Bitcoin and the China news and Oil at a 3 year high
Ed Moya, Senior Market Analyst at OANDA joins us to focus on the cryptocurrency and oil markets.
Starting with the news out of China on Friday, banning cryptocurrency transactions. The price dropped on the back of the news however has recovered a portion of the drop and is only down a couple thousand dollars currently.
When it comes to oil, which is now trading at 3 year highs, we look ahead to further near term catalysts. Another consideration that not many are discussing is the impact a spike higher in oil could have on the current economic recovery.