Bitcoin (BTC) Plunges on Tesla Bitcoin Suspension, AUD/USD Spars USD Strength

Bitcoin plunged after Tesla CEO Elon Musk announced that the company is suspending the acceptance of Bitcoin for purchases. Meanwhile, AUD/USD struggles against a sharply strong US Dollar.

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US Dollar May Rise Further as PPI Data Stokes Inflation Fears

The US Dollar may continue to push higher if PPI data tops forecasts, stoking worries about runaway price growth that forces sooner Fed stimulus withdrawal.

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Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat

Crude oil prices are at risk after a surprisingly strong US CPI report. A similar outcome from PPI data ahead may further pressure WTI lower as the Colonial Pipeline restarts.

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Why a Rise in Retail Trading May Signal Another Mania

The Fed and government’s support has altered how Americans think of saving versus investing. This is acting to kindle ‘animal spirits,’ in every sense of the Keynesian fashion.

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