Bitcoin Archives - The Industry Spread

Gold and Bitcoin Under Pressure, US Dollar Strong 

November 8, 2019

Asian equity indices ended mixed for one more day today as equities were supported by news that China and the USA have agreed to cancel tariffs on each other’s goods as part of the first phase of a trade deal. Meeting between U.S. President Trump and Chinese President Xi Jinping to sign an interim deal could be delayed until December as discussions continue over terms.

Equities Rally Continues, Bitcoin Price in Bullish Momentum

November 5, 2019

Asian equity indices ended higher today on improved sentiment as investors digest the 25 basis point to 1.50%-1.75% from the Fed. U.S. The non-farm payrolls rose by better than expected 128,000 for October compared to expectations for an increase of 89,000. GDP for Q3 expanded at a 1.9%, slowing from 2% in the Q2 but came in above market forecasts for growth of 1.6%. 

Gold Under Pressure, Bitcoin Consolidates Around $9,400

October 29, 2019

Asian equity indices ended mixed today as traders increased their bets the Fed will cut interest rates by 25 bps at its meeting tomorrow to protect the economy from slowing growth and the effects of the trade tensions. The market is pricing a 94.5% chance of a 25 bps interest rate cut to a 1.50%-1.75% range from the current 1.75%-2%.

Asian Equities Higher, Bitcoin Higher at 9,400

October 28, 2019

Asian equity indices ended higher during the first trading session of the day as traders increased their bets that the Fed will cut interest rates by 25 bp at its next meeting later this week to protect the economy from slowing growth and the effects of the trade tensions. Markets are pricing a 93.5% chance of a 25 bps interest rate cut to a 1.50%-1.75% range from the current 1.75%-2%.

Gold Gains, Equities Retreat and Bitcoin Back Below 8,000 

October 23, 2019

Investors turn cautious in equities after a revenue warning from Texas instruments. Fed Chair Jerome Powell signalled further interest rate cuts and the resumption of bond purchases. Investors increased their bets that the Fed will cut interest rates BY 25 bp at its next meeting in October to protect the economy from slowing growth and the effects of the trade tensions.

GBPUSD Higher on Positive Brexit Developments and Bitcoin Above 8,000 

October 22, 2019

Last week, Fed Chair Jerome Powell signalled further interest rate cuts and the resumption of bond purchases. Investors increased their bets that the FOMC will cut interest rates at its next meeting on October to protect the economy from slowing growth and the effects of the trade tensions.

Bitcoin is Playing a Role in Another Darknet Criminal Scheme

October 17, 2019

Once calling it “the mother of all scams,” he also said, “Bitcoin’s only real use has been to facilitate illegal activities such as drug transactions, tax evasion, avoidance of capital controls, or money laundering,” referring to Ulbricht and other criminal schemes. 

Crude Oil Consolidates, Bitcoin Below the 8,000 mark

September 27, 2019

Asian indices finished lower today as political turbulence in Washington weighs on global equities. The US and China are planning to restart negotiations in early October. Crude oil price stabilizes after the drone attack on Saudi Arabia oil facilities which is expected to cut 5% of the worlds oil supply. Nikkei benchmark in Tokyo trading 1.34% lower at 21,757. The Hang Seng trading 0.27 per cent lower at 25,973, the Shanghai Composite trading 0.01 per cent lower to 2,928, while in Singapore the FTSE Straits Times index finished 0,33 per cent lower at 3,115. The ASX 200 in Australia trading 0.37% higher at 6,702.

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