It’s day two of the Blockchain Expo and it’s been a lot of fun meeting so many of our clients and everyone else at the conference. Today I will be going from booth to booth to understand all the different projects and brands presented here.
One thing that I found quite useful was a Blockchain Scorecard print out from Blockchain Market Journal that helps people assess any ICO they may be considering.
We’ve heard many regulators around the world advocate that the crypto industry impose some sort of self-regulation. So it’s good to see these types of materials popping up, that help people asses the risks of various digital assets for themselves.
Today’s Highlights
Traditional Markets
The Dollar continues to dominate the markets gaining value against all the other major currencies, stocks, commodities, and even cryptocurrencies.
With everything that’s happening, it seems that people are searching for some sort of safe haven and many are finding it in the buck at the moment.
Here we can see the US Dollar index’s rise from the lows in late April. The overlays are Gold (in green) and Dow Jones (in blue)
The precious metals are performing particularly poorly as gold and silver have declined quite steadily over the last few days. Many metals are now at their lowest points of the year.
Nice Range
One chart that I found interesting this morning is that of Copper, which is now trading in a perfect range (yellow lines). Also note on the chart the purple circle, which is showing the surge in copper immediately following Trump’s election at the end of 2016.
For those trading copper, also note that the contracts traded on eToro expired yesterday. So any position that you open today can be held for up to two months.
What Else?
Today we should get some nice volatility surrounding the release of the U.S. GDP data at 8:30 AM in New York.
