesday (16), reaching the $50,000 mark. The cryptocurrency has risen more than 20% in the past week, since electric car maker Tesla announced it has $ 1.5 billion in bitcoin and will accept it as payment. The currency has risen more than 60% in the year to date and more than 1,100% since March...

In 2020 the market was driven by headlines and politics, but we’re now starting to see a return to economic data driving the market. We expect the below key themes to emerge this month: • Currencies are not currently following 2020 trends which saw safe-haven currencies move in opposition to ‘risky’ currencies and equities. Instead, they are following leading indicators...

The day is finally here! This week the CME Group has launched a futures market for Ethereum. The CME Group is one of the world’s leading financial exchanges, hosting a majority of trade in top commodities, including Bitcoin. The CME Group made crypto headlines in 2017 when it rolled out futures for BTC. As that launch coincidentally marked the top...

Tesla is a tech company led by well-known crypto enthusiast Elon Musk. Today it made headlines as the company bought $1.5 billion worth of Bitcoin and plans to add support for BTC as a form of payment in the near future. “Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy,” revealed Tesla’s Form 10-K. The company explained...

An eightfold rally in Ether over the past year to a record faces possible turbulence from the impending launch of CME Group Inc. futures for the largest cryptocurrency after Bitcoin.  The contracts set to debut from Feb. 8 evoke memories of 2017, when the start of Bitcoin futures coincided with a peak in the leading digital asset ahead of a...