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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

The Bitcoin embrace continues

By Klavs Valters  @klavsvalters A few weeks ago, it was announced that Tesla had purchased $1.5 billion worth of Bitcoin, sending the price of the world’s largest cryptocurrency to record highs. This week, two more major US companies announced they have invested more funds in the digital currency. Square  Earlier in the week, Square a paymen...

February 25, 2021
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GBPCAD – G10’s Best Performing Currencies Lock Horns

GBPCAD – Hourly Individually, both the British Pound and the Canadian Dollar have surged in recent trading sessions, appearing relatively strong against their peers in the short-term. With the latest fundamental data suggesting both currencies have benefited from similar economic drivers, it could be tough to navigate a directional bias for GB...

February 11, 2021
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Elon gives Bitcoin a boost

By Klavs Valters  @klavsvalters It is no secret that Elon Musk has been very outspoken about Bitcoin in recent times. Last week, the Tesla CEO changed his Twitter bio to #bitcoin, which has since been removed. Today, it was announced that Tesla has bought $1.5 billion worth of world’s largest cryptocurrency, according to a Securities and Exchan...

February 9, 2021
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Preview: Non-Farm Payroll announcement

By Klavs Valters  @klavsvalters The Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. It will be the first jobs report since Joe Biden was inaugurated as the 46th President of the United States last month. Why is the announcement im...

February 4, 2021
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Ethereum hits all-time high

By Klavs Valters  @klavsvalters Ethereum has reached its highest level after surging by around 7% in the last 24 hours. The world’s second-largest digital currency (by market cap) rose above the $1,600 level. Ethereum is now up by over 26% in the last 7 days. Its total market now stands at over $186 billion, higher than the market cap of Citigr...

February 4, 2021
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The kiwi shooting star

By Luis Sebastian The Kiwi unemployment rate dropped to 4.9% from 5.3% in the quarter ending December 2020, Statistics New Zealand announced yesterday; it is worth noting some Economists had projected a rise to 5.6%. The Kiwi dollar (NZD) soared after the rate fell unexpectedly in the fourth quarter as the country boomed after a lengthy recession....

February 4, 2021
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AUDNZD – Kiwi Returning To The Status Quo

AUDNZD – Daily Despite the Australian Dollar having a strong rally towards the end of last year, it appears the New Zealand Dollar is once again regaining the upper hand against its counterpart. New Zealand is ticking many of the economic boxes of late, and from a fundamental point of view, it's not hard to envisage a return of strength for th...

February 3, 2021
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Wall Street vs. Main Street

By Klavs Valters  @klavsvalters It has been an eventful week over in the United States this week. Some of the major companies, including Microsoft, Apple, Facebook, and Tesla announced their latest earnings. The Federal Reserve kept their interest rates unchanged at 0.25%. We also saw the US GDP expand by 4% in Q4 of 2020. However, these were not...

January 29, 2021
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See-sawing equity markets, US Dollar strength and stimulus hopes

By Lachlan Meakin Equity markets Global markets see-sawed from record highs to steep declines in an eventful month that saw a new US administration sworn in, promises of record US stimulus and the FOMC spoiling the party somewhat. Global equities Major Indices in the US and Europe saw record highs this month on hopes of fresh stimulus from the US a...

January 29, 2021
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EURGBP – Sterling Applying The Pressure

EURGBP – Hourly Since the 12th of January, we've seen much choppy price action in the EURGBP cross, with Pound Sterling applying the more significant selling pressure. This shorter-term bearish bias is what we'll be looking at in today's Chart of The Day using the hourly time frame. Firstly, we can see the initial DiNapoli target of 0.8854 ...

January 26, 2021
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COTD: FTSE100

FTSE100 – Point & Figure The FTSE 100 looked to ride the tailwinds of positive sentiment sweeping through US markets today but instead failed to maintain a reasonable start, ending the session down and 7 points in the red. However, the longer-term picture looks brighter for the Index as we study the latest point & figure chart shown ...

January 20, 2021
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Preview: the Bank of Canada rate decision

By Klavs Valters  @klavsvalters One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 PM London time on Wednesday. Why is the announcement important? A bank interest rate is a rate at which a country's central bank lends money to local banks. The inte...

January 19, 2021
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NZDJPY – Kiwi Gathers Momentum Eyeing 77.88

NZDJPY- Daily NZDJPY- The Japanese Yen finally regained some ground against the US Dollar during this afternoon's London session but continues to display weakness against many of its counterparts. In particular, the NZDJPY and AUDJPY crosses remain technically bullish in the short-term. Looking at the NZDJPY daily trend, we see a validated bull...

January 14, 2021
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Electric Car Stocks on the Move

By Klavs Valters  @klavsvalters 2020 was a good year for electric car space. We have seen shares of most electric car makers surge considerably and take steps to take the industry to the next level, most notably Tesla and NIO. Top 5 automakers by market cap* Tesla at $790.53 billion Toyota at $209.83 billion NIO at $97.21 billion BYD at...

January 13, 2021
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Crude Oil – Saudi Production Cuts Spark Rally

USOIL- Hourly USOIL- It's been an impressive start to the year for Crude Oil prices so far, with prices steadily rising to over $50 per barrel and returning to pre-pandemic levels. It would seem many underestimated such a speedy recovery. Still, with the general uptick in global commodity prices and a pledge from Saudi Arabia to cut production ...

January 12, 2021
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