The more I watch this the funnier it gets. Really glad to see it exploding on social media today. Hats off to our amazing marketing and PR teams for continuing to hasten crypto awareness in a fun and friendly way.
Today’s Highlights
Traditional Markets
The US session entered euphoria yesterday as American investors seemed to forget all the friction around the world and buy up stocks like they were going out of style.
However, the rampant enthusiasm has not been shared by Asian or European investors this morning. The rally has now been called into question.
Traders will be looking towards the Fed for guidance today as they release the minutes from their last meeting at 14:00 New York time.
More Brexit
While we await an update from Brussels regarding the Italian budget proposal, on the agenda for today will be Prime Minister Theresa May, who comes to express her proposals for a new exit deal
This evening’s dinner will be attended by Emmanuel Macron, Angela Merkel, and Donald Tusk, among others. However, although her speech is the highlight of the evening, apparently May will not be staying for dinner.
We should watch for updates starting from 19:00 Brussels. What people really want to see is some sort of new solution for the Irish border. This does seem to be the only sticking point left but like a Chinese finger trap, the harder politicians pull the further we get from a solution.
Tracking the strength of the Pound Sterling against the US Dollar has been pretty pointless. Due to the global nature of the Buck, the GBPUSD pair usually reflects Dollar strength more than anything. We can, however, get a good picture of the Pound by watching the EURGBP.
As we can see the pair has been in a pretty solid range over the last year and is now near the lows.
Crypto Stability
