Delivering cutting-edge technology with bespoke solutions, built by traders for traders. ThinkMarkets has invested heavily in infrastructure to provide award winning services, with an ever-growing range of markets.
ThinkMarkets has a wide range of currency pairs with all the Majors, Minors and Exotic crosses covered. Trade Forex with us via Mobile and see the difference with our proprietary platform Trade Interceptor.
Trade on global indices markets, all the major stock indices covered including Wall St, UK 100, Nikkei 225, S&P 500, AUS 200 and Germany 30. Deal on the major stock indices with ThinkMarkets.
Spread betting is the tax-free* method to take positions on indices, commodities, metals and forex. With no capital gains tax or stamp duty you can take position on both rising and falling markets.
* Tax laws depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
Trading precious metals like Gold and Silver have been, considered by many a safe haven market. Trading metals has never been easier with tight spreads and low capital entry requirements.
Oil and Natural Gas are highly traded commodities that, with ThinkMarkets, you can trade with tight spreads and state of the art technology working hard to keep your trading safe, fast and reliable.
ThinkMarkets offers a range of powerful platforms to cater to any of your trading needs. Experience our bespoke Trade Interceptor platform or MT4. All our platforms are available on Mobile PC, Mac and web interface.
We continuously strive to provide our clients with robust tools and technology to help make your trading more intuitive and comprehensive, from advanced charting packages to premium news feeds.
Follow our market news for all the latest updates and breaking news as seen through the eyes of our expert Market Analysts.
Our comprehensive trading education materials will help you top become a better trader. Our library of videos and trading guides have been created to guide you and educate you in all areas of the markets, from beginners to advanced-level.
Posted by Ryan Case | 03/11/2017 15:30
After opening at around 6,150 on Monday, bitcoin has continued its march higher this week, trading through the 7,000 handle on Thursday and reaching highs above the 7,500 mark earlier today. This equates to gains of nearly 22% this week.
On the daily chart, a second steeper ascending trend line can be drawn off the 15 September low, which may suggest an accelerating uptrend. Furthermore, the spacing between the 10 October swing high, which came in around the 1 September high at 4,935, and the 18 October low, may also suggest a trending market.
However, the market has now extended away from the most recent trend line. A break of this trend line may lead to a market correction.
Tuesday’s move higher was accompanied by a decision by the CME Group, the world’s largest exchange owner, to introduce bitcoin futures by the end of 2017.
Exchange-traded bitcoin futures may bring many benefits to bitcoin traders and investors. Institutional investors, who have previously had limited access to trade bitcoin, will now be able to more easily access the market. This could lead to greater participation in bitcoin and also provide more clarity for traders on market positioning and sentiment, such as via Commitments of Traders (COT) reports.
Overall, this development may suggest an increased role for bitcoin in financial markets, which with a market cap of more than 100 billion dollars, is in the same bracket as stock market giants such as Glaxosmithkline and McDonald’s, although it is not a stock itself.
Key events to keep an eye out for this week include:
1. Amazon’s move into the cryptocurrency market
A CNBC article earlier this week revealed that Amazon recently purchased three new domain names: amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. Amazon reportedly already owns the Amazonbitcoin.com domain name.
Coinbase Inc. added more than 100,000 users in one day following the CME Group, the world’s largest exchange owner, announcement of upcoming bitcoin futures, according to a Bloomberg article. Continued big name adoption of cryptocurrencies, such as by one of the world’s largest retailers, could lead to an ever growing user base and possibly higher prices as demand for the cryptocurrency increases.
2. Bitcoin hard fork
Multiple news outlets have reported an upcoming bitcoin ‘hard fork’. This fork could take place on or around November 16.
Since the bitcoin gold fork took place, the market has reached highs above $150, following an opening price around $105 of on October 25.
Risk Warning: Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure.
Tax laws depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. Registered address: 2 Copthall Avenue, London EC2R 7DA. Company number: 09042646.
The information on this site is not directed at residents of the United States, Japan, France, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
© 2017 This website is owned and operated by ThinkMarkets Group.