What is the bid / ask price?
What is the bid / ask price?
The bid and ask price (from the client’s perspective) is the highest price that a group of buyers / group of sellers are willing to pay / sell and asset for. The difference between the bid and ask price is called the spread. A variable spread occurs when the bid and ask price to fluctuate due to the demand and supply of the currency pair. In comparison, a fixed spread ensures the difference between the bid and ask price stays consistent, regardless of market conditions.
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Week ahead – PMI’s, Speeches and GDP
As the news cycle slows, with the election in the past alongside initial vaccine hype fading away, it is essential to realize that not only is the Coronavirus continuing to ravage the economy, it continues to ravage the families and lives of many around the world.
Many have turned the Coronavirus into a statistical exercise, looking into the future when we eventually look past the Coronavirus. However, it is currently a present problem, with present consequences. Keep this in the back of your head when you trade and invest. Here is your week ahead.
Stock of the week: Transurban (TCL)
With the vaccine on the horizon, I was thinking about an industry that should indirectly benefit from an increase in worldwide economic activity. For example, we can safely assume that airline equities will rally on the back of confirmation of a working vaccine. However, ancillary services to airlines should follow through with the airline rally, for example, companies who make the food for the airlines or airports.
Bitcoin – $60,000 and beyond?
There’s a saying the markets have adopted over time: “Buy the rumor, sell the news.” And the cryptocurrency market is no exception. Bitcoin has recently propelled itself to $18,000 – with minimal coverage on the news if we compared its coverage in 2019. However, another rule that I personally go by – If your mum is talking about it, it’s a strong signal to sell. By “Mum,” I mean anyone who generally is not associated with the specific market.
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