Category: Recap
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Daily Broad Market Recap – June 10, 2024
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Markets appear to be off to a slow start this week, but could this be just the calm before the storm? Stocks were in a positive mood while some risk flows emerged while profitable companies also made gains. Read on to see how the rest of the major currencies are…
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Daily Broad Market Recap – June 6, 2024
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It was a bullish and adverse day for the US dollar, as it erased intraday gains while traders braced for a potential loss in non-farm payrolls. The ECB’s monetary policy decision also took the spotlight when it surprised the central bank with a “tight easing” and spurred rapid gains for…
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Daily Broad Market Recap – June 5, 2024
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‘Risk’ assets and their US dollar counterparts saw gains during the US session as more traders priced in a potential interest rate cut by the Federal Reserve. The US dollar itself was largely stable, shedding points against commodity-linked currencies but also posting gains against other safe havens such as the…
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Daily Broad Market Recap – June 4, 2024
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Concerns about the US economy encouraged a risk-off trading environment and pushed the US dollar higher against its “riskier” counterparts. Meanwhile, crude oil continued its downward trends, spot gold pulled back from highs at $2,350, and Fed bets on lower interest rates sent US bond yields lower. Titles: Switzerland CPI…
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Daily Broad Market Recap – June 3, 2024
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Fed rate bets kept volatility interesting for major financial assets on Monday. Spot gold is gaining ground on general US dollar weakness and ahead of this week’s US employment data, while the Canadian dollar is attracting bearish demand ahead of the Bank of Canada’s decision. Titles: Australia’s MI inflation index…
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Big Week for Spot Bitcoin ETFs, Meme Coin Mania Reaches Celebrities, and More: This Week’s Crypto Recap
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News and developments on the spot Ethereum ETF front dominated the previous week, while Bitcoin ETFs dominated the current week. After the launch of all U.S. Bitcoin ETFs in early January, it was almost inevitable that BlackRock’s product would overtake Grayscale’s, which had already converted from the previous BTC Trust.…
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Daily Broad Market Recap – May 30, 2024
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Revised US economic growth data sent the US dollar and other major financial assets all over the charts yesterday! What exactly do market players need? We have a list of yesterday’s most important headlines: Titles: Rafael Bostic, a voting member of the Federal Open Market Committee, expects the Fed to…
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Daily Broad Market Recap – May 29, 2024
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The US dollar has been the biggest winner in recent trading sessions, thanks to rising bond yields and some risk-off flows. Even the somewhat gloomy Beige Book from the Fed did not appear to be enough to halt the dollar’s rise, as inflation and jobs indicators continue to show modest…
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Daily Broad Market Recap – May 28, 2024
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Just when it looked like the markets were calming down again, volatility began as US traders returned to their offices after the Memorial Day holiday. West Texas Intermediate crude rose more than 2% to reach $80 per barrel again, while US bond yields also made significant gains after the Treasury…
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Bitcoin Privacy On Trial: Samourai Developers’ First Court Hearing Recap
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Today, in the Southern District of New York, the first hearing was held at the US Department of Justice. Case against the developers of Samourai Wallet Keon Rodriguez and William Lonergan Hill. I attended the first session of #Samurai Wallet status earlier today on behalf of @Bitcoin Magazine He spoke…
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Daily Broad Market Recap – May 27, 2024
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No key data points? No problem! Forex pairs and major asset classes are still posting very good moves, even though UK and US traders are on holiday. Read on to find out how the markets are performing. Titles: Bank of Japan Governor Ueda: The central bank will proceed cautiously with…
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Bitcoin (BTC) Price Consolidation, Ethereum (ETH) Predictions After ETF Approvals, and More: Bits Recap May 27
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Turkish lire; Dr BTC saw volatility last week but has calmed down and currently stands at around $68,500, with some analysts anticipating new ATH coins. Despite the brief decline, Ethereum has rebounded and is trading above $3,900, an increase of 36% over two weeks. Analysts expect further rises, especially if…
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Bitcoin (BTC) Price Consolidation, Ethereum (ETH) Predictions After ETF Approvals, and More: Bits Recap May 27
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Turkish lire; Dr BTC saw volatility last week but has calmed down and currently stands at around $68,500, with some analysts anticipating new ATH coins. Despite the brief decline, Ethereum has rebounded and is trading above $3,900, an increase of 36% over two weeks. Analysts expect further rises, especially if…
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Daily Broad Market Recap – May 23, 2024
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The impact of the global PMI dump on overall market sentiment! The results were mostly stronger than expected, with the exception of some failures from Germany and the UK economy. A few positive reviews have been announced for previous releases as well. Here’s how the major currency pairs and asset…
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Daily Broad Market Recap – May 22, 2024
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Foreign exchange rate fluctuations increase with the release of high-level economic reports from major economies! Meanwhile, minutes from the Fed’s May meeting supported a “higher for longer” interest rate environment in the US and supported the US dollar against some of its usual asset counterparts. We have details on the…
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Daily Broad Market Recap – May 21, 2024
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Major financial assets saw relatively light volatility as traders waited for expected reports scheduled for later this week. Crude Oil fell on concerns about the impact of “higher for longer” global interest rates while Ethereum (ETH/USD) got a boost from optimism over ETF approval. Most major forex currencies were in…
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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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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…