Category: Weekly
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Weekly Market Outlook (05-09 August)
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Upcoming Events: Monday: China Caixin Services PMI, Eurozone PPI, US ISM Services PMI, Fed SLOOS. Tuesday: Average cash income in Japan, RBA monetary policy decision, Swiss unemployment rate and retail sales, Eurozone retail sales, Canada services PMI. WednesdayNew Zealand Labour Market Report, Bank of Canada Meeting Minutes. Thursday:Bank of Japan…
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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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Cryptonica hits 10M in weekly transactions
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Cryptonica has reached a significant milestone by successfully handling 10 million transactions every week. Cryptonica has a network of 6,000 ATMs spanning 22 countries, making it easier to access digital assets. Transactions from these ATMs show that 62% of transactions involve Bitcoin (BTC), 23% involve Ethereum (ETH), 7% involve Dogecoin…
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Cryptonica hits 10M in weekly transactions
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Cryptonica has reached a significant milestone by successfully handling 10 million transactions every week. Cryptonica has a network of 6,000 ATMs spanning 22 countries, making it easier to access digital assets. Transactions from these ATMs show that 62% of transactions involve Bitcoin (BTC), 23% involve Ethereum (ETH), 7% involve Dogecoin…
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Weekly Market Outlook (29-02 August)
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Upcoming Events: Monday: U.S. Treasury Refinancing Financing Estimates. Tuesday: Japan unemployment rate, Eurozone Q2 GDP, US job openings, US consumer confidence. Wednesday:Japan Industrial Production and Retail Sales, Australia CPI, China PMI, Bank of Japan Policy Decision, Eurozone Spot CPI, US ADP, Canada GDP, US Consumer Confidence, US Treasury Refinancing Announcement,…
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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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WIF, HNT, CORE, and PEPE boast over 40% in weekly gains
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Dogwifhat, Helium, Core, and Pepe emerged as the biggest gainers in the cryptocurrency market over the past week, with each coin seeing a price increase of over 40%. Dogs Dogwifhat (WIF) has seen a surge of over 50% over the past seven days, trading at $2.56 at the time of…
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Weekly Market Outlook (22-26 July)
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Upcoming Events: Monday:PBoC LPR. Wednesday:Spot PMIs for Japan/Australia/Eurozone/UK/US, Bank of Canada monetary policy decision. ThursdayUS durable goods orders, US jobless claims, US Q2 GDP advance. FridayTokyo Consumer Price Index, US Personal Spending Index. Monday The People’s Bank of China is expected to keep the benchmark mortgage rate unchanged at 3.45%…
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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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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
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U.S. stocks fell on Friday as more details emerged about a global IT outage and major averages failed to recover from a selloff that saw the Dow Jones snap a winning streak. The S&P 500 (^GSPC) fell 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.8%. Both the Nasdaq and…
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Weekly Market Outlook (15-19 July)
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Upcoming Events: Monday:New Zealand Services PMI, People’s Bank of China MLF, China Industrial Production and Retail Sales, Eurozone Industrial Production, Bank of Canada Business Expectations Survey, Fed Chair Powell. Tuesday:Eurozone ZEW index, Canadian CPI, US retail sales, US NAHB housing market index. Wednesday:New Zealand Q2 CPI, UK CPI, US housing…
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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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Bitcoin set to rise slightly on a weekly basis as retail inflation eases
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CHENAPONG/iStock Editorial via Getty Images Bitcoin (BTC-USD) price is set to post a weekly decline. 2.7% increaseIn a week that saw retail inflation fall, while wholesale inflation came in higher than expected. The world’s oldest cryptocurrency has remained below the $60,000 level all week, but has been hovering around the…
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Weekly Market Outlook (08-12 July)
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Upcoming Events: Monday:Japan wage data. Tuesday:National Federation of Businesses Small Business Optimism Index, Fed Chair Powell’s testimony. WednesdayJapan PPI, China CPI, RBNZ Monetary Policy Decision, Fed Chair Powell Testimony. ThursdayUK GDP, US CPI, US unemployment claims. Friday:New Zealand Manufacturing PMI, US Producer Price Index, University of Michigan Consumer Confidence Index…
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Global Market Weekly Recap: July 1 – 5, 2024
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Last week was an eventful one for global markets despite the shortened trading week in the US. Politics played a big role with the French elections over the weekend, the UK parliamentary elections and the prospects for the US presidential election likely to grab attention and impact major financial market…
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Crude oil scores fourth straight weekly gain as U.S. data indicates solid demand
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SlavkoSereda/iStock via Getty Images Crude oil futures fell on the day while recording a fourth straight weekly gain, supported by a much larger-than-expected drawdown in U.S. crude inventories, renewed hopes that the U.S. Federal Reserve will start cutting interest rates soon, and rising geopolitical risks in the United States. The…
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Euro leans through 1.08 as it nears the weekly high
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It’s a holiday in the US, so I’m taking all market moves today with a grain of salt, but the general theme is to sell the US dollar, perhaps in a delayed reaction to yesterday’s weak ISM services reading (dropped to a four-year low). Over the past few hours, the…
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Ethereum Suffers 3rd Straight Weekly Outflows
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The digital asset market is witnessing a wave of investor caution, with Ethereum leading the charge. CoinShares reports a third straight week of outflows, with Ethereum taking the biggest hit. This negative sentiment in the leading altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a…
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Weekly Market Outlook (01-05 July)
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Upcoming events: Monday:China Caixin Manufacturing PMI, Swiss Retail Sales, US ISM Manufacturing PMI. Tuesday: Reserve Bank of Australia meeting minutes, Eurozone CPI, Eurozone unemployment rate, Canada manufacturing PMI, US jobs, Fed Chair Powell. Wednesday:Australian Retail Sales, China Caixin Services PMI, Swiss Manufacturing PMI, Eurozone PPI, US ADP, US Jobless Claims,…