Tag: Cryptocurrency

Five Reasons Why 2018 Could Be Best Year Yet For Cryptocurrencies

In an earlier piece for CNBC, I explained why a potential cryptocurrency bubble could burst in 2018. Many people asked me afterward: If I’m so skeptical about the space, why am I invested in it?Let me clarify. I’m someone who always calculates the potential upsides and downsides, and I think many people take unnecessary risks: […]

Cryptocurrencies Could Fall to Near-Zero at Any Time

Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” Vitalik Buterin said on Twitter. “Don’t put in more money than you can afford to […]

Bitcoin Breaks $11,000 as Recovery Continues

Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month. The price of the cryptocurrency went as high as $11,279.18 on Sunday, its most elevated level since January 30, according […]

Venezuela Preparing to Launch Petro Cryptocurrency

Venezuela will launch a pre-sale of its commodity-backed “petro” cryptocurrency on Tuesday. President Nicolas Maduro hopes the country’s own digital currency will help it to make financial transactions and get around Western sanctions. Both the United States and the European Union have imposed economic sanctions on Venezuela over their opposition to its autocratic government. Last […]

US Markets Regain Composure After Rough Two Weeks

Encouraging Gains in US Futures It would appear stock markets are starting to regain some of their composure following a couple of very volatile weeks in which US indices fell more than 10% from their record highs. The Dow and S&P 500 both posted more than 1% gains on Wednesday and futures are seeing similar […]

Futures Higher But Market Remains Vulnerable

Inflation and Retail Sales Data Eyed Markets Gradually Stabilize US futures are pointing to a stronger open on Wednesday, building on the small gains posted at the start of the week and offering some hope that stability is slowly returning to the markets. Given the volatility that we’ve seen over the last week or so, […]

Calm Returns to Markets Ahead of BoE Event

US Futures Flat After Uneventful Session in Europe A sense of calm appears to be gradually returning to financial markets as we near the end of the week, with indices in Europe trading a little lower and US futures flat after ending Wednesday’s session in a similar manner. While volatility in the markets has eased […]

US Futures Pare Losses After Monday’s Plunge

Markets Stabilise Ahead of the Open on Wall Street US futures are gradually stabilising again ahead of the open on Wall Street on Tuesday, following an extremely volatile session at the start of the week and more of the same in overnight trade. The sudden and sharp declines in equity markets over the last couple […]

US Futures Add to Friday’s Losses

Wall Street Poised For Sharp Losses Again on Monday US futures are trading back in the red again on Monday, adding to substantial declines seen on Friday when higher interest rate and inflation expectations weighed heavily on stocks. We’ve seen a sharp increase in US bond yields over the last week after the Federal Reserve […]

OANDA Weekly Podcast

  A look back at the Business week with Jonny Hart from the Jazz FM Business Breakfast and OANDA Senior Market Analyst Craig Erlam. Talking points include Craig’s “moment of the week”,  US jobs and interest rates, bitcoin and Capita. Jonny and Craig also preview next week’s Bank of England monetary policy decision, otherwise known as “Super Thursday”. […]