Round up of today’s market news
North American News Major US indices limp into the close Close nearer to session lows The major US indices opened higher. The Nasdaq was up for the 3rd day and…
4 Things to Do When Cryptocurrencies are Crashing
Here’s what you can do to minimize their risks and keep your crypto investments stable. A significant dip in the cryptocurrency markets can put investors in a state of worry…
Round up of today’s market news
North American News Major indices close near session highs Major indices is still lower on the week but cut into the declines The major US stock indices closed sharply higher…
Fed Keeps Up Aggression: How Low Can the Euro Go?
The US dollar continues to trend higher against its major world counterparts, hitting the highest in 24 years against Japanese yen, 20-year high against Euro, while the dollar index which…
Bitcoin: miners sell, markets buy
The US government could ban cryptocurrencies Bitcoin rose 4.9% on Thursday, ending at around $20,700, and retreated 200 at the start of trading on Friday. Ethereum has added 7.3% in…
Round up of today’s market news
North American News Dow and S&P extend losing streak to 5 days Nasdaq ekes out a small gain The major US indices are closing mixed with the Dow and S&P…
How deep could 2s/10s invert?
The April low of -9.2 basis points broke yesterday The deeper inversion in the US Treasury curve is adding to recessionary fears today. US 10-year yields have fallen 6.7 bps…
Round up of today’s market news
North American News Major US indices close lower again in up and down trading session Dow and S&P down for the 4th consecutive day. NASDAQ down for the 3rd consecutive…
Bank earnings to further kickoff the earnings calendar tomorrow
The last earnings a cycle was brutal for companies that missed The banking earnings will start to come out tomorrow morning kicking off the earnings calendar for the current cycle.…
Bitcoin dipped into a flat
The bear markets of bitcoin and other risky assets of the past teach us that a sell-off is usually followed by a prolonged sideways move. Bitcoin was down 5% on…
Market turmoil: 4 things that are hurting global markets and lifting the US dollar
What is weight on the stock market and lifting the US dollar? Global markets have started the week in a bad mood. It’s a consistent theme with global equity indexes…
Cryptocurrency rebound deflated, enthusiasts asking for regulation?
More than 60% of major US crypto investors surveyed by Bloomberg MLIV Pulse expect bitcoin to fall to $10,000 Bitcoin was down 2.5% on Monday and, continuing its decline on…
Round up of today’s market news
North American News US stocks gets spooked by the ghost of tomorrow’s CPI… Major indices close nearer the lows Nasdaq down for the 2nd day in a row. S&P and…
The market is increasingly pricing in the ‘peak inflation’ trade. What it means for CPI?
The CPI report is due on Wednesday With oil prices down $7.5% today and natural gas down 30% from the highs, there is a growing list of reasons to believe…
The post-mortem on the $800 billion US Paycheck Protection Program is damning
This was a straight-up giveaway to the wealthy A commonly-heard refrain from those lamenting inflation is that the government gave workers too much money during the pandemic and that ‘nobody…
Round up of today’s market news
North American News US stocks close lower on the day Nasdaq streak comes to end The major US stock indices are closing lower on the day. The Nasdaq index is…
Optimism is in low supply. That’s a good thing
Markets badly beaten up US equity earnings season starts on Thursday with financials. Many people are looking to economic data, technical levels or markets like bonds to determine if we’re…
Awaiting the last bitcoin mile
There are many questions about the sustainability of the rebound amid the Fed’s sharp interest rate rise and a slowing economy. Bitcoin rose 12.6% to finish near $21,600 but is…
Don’t bet against humanity
The resignation of HSBC’s head of sustainable investing lays bare the opportunity The green transition is underway but how it’s handled will separate the winning and losing countries for the…
Round up of today’s market news
North American News US major indices close the day with mixed results Major indices up on the week. The major US stock indices are closing mixed. The Dow and S&P…