The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Bitcoin rallies above $12,000 to record maximum on relentless demand
On Wednesday, Bitcoin managed to extend its eye-popping rally, jumping above $12,000 to a record maximum notwithstanding questions about the cryptocurrency's real value as well as worries about a dangerous bubble.
Bitcoin got a powerful boost after Friday's announcement by the major American derivatives regulator that it would permit CME Group Inc as well as CBOE Global Markets to have bitcoin futures contracts listed.
The given move actually opens the door to added regulation and also more mainstream adoption because bitcoin futures along with other derivatives would simplify trading the new asset class.
Bitcoin's shocking leap over 10-fold from $1,000 at the start of 2017 has generated regulatory scrutiny around the globe.
Moreover, some high profile individuals, including Nobel Prize-winning economist Joseph Stiglitz have told that the cryptocurrency needs to be immediately forbidden.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!