Category: Daily
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Daily Broad Market Recap – September 9, 2024
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No big data? No problem! Pullbacks from the previous week’s moves and positioning ahead of potential market moves this week sent traders pushing major assets all over the charts on Monday. What headlines dominated the market’s price action anyway? Let’s take a look at them: Headlines: Japanese bank loans Growth…
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Daily Broad Market Recap – September 5, 2024
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Global assets returned to trading everywhere on Thursday, as individual catalysts pushed them higher. In the US, mixed labor market updates led to a volatile trading environment and ultimately a weaker US dollar. How did your favorite assets trade yesterday? We have the details! Headlines: Average cash income in Japan…
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Daily Broad Market Recap – September 4, 2024
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Market correlations were out of sync on Wednesday, as major asset classes appeared to respond to their individual catalysts. Forex price action was mostly chaotic as well, although the US dollar was generally weaker throughout the day. Here are the latest economic updates and headlines that pushed markets higher: Headlines:…
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Daily Broad Market Recap – September 3, 2024
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The return of US and Canadian traders directly from the Labor Day holiday has brought a surge of volatility to financial markets. How did the major asset classes perform? Find out the latest economic updates and market headlines that drove prices higher: Headlines: Australia’s current account deficit The deficit widened…
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Daily Broad Market Recap – September 2, 2024
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US and Canadian traders were enjoying the Labor Day holiday on Monday, but that didn’t stop global markets from making big moves! Crude oil saw a wave of volatility, falling sharply over the weekend, but eventually rallied to close in the green. Check out the headlines that drove the rest…
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Daily Broad Market Recap – August 29, 2024
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Financial markets have been eagerly awaiting the release of the preliminary US GDP data for most of the day, and the numbers did not disappoint! Upgrades to growth and inflation figures were announced, sparking risk-on flows and some gains for Treasury yields and the dollar as well. Read on for…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Daily Broad Market Recap – August 28, 2024
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The lack of major data has kept traders focused on overall risk sentiment and positions ahead of this week’s expected data releases. Commodities such as gold and oil continued to decline, while the US dollar gained against most of its peers. Find out what headlines are making waves among major…
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Coinbase’s Base Blockchain Surpasses 1 Million Daily Active Addresses, Outpacing Competitors
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Base, a layer 2 blockchain built on the Ethereum Virtual Machine (EVM), has reached a significant milestone – surpassing 1 million daily active addresses. The cryptocurrency landscape has undergone a remarkable transformation in recent times, with innovative blockchain solutions such as Core Network These networks emerged to meet the growing…
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Coinbase’s Base Blockchain Surpasses 1 Million Daily Active Addresses, Outpacing Competitors
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Base, a layer 2 blockchain built on the Ethereum Virtual Machine (EVM), has reached a significant milestone – surpassing 1 million daily active addresses. The cryptocurrency landscape has undergone a remarkable transformation in recent times, with innovative blockchain solutions such as Core Network These networks emerged to meet the growing…
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Daily Broad Market Recap – August 27, 2024
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No data? No problem! With not much significant data scheduled to be released, traders turned to market themes yesterday and priced in their biases for the upcoming reports due later this week. How did you trade your favorite assets anyway? Headlines: Bank of Japan Core CPI Growth slowed from 2.1%…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily Broad Market Recap – August 26, 2024
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Markets started the week on a quiet note as traders remained on the sidelines waiting for potential catalysts this week. But crude oil was an exception, crude oil prices went up and haven’t looked back! Find out what market topics moved the markets on Monday: Headlines: Over the weekend, Israel…
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I earn Sh1,500 daily. How can I budget so that I can save for my own matatu?
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I am a public service vehicle driver living in Eldoret. I earn 1500 shillings daily, which is 39000 shillings monthly. I get paid daily. I have a wife and three children. Two of my children are in government primary school (grade 5 and 3) while the last born is starting…
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Daily Broad Market Recap – August 22, 2024
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Profit-taking was the name of the game on Thursday as major assets reversed their trends for the week ahead of Powell’s keynote speech on Friday. Spot gold and the S&P 500 continued to trade lower near record highs, while U.S. bond yields and the U.S. dollar recovered despite mixed U.S.…
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Daily Broad Market Recap – August 21, 2024
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Just when the US dollar seemed to be in recovery mode, it posted another day in the red thanks to two major catalysts. How did the rest of the markets perform? Here are the top economic headlines and updates you need to know: Headlines: Japan’s trade deficit in July The…
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Daily Broad Market Recap – August 20, 2024
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Risk aversion has returned to the markets in recent trading sessions, sending stock indices lower again and pushing gold to test record highs. However, the US dollar failed to make safe-haven gains, as the greenback fell to its lowest level in a year. Check out these headlines and economic updates…
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Daily FX Market Review: U.S. Dollar Hits Its Lowest Point of the Year!
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The US dollar hit its lowest level this year on Tuesday as market participants awaited the Federal Reserve’s next interest rate cuts. The dollar fell to levels not seen since early January, reflecting expectations that the U.S. Federal Reserve will begin cutting interest rates next month. This decline comes in…
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Daily Broad Market Recap – August 19, 2024
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Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…