The following article is courtesy of Retail FX broker Saxo Bank. Copenhagen based Retail FX broker Saxo Bank has today published its Q1 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities, and bonds, as well as a range of macro themes impacting client portfolios. Steen Jakobsen, Chief Economist and CIO,…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 7, 2019. Highlights include: Bitcoin Spikes to Over $4,000: BTC surged roughly 6.5% to over $4,000 in less than 30 minutes. BTC is trading in an overall range of $3,000 to $5,000 over the…
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The following article was written by Retail FX broker FXTM, authorised and regulated in different jurisdictions under CySEC, FSCA, FCA and IFSC. The article includes an outlook for Q1 2019, separated by instruments by Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM, Lukman Otunuga, Research Analyst at FXTM, and Hussein Sayed, Chief Market Strategist…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 27, 2018. Highlights include: Dow Shatters Single-Day Record: One trading day after US indices officially entered a bear market, the Dow rose 1,086 points — its largest single day gain of all time. These…
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For the second time in the past few months, stock values have plummeted, while values for Bitcoin and its altcoin brethren have surged. There has been an ongoing debate among analysts and investors as to whether movements in the stock market can be correlated with those for cryptocurrencies. The possibility of such a “tethering” may…
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Bitcoin is often taunted as the new “gold”, the modern version of the most precious commodity on Earth. Whereas Bitcoin has been debated if it holds more transactional or holding value, there is a new digital product that resembles gold more closely. Sprott Inc, a precious metals investor and APMEX, an online bullion coin dealer have teamed…
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Deutsche Börse has announced that the gold holdings of Xetra-Gold (ISIN: DE000A0S9GB0) amounted to 181.34 tonnes at the end of the first half. At the beginning of the year, they amounted to 175.04 tonnes. The holdings always increase when investors buy Xetra-Gold units via the stock exchange. Exactly one gram of gold is deposited in…
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The dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe, Reuters reported earlier today. Sentiment was also helped by news that North Korea had offered an olive branch to South…
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Another day of record-breaking on Friday, the half-day session being the last trading day of 2017, with fresh highs for both the FTSE 100 and FTSE 250 while the AIM All-Share Index traded around its highest level since 2008, London Stock Exchange (LSE) reported. The FTSE 100 index closed up 0.9%, or 64.89 points at…
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Coming soon will be the first of their kind gold futures contracts denominated in CNH and US$ available on the same platform. Hong Kong Exchanges and Clearing Limited (HKEX) plans to introduce physically settled CNH (offshore Renminbi, or RMB) and US dollar (US$) Gold Futures contracts in the third quarter of this year, subject to…
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