Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Keep an eye on BTC because it is slipping again
Following immediately from the previous update noting the slide in Gold just now, Bitcoin has also taken a step backwards at the same time. Once again you can see some symmetry between the two instruments, when it comes to US yields. As you can see, it looks like BTC is not immune to higher US yields this morning and that push higher might just be serving as a good excuse for someone to do what they might have eventually done anyway and that is to offload BTC. That is partially the case, as for the past 2-3 hours BTC has failed to make any progress back above the 103k handle. Well it just now traded down to around 101,800. Hence, it has not busted below the noted earlier session low at 101,536, but worth keeping an eye on all the same. Bitcoin is currently trading at 101,870
Market News
All News-
BTC rebounds from session low even as Nasdaq 100 stays in the red in early trading
The US stock markets have been open for around 25 minutes and all the three major indexes opened lower this afternoon, as priced into the futures...
-
Gold approaching $3,200 as dollar slips
The rebound in Gold today has now extended by nearly $80 from the lows. The metal is now approaching the $3,200 handle. A moment ago it almost touched...
-
Powell offers few clues but does talk PCE lower- USD/JPY edges backwards
The USD/JPY was falling back after the US data drop, as covered in the previous couple of updates. It has just edged a little lower following comments...
