The pound gave us a valuable lesson in contrarianism this week, says John Stepek. Plus, MoneyWeek’s charts that matter, and what they tell us.
The pound has slid to its lowest level against the euro since 2009. But forex markets are notorious for overshooting and then snapping back quickly.
As the US dollar weakens, it pays to understand why it was so strong in the first place – and what’s changed, says Sean Corrigan of Cantillon Consulting.
You may have steered clear of bitcoin, believing the digital currency to be in a bubble. But as Matthew Lynn explains, that doesn’t mean you won’t get burned.
The South Sea Bubble of 1720 arose out of an innovation in finance. Is blockchain heading down the same path, asks John Stepek.
Anyone visiting the continent this summer will have been in for a rude shock at the cash till, says Dominic Frisby. But the pound won’t stay down forever.
There’s no doubt bitcoin is a bubble. But fear of missing out is trumping the fear of losing money. The top could be a long way off yet, says Dominic Frisby.
The US dollar matters. And it has reached a turning point, says John Stepek. Where it goes next could shape the markets for months to come.
The mania in cryptocurrencies is one more proof of the prevalence today of financial naivety.
US stockmarkets might be performing well, but the same cannot be said for America’s currency. The US dollar index slid 2.9% last month, its fifth losing month in a row.
The hype about digital currencies is growing – but wise investors should steer clear of this unregulated world of financial scams, says John Carter.