Category: Daily
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Daily Broad Market Recap – July 15, 2024
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Markets began the week pricing in an assassination attempt on Trump over the weekend, but price action quickly took cues from speculation of a Fed rate cut. Which assets benefited from the momentum, and which assets saw losses today? We have a summary for you! headlines: BusinessNZ Services Index in…
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Rolling back the years – Business Daily
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What’s the skincare secret to looking younger than your age? Some women swear by skincare products, from day and night creams to serum boosters and glow gels. They all promise anti-aging benefits like reducing or eliminating fine lines and wrinkles, firming the skin, deeply hydrating, improving skin elasticity and protecting…
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Daily Broad Market Recap – July 11, 2024
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US inflation was at the forefront of attention on Thursday, with major assets trading mixed ahead of the report and then taking their cues from the report during the US session. How did the markets behave yesterday? Our headlines and charts: headlines: The Melbourne Institute’s inflation forecast has been cut…
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BTC Falls Back to $58K After Failing to Challenge $60K, STX Soars 14% Daily (Market Watch)
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Bitcoin’s rally towards $60,000 has stalled, and the asset is back just above $58,000 after a slight pullback the day before. Stacks emerged as the best performer among large-cap alternative stocks, up 14%. LDO followed, up 7% on the day. Bitcoin price stops at $59K That was less than a…
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BTC Falls Back to $58K After Failing to Challenge $60K, STX Soars 14% Daily (Market Watch)
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Bitcoin’s rally towards $60,000 has stalled, and the asset is back just above $58,000 after a slight pullback the day before. Stacks emerged as the best performer among large-cap alternative stocks, up 14%. LDO followed, up 7% on the day. Bitcoin price stops at $59K That was less than a…
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Daily Broad Market Recap – July 10, 2024
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Risk-on sentiment appears to be in place in financial markets, with stocks and commodities closing higher while bond yields and the dollar took a hit. What is driving these asset classes lately? Here are the market updates you need to know: headlines: China’s core CPI slowed to 0.2% in June…
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Daily Broad Market Recap – July 9, 2024
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Traders continued to watch Fed Chair Jerome Powell’s testimony, but did the event move the markets that much? Here’s how asset classes are reacting, plus other economic updates you need to know: headlines: NAB Australia’s business confidence index improved from -2 to +4 in June Japan’s initial machine tool orders…
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Daily FX Market Review: JPow Reports Inflation Progress, Eyes Future Rate Cuts
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Federal Reserve Chairman Jerome Powell (“JP Powell”) Mr. Trump began two days of testimony in both chambers of Congress: the Senate Banking, Housing and Urban Affairs Committee today and the House Financial Services Committee tomorrow. In the United States, the Chairman of the Federal Reserve must report to Congress twice…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
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It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Bitcoin Solidifies at $57K While Solana (SOL) Explodes 8% Daily: Market Watch
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It was a positive day for the cryptocurrency market last week. The total market cap rose above $2.2 trillion as several coins rebounded sharply from yesterday’s lows. Bitcoin price appears to be stable, but it is important to take this calm with a grain of salt as sentiment remains uncertain.…
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Daily Broad Market Recap – July 8, 2024
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Dollar dominance was the name of the game on Monday as riskier assets like gold and crude oil took major hits. What’s moving the markets these days? Here are the updates you need to know: headlines: French early elections It ended with a hung parliament between three opposition parties. Japan’s…
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Daily Broad Market Recap – July 4, 2024
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No traders in the US session? No problem! Global stocks and commodities made big moves over the Fourth of July holiday, as the spotlight turned to political headlines. Crude oil prices rose to their highest level in about two months, while European stocks made good gains thanks to the results…
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Bitcoin Plummets to $57K, Solana Nosedives 8% Daily (Market Watch)
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Cryptocurrency markets have seen massive losses over the past 24 hours, with total market cap falling below $2.5 trillion, down 5% on the day. This comes on the back of notable declines across the board from Bitcoin, Ethereum, BNB, Solana and almost the entire market. Bitcoin drops to $57K At…
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Daily Broad Market Recap – July 2, 2024
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Global assets were pricing in their individual headlines until the US session when high-profile calendar events influenced broader market themes. What are the headlines that moved the markets during the recent trading sessions? We have a breakdown for you: headlines: Minutes from the Reserve Bank of Australia’s June meeting highlighted…
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Daily Broad Market Recap – July 2, 2024
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Global assets were pricing in their individual headlines until the US session when high-profile calendar events influenced broader market themes. What are the headlines that moved the markets during the recent trading sessions? We have a breakdown for you: headlines: Minutes from the Reserve Bank of Australia’s June meeting highlighted…
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Daily FX Market Review: JPow Says Nothing Hawkish So Dollar Falls
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Today’s interesting news in Forex came from Portugal. Speaking at a panel discussion at the European Central Bank’s monetary policy conference in Sintra, Portugal, Federal Reserve Chairman Jerome Powell said: He expressed his satisfaction with the progress made in the area of inflation. But he stressed that he wanted to…
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Daily Broad Market Recap – July 1, 2024
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The absence of surprises from the French parliamentary elections over the weekend helped to kick off the third quarter of 2024 trading on a strong note on Monday. Which assets saw notable moves at the beginning of the week? We discuss the main market drivers in detail below! headlines: Canada…
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Daily Broad Market Recap – June 27, 2024
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Major assets were all over the place until the US released generally weak data from the American middle class. Alternatives to the US dollar such as spot gold, crude oil and Bitcoin posted gains after the reports, although the US dollar managed to recover its losses against its foreign currency…
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Daily Broad Market Recap – June 26, 2024
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Dollar dominance was the name of the game, as risk-off sentiment lifted the safe-haven currency across the board while dragging commodities south. However, stronger than expected inflation data gave the Australian dollar a fighting chance. Read on to see how the rest of the major currencies and asset classes fare!…
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Daily Broad Market Recap – June 25, 2024
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Asset classes appeared to still be marching to the beat of their own drum on Tuesday, as stocks rebounded while commodities were in the red. What moves the markets these days? Titles: BOJ core CPI in May y/y: 2.1% (1.9% expected, 1.8% previous) FOMC official Bowman: We have not yet…