A world of Trading assets

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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

12/02/2021 Market Chat

Authored by ZanderVanDerMerwe
12.02.2021
Market Commentary
0
1 min

Bitcoin edged higher as it hit $49 000 on the back of Tesla announcing that they invested heavily in the cryptocurrency, another institution followed Tesla’s lead as BNY Mellon announced that they are the latest firm to embrace the adoption of the cryptocurrency. As the adaptation of Bitcoin becomes more widely accepted companies like Visa and Mastercard made statements that they are working on the adaptation of the crypto market.

The lackluster week comes to a conclusion with another less than thrilling day on the economic calendar with no high impact events on the horizon. Consider it the calm before the storm as we gear up next week with a plethora of high impact events are set to be released.

Authored by ZanderVanDerMerwe
12.02.2021
Market Commentary
0
1 min

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