The WSJ is reporting that Peter Thiel and his Founders (Venture Capital) Fund, have invested hundreds of millions of dollars of cryptocurrency . The news popped Jan. Bitcoin futures above key resistance at 14,500-15,000, which represents both the prior rally high and its Dec.- Jan. resistance line. The ability of Jan. Bitcoin to sustain above 14,500 greatly increases the likelihood of upside continuation towards a revist of the 12/27 recovery rally high at 16,70...

CBOE

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The Australian Dollar registered losses of 0.37% against the US Dollar on Monday, amid rising US Treasury yields that underpinned the Greenback. An upbeat market sentiment could not boost the high-beta Aussie Dollar, which tumbled below the 0.6700 figure. As the Asian session begins, the AUD/USD trades around 0.6668.

AUD/USD News

EUR/USD eased from 1.0880 on Monday as looming rate differential weighs

EUR/USD eased from 1.0880 on Monday as looming rate differential weighs

EUR/USD eased back from 1.0880 on Monday as talking points from Fed officials weighed on otherwise quiet market flows. Broader markets are keenly anxious for signs of a rate cut from the Fed, but central planners continue to force down expectations with a tricky inflation outlook hobbling the Fed’s options on rate moves.

EUR/USD News

Gold price retreats after hitting record high at $2,450

Gold price retreats after hitting record high at $2,450

Gold price extended its gains on Monday, yet it trades slightly below the all-time high of $2,450 reached during the Asian session amid increasing expectations that major central banks, including the Federal Reserve, might ease policy during 2024. 

Gold News

Digital asset weekly inflows jump over 600% following response to CPI report

Digital asset weekly inflows jump over 600% following response to CPI report

Coinshares weekly report of digital asset flows shows that crypto assets witnessed more than a 600% increase in net inflows last week after US Consumer Price Index saw a softer-than-expected inflation increase.

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Will the commodity boom last?

Will the commodity boom last?

The gold and copper price both hit fresh record highs on Monday. The market is sensitive to these two metals because gold is considered an inflation hedge and a safe haven, and because copper is a metal that is linked to global growth.

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