This week’s episode of Trading Insights with FXT Podcast covers Cryptocurrency, China’s movement and Precious Metals. Some serious movement happening in the markets so let’s take a deeper dive into what’s happening in the global markets.
This week’s topics:
China’s inflation, covid policy and impacts to the financial markets.
Big moves in metal, will it hold?
The demise of FTX and what it means for cryptocurrency?
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Notes
Cryptocurrency, China’s movement, Precious Metals.
US dollar index topping out which may create positive action in the precious metal space such as gold, silver and platinum. Miners doing well, money moving from tech and looking for value.
People may focus on elections, Navigator overview big rising moves in cotton, silver, Hang Seng, Orange Juice with large drops in Ethereum, bitcoin and US tech.
Gold rally barely impacted the annual moves. The USDJPY is the highest. Brent sold off significantly since mid-year.
Covid saw China lock down hard but still seeing issues from Covid for a variety of reasons.
Good for miners and AUD with a floor in the oil price if China open up and recover.
Lots of opportunities to trade.
Talks of deflationary environment in China. Chinese property market, devalued currency.
Fallout of FTX (Crypto Exchange)
Crypto flatlined
Crypto Exchanges - FTX and Binance
FTX Crypto Exchange was using collateral for loans
Understand what you are trading and understand the risks
Lost confidence, trust, lack of regulation, wild west
Has a service, has a function and has a value.
Is it the bottom? Market taken a beating and confidence is down.
Need balls of steel to get in to the market here
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