The chart still isn’t looking pretty though
Bitcoin is up about 8% to around $36,400 currently as it holds a light bounce after the drop over the weekend, which saw a low of $31,111. For now, sentiment does not appear too favourable but things can turn 180° at a snap of a finger in cryptos.

Two key charts to watch for the dollar in the week ahead
The greenback has staved off a further decline towards the end of last week and is holding steadier so far today as well. Major currencies are little changed amid holiday thin trading in Europe but there’s still much to look forward to in the

A quiet start so far but the market may still be left searching for answers by the time we start moving towards June
As things stand, the inflation debate is still the key topic right now and there won’t be much to help with that this week besides another round of Fed speakers before we get

SNB Chair Jordan spoke in an interview with Swiss newspaper Neue Zuercher Zeitung (info via Reuters) 
He says it would be completely premature to change the Bank’s very loose monetary policy, and that more could be done if necessary:

The 19-year-old who had a miraculous trading run
This is the story of Thomas, the 19-year-old trader who was working the factory night shift and trading on his phone. In a remarkable run over just four hours he turned $200 to $190,000 (CAD 250,000) and kept it all. It’s an amazing run of nerve, luck and

Forex news for North American trading on May 21, 2021
A snapshot of other markets into the close for the week:
– Spot gold is trading at three dollars or 0.16% at $1880
The price of bitcoin is heading into the weekend on a bearish note. The price is trading down around $4300 or -10.75% at $35,740. The low price today reached $35,231.99.

NASDAQ index and S&P closes lower.
The US stock indices are closed for the week. The NASDAQ index was the weakest of the majors today. The Dow industrial average closed higher. The S&P was marginally lower:

Trades down around -0.51%
The Dow industrial average is still up around 0.4% at 34212.
The S&P index is down around 4.2-0.10% at 4155.13. It’s low reached 4151.72 earlier in the day

Remarks by ECB president, Christine Lagarde
– Believes that we are in a recovery process
– But the recovery is still uncertain
– Euro area will go back to pre-virus levels in 2022
Her comments on inflation are the more notable ones here but it fits with what most policymakers – especially the Fed – have been sticking with

AUD/USD erases the slight decline from earlier to push back up to 0.7775
As such, buyers hold near-term control but will have to try and work past the swing highs yesterday at around 0.7780 first before challenging the 0.7800 level next.