Weekly Update 5 Apr 2019
Cryptos and stocks moved higher, while currencies, bonds and commodities were mixed. The largest gains were in Bitcoin, which soared 23.6%, and Ethereum, which rose 16.8%. Palladium fell a further 2.2% to close at 32.6 grams/oz, the largest loss of the week for the second week in a row.
The Japanese Yen was the only falling national currency, down 0.4%, and the Chinese Yuan was unchanged. The USD and Euro each rose 0.5%. Bonds performed worse than cash, as short term bonds rose 0.4%, and long term bonds fell 1.2%, the second largest drop for the week.
Cryptocurrencies moved strongly higher, with the bulk of the rise occurring on Tuesday the 2nd, when a 100 million dollar order was placed for Bitcoin across multiple exchanges. The effects were felt across the crypto space. Bitcoin rose 23.6% for the week, Ethereum added 16.8%, and DASH gained 36.1%. Prices have continued to rise gradually since.
The Euro STOXX led the equities, gaining 3.4%. Gold stocks lagged, adding 1.3%. The US S&P 500 rose 2.6%.
Platinum and crude oil were the strongest commodities, gaining 6.8% and 5.5% respectively. Palladium dropped 2.2%, and copper slid 0.9%. Silver closed up 1.2%.
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