Hi investors, it’s this week in forex, cryptocurrency and stocks I’m Kiana Danial founder of the Invest Diva movement and I’ll give you your 5-minute overview of these markets in just a moment, but before we get started, remember that investing in the financial markets involves risk of loss, and you should only invest the money that you can afford to lose. Make sure to calculate your risk tolerance before selecting the assets to invest in. Stick around until the end of this short video for all the awesome updates and give it a thumbs up and share it with anyone who’s interested in investing. Your mom? Sister? Cousin? BFF? Send it their way :)
Forex Financial Updates
Following some disappointing reports towards the end of last week, the American Dollar worked its way towards the bottom of the forex rankings. This week, we’ll keep a close eye on statements coming from Fed Chair Jerome Powell. We’ll also monitor whether the United States and China can finally settle their trade disputes, which could potentially cause the dollar to rally.
North of the border, the Canadian Dollar fared even worse, mostly thanks to lower crude oil prices and other Loonie-related risks. On the other side of the pond, the Euro did not do much better. Meanwhile, the Pound remained somewhat steady. As the hard Brexit deadline continues inching closer, traders are waiting to see which exit scenario is most likely to play out.
In Asia, the Yen performed remarkably well as traders looked to invest in a relatively low-risk currency. Given current geopolitical factors, the Yen will likely remain among the world’s top performers. The Australian Dollar also fared quite well, even in the face of rate cuts delivered by the Royal Bank. The Kiwi enjoyed a late-week rally. This week, we’ll see which global currencies will benefit from the remaining third quarter reports.
Crypto Investing Updates
It’s been a rough few weeks for the cryptocurrency industry, which has seen Bitcoin lose more than a quarter of its value in less than one month. However, things are beginning to look up for Bitcoin holders, who are currently enjoying a mild upswing to open the week. As we typically recommend for coin holders, holding the currency is probably a wise decision.
Libra, Facebook’s newest crypto project, has experienced a new wave of criticism and widespread loss of support. In addition to private American companies, such as PayPal, MasterCard, and Visa indicating they will no longer support the coin, Libra has also lost support from key regulators in Europe. Unsurprisingly, the launch date for Libra continues to get delayed.
Elsewhere, British regulators are cracking down on currencies that appear to lack transparency. On a brighter note, the NBA’s Sacramento Kings have introduced a new fan loyalty program that delivers new tokens to loyal fans. We’ll see if this program inspires others like it throughout the sporting world.
Stock Investing Updates
Last week was a volatile week in the stock market, with most indexes experiencing major drops to open the week, followed by rallies towards the end of the week. For most diverse portfolios, the week itself was a bit of a wash. The volatility has been largely attributed to uncertainty about tariffs and some disappointing Q3 reports, especially in the manufacturing and automotive sectors.
Elsewhere in the market, WeWork has experienced further issues following their failed IPO, creating increased uncertainty for the company’s future. The bond market has also experienced some issues, largely due to increasingly volatile repo rates. This week, we’ll see how stocks tied to GE, HSBC, and others perform following major staff and pension cuts. We’ll also pay attention to how the renewed rise of index funds affects fund manager’s risk management strategies.
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