You can’t keep the crypto craze down! After doubling in little over a month before the end of the year, Bitcoin has gapped 10% higher to be well above the $33000USD per coin level this morning
Definitely NOT a bubble – this is the monthly chart:
Meanwhile, gold is being pulled along, gapping above the $1900USD per ounce level in Asian trade while the Australian dollar is also seeing strength despite some speculation at The Fish and Chips broadsheet that a federal election may be called later in the year, hovering over the 77 handle going into the afternoon session:
Australian stocks are well bid as traders return to their desks, with the ASX200 now up over 1%, hitting the 6666 point level (ohh, scary) with commodity stocks leading the charge. The latest solid manufacturing PMI may have helped, with optimism baked in despite the latest COVID breakout in the Eastern states.
The PBOC put out their latest fix on the Yuan, once more firming it against the USD, with an onshore range of 6.5408, while offshore trading has cracked below the 6.50 level proper to a new yearly low:
