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Bitcoin takes out key level at 48,552
Well, I cannot say I am surprised really, but a few moments ago, Bitcoin took out an important Fibonacci correction level at 48,552. The lead coin has just now lifted very close to 49k after surpassing that level. It seems like all these ETF issuers are keen to get stock on board so that have something to quote against perhaps? I am not entirely sure on that, but in any event the demand for BTC has completely ignore all that is going on around it, be that in stocks, gold, or the dollar. The price action is rapid though and volatile and you need to factor that into how you approach any trades in this market today.
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A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
