Category: Weekly
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Global Market Weekly Recap: August 26 – 30, 2024
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Major assets were all over the place this week as traders tried to balance a massive load of news and data, and based on the results, it appears they put a little more weight on individual asset catalysts over overall market sentiment drivers. Middle East tensions and Libyan supply concerns…
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China’s yuan set for longest weekly winning streak since 2021 By Reuters
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SHANGHAI (Reuters) – Sterling edged up slightly against the weaker dollar on Friday and looked set for a fifth straight weekly gain, its longest winning streak in more than three years. The yuan was supported by stronger corporate interest in repatriating their foreign exchange earnings on the back of recent…
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Weekly Market Outlook (26-30 August)
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Upcoming Events: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: Consumer confidence in the United States. Wednesday:Australia Monthly CPI and Nvidia Earnings. ThursdayUS GDP Q2:Second abbreviation US unemployment claims estimates. FridayTokyo CPI, Japan Retail Sales, Eurozone Spot CPI and Unemployment Rate, Canada GDP, US Personal Spending. Tuesday The…
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NFT market up 23% in weekly sales; Ethereum leads charge
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The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon. Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a…
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NFT market up 23% in weekly sales; Ethereum leads charge
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The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon. Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a…
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S&P 500 gains 1.4% in weekly rise, with fuel from the Fed greenlighting rate cuts
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The Standard & Poor’s 500 Index (SP500) rose 1.44% on Friday for the week to close at 5,634.61 points, gaining in three of the last five sessions. The accompanying SPDR S&P 500 ETF Trust (New York: Spy) rose by 1.41% during the week. Wall Street Reference index (sb 500The index…
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Global Market Weekly Recap: August 19 – 23, 2024
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While most market participants were preoccupied with the FOMC minutes and expectations of Powell’s testimony at the Jackson Hole Symposium, commodities like gold and crude oil also responded to their own set of catalysts. Geopolitical headlines and global growth concerns led the energy commodity mostly lower during the first half…
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Weekly Market Outlook (19-23 August)
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Upcoming Events: Monday: New Zealand Services PMI, Fed Waller, Bank of Canada Senior Loan Officer Survey. Tuesday: PBOC key interest rate, RBA minutes, Canadian CPI, Eurozone wage growth. WednesdayCanada Producer Price Index, FOMC Meeting Minutes. Thursday:Australia/Japan/Eurozone/UK/US preliminary PMIs, ECB minutes, US jobless claims, Jackson Hole symposium. Friday:New Zealand Retail Sales,…
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S&P 500 powers to 4% weekly advance (NYSEARCA:SPY)
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S&P 500 (SP500) Friday Jumped 3.93% The index ended the week at 5,554.25 points, posting gains in four of the last five sessions. SPDR S&P 500 ETF Trust (New York: Spy) Added 3.99% For this week. What a difference a week makes! Wall Street’s benchmark index The index posted its…
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$10 Weekly Bitcoin DCA Yields 202% Return, Outshines Traditional Assets Over 5 Years
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Modern analysis of Bitcoin Pro Magazine This report shows the strength of Bitcoin’s dollar cost averaging (DCA) compared to traditional assets such as gold, Apple stocks, and the Dow Jones Industrial Average (DJI). The data reveals that a consistent $10 weekly investment in Bitcoin over the past five years would…
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$10 Weekly Bitcoin DCA Yields 202% Return, Outshines Traditional Assets Over 5 Years
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Modern analysis of Bitcoin Pro Magazine This report shows the strength of Bitcoin’s dollar cost averaging (DCA) compared to traditional assets such as gold, Apple stocks, and the Dow Jones Industrial Average (DJI). The data reveals that a consistent $10 weekly investment in Bitcoin over the past five years would…
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Ethereum Leads The Charge as Weekly Crypto Inflows Hit $176M—CoinShares
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The latest data from crypto asset management firm CoinShares shows a notable comeback in the cryptocurrency market. In its latest weekly report on digital asset fund flows, the asset management firm said open Last week saw a significant surge in investor confidence, with digital asset investment products seeing inflows of…
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Ethereum Leads The Charge as Weekly Crypto Inflows Hit $176M—CoinShares
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The latest data from crypto asset management firm CoinShares shows a notable comeback in the cryptocurrency market. In its latest weekly report on digital asset fund flows, the asset management firm said open Last week saw a significant surge in investor confidence, with digital asset investment products seeing inflows of…
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SUI Leads Crypto Market With 78% Weekly Uptick: Here’s Why
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Over the past seven days, SUI has emerged as the top performer in the cryptocurrency market, recording a massive 78% price increase. This surge places SUI in the top 100 cryptocurrencies by market cap, significantly outperforming its peers, Helium (HNT) with a 60% increase and Bittensor (TAO) with a 50%…
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SUI Leads Crypto Market With 78% Weekly Uptick: Here’s Why
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Over the past seven days, SUI has emerged as the top performer in the cryptocurrency market, recording a massive 78% price increase. This surge places SUI in the top 100 cryptocurrencies by market cap, significantly outperforming its peers, Helium (HNT) with a 60% increase and Bittensor (TAO) with a 50%…
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Weekly Market Outlook (12-16 August)
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Upcoming Events: Tuesday: Australian Wage Price Index, UK Labor Market Report, Eurozone ZEW Index, US NFIB Small Business Optimism Index, US Producer Price Index. Wednesday:Reserve Bank of New Zealand Policy Decision, UK CPI, US CPI. Thursday:Japan Q2 GDP, Australia Labor Market Report, China Industrial Production and Retail Sales, UK Q2…
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Global Market Weekly Recap: August 5 – 9, 2024
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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring…
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Dollar steady on US jobs relief as yen heads for first weekly drop in six By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar hovered near a one-week high against other major currencies on Friday after the biggest drop in U.S. jobless claims in nearly a year eased fears of an impending economic slowdown. The US currency steadied against the Japanese yen after…
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Weekly update on interest rates expectations
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Interest rate cuts by year-end Fed: 125bp (96% chance of 50bp rate cut at next meeting) ECB: 75 basis points (97% chance of rate cut at next meeting) Bank of England: 53bp (57% chance of no change at next meeting) Bank of Canada: 80 basis points (77% chance of rate…
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Filecoin (FIL) Portfolios Stay Red With 18% Weekly Losses
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Filecoin remains affected by the current market volatility as it continues to decline. According to the latest market data, Filecoin decreased Crude oil prices have fallen 18% since last week, a significant drop in value. Investors are still affected by the current market losses of the token. However, several developments…