Adoption of bitcoin in El Salvador: the latest
The next step in adoption of bitcoin in El Salvador is airdropping to citizens, with the government now planning to give $30 worth of bitcoin to people registering for the scheme.
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Weekly data: trade and the NFP in view
After a fairly slow start this morning, activity for various symbols is likely to pick up later in the week as the NFP approaches plus balance of trade from Australia, Canada and the USA. This preview looks at AUDUSD and CADJPY.
Hack of Africrypt damages sentiment on crypto
The hack of South Africa’s largest crypto exchange has sparked anger and disappointment among many participants in crypto markets. This post summarises the news and its possible effect on BTCUSD.
Weekly roundup of bitcoin news
Bitcoin’s latest five-month lows represent nervousness as hashrates have dropped and options expire. This post summarises key recent news.
Sterling declines after the BoE’s relative dovishness
Today’s cautious Monetary Policy Summary from the UK has affected the pound negatively: here’s a look at cable and GBPAUD in the aftermath.
Technical analysis of GBPJPY
Pound-yen has been somewhat more volatile in the last fortnight after generally strong data from the UK. This TA looks at GBPJPY D1 in the runup to the BoE’s statement tomorrow.
Technical analysis of BTCUSD
Bitcoin has moved down again so far this week as inflation moves out of view. This TA of BTCUSD looks briefly at the daily chart.
Tips for traders, 22 June 2021
Expectations that the Fed will hike rates more quickly over the next two years have boosted the dollar to the detriment of gold. This week’s tips look at the chart of XAUUSD.
Weekly data: BoE to be watched after hawkish Fed
Markets have shifted somewhat away from the narrative of inflation since last week’s signals of earlier tightening from the Fed. This preview of data looks at GBPZAR, USDMXN and UKOIL.
Bitcoin as legal tender: Paraguay
Paraguay is the latest country debating bitcoin as legal tender and a stabilising influence on its financial system. This post summarises the latest news and its possible effects.