All episodes

The European Central Bank (ECB) raised interest rates by 25bp yet the euro sold off. In fact, many euro bears also jumped on a trade yesterday as Lagarde announced that the ECB significantly pulled its economic projections to the downside. BUT, in the meantime, the ECB revised its inflation expectations higher as well. Therefore, it’s naïve to think that the ECB can’t continue hiking rates with such a sour economic outlook, especially when the barrel of US crude trades past $91pb, and Brent is getting ready to test $95pb.
Rising oil prices are not benign, but the hawkish ECB is...

Yesterday’s US CPI report was mixed, worse-than-expected and far from soothing. The headline inflation ticked from 3.2% to 3.7%, higher than the 3.6% expected, and core inflation came in at 4.3%, in line with expectations. But on a monthly basis, core inflation numbers was slightly higher than expected. The US 2-year yield was shortly above the 5% level yesterday but fell after the data, activity on Fed funds futures now gives 97% chance for a pause at next week’s FOMC meeting, but the probability of a pause in November is slightly less than before the data, at 56%.
Across the...

The S&P500 slipped below its 50-DMA, as Apple’s new iPhone15 failed to spark buying interest for the heavily battered stock on Tuesday’s product reveal. Apple shares fell 1.70%. Oracle dropped 13.5%, the most in 21 years, after reporting slower cloud sales growth whereas investors were hoping AI to make numbers look more beautiful than what was announced.
In energy, US crude rallied past the $89pb, as OPEC forecasted a shortfall of around 3.3mbpd next quarter thanks to Saudi Arabia’s supply cut extension.
Today, the US will release its latest inflation update, and it will be very important in terms of...

Tesla jumped 10% yesterday and reversed morose mood due to the Apple-led selloff as Morgan Stanley raised its price target from $250 to $400 a share.
Tesla rally helped the S&P500 make a return above its 50-DMA, as Nasdaq 100 jumped more than 1%. Apple recorded a second day of steady trading after shedding almost $200bn in market value last week. Apple will unveil new products today hoping to change headlines.
Elsewhere, ARM IPO has been oversubscribed by 10 times already and bankers will stop taking orders by today. The promising demand could also encourage an upward revision to the...

The S&P500 ended last week on a meagre positive note, as the selloff in Apple shares slowed. Apple will be unveiling the new iPhone15 after the Chinese storm.
China announced this morning that consumer prices rose by 0.1% y-o-y in August, slower than 0.2% penciled in by analysts and after recording its first drop in over two years of 0.3% a month earlier. The US CPI data is in focus this week and should help shaping Fed expectations for November.
The US dollar is under a decent selling pressure this morning, particularly against the yen, after comments from the Bank...

Apple lost almost $200bn in market valuation in just two days on the news that China would ban iPhone usage in government offices and state-backed companies. We discuss what will be the real impact of the ban for Apple, and whether the market reaction was exaggerated.
Of course, when a tech giant like Apple, with a market cap of nearly $2.8 trillion sneezes, the whole market catches a cold. The S&P500 fell for the third day to 4451 yesterday, while Nasdaq 100 slipped below its 50-DMA.
Zooming out, the US small caps were also under pressure yesterday, the Russell 2000...

Strong ISM data bolstered the speculation that the Federal Reserve (Fed) could opt for another rate hike before the year end and keep the rates at restrictive levels for longer. The US 2-year yield advanced above 5%, the 10-year yield is around the 4.30% mark.
The US dollar index extends gains toward the 105 level. At 105.40, traders will decide whether the dollar deserves to reverse its yearly bearish trend, and step into a medium-term bullish configuration. But countries around the world react to the dollar’s appreciation. Japanese in particular warn that they will soon step in to stop the...

While Bitcoin might drop to 22'000 USD, Maker is eyeing the Solana Blockchain to migrate, but does it really make sense? And how will the Ethereum Community react to this?

00:00 Intro
00:22 Preview
00:38 Bitcoin
04:19 Ethereum
05:58 ETH & MakerDAO
07:16 Charts
08:03 Subscribe & Good bye

#crypto #cryptonews #cryptotrading #swissquote

_____
Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr
_____
Discover our brand and philosophy: https://swq.ch/wq
Learn more about our employees: https://swq.ch/d5
_____
Let's stay connected:
LinkedIn: https://swq.ch/cH

Released yesterday, the European services PMI data came in softer than expected in all major euro area locations. The data showed that services sector in Italy and Spain slipped into the contraction zone in August - a month of big summer holidays where people flock to Italian and Spanish cities and beaches. The soft PMI data fueled the European Central Bank (ECB) doves and pushed the EURUSD under a bus yesterday; the pair fell to the lowest levels since the beginning of June and flirted with the 1.07 support on idea that the ECB can’t raise interest rates next week...

European markets were silent on Monday, as the EURUSD remained offered below its 200-DMA today, although the softening Federal Reserve (Fed) expectations make more sense than softening ECB expectations, provided that the ECB is NOT in a comfortable place to call a pause at this month’s meeting amid the uptick in latest inflation figures.
In equities, the European stocks have less potential than their US peers, but the FTSE 100 could surf on the rising energy prices in H2.
On the flip side of the world, the Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.1% at...