Ed Moya – ISM Data, First Republic Bank Takeover and Crypto Market Moves
Since we are all waiting for the fed meeting and statement this week my chat with Ed Moya, Senior Market Analyst at OANDA, jumps around to recap economic data, banking sector news and comments on crypto currencies.
Starting with the manufacturing data (ISM report) that while still in contraction was better than expected. We then move to the news of JP Morgan buying First Republic Bank and a discussion on the overall health of the US banking sector. Finally we move to the crypto currency space to discuss what the next catalyst could be for Bitcoin and recap the news out of MasterCard starting up a new card linked to Bitcoin.