Category: Trade

After years of planning and development, the Ethereum Mainnet is anticipated to migrate from its existing PoW consensus mechanism to its new PoS validation structure on 15th September 2022. The Merge, announced by Ethereum.org, will improve the scalability and sustainability of the Ethereum network. In this article, we will explore some of the basic concepts of Ethereum, the significance of this Merge,...

The price of bitcoin surpassed this Tuesday (13) the level of $63K and broke a new price record, on the eve of the debut on the stock exchange of one of the biggest cryptocurrency trading platforms, Coinbase. At 10:30 am GMT, bitcoin registered a quote of $63,000 dollars, which means an increase of 115% in value since the beginning of...

For centuries, money issued by governments has served as the lifeblood of the global economy — the currencies in which people hold savings, make payments and keep accounts, and in which nations measure their wealth and geopolitical power. But in our digital age, it’s facing a bizarre, postmodern sort of competition. Cryptocurrencies — created to supplant the traditional, sovereign kind...

If you’re sending or receiving any safe-haven currencies, keep an eye out for good news headlines. The more regularly they appear, the more rotation into risk-on assets and away from the US dollar will occur. Note information on central bank movements. If the US Federal Reserve announces a big package of monetary stimulus such as quantitative easing, that will likely...

In times of uncertainty, investors sell off risky shares and switch to defensive stocks or government bonds; they repatriate money from emerging market equities and currencies; and they sell out of positions in growth commodities like iron ore and put them into commodities like gold. The US has long been regarded as a safe-haven destination. As the largest economy in...

In the currency world, “risk” or commodity currencies are aligned to rising economic activity driving demand for raw materials like iron ore and oil. The Australian dollar (iron ore) and the Canadian dollar (oil), tend to rise when prices for those commodities are high. The Aussie is recently hit 80 US cents, a point not reached since 2017, driven by...

2021 is shaping up to be a year of optimism as stimulus packages and vaccine rollouts supercharge economies. It’s why stock markets have been steadily rising, and that positive investor sentiment has a similar impact on certain currencies.

Currently the financial markets are betting on growth stocks, and backing currencies linked to economic upswings in what financial markets refer to as...

Wall Street and Bitcoin open up the month of March driven by the US stimulus package. On the radar, after Bitcoin’s nearly 20% drop and last week’s rally of up to 1.6% in treasury yields, U.S. Treasury bonds fell to 1.44%. Also in the US, the $1.9 trillion package to contain the economic impacts of the coronavirus has been approved...

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...