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Crypto-Bounce Continues as Central Bankers Toy with Markets

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Crypto-Bounce Continues as Central Bankers Toy with Markets

Introduction

This article was posted on Wednesday, 14:36, UTC.

Wednesday Market Recap Asset Current Value Daily Change S&P 500 2429 0.38% DAX 12668 -0.02% WTI Crude Oil 44.27 0.07% GOLD 1253.00 0.43% Bitcoin 2534 5.13% EUR/USD 1.1335 -0.07% Yesterday’s crazy afternoon, fueled by the newest cyber threat Petya and the plunge in the NASDAQ, is a thing of the past now, as global stocks have rebounded off their lows and trade broadly higher. European shares are still underperforming their global peers, as we expected, and the DAX finally broke below its long-standing trendline possibly pointing to a deeper correction. The Euro is on a rollercoaster ride this week, thanks…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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The smaller coins have been following the majors lower in…