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The first day back after the long weekend brought traders back down to earth. A weak sale of US 2 and 5-year notes, and Federal Reserve’s (Fed) Neel Kashkari’s comments that the Fed cannot rule out hiking the interest rates as a next move sent the US treasuries lower yesterday. Stocks stagnated, except Nvidia - which jumped 7% on news that Elon Musk’s xAI would use its H100 chips!
In the FX, the broad-based recovery of the US dollar sent the EURUSD lower yesterday before it reached the 1.09 resistance. Inflation expectations in the Eurozone fell to the lowest levels...

Yesterday was a slow Monday. The US and the UK markets were closed, the news flow was light and the trading volumes were thin.
The barrel of US crude trades a touch below its 100-DMA. The tense geopolitical setup is supportive of further gains along with the rising US demand into summer and OPEC’s restrictive tone regarding its outlook.
Elsewhere, the European Central Bank’s (ECB) Francois Villeroy de Galau said yesterday that the ECB could lower interest rates both in June and the July meetings but the EURUSD is pushing higher at the start of this week, on the back...

While last week began on optimism that inflation could allow the Fed to cut rates as early as in September, this week begins on pessimism that the latter will probably not be possible. The US markets are closed today, but the US 2-year yield ended last week near 4.95% and the probability of a September cut fell to a coin flip. But regardless, the US stock markets continue to trade near record levels. The S&P500 and Nasdaq both closed last week a few points below their ATH levels, boosted by a fresh shot of energy after Nvidia reported another set...

The week hasn’t been pleasant for the market bulls. On Wednesday, the FOMC minutes showed the disturbing truth that ‘many’ Fed members wondered whether keeping the rates ‘high for longer’ was sufficiently restrictive to tame inflation, and if hiking the rates wouldn’t be a better idea. Then, the UK PM Sunak announced a general election beginning of July – way earlier than many expected – abating the slightest glimmer of hope to see the Bank of England (BoE) cut its rates in June. Meanwhile, the latest British CPI data came in hotter-than-expected, anyway, warning that the policy easing wouldn’t necessarily...

Hawkish FOMC minutes sent the US yields high and stock indices lower yesterday. Happily, Nvidia announced another set of strong quarterly results and forecasts. The shares popped 6% in the afterhours trading – a bit less than 8% expected.
Qualcomm, on the other hand, extended gains past $200 per share as they will power Microsoft’s and Dell’s AI-focused computers.
In the FX, the US dollar gained on hawkish Fed minutes but sterling gained more after the British PMI Sunak announced a general election on 4th of July, waning expectations of seeing the Bank of England (BoE) cut rates in June....

Will see an Ethereum ETF today or will we see a market and SEC rejection?

00:00 Intro
00:19 Preview
00:41 Bitcoin
04:21 Ethereum
06:39 Tether
07:40 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote
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Federal Reserve’s (Fed) Christopher Waller gave a C+ to the latest US inflation data, saying that it’s ‘far from failing but it’s not stellar’. Equity investors, however, continue giving the US stock indices a big, fat A+ on robust earnings, yes, but also on hope that the Fed could cut rates one, or two times this year, although there is not much conviction regarding the feasibility of the latter policy easing given that the first three months of the year warned that inflation’s path toward the Fed’s 2% will be all but smooth. So the risks prevail, but the FOMO...

The week kicked off with quite a solid appetite, especially for commodities. Gold and copper advanced to fresh record while silver soared past $32 for the first time in more than a decade. The gold-silver ratio, also called the mint ratio, tanked to the lowest levels since January 2022 as gains in silver outpaced gains in gold. Silver has room to gain against the yellow metal if the reflation narrative remains a major driver.
In energy, crude oil finds it hard to clear a major resistance near $80pb, while nat gas prices are finally picking up the momentum that many...

Equity bulls around the globe celebrated in style the softer-than-expected US CPI data last week. The global equity rally was further juiced by the expectation that a softer inflation in the US would not only allow the Federal Reserve (Fed) to start cutting the rates this year, but also allow the other major central banks, like the European Central Bank (ECB) and the Bank of England (BoE), to carry on with their plans to cut their own rates and – maybe – cut more than people think they could.
Global stock indices refreshed record, treasuries gained and the USD fell....

All major US indices advanced to fresh ATH yesterday; the S&P500 and Nasdaq 100 traded at the uncharted territory, while the Dow Jones Industrial index hit the 40’000 mark for the first time. Data showed weakness in economic activity and jobless claims hinted at loosening jobs market (although the Federal Reserve (Fed) members called for patience before rate cuts.
In China, industrial production rose more than expected, and we discuss in this episode why Chinese growth is not good news for US inflation…
In the FX, the USD index rebounded against most majors, the EURUSD sold off from an early...