TODAY'S TOP MARKET NEWS
Enjoy our daily selection of major news and articles that explain the market sentiment. We carefully
curate our articles to provide you with top news and independent angles for trading instruments.
Bitcoin plummets 13% in a day
Bitcoin has been slammed for a second day on reports of a technical fault in its blockchain. The US dollar fell again amid strong economic data, sending the pound and the euro higher. The ECB kept policy steady. Today sees the release of January PMIs.
22 January 2021
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BABA stock pops as Jack Ma reappears
Joe Biden notched up the best inauguration day gains ever as Wall Street closed at record highs. Alibaba stock jumped after founder Jack Ma reappeared in public after Ant IPO fallout. Gold jumped will Bitcoin slipped. Today it’s the BOJ and ECB meetings.
21 January 2021
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Ether hits record high (ETH/USD)
The second biggest cryptocurrency Ether, the altcoin of Ethereum struck a record high for the first time since 2017, while the US dollar dropped after a speech by incoming Treasury Secretary Janet Yellen. Netflix stock pops after earnings.
20 January 2021
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Most bearish USD positions since 2018
The latest CFTC COT data has revealed a near 3-year high in bearish US dollar positions. Meanwhile new Treasury Secretary Janet Yellen is set to affirm America’s ‘strong dollar’ policy. China reports growth in 2020. Today Netflix report earnings
19 January 2021
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EUR/USD 1-month low
The US dollar finished the week on a strong note as traders bought the haven currency after disappointing retail sales figures and before the long MLK holiday weekend. Poor US bank earnings weighed on stocks while Bitcoin dropped back under $35,000.
18 January 2021
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Bitcoin tags $40k
Stocks closed near session lows on leaked reports around Joe Biden’s stimulus plan. The exception were small caps than held onto big gains as well as Bitcoin that retook $40,000.
15 January 2021
Read MoreLATEST WEEK AHEAD VIDEOS
Market Analysis: January 19
Gold’s 200 day moving average
WEEK AHEAD: JANUARY 18
The story has been the US dollar rebounding in the major forex pairs, one of which is dollar yen. With the Bank of Japan setting interest rates this week, my trading strategy is to watch if this dollar up-move continues against the yen. Thanks! Rich
Market Analysis: January 12
USD/JPY might have bottomed at 103!
