Fundamental view: Bitcoin price shows considerable strength after springing from the recent crashes. Chicago Mercantile Exchange (CME) has announced the launch of Micro Bitcoin Futures (MBT) on May 3, which could see a lot of interest from retail investors. According to the firm’s senior managing director, Sean Tully, the decision to launch this new financial product comes [...]
As a trader, the economic calendar is one of your best friends. You will only spend one minute with it a day (or less), but that one minute—every day—is crucial if you want to become a consistently profitable trader. Defining an Economic Calendar An economic calendar shows the scheduled news events or data releases related [...]
Gold is trading low against greenback today the yellow metal is pressured by U.S. Treasury yields that are on the rise again, and by a slight rebound in the U.S. dollar index today. Thursday's report on first-quarter U.S. gross domestic product report showed a rise of 6.4% compared to market expectations for a rise of [...]
The Pound has gained strength and accumulates a move showing its strong gains in the past few sessions. The pound has made gains with the response to the US dollar index (DXY), which tracks the movement of the greenback against its counterpart. The index lost its ground on Wednesday and fell to multi-week lows, thus [...]
