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Ethereum (ETH), Solana (SOL), XRP and the general altcoin market experienced a pullback on Monday, after their market cap crossed $1.6 trillion last week.
US CPI Seen Rising From 2.6% to 2.7%; Bank of Canada Expected to Cut Rates by 0.50%; AUD/USD Reaches 4-Month Low; Cocoa Futures Hit 7-Month High Following Strong Gains
Reserve Bank of Australia Leaves Rates Unchanged, Hints at 2025 Cuts; Trump Crypto Rally Falters, Bitcoin Trades Below $95,000; NASDAQ 100, S&P 500, DAX Indices Fall; Cocoa Futures Hit 7-Month High
Bitcoin Trading at Record High Above $100,000; NASDAQ 100, S&P 500, DAX indices Continue to New Record High Prices; Powell “Cautious” on Rate Cuts; French Government Falls
South Korean Parliament Overturns Presidential Coup Attempt; NASDAQ 100, S&P 500, DAX Continue to New Record High Prices; Korean Won, Japanese Yen Stabilize; Aussie Hits 4-Month Low on Poor Economic Data
S&P 500, DAX, ASX 200 All Trade at All-Time High Prices; Commodity Currencies Battered by Trump BRICS Tariff Threat; Bank of Japan Considering a Triple Rate Hike; Fed’s Waller Leaning Towards December Rate Cut
Trump Warns BRICS Against Pursuing Dollar Alternative in Social Media Post; Japanese Yen Loses Value During Tokyo Session; French Budget Deadlock Sends Euro Lower; Chinese Yuan Reaches 4-Month Low Price
Australian CPI Unexpectedly Weak; RBNZ Cutes Rates by 0.50%; Bitcoin Trades Below $91,000; FOMC Meeting Minutes Mixed, Chance of December Cut Rises to 66%; Markets Look to Crucial US Data Later
Bitcoin Reaches $93k; US Annualized Inflation Rises to 2.6% as Expected, Fed Members Worry Over Cuts; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs; Non-US Stocks Weak on Trump Fears
US CPI Expected to Rise to 2.6%; Bitcoin Finally Hits $90,000 Before Retracing; All Major US Stock Market Indices Decline; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs ; Non-US Stocks at 3-Month Low on Trump Fears
US Federal Reserve, Bank of England Expected to Cut Rates by 0.25% Today; All Major US Stock Market Indices Trade at Record Highs, US Dollar Losing Bullish Momentum; Trump Projected to Win Popular Vote by 3.5% and All Swing States, Republicans to Win Senate; Bitcoin Retraces From Record High
Trump Projected to Win Popular Vote and All Swing States, Republicans to Win Senate; US Stock Markets, US Dollar Gain on Trump Win; Bitcoin Hits Record High
Markets The Chinese Politburo’s directive changed risk sentiment at the start of European trading from slightly risk-off because of developments in Syria to mildly risk-on given the firm commitment to support the ailing economy. Extraordinary countercyclical fiscal measures will be complemented...
The price of Bitcoin surged sharply following President-elect Trump's victory, climbing from $66,798 on November 4 to $99,800 by Friday. However, over the weekend, the price corrected lower, and this downward momentum continued into Monday and today. The decline has pushed Bitcoin below its...
The price of bitcoin is stretching to a new high of $98,508 - less than $1500 from the "BITCOIN 100K" hats and t-shirts from coming out .
The price moved above $90,000 for the first time back on November 12 (10 days ago). That sounds amazing, but it only took two days for the price to go from...
The People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.
USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.
CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.
A significantly...
We looked at what we found since the previous meeting
And used that to ask the question whether the current policy stance is appropriate or not
The discussion was mostly about the economic changes and the impact on inflation
We have done some scenario analysis on potential Trump policy changes...
It is to acknowledge that some of the data has been softer than we expected
We wanted to convey that our opinions, views are evolving
We are not saying what we might do but acknowledging that there is some softening
We are not saying that we have won the battle against inflation
But we are...
The Reserve Bank of Australia policy statement will be released at 2.30pm Sydney time on Tuesday, December 10, 2024.
0330 GMT / 2230 US Eastern time on Monday
Reserve Bank of Australia Governor Bullock will hold her press conference an hour later
I posted a preview yesterday:
Reserve Bank...
The Reserve Bank of Australia policy statement will be released at 2.30pm Sydney time on Tuesday, December 10, 2024.
0330 GMT / 2230 US Eastern time on Monday
Reserve Bank of Australia Governor Bullock will hold her press conference an hour later
According to the Bloomberg survey of analysts...
🚀 Crypto Market Comeback: Bulls Are Back in Charge! 🐂
The crypto market is flexing its muscles today, showing a strong rebound that’s got traders buzzing! Bitcoin (BTC) is leading the way, up 1.65% to $98,259.15—just shy of that magical $100K mark. Ethereum (ETH) isn’t slouching either...
Eurostoxx -0.1%
Germany DAX flat
France CAC 40 -0.1%
UK FTSE -0.3%
Spain IBEX -1.0%
Italy FTSE MIB +0.2%
US futures are lightly changed and keeping with a more tentative mood after two days of declines this week. Investors are keeping rather cautious after the extended gains since November...
The European session is empty today and we will likely see some choppy price action as we head into the US CPI release. This week is all about the US CPI even though there are other central bank decisions. This report is one of the most important ones in several months and the market's reaction...
Preview: What to expect from Wednesday's US CPI report
Goldman Sachs: What we expect from the November US CPI report
Inflation data is the main focus for today and it don't come any bigger than one before the Fed meets. That especially with questions surrounding a potential need to pause for...
Scholz is widely expected to lose the vote, after having seen his coalition collapse in November. For some context, his government does not command a majority already. The vote is all but a formality to tee up fresh federal elections in Germany. That will happen once Scholz loses the vote and...