Trial now
US EURODLR OPTIONS

Late Trade

USDJPY TECHS

Bullish Engulfing Reversal Still In Play

FOREX

Will The CHF Strength Drag Down Swiss CPI?

EURGBP TECHS

Short-Term Outlook Remains Bullish

US
  • Both are likely to rally even as the Federal Reserve moves to taper asset purchases according to Senior Portfolio Manager Troy Gayeski
  • "We're going to stick to Bitcoin and crypto because we just think there's more upside," While there's more volatility, "you're going to capture a little bit more juice than you will in gold from that same phenomenon"
  • The firm's Bitcoin fund is up 51.2% since its inception in late December through to June 1.
  • Notes all fiat currency alternatives have gone through substantial corrections and are much better placed to handle the eventual taper and gradual slowing of money supply growth.
  • Also says Gold has established a floor, and with a lot of taper concerns having been pulled out of the market, the probability of gold continuing its uptrend to make news highs over the next year is fairly high
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com