CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. See our full Risk Disclosure and Terms of Business for further details.

Search LOGIN

New Bitcoin ATH before Coinbase IPO





•    Nasdaq 100 hits record high, catches back up to S&P 500, Dow
•    Bitcoin and Ether hit record highs before Coinbase IPO today
•    US dollar drops after strong US bond auction pushed yields lower 
•    EUR/USD gets a lift on acceleration in EU vaccine rollout
•    GBP/USD flat as BOE Chief Economist Haldane announces plan to step down
•    Gold price gains ground as US Treasury yields fall to 3-week low
•    Oil price remains rangebound after API inventories draw
•    US to pause use of J&J vaccine due to deadly blood clots
•    US March CPI rises to 2.6%, beats expectations
•    DAY AHEAD: RBNZ policy decision, Coinbase IPO, US bank earnings


Sources: Bloomberg / FT / CNBC / Forexlive.com 


Nasdaq 100 – Daily Candlesticks

Source: GKFX / Metatrader 4 

NAS100 is back at record highs, rebounding strongly out of correction territory in the past 2 weeks. 




“If you buy things you do not need, soon you will have to sell things you need.” - Warren Buffet



*Daily closing price
↗ EUR/USD    1.1952        (+0.36%)
↗ GBP/USD    1.3752        (+0.09%)
↘ USD/JPY    109.04        (-0.31%)
↗ S&P 500    4141.17    (+0.29%)
↗ Gold        1746.35    (+0.78%)
↘ Oil (Brent)    63.01        (-0.30%)
↗ Bitcoin    59,823        (+2.94%)


Source: Investing.com




It was another day of record highs. The Nasdaq 100 index, which includes almost all of the biggest American tech companies hit an all-time-high (ATH) on Tuesday. It comes after a sharp turnaround in the fortunes of tech stocks in April, which had lagged behind in the first quarter.


Bitcoin and Ether (BTC/USD & ETH/USD) hit fresh record highs with Bitcoin overcoming its malaise around $60,000 to finally break higher, helped by enthusiasm around the Coinbase IPO this week.


The cryptocurrency exchange could be valued as high as $100 billion in its direct listing today. Crypto trading has exploded in the last year- and especially the past 3 months. Coinbase has been a big beneficiary with revenues of $1.28 billion in 2020, double the $534 million in 2019 and apparently it made $1.8 billion in just Q1 of 2021 according to an SEC filing.


The dollar was weaker on the day despite US CPI beating expectations. Bond yields were pushed to 3-week lows after strong demand for a US Treasury auction and that hurt the USD, while bolstering the gold price. The other factor is a stronger euro (EUR/USD) where Europe is starting to accelerate its vaccine rollout, bolstering hopes it can prevent another series of lockdowns in the autumn. 


Source: TradingWriters.com





*Times in GMT
01:00 - RBNZ Interest Rate Decision [0.25 % Exp vs. 0.25 % Prev]
09:00 – Eurozone Industrial Production s.a. (MoM)(Feb) [-1.1 % Exp vs. 0.8 % Prev]
14:00 - ECB's President Lagarde speech 
16:00 - Fed's Chair Powell speech 
18:00 - Fed's Beige Book

Source: gkfx.eu/trading-tools/economic-calendar