Cromwell FX Market View

Dollar Comes Back Strong

All major currencies lost vs the greenback as risk off continued to dominate the week. Tech stocks that started reporting moved the Nasdaq sharply lower with Netflix reporting disappointing numbers. This move lower also moved Cryptocurrencies with it. The week ahead sees Tesla and Apple report.   Euro was weakened by dovish ECB comments even…

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Digital Asset Insights #51

Ripple Pushing Hard at SEC Like Never Before, States Jake Chervinsky, Head of Policy at US Blockchain Association

It is quite important the world understands that Ripple, together with the XRP army, are hitting hard at the U.S. Security and Exchange Commission (SEC) like never before. Jake Chervinsky, the U.S. Blockchain Association’s policy chief, has stated in a recent tweet that irrespective of how the crypto community views Ripple as a company, there are several…

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The Old Man’s Views

Fruit machines ain’t finance

I came into the cryptocurrencies looking for additional products to hedge against inflation and economic decline.   What I found …was a minefield.   I appreciated the ideology behind Bitcoin, and I realised volatility was a significant issue. I also understood how the blockchain worked with miners, proof of stake, and proof of work. I…

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Cromwell FX Market View

Dollar Stalls Despite Fed

With a slightly shortened week the markets started the year risk on as Omicron fears faded however with the Fed giving a more hawkish outlook stock indices suffered a deep pull back. Sterling was the strongest pair vs the USD, CAD made ground as Oil Prices appreciated back towards 80 USD. The hawkish tone was…

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The Old Man’s Views

Happy New Year!

At the end of the year, we had a few people disappointed because that much forecasted 100,000 on Bitcoin starting to look little more than a dream. But hey-ho, Rome was not built in a day. I am looking forward to 2022 and watching crypto markets grow and mature. However, I am not optimistic about…

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Digital Asset Insights #48

Famous Crypto Influencer Asks Crypto Community to Root for Ripple, as Ripple’s Win Against SEC Is a Net Positive for The Market

In his recent New Year video labeled “8 Shocking Bitcoin Crypto Predictions for 2022,” famous crypto influencer and investor Lark Davis reaffirms that the SEC lawsuit against Ripple is an attack on crypto in the US. He strongly believes that Ripple’s win against SEC will become a net positive for crypto. Davis comprehensively spoke about what the crypto…

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The Old Man’s Views

The Old Man Looks Back on 2021

Firstly, I hope you all had a wonderful Christmas. Omicron upturned my Christmas plans, but we all got through it safely.   We are about to enter another year of government restrictions and lockdowns, and it’s just not good enough.   “5-weeks to stop the pandemic” has become 2-years, and we are still being screwed…

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Cromwell FX Market View

Dollar Shines… Eventually

The week saw a slew of central banks reporting surprises. The Fed indicated that next year there will be up to 3 interest rate rises, followed by the Bank of England raising interest rates. Then the ECB reported in less dovish tones than the market expected Eventually it took a late sell off in stocks…

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Digital Asset Insights #46

BBVA Switzerland becomes the first traditional bank in Europe to add Ethereum to its crypto offering

The Swiss division of the Spanish banking giant, Banco Bilbao Vizcaya Argentaria (BBVA), became the first traditional bank in Europe to include Ethereum into its service when it recently expanded its crypto offering and announced the addition of Ethereum to the bank’s investment portfolio. Back in June, BBVA Switzerland had initially made Bitcoin available in…

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The Old Man’s Views

Satoshi Lives!

I am rushing to get ready for a flight to the UK. Hopefully, it will take off before Boris bans all incoming flights.   As most of you are preparing for another Covid Christmas, I’ll try and keep it short so that you can get to the shops or down the pub as soon as…

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Cromwell FX Market View

Markets Put Omicron Behind Them. Temporarily?

FX markets were mixed but the general theme of risk on returned as investors temporarily put Omicron fears behind them. Commodity currencies were strongest but moves seemed more corrective. the USD remained range bound vs European majors and Yen. With additional restrictions being introduced in the UK Sterling came under pressure but soon reversed as…

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