Fundamental analytics

Cryptocurrencies

The price of bitcoin went sharply down on Friday as a part of broader and bigger losses in the overall cryptocurrency market that erased more than 65 billion U.S. dollar of the total value of digital currencies. 

Earlier this week we’ve discussed about what could be described as long-term trading styles (swing trading and position trading).

Asian markets were down on Friday following Wall Street’s mixed dynamic and as Treasury yields continued to rise in the previous session.

On the last day of January, European markets failed to display a certain dynamics, despite the attempts of the markets to win back Tuesday significant losses.

Cryptocurrencies

Thursday’s trading saw a marginal recovery for bitcoin and the overall cryptocurrency market from recent hard-hitting news before Facebook came into the picture with news that extended recent losses.

Asian equity indexes were mostly in green territory on Thursday, regaining positions following a previous session sell off in the light of major losses in Wall Street.

Asia: China’s Caixin services PMI for January is due for release as of 01:45 GMT.

Today, USD dollar lost yesterday's gains, as the yield of US bonds is decreasing.

AUDUSD

The Australian dollar lost 0.07 percent to reach 1.7517 per pound on Wednesday after suffering a bigger loss to 1.7567 per pound earlier today, a level last seen on January 26.  

On Tuesday, European equity markets moved to a correction decline.