Category: Daily
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Daily Broad Market Recap – October 7, 2024
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No big data? No problem! Markets started the week higher after Friday’s non-farm payrolls (NFP) report, but it wasn’t long before concerns about tensions in the Middle East, diminishing chances of a Fed rate cut, and upcoming US CPI and PPI data weighed on risk assets. . Here’s how individual…
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Daily Broad Market Recap – October 3, 2024
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Caution ahead of Friday’s US non-farm payrolls report may have kept overall volatility in check, but asset-specific catalysts could still bring some movement to major markets. So, what were the headlines that stole the show on Thursday? Let’s break it down below: Titles: Bank of Japan Member Asahi Noguchi It…
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Capital Daily sees further GBP decline amid BoE policy stance By Investing.com
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The British pound on Thursday saw a significant decline, which Capital Daily analysts attribute to a combination of factors including the Bank of England’s (BoE) dovish monetary policy outlook, the currency’s high valuation, and extended speculative positions. The pound’s more than 1% drop against both the US dollar and the…
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Daily Broad Market Recap – October 2, 2024
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Data flow has been relatively light in recent trading sessions, but that hasn’t stopped a handful of asset classes from making big moves. The US dollar and Treasury yields got a little support from another upbeat key jobs indicator, while the energy commodity took cues from inventory data. Check out…
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Daily Broad Market Recap – October 1, 2024
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Volatility was relatively weak for most asset classes early with the exception of crude oil, where geopolitical headlines were front and center, before risk-off flows picked up. Meanwhile, mixed leading US indicators, namely the ISM Manufacturing PMI and JOLTS employment data, continue to end net positive for the dollar. Here…
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Daily Broad Market Recap – September 30, 2024
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Monday was mixed for most asset classes, before dollar pairs were able to find a clear direction during Fed Chairman Powell’s speech. Commodities found themselves on shaky ground after China published gloomy PMI numbers, however global stocks managed to control losses. Here are other updates you should know about! Titles:…
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Bitcoin Investors Net $456 Million In Daily Profits As BTC Prepares For Major Rally
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Bitcoin has crossed the critical $65,000 resistance level after several days of bullish price action and growing optimism following last week’s interest rate cuts. This impressive move has excited analysts and investors, who are now speculating about higher prices in the coming weeks. The recent rally, fueled by renewed confidence…
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Bitcoin Investors Net $456 Million In Daily Profits As BTC Prepares For Major Rally
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Bitcoin has crossed the critical $65,000 resistance level after several days of bullish price action and growing optimism following last week’s interest rate cuts. This impressive move has excited analysts and investors, who are now speculating about higher prices in the coming weeks. The recent rally, fueled by renewed confidence…
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Daily Broad Market Recap – September 26, 2024
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Markets got an extra dose of risk appetite thanks to another batch of stimulus measures from China. Meanwhile, the Swiss National Bank (SNB) announced its third consecutive interest rate cut and hinted at more to come. How did your favorite asset classes perform? Titles: Broad market price movement: Dollar Index,…
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Daily Broad Market Recap – September 25, 2024
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The lack of fresh catalysts led to pullbacks and potential profit-taking among major assets on Wednesday. What market themes have moved your favorite assets anyway? Let’s discuss! Headlines: Australia’s inflation broadly cooler but still elevated in August Bank of Japan Core CPI It remained at 1.8% year-on-year as expected in…
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Daily Broad Market Recap – September 24, 2024
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Central bankers were in the spotlight yesterday, and the lack of high-profile data releases facilitated a repricing of monetary policy biases across major assets. What headlines influenced the price movement of major assets? We have the details! Headlines: China announces a series of stimulus measures Which includes reducing the reserve…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Daily Broad Market Recap – September 19, 2024
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It was another busy day as traders digested the latest Fed rate cut, the Bank of England’s decision to hold steady, better-than-expected US data, and developing stories in the Middle East. What assets benefited from Thursday’s headlines? We discuss them below! Headlines: New Zealand GDP Shrank by 0.2% in Q2…
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Daily Broad Market Recap – September 18, 2024
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With the Federal Reserve announcing a further 0.50% rate cut and proposing further monetary easing, how did financial markets react to the news? Have we seen a uniform reaction across major asset classes or are other headlines taking the spotlight? Check out the latest market updates! Headlines: New Zealand’s current…
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Dogecoin Daily Transactions Reaches 2-Month High At 1.93 Million, What This Means For Price
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Dogecoin price action is lackluster It may change very soon. On-chain data also points to increased activity behind the scenes. In particular, on-chain analytics firm IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the number to its highest point since July. Doug has It’s not broken…
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Dogecoin Daily Transactions Reaches 2-Month High At 1.93 Million, What This Means For Price
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Dogecoin price action is lackluster It may change very soon. On-chain data also points to increased activity behind the scenes. In particular, on-chain analytics firm IntoTheBlock revealed a surge in daily transactions on the Dogecoin blockchain, pushing the number to its highest point since July. Doug has It’s not broken…
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Daily Broad Market Recap – September 17, 2024
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Markets still look uneasy ahead of this week’s FOMC decision, with correlations between markets appearing to be in disarray even as the US dollar welcomed the bullish surprise in core retail sales. Crude oil prices were volatile while gold prices retreated from their all-time highs. Meanwhile, stock indexes closed almost…
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Bitcoin ETF By BlackRock Registers First Daily Net Inflow In 3 Weeks: What To Know
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This article is also available in Spanish. BlackRock’s iShare Bitcoin Trust (IBIT) recorded its first daily net inflow in three weeks, leading U.S. exchange-traded funds (ETFs) to see a combined net inflow of $12.8 million, Data From Farside Investors confirms this. BlackRock’s Bitcoin ETF Attracts Net Inflows, What About Other…
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Daily Broad Market Recap – September 16, 2024
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Financial markets are mixed as traders prepare for the Federal Open Market Committee decision later this week while Chinese banks remain closed for the Mid-Autumn Holiday. So far, the US dollar is heading towards its lowest levels this year while gold is hovering near its all-time highs. Find out the…