Category Archive: Cryptocurrency, No picture
MicroStrategy buys $4.6 billion in Bitcoin, boosts holdings to nearly $30 billion
Key Takeaways MicroStrategy acquired 51,780 Bitcoin for $4.6 billion between November 11 and November 17. The company’s total Bitcoin holdings now approach $30 billion in market value. Share this article MicroStrategy announced today it had acquired 51,780 Bitcoin in a series of purchases made between November 11 and November 17, paying an average price of […]
What’s Already Priced In
Image Source: Unsplash As per our opening call, it will be interesting to see how things play out in the world of FX this week. The fact that the market has now taken a good amount of time to digest the Trump victory in the US election could mean that we have already seen most of […]
Oil Is Growing Amid Escalation In Eastern Europe
Image Source: Unsplash At the end of Friday, the Dow Jones (US30) fell by 0.70% (-1.39% for the week). The S&P 500 Index (US500) was down 1.23% (for the week -2.30%). The Nasdaq Technology Index (US100) was down 2.40% (-3.67% for the week). Wall Street saw a sharp decline on Friday as investors evaluated Fed Chair […]
Nvidia’s New AI Chips Reported To Have Overheating Issues, Stock Dips
Image Source: Unsplash Nvidia Corporation (Nasdaq: NVDA) is reportedly grappling with technical challenges related to its latest Blackwell AI chips. These chips, which are essential components for advanced data processing, have been reported to overheat when installed in server racks designed to accommodate up to 72 units.This overheating issue has emerged as a significant concern for Nvidia, which had […]
AUD/USD Stabilises Amid RBA’s Hawkish Outlook
Image Source: Unsplash AUD/USD is showing signs of stabilization near 0.6465, marking its second consecutive session of attempts to recover.The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock stated that interest rates are restrictive and will remain so until the RBA is fully assured […]
S&P 500 Sets And Retreats From New Record High On Bearish Expectations Of Fewer Rate Cuts
The S&P 500 (Index: SPX) definitively broke through the 6,000 level on Monday, 8 November 2024, closing at an all-time record high of 6,001.35 that day.Unfortunately, by the end of the week, the index fell by 2.2% from that new high to end the week at 5,870.62.The precipitating event for that drop came on Thursday, 14 November […]
No Respite In Sight For Weak Oil Prices Even With Heightened Geopolitical Tensions
Image Source: Unsplash Oil prices edged up on Monday on escalating tensions between Russia and Ukraine. Gloomy demand outlooks for growth in oil consumption may keep oil prices subdued in the near term. Experts also fear a significant oversupply in the oil market in 2025 as non-OPEC production expected to surge. Oil prices were slightly […]
EUR/JPY Attracts Some Buyers To Near 163.00 Amid BoJ Rate Hike Uncertainty
Image Source: Unsplash EUR/JPY gains momentum to near 163.00 in Monday’s early Asian session, up 33% on the day. The lack of clear guidance on the next BoJ rate hike timing weighs on the JPY. ECB’s Cipollone said the central bank should cut rates further to support recovery. The EUR/JPY cross attracts some buyers to around […]
FX Daily: Looking For Alternatives To The Long-Dollar Trade
Image Source: Unsplash We are entering a period of calm in US macro news. This means that it’s mostly up to any positioning readjustment to keep the dollar from rallying further. Growing focus will be on the eurozone and PMIs, where any soft read can be the ultimate trigger for a break below 1.05. Elsewhere, UK CPI […]
As Financial Conditions Tighten, Global Stock Outflows Typically Heighten
MARKETSThe post-election euphoria that lifted equity markets came crashing down last week as the weight of reality set in. A trifecta of Jay Powell’s cautious remarks, persistently sticky inflation data, and the stark realization of the costs and trade-offs baked into the incoming administration’s policy agenda dampened investor sentiment. While equities stumbled under this growing […]
