Category: week
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Here’s a forecast for a 25bp RBA rate hike next week – citing inflation not falling
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ING Bank’s response to today’s inflation data from Australia: If you want a reason to keep rates unchanged at the August 6 meeting, today’s core numbers somewhat support the “let’s give the economy the benefit of the doubt” argument. The decision taken in August is certainly more balanced today than…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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5 reasons the Bank of Japan should be wary of hiking rates this week
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Via Scotia, Preview Comments on What to Expect from the Bank of Japan. Of the 46 consensus forecasters, only 9 expect a rate hike. Markets are pricing in a 10 basis point rate hike, which has been around 70% with pricing around 7 basis points. The argument for raising interest…
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$2.2 Billion Flows into Ethereum ETFs in the Past Week, Coinshares Reveals
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Ethereum exchange-traded funds (ETFs), which debuted in the United States last week, have created a buzz in the cryptocurrency market with large inflows into the products. According to a recent study a report According to CoinShares, the emergence of these spot ETFs has attracted $2.2 billion, marking a pivotal moment…
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S&P 500, Nasdaq gain to kick off huge week for markets
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U.S. stocks rose after temporarily turning negative on Monday to start a big week filled with the Federal Reserve’s interest rate decision, a jobs report and big tech earnings. The Dow Jones Industrial Average (^IXIC) recovered from earlier losses to hover near the equator, after the blue-chip index surged more…
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What is priced in for the BOE meeting later this week?
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The decision is likely to be well balanced, with the bank expected to vote 6-3 or 5-4 in favor of a rate cut. But what are traders currently expecting from the decision? The OIS market is showing a ~61% probability of pricing in a rate cut of around 55 basis…
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Spot Ethereum ETFs Up To A Slow Start, Record $341 Million Net Outflow In First Week
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Following an unexpected approval by the US Securities and Exchange Commission (SEC), Ethereum ETFs have become one of the biggest stories in the crypto space. However, the crypto investment products appear to be falling short of expectations after a disappointing first trading session last week. Grey is responsible for large…
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Newsquawk Week Ahead: Highlights include FOMC, BoJ, NFP, BoE, ISM Mfg. PMI and OPEC+ JMMC
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Mon: Chinese Industrial Profit (Jun) Tue: Japanese Unemployment Rate (Jun), Australian Building Approvals (Jun), Spanish Flash CPI (Jul), Swiss KoF (Jul), German GDP (Q2), Prelim. CPI (Jul), EZ Consumer Confidence Final (Jul), US JOLTS (Jun) Wed: FOMC Announcement, BoJ Announcement and Outlook Report, BCB Announcement; Chinese NBS PMI (Jul), Australian…
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Ethereum ETFs see $341.8m net outflows in first week, triggered by Grayscale’s ETHE
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US Ethereum ETFs had a mixed start to the week, with net inflows to most ETFs overshadowing large net outflows from Grayscale’s ETHE converter fund. Data from Farside Investors Offers Ethereum (ETH) exchange-traded funds (ETFs) saw just over $162 million in total outflows on Friday, July 26, marking the third…
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It’s been a wild week for political meme coins
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The value of Jeo Boden is down 98.2% from its all-time high three months ago, while Kamala Horris is up 3,875% since May. Some political meme coins have market caps of millions of dollars. As if the cryptocurrency markets weren’t crazy enough, another surreal trend has gained massive ground in…
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Why CrowdStrike Stock Plummeted Again This Week
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Crowd Strike (NASDAQ: CRWD) The stock saw another big sell-off in trading this week. The company’s stock price ended this week’s trading down 16% from last week’s market close, according to data from S&P Global Market Intelligence. Last Friday, CrowdStrike was at the center of a major IT outage —…
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US stocks move lower as the week moves toward the close
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US stocks are moving lower with the broader S&P and Nasdaq indexes below the midpoint of their daily trading ranges. The indicators are still higher on the day, but in a week that has seen sharp moves to the downside, a leak back to the downside is disappointing. Looking at…
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A technical look at each of the major currency pairs heading into the new trading week
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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US stocks close the week with gains on the day. S&P and Nasdaq lower for the week.
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US stocks closed the week with gains during the day. The S&P and Nasdaq remained lower for the week. The Dow Jones and Russell 2000 index of small companies closed higher, with the Russell 2000 the best performing index among the traded indices on hopes that lower interest rates will…
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European shares bounce back. Mixed performance for the week.
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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USD/JPY implied volatility surges to its highest since the first week of May
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Implied volatility is a component of the options pricing model. In short, the expected annual movement in an asset (USD/JPY in this case), adjusted for the expiration period. A higher IV means higher priced options (more expensive to secure “protection” via options). Volatility has increased due to the significant appreciation…
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Will PEPE Climb 30% This Week? This Analyst Thinks So
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Traders are getting hyped about the meme-inspired cryptocurrency PEPE, after a technical study by renowned crypto expert World Of Charts showed that it has some surprises up its sleeve. As shown in X, PEPE is forming a bullish pennant, a common technical sign of a big price increase. According to…
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Will PEPE Climb 30% This Week? This Analyst Thinks So
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Traders are getting hyped about the meme-inspired cryptocurrency PEPE, after a technical study by renowned crypto expert World Of Charts showed that it has some surprises up its sleeve. As shown in X, PEPE is forming a bullish pennant, a common technical sign of a big price increase. According to…