I was wondering - for afterhours and weekend trading, when the indices are closed, what're the price movements actually based on?
For example, I discovered that there's weekend trading for the DJI just a while ago. Without having known this, I'd just have looked at the open on Monday and saw this it had gapped down (as expected).
Under the hood, what's causing these changes in prices? I was under the (presumably wrong) impression that when the market is closed, no trading can take place and hence there wouldn't be changes in price.
The same would apply for stocks where after hours trading is allowed (e.g. Netflix, Visa where it says "all sessions").
Thanks so much in advance and best of luck to everyone this week ahead!
UK Central Bank Chief Sees Digital Currency Displacing US Dollar as Global Reserve
This is an interesting article.
Countries around the world are seriously questioning the USD's position as the world's reserve currency. It may not be Bitcoin or any Cryptocurrency first that replaces the USD but if there is any digital currency which replaces the USD then it will certainly be an interesting stepping stone towards the path of such a possibility in the years to come. I am talking of in the next twenty years or so. I do not expect anything imminently or even in the next five to ten years.
This is a very interesting article and worth a read if you are interested in 'Crypto' from an investment perspective.
Crypto Funds Are Outperforming – You Shouldn’t Be Surprised
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