Bitcoin, launched in 2008, has now traded above $300, an all-time high. This represents a massive 2000% gain for the year to date – the virtual currency was trading at $13.50 on the 1st Jan 2013. The ‘currency’, with roughly 12 million Bitcoin’s in circulation, had reached a high of $264 on 10th April of…اقرأ المزيد
Asian stock markets closed mostly mixed on Wednesday morning on the back of the negative lead from Wall Street, where equity markets closed mostly lower due to a stronger reading of the US services industrial data. Investors are less optimistic that feds will keep the taps running of cheap money and they could start the…اقرأ المزيد
Asian stock markets closed lower on the first trading day of the week and the gains which we saw on the back of the positive economic news out of China were short lived. The non manufacturing purchasing manager’s index increased to 56.3 during the month of October and this was the highest level recorded in…اقرأ المزيد
There has been an increasing demand for Gold consumption due to an increasing supply and domestic demand for the popular commodity this year. China is one of the biggest producers of Gold with production levels reaching almost 425 tonnes, and importing over 1100 tonnes this year. Gold prices could be facing a weak future in…اقرأ المزيد
Declines recorded in Asia at the open of the trading week despite a positive Friday close on Wall Street. Market participants prepare for another busy week of macro data and quarterly earnings. Monetary policies across the globe come under focus as Australia, the UK and Europe are expected to release interest rates and statements later this week.…اقرأ المزيد
US futures are trading lower and off from their record highs after the Federal reserve concluded their meeting yesterday. We said in our analysis yesterday, ‘that it is the tone of the meeting which will be the most important for the markets and investors have to be careful that they do not get caught on the wrong side of the trade this time as well’ and certainly this is what caught most investors off guard.
Despite there was no press conference, but the statement itself was less dovish as many thoughts which caused the sell off across the board and push the green back higher against all commodities and equity market.اقرأ المزيد