Category: Daily
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Daily Broad Market Recap – May 20, 2024
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With not many high-level economic releases, markets focused on the Fed’s speech and other asset-specific catalysts. What headlines caught traders’ attention on Monday? We have deets! Titles: The markets of Switzerland, Germany, France and Canada are on holiday Correct movement: Average property prices coming to market in the UK Up…
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Bitcoin price surges past $70k as daily trading volume soars
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Bitcoin (BTC) rose to $70,000 on Monday, its first rise to that level in more than a month. At the time of writing, Bitcoin’s price is up 5.8% in the past 24 hours and more than 10% in the past week. This increase comes ahead of the FIT21 Act vote…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
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Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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LINK Explodes 18% Daily, BTC Maintains $66K as Bitcoin ETF Inflows Continue (Market Watch)
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Bitcoin reached a multi-week high yesterday at around $66,600 before being pushed down by around $1,000 but has recovered to the $66,000 level so far. Several altcoins continued their recent rally, with LINK taking the main stage after a massive 18% rally. BTC returns to $66,000 The underlying cryptocurrency had…
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Daily Broad Market Recap – May 16, 2024
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While the US dollar was able to establish some direction for the better part of the day, the price action was a complete mess relative to the rest of the asset classes. Treasury yields were off to a rocky start before rising steadily while Bitcoin rose and then reversed. The…
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Daily Broad Market Recap – May 14, 2024
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The markets were off to another quiet start, but this turned out to be the calm before the US PPI storm. Crude oil rose one day into the red while gold and US stocks advanced. Treasury yields and the dollar also closed lower. Read on to find out how it…
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Daily Broad Market Recap – May 13, 2024
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Markets were off to a bit of a slow start on Monday, before volatility increased and led to a mixed race for asset classes. Crude oil has rebounded from the initial slump while gold and Treasury yields have fallen. What’s up with that?! Titles: BusinessNZ Services Index April: 47.1 (previously…
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Daily Broad Market Recap – May 9, 2024
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Most European markets were closed for the holiday, but that did not stop the major currencies from recording big moves during the first-tier issues! The spotlight was mostly on the Bank of England’s monetary policy statement, as the bank decided to keep interest rates at 5.25% as expected but still…
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Daily Broad Market Recap – May 8, 2024
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Who works late because he is a merchant ̶s̶i̶n̶g̶e̶r̶? It doesn’t have to be espresso Today because we have all the details on how the major financial assets moved yesterday. With no major market movers on Wednesday, this was a perfect opportunity for major assets to respond to their individual…
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Daily Broad Market Recap – May 7, 2024
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The absence of new major market themes encouraged the asset’s price action on Tuesday. What major assets saw volatility and how did the US dollar trade on a data-light trading day? Titles: The Reserve Bank of Australia kept interest rates unchanged At 4.35%, he noted that the interest rate path…
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Daily Broad Market Recap – May 6, 2024
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Major financial assets started the week quietly as the lack of market drivers gave traders room to prepare for potential catalysts this week. How did your favorite assets perform yesterday? Titles: Caixin China Public Service PMI For April: 52.5 vs. 52.7 previously; Price indices rose. Composite PMI improved from 52.7…
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Daily Broad Market Recap – May 2, 2024
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The US dollar continued to lose points against its major counterparts, as more traders digested the less-tight-than-expected monetary policy decision by the Federal Reserve. Other major financial assets and their dollar counterparts were more variable as they reacted to the dollar’s trends and individual drivers. This is what you missed…
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Interactive Brokers Expands Offerings with Daily Options on French Stocks
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From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast From here the stent trade industry begins Finance Magnates Podcast…
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Daily Broad Market Recap – May 1, 2024
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Financial markets witnessed a mixed performance in the past trading sessions, as there were a lot of factors at play even before the announcement of the long-awaited FOMC decision. Read on to find out how it all happened! Titles: The final S&P Global Japan manufacturing PMI for April fell from…
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Daily Broad Market Recap – April 30, 2024
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It was a good day for the dollar to rise, with the greenback seeing a steady rise across the board, even before the high-level US reports came out. But how did the rest of the financial markets perform? Titles: China official manufacturing PMI for April: 50.4 (50.3 expected, 50.8 previously)…
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Daily Broad Market Recap – April 29, 2024
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The market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves! Here’s how it all went down. Headlines: Major city in southwest China (Chengdu) removed home-buying curbs to support property sector Germany preliminary CPI for April: 0.5%…