The Daily Bullion: crypto slides as platinum, silver bid
Altcoins lead crypto lower β GRT, Polkadot and XTZ all down over 4.7% β while platinum, palladium and silver catch a bid and the dollar holds firm.
Altcoins lead crypto lower β GRT, Polkadot and XTZ all down over 4.7% β while platinum, palladium and silver catch a bid and the dollar holds firm.
Canada's CPI slate lands at 12:30 UTC β headline m/m seen at 0.2% from -0.1%, while the Bank of Canada's three core measures are pegged to hold steady.
Brent and WTI led into the close with gains near 3%, while Tezos, Polkadot and the broader crypto board slid and the Nasdaq 100 fell 2%.
Bank of England Governor Bailey speaks at 06:45 UTC on 17 October. GBP/AUD leads sterling pairs, up 1.03%, as markets watch the BOE tone.
Bitcoin Cash leads a green crypto board while the Australian dollar sags across every major cross; silver, oil and European indices also climb.
Uniswap led a crypto slip after Fed Chairman Warsh spoke on 16 October, while silver and palladium held flat and Tezos edged higher in our feed.
Silver sank 5.7% to lead a metals rout into the New York close, while the Nasdaq 100 shed 2% and crypto turned broadly red across the board.
Silver led a broad metals selloff, sinking 5.7% as platinum and palladium slid; the dollar firmed and the Nasdaq 100 fell 2% into the London close.
Silver tumbles 5.7% and the dollar firms across the majors at the open, while Bitcoin slips to $81,782 and the Nasdaq 100 sheds 2% into the session.
US producer prices and retail sales headline a packed Thursday, bracketed by UK GDP at 06:00 UTC and overnight speeches from Bailey, Warsh and Macklem.
US CPI data landed at 12:30 UTC and smaller crypto tokens slipped broadly, with Uniswap leading an even decline across the board.
US CPI at 12:30 UTC headlines the next 24 hours, with ECB's Lagarde, the EU summit, Australian jobs and BOC's Macklem also on the economic calendar.