One way to get exposure to cryptocurrencies is through ETPs and ETNs which are exchange-traded instruments tracking the performance of an underlying cryptocurrency. We offer exposure to multiple cryptocurrencies through these, and it may be difficult to distinguish the key features of the different cryptos. In this article we describe...

The chart on the left shows the daily timeframe of XAUUSD. It’s in the neutral area between the lower and upper blue bands. However, peaks and troughs are lower, hinting at a bearish bias. The right chart shows the hourly timeframe the EMAs look to be crossing bearishly and the...

The chart on the left shows the daily timeframe of FXCM’s USDOLLAR basket. It is in the bullish area between the upper red and upper blue. The right chart is the hourly timeframe. It has pulled back to the 50 retracement of the last major impulse up. The stochastic has...

Markets are in a positive mood as the energy price spike has partially reversed, the US debt ceiling issue looks to have been punted down the road a couple of months, and as long term yields are orderly. Hard to believe that the market can have its cake and eat...

Today a look at the significant sentiment shift as a number of issues dogging market confidence have suddenly cleared, if possibly only temporarily, especially the direction of energy prices after a statement from Russian president Vladimir Putin on supplying the market. As well, US Congress looks set to kick the...

Risk sentiment made a comeback yesterday as some of the issues most intensely dogging the market saw some relief yesterday, including an enormous correction from new very high levels in EU natural gas prices as Russian leader Putin said that Russia is ready to help stabilize the gas market with...

The bond market is telling us that inflation will drive monetary policies going forward. We expect 10-year yields to remain rangebound between 1.4% and 1.6% in the US until the debt ceiling crisis has found a resolution. In the UK, Gilts remain vulnerable to inflationary pressures as they enter a...

The global energy crisis continues to gather momentum, and since the Chinese government issued its "whatever cost" order last week, the price of Dutch TTF gas, the European benchmark had by early Wednesday surged more than 80% to EUR 155 per MWh, before witnessing a sharp correction to EUR 115,...

Volatility in equities is on the rise due to the global energy crisis and Chinese growth slowdown. We go through the different ways to reduce market risk in the portfolio.Given the ongoing global energy crisis and its potential ramification for future inflation and an interest rate shock it is prudent...

The Reserve Bank of New Zealand hiked rates 25 basis point as expected to initiate a new hiking cycle, indicating more hikes to come. But the market had fully priced both the hike and the guidance and NZD dropped in the wake of the decision. Elsewhere, the US dollar is...