Month: July 2021

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Wonders of wonders. It opens at the IPO price The price of Robinhood, the retail online trading platform, has opened at $38 a share. That was the proposed IPO price.  The stock is currently trading in volatile price action above and below the $38 level.   Relatively speaking, trading near the IPO price is not a great signal.  Meanwhile the Dow and S&P have
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Dollar’s decline continues and accelerates a little in early US session after weak economic data. Gold is also accelerating upwards, in tandem with the greenback’s movements. Yen is following as second worst for now, following recovery in European stocks and US futures. Commodity currencies and Sterling are currently the stronger ones for today. Technically, immediate
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BTC  One of the tests for the longevity of Bitcoin’s long term viability is how usable is it? The more places that BTC can be used the more point there is in owning BTC. In short BTC needs to go from the realm of ‘techno savvy only’ to ‘Mr & Mrs Smith’. That tipping point
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Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil prices. Sterling is also strong with Swiss Franc while Euro under performs them. Focus will
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Traders trimmed their open interest positions for the second session in a row on Wednesday, this time by around 5.3K contracts considering preliminary figures from CME Group. Volume, instead, reversed two consecutive daily pullbacks and went up by around 175.1K contracts. Gold now flirts with the 200-day SMA Gold prices extended the rebound past the
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