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Month: August 2023

Cryptocurrencies

Sunset Market Commentary

Markets Sub-par US JOLTS job openings and consumer confidence yesterday triggered a sharp rally in US Treasuries, with markets only discounting a limited chance of a Fed September rate hike. However, the spill-over the EMU Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

Sunset Market Commentary

Markets Sub-par US JOLTS job openings and consumer confidence yesterday triggered a sharp rally in US Treasuries, with markets only discounting a limited chance of a Fed September rate hike. However, the spill-over the EMU Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

Sunset Market Commentary

Markets Sub-par US JOLTS job openings and consumer confidence yesterday triggered a sharp rally in US Treasuries, with markets only discounting a limited chance of a Fed September rate hike. However, the spill-over the EMU Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

Sunset Market Commentary

Markets Sub-par US JOLTS job openings and consumer confidence yesterday triggered a sharp rally in US Treasuries, with markets only discounting a limited chance of a Fed September rate hike. However, the spill-over the EMU Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

How Will China’s Regulation Affect Oil?

China has issued new oil product export quotas to allow oil companies to send surplus barrels overseas, particularly Sinopec, which has the highest volume among quota holders. While the exact quota volume remains undisclosed, oil Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

US ADP jobs grew only 177k, wages growth slowed further

August’s US ADP Private Employment report showed a lower-than-expected gain of 177k jobs, falling short of the consensus forecast of 205k. The data, which is often viewed as a precursor to the official non-farm payrolls Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

EUR/USD Starts Recovery, USD/CHF Dips Below Support

EUR/USD started a recovery wave above the 1.0830 resistance. USD/CHF is showing bearish signs below the 0.8830 resistance zone. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro gained pace after it broke the Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

Bitcoin: The Battle for the Long-Term Trend Has Begun

Market picture As expected, the constricted crypto market is a compressed spring, which means more volatility ahead, not a lack of interest. On Tuesday, Bitcoin jumped above $28.3K, adding over 2K in less than a Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

Bitcoin: The Battle for the Long-Term Trend Has Begun

Market picture As expected, the constricted crypto market is a compressed spring, which means more volatility ahead, not a lack of interest. On Tuesday, Bitcoin jumped above $28.3K, adding over 2K in less than a Read more…

By , 2 years ago August 30, 2023
Cryptocurrencies

EUR/USD Accelerates Gains from 2.5-month Low

This was facilitated by disappointing data on the US labor market. According to the Bureau of Labor Statistics, the number of new vacancies has fallen sharply: actual — 8.8 million, forecast — 9.4 million new Read more…

By , 2 years ago August 30, 2023

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