Category: Recap
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Global Market Weekly Recap: July 29 – August 2, 2024
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The usual correlations between major assets were not in evidence at the start of the week as top-tier data releases sparked volatile price reactions and individual directional moves. Interest rate developments in the US, Japan and the UK were at the forefront, although tensions in the Middle East and US…
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Daily Broad Market Recap – August 1, 2024
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Just when August seemed to be off to a sluggish start, volatility in the financial markets reached a peak as the New York session approached. what happened after that? Here’s a quick summary of the headlines and economic updates that impacted the markets: headlines: Australian import prices recovered 1.0% q-o-q…
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Daily Broad Market Recap – July 31, 2024
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The last trading day of the month was a busy one for data traders as they priced in new updates from around the world. What headlines have moved major assets in recent trading sessions? We have a list for you: headlines: Price movement in the broad market: Dollar Index, Gold,…
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Post Nashville Event Recap – A Bitcoin VC Perspective The Good, The Bad, and the Bullish
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Macro – Crossing the Rubicon 1. Donald J. Trump and the point of no return. 3 words, “Strategic Bitcoin Stockpile”. It was theorized by many Bitcoiners for years, some would even say dreamed of, and it happened just last week. Fair to say that Bitcoin has indeed crossed some sort…
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Daily Broad Market Recap – July 30, 2024
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Risk aversion was the name of the game on Tuesday, as caution ahead of this week’s major market events mixed with weaker U.S. technology stocks and rising geopolitical tensions in the Middle East. How have major assets behaved in recent trading sessions? We share the details: headlines: Australia Building Approvals…
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Daily Broad Market Recap – July 29, 2024
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A lack of data releases kept traders on the sidelines on Monday, leading to volatile price movements for most major assets. What headlines dominated the news agencies anyway? headlines: during the Weekend, British Chancellor of the Exchequer Rachel Reeves Beware ofMaking tough decisions about spending, social care, and taxes“After reviewing…
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Global Market Weekly Recap: July 22 – 26, 2024
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Market correlations have been intermittent throughout the week as traders try to reconcile several key market drivers throughout the week. In particular, renewed growth concerns in China and a tech sector sell-off on weak US earnings data led to large inflows into safe-haven assets during the first half of the…
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Daily Broad Market Recap – July 25, 2024
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Major assets were poised to extend themes from the previous day when the US GDP release shook up overall price action. How did the major assets trade yesterday? We’re breaking down the headlines you might have missed! headlines: People’s Bank of China Surprisely Cuts Medium-Term Lending Facility Rates By 20…
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Daily Broad Market Recap – July 24, 2024
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The Japanese Yen was the pips king in the Forex market once again, posting its third consecutive day in the green with a solid performance. In contrast, US stocks suffered sharp losses due to a broad sell-off in technology stocks, while commodities also declined. Here are the market headlines you…
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Ethereum Flatlines Following Spot ETF Day 1: Full Recap
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The long-awaited launch of several Ethereum-based ETFs failed to spark a major rally in the price of Ethereum. Despite the “nascent” ETFs’ high trading volumes and large inflows on their first day, Grayscale’s outflows were massive (again) to push the price of Ether higher. Ethereum ETFs Start Strong, But Grayscale……
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Daily Broad Market Recap – July 23, 2024
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The US dollar has been steadily rising against most of its rivals in the foreign exchange market, but the Japanese yen has been a notable exception. Price action across other asset classes was hotter, with volatility rising but market correlations appearing to have broken down. What’s up with that?! Here…
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Daily Broad Market Recap – July 22, 2024
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Political developments in the US and China’s surprise move to ease monetary policy dominated headlines earlier this week. How did asset classes react to this news? Here are the market headlines you need to know: headlines: US President Biden withdraws from presidential raceVice President Harris is endorsed as the Democratic…
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Global Market Weekly Recap: July 15 – 19, 2024
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Market correlations were a bit mixed this week, suggesting that major assets were mostly moving to their own rhythms. Traders were also likely struggling to balance different themes and stories, including mixed interest rate cut speeches from Fed members, weaker-than-expected global economic activity data, and geopolitical headlines. US stock indices…
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Daily Broad Market Recap – July 18, 2024
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High-yielding assets got off to a strong start, but ended up falling as the US dollar and bond yields regained the upper hand. What happened in the markets recently? Here are the updates you need to know: headlines: Employment Change in Australia in June: +50.2K (19.9K expected, 39.5K prior), Unemployment…
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Daily Broad Market Recap – July 17, 2024
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U.S. stocks and crude oil prices took their cues from individual catalysts on Wednesday and traded against their trends for the week. Meanwhile, the US dollar fell amid speculation that Japanese officials were intervening in the currency. Missed yesterday’s market headlines? We’ve got you covered! headlines: Melbourne Institute’s Leading Australian…
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Daily Broad Market Recap – July 16, 2024
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Major assets posted mixed results as markets priced in a strong US economy and increased chances of a Federal Reserve rate cut. Spot gold, bitcoin and US stocks rose, while US bond yields and the US dollar fell. We have the headlines you need to know about yesterday’s price action!…
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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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Global Market Weekly Recap: July 8 – 12, 2024
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Market correlations were mixed at the start of the week, before sentiment finally settled a few days later. Although Fed Chair Powell’s speeches and US CPI data prompted some riskier flows mid-week, commodities and equities were also driven by individual catalysts. Major currencies also had plenty to work with, with…
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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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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…