Market News

The Pound Sterling steadied during trade on Monday after Friday’s disappointing showing.

Bitcoin futures (XBT) were first traded over the weekend on the Chicago-based CBOE Global Markets exchange, but their price skyrocketed from an opening of $15,460 on Sunday evening to a high of $18,700 in only a few hours.

The US Dollar edged higher during Asian trade today; the US Dollar Index is poised to record a gain for the week against a weighted basket of its peers.

The Pound Sterling remained close to an 8-day low as FX traders monitor the latest Brexit related developments.

Bitcoin rose to over $14,000 on Wednesday afternoon, less than 24 hours after crossing the $12,000 mark.

The possible shutdown of the US federal government has spooked investors and pushed the Dollar broadly lower as a result.

Bitcoin broke the $12,000 for the first time during Wednesday’s Asian trading session, smashing that barrier and continuing its upward climb to trade at $12,367.61 as of 2:16 p.m. HK/SIN, according to Coinbase.

The Pound Sterling fell against rivals after markets were disappointed with the latest news on the Brexit negotiations.

Asian stock markets were mixed on Tuesday following a choppy session in New York on Monday and after news that the Reserve Bank of Australia kept its cash rate stable at its December policy meeting.

The US Dollar was broadly higher on Monday after the US Senate approved legislation to overhaul the controversial US tax reform code.

The U.S. dollar gained against most of its primary trading partners on Monday morning, hitting two-week highs after the Senate passed its highly-anticipated tax bill over the weekend.

This week will see a reasonably busy news agenda, with the key items coming as key economic data releases for the U.S. Dollar including the Non-Farm Payrolls.

The US Dollar had edged up against the Japanese Yen and earlier hit a 10-day peak as investors’ optimism seemed to be growing on hopes that President Trump’s tax reform will move toward approval in the US Senate.

On the last day of the trading month, the US Dollar Index is poised to record a loss for the month with wary investors keeping a watchful eye on the passage of tax reform legislation in the United States Senators could vote today on the bill.

All eyes may be on bitcoin, but it seems that for many traders it’s been “eyes on, hands off” in the past few trading sessions.