Category: Recap
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Daily Broad Market Recap – May 13, 2024
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Markets were off to a bit of a slow start on Monday, before volatility increased and led to a mixed race for asset classes. Crude oil has rebounded from the initial slump while gold and Treasury yields have fallen. What’s up with that?! Titles: BusinessNZ Services Index April: 47.1 (previously…
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Daily Broad Market Recap – May 9, 2024
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Most European markets were closed for the holiday, but that did not stop the major currencies from recording big moves during the first-tier issues! The spotlight was mostly on the Bank of England’s monetary policy statement, as the bank decided to keep interest rates at 5.25% as expected but still…
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Daily Broad Market Recap – May 8, 2024
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Who works late because he is a merchant ̶s̶i̶n̶g̶e̶r̶? It doesn’t have to be espresso Today because we have all the details on how the major financial assets moved yesterday. With no major market movers on Wednesday, this was a perfect opportunity for major assets to respond to their individual…
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Daily Broad Market Recap – May 7, 2024
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The absence of new major market themes encouraged the asset’s price action on Tuesday. What major assets saw volatility and how did the US dollar trade on a data-light trading day? Titles: The Reserve Bank of Australia kept interest rates unchanged At 4.35%, he noted that the interest rate path…
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Daily Broad Market Recap – May 6, 2024
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Major financial assets started the week quietly as the lack of market drivers gave traders room to prepare for potential catalysts this week. How did your favorite assets perform yesterday? Titles: Caixin China Public Service PMI For April: 52.5 vs. 52.7 previously; Price indices rose. Composite PMI improved from 52.7…
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Dogecoin (DOGE) Bull Run, Bitcoin (BTC) Price Recovery, and More: Bits Recap May 6
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Turkish lire; Dr Bitcoin has rebounded from recent lows to over $64,000, indicating resilience and potential upward momentum. DOGE is seeing a notable weekly rise of 12%, driven in part by Tesla’s acceptance, showing continued investor interest. XRP maintains bullish momentum, reaching around $0.53 amid ongoing legal action with the…
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Massive Bitcoin Volatility, Ripple (XRP) Trial, and CZ’s Sentencing: This Week’s Crypto Recap
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Bitcoin price has been on a wild ride for the past seven days. The cryptocurrency is down 4.2% during that period, but that summary doesn’t do the action justice, so let’s dive into it. The market was fairly quiet at the start of the week, trading at around $64,000 with…
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Daily Broad Market Recap – May 2, 2024
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The US dollar continued to lose points against its major counterparts, as more traders digested the less-tight-than-expected monetary policy decision by the Federal Reserve. Other major financial assets and their dollar counterparts were more variable as they reacted to the dollar’s trends and individual drivers. This is what you missed…
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Daily Broad Market Recap – May 1, 2024
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Financial markets witnessed a mixed performance in the past trading sessions, as there were a lot of factors at play even before the announcement of the long-awaited FOMC decision. Read on to find out how it all happened! Titles: The final S&P Global Japan manufacturing PMI for April fell from…
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Daily Broad Market Recap – April 30, 2024
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It was a good day for the dollar to rise, with the greenback seeing a steady rise across the board, even before the high-level US reports came out. But how did the rest of the financial markets perform? Titles: China official manufacturing PMI for April: 50.4 (50.3 expected, 50.8 previously)…
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Daily Broad Market Recap – April 29, 2024
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The market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves! Here’s how it all went down. Headlines: Major city in southwest China (Chengdu) removed home-buying curbs to support property sector Germany preliminary CPI for April: 0.5%…