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Australian Dollar Forecast: Can Bitcoin Prices Provide a Leading Signal for Currencies?


Australian Dollar Forecast: Can Bitcoin Prices Provide a Leading Signal for Currencies?
2021-04-14 16:45:00
Justin McQueen,
Analyst
Upside risks for Australian jobs report
Can Bitcoin Provide a Leading Signal for FX?
Among the key focal points for the Australian Dollar over the next 24hours will be the latest jobs figures scheduled at 02:30BST. Expectations are for a 35k jobs gain, with the range of estimates from 10k to 60k. Given the strong employment figures in both the US and Canada, which has historically been a good indicator for Australian jobs data (last month also proving that point), risks look to be tilted to the upside for the upcoming jobs report. What’s more, weekly payroll jobs data has continued to show signs of improvement, alongside ANZ Job Advertisements, providing an encouraging sign for a drop in the unemployment rate. ....

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Bitcoin price prediction: Why it will drop to $25k then rally to $100k


Strategic Wealth Partners Luke Lloyd told Insider he sees a massive correction ahead for bitcoin.
Lloyd said regulation fears will be the catalyst for a fall all the way to $24,000.
But he said he thinks its price will recover and surge to $100,000 by the end of the year.
Luke Lloyd is an outspoken bitcoin bull when it comes to his long-term outlook. 
So it might have come as head-scratching news to some when the investment strategist and wealth advisor at Strategic Wealth Partners said on Fox Business Varney & Co. that he d cashed out of the cryptocurrency when it hit $40,000 for the first time in January. ....

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Bitcoin at new high of $53,263 after Elon Musk defends Tesla's investment


Bitcoin at new high of $53,263 after Elon Musk defends Tesla s investment
After Musk s endorsement, Bitcoin surged to its new record high of $53,263 at 9:55 am on Friday in New York. The cryprocurrency has risen 10 per cent just this week
BusinessToday.In | February 19, 2021 | Updated 22:27 IST
Bitcoin got another leg-up on Friday after billionaire Elon Musk defended the investment by his electric vehicle company Tesla in the popular cryptocurrency. After Musk s tweet, where he called Bitcoin simply a less dumb form of liquidity than cash , the digital currency raced to a new high of $53,263.
Tesla s action is not directly reflective of my opinion. Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company, Musk tweeted in response to a tweet on sub-zero returns on cash caused by negative-yielding debt. ....

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Stock-market crash: BofA's top strategist warns of bubble developing


This story is available exclusively to Insider subscribers.
Become an Insider and start reading now.
Bank of America s Bull & Bear indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17.
This prompted Bank of America s chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing increasingly irrational price action on Wall St.
Hartnett laid out six warning signs to watch that could signal a bear market is beginning.
Investor sentiment has climbed from rock bottom in March to what is now approaching extremes on the other end of the spectrum and it s starting to worry Bank of America s top strategist. ....

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