Hello everyone, today I am just gonna super careful about investors sentiments as that kinna taking strong hold instead of market data recently.
Some few things I believe would effect the market this week includes, China economic report; not going well and shortage for energy production. China maybe seeing some lows this week. Also you probably have heard of some new Bitcoin futures launching today. Yes, how would this affect Bitcoin in the long run. Well for it would be positive for futures contract holders as investors would prefer futures ETF to holding actual crypto wallets. I expect some rise in Bitcoin this week, followed by a gradual decline as investors begin to pull out their wallet funds into futures contract for the year end. Then also a steady increase in Bitcoin price next year.
FX TIPS TODAY:
AAPL INC ☝️
SP500 ☝️ (apple related move)
BTC/USD ☝️ (50/50 though, watch out)