Cryptos hope of a recovery waning & Stocks volatility spooks investors

3 min read

The week started off on optimism of a trade truce between the two biggest economies of the world (U.S/China), but the dead-cat bounce in the Equity markets quickly reversed direction to end the week lower with an added worry of a Global Economic slowdown as dictated by the data that came out of China & EU. Cryptos grind lower all week Bitcoin (BTC)¬†trading below $3300 at the time of writing. Greenback on the other hand held on to its strength against its counterparts with the risk off sentiment persisting. Let’s quickly review some weekly numbers from the markets before moving…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.