Bitcoin surges past $56,000

Tesla Bitcoin

Bitcoin has surged past $56,000 thanks to Elon Musk investing more than $US1.6 billion into the crypto currency. Further to this he announced that Tesla will also begin accepting bitcoin as a form of payment for its products in the near future. Following this announcement we saw the price of Bitcoin reach $56,078.41. This move […]

Learn To Trade Forex Webinar

  Learn how to trade forex from a profession money manager, Michael Harding. Learn how to: – Trade using proven trading strategies – Use Risk Management strategies to protect your trades – Pick the right times to enter and exit a trade And much more. Don’t miss out. –Michael’s Experience– Started trading in CFDs in […]

Mark Coe – Market Research Analyst

Research Analyst

Asia Capital Markets is pleased to welcome Mark Coe as our new Market Research Analyst. With a wealth of knowledge and experience we are honored to have Mark and his team at MCC Capital Advisers partner with the ACM family. Background of Mark Coe Mark Coe is the founder of MCC Capital Advisors LLC. He […]

US Consumer Sentiment

Traders sit stranded as they wait for the Michigan Consumer Sentiment numbers to sail in. Not much change is expected with optimism dropping due to caution surrounding corona. People will await the election result to see what will come of the economic policy for 2021. Expectations show that the MCSI will increase to 80.5 from […]

Bulls take charge on RBA decision

The bulls have charged through resistance and looking strong for the day. With the RBA deciding to keep the interest rates on hold at 0.25% we see the AUD/USD hovering around 0.7200. All eyes will be on the Federal Budget where tax cuts are expected to be announced. Technically the pair looks strong to hold […]

EUR/USD struggles amid mixed German PMIs

Euro is struggling to break support set at 1.1700 after German PMI reports came in mixed. With the dollar continuing it’s run up we can see the sellers taking out 1.1700 and beyond. With Powell due to speak and PMI prints are due keep an eye out for further entrancement to 1.1500. #German #PMIs #PMI #EURUSD […]

8 weeks and counting. Gold is on fire

Just when you though it couldn’t go any hire the bulls line the street and take charge picking up everything around the $2000 mark. Already on an 8 week rally, bullish traders take bids near $2020. Once again proving to be the safe haven for traders and investors alike, the yellow metal has risen more […]

US ISM Manufacturing figures

The US’ manufacturing sector performs better than the market expectation of 53.6. Beating June’s PMI’s performance of 52.6 and rising to 53.6. So far we see the market reacting positively by pushing the currency to 93.75.

Gold Holding Near All Time High

MARKET INSIGHTS

After strong rallies and hitting levels never seen before, gold hold steady around $1940-$1945. Not much has changed since our last update. The US and China tension and the increase in COVID-19 cases has given the precious metal a cushion to lay on. Key Technical levels For the Bears A look at the previous high […]