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 [...]
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 [...]
Aussie fell today as Australia inflation figures disappointed traders during early Wednesday. Also adding to the Aussie's weakness is the stimulus withdrawal pessimism and the Us dollar strength. Australian consumer prices rose by much less than expected last quarter while core inflation increased by the weakest pace on record, which clearly signals monetary policy could [...]
