Currency Market
Currency Market
Chapmans share price
Why Chapmans Ltd Share Price Jumped Higher Today
Chapmans share priceAt the time of writing, shares of Chapmans Limited are up by 14.29%, to 0.8 cents, in today’s trading. Last week, Chapmans raised AU$4.552 million, comprising of AU$1.59 million in equity and AU$2.962 million in unsecured convertible loans due at 30 June. Chapmans used the funding to acquire a 19.99% stake in GPU.One, a profitable data processing and cryptocurrency company.
Why Bitcoin’s Price Climbed More Than $1,000 Overnight
Bitcoin price riseThe price of bitcoin exploded overnight, rising from US$6,870 (AU$8,859.21) to US$8,034.17 (AU$10,360) in an hour, according to prices quoted from Coindesk. There’s no one specific piece of news that can be pointed to as being solely responsible for the sudden jump. Instead, it seems that a number of factors came together at the same time.
Gold to Break Out?
gold to breakout?While the US dollar index broke down through support in January this year, Gold did not follow. It still had a bit more work to do. In my view, gold’s move higher is just a matter of time. Many gold stocks have already performed strongly. If you want to profit from this potential move, you need to position yourself now.
Larry Kudlow Thinks You Should Buy US Dollars and Sell Gold
US dollar and goldIt was interesting to hear Trump’s new economic adviser Larry Kudlow, say on CNBC last week that he would ‘buy king dollar and sell gold, that’s the trade that I love’. All this spending is going on not at a cycle low when government largesse is most needed. No, it’s happening right at the tail end of a historically long expansion.
The Big Problem with the Global Economy
global economy problems stemming from trade warsThe latest news to worry investors is the prospect of a trade war. The big problem here is that the post-Second World War global economy isn’t really designed for balanced global trade. It was for a little while. But as the US began to consume more than it produced in the 1960s, gold started leaving Fort Knox to balance the tab.
The ‘Magic’ of the Aussie Dollar
aussie dollarAustralia, as an investment destination, suffers from an increase in risk perceptions. Foreign capital is less willing to invest here, or buy debt issued by the banks to fund the mortgages of Aussie battlers. As a result, the Aussie dollar falls. However, the ‘magic’ of a falling dollar is that it increases the purchasing power of foreign currency.
Watch These Two Chinese Economic Indicators
chinese economy indicatorsAmongst all the panic and hand-wringing over what the volatility of the past week means, we haven’t heard much about China. Which is kind of crucial, especially for Australia. Put simply (and accurately) if China holds up, Australia will be fine. So, is China holding up?
The End of the Strong Aussie Dollar
aussie dollarThe Aussie dollar is getting a boost from stronger commodity prices. Recent price rises have helped push the dollar higher. The Aussie dollar has had a strong start to the year. However, it may be more cyclical than anything to do with the underlying strength in the Aussie dollar.