Ed Moya, Senior Market Analyst at OANDA joins me to recap some of the major market news starting with the Archegos Capital’s massive margin calls from late last week. We discuss what this action means for the big picture of markets and overall liquidity. We then move to cryptocurrencies and Visa’s announcement that it will start settling transactions in USD coin (USDC). It is another use case argument for cryptos. Finally we touch on gold’s continued correction today.
Click here to visit the OANDA website and read over Ed’s daily note.