Cryptocurrencies
Sunset Market Commentary
Markets The day after. Markets are still digesting the Fed’s determination to kill off high inflation. The rate kickoff is in March and we assume the central bank wants to move fast by hiking at Read more…
Cryptocurrencies
Bitcoin’s Recent Slide Wipes Away Millionaires
The number of addresses with a bitcoin balance of at least $1 million dropped 24% between Oct. 28 and Jan. 26. Bitcoin giveth, and bitcoin taketh away–especially when it comes to minting fortunes. The number Read more…
Cryptocurrencies
Traders Now See Fed Raising Rates 5 Times This Year
The consensus among traders shifted as Fed Chairman Powell gave hawkish commentary after the Federal Reserve meeting Wednesday. Interest-rate futures traders now expect the Federal Reserve to raise interest rates five times this year, according Read more…
Cryptocurrencies
US GDP: Growth Jumps 6.9% as Businesses Rebuild Inventories
The U.S. economy surged ahead 6.9% (annualized) in the fourth quarter, slightly above consensus expectations. Overall, the economy rebounded 5.7% in 2021, more than recouping 2020’s 3.4% contraction. Inventory rebuilding accounted for 71% of growth, Read more…
Cryptocurrencies
Southwest Air Sees Cost Turbulence — but Clearing Skies in Q2-Q4
Southwest Air expects a loss in the current quarter – reflecting lower revenue and higher fuel and other costs – but a profitable 2022. Southwest Airlines (LUV) – Get Southwest Airlines Co. Report expects a turbulent Read more…
Cryptocurrencies
Tesla Stock Slides To One-Month Low As Supply Chain Caution Clouds Record Q4 Sales
Tesla shares hit a one-month low Thursday after posting record Q4 sales but warning that supply chain disruptions would impact near-term output. Updated at 10:30 am EST Tesla (TSLA) – Get Tesla Inc Report shares neared Read more…
Cryptocurrencies
Euro Rattled as Fed Sends Hawkish Message
What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. Read more…
Cryptocurrencies
Futures Rebound after US Q4 GDP Smashes Forecasts
Futures pick up from lows and move higher as strong GDP data calms fears of an aggressive Fed. US futures Dow futures +0.4% at 34294 S&P futures +0.66% at 4378 Nasdaq futures +0.96% at 14302 Read more…
Cryptocurrencies
Fed’s ‘Hawkish’ Tone Sends Dollar Surging
Powell signals a rate hike in March The first FOMC meeting of 2022 was concluded on Wednesday, with the Fed Chair Jerome Powell setting the stage for a March rate hike, declining to rule out Read more…
Cryptocurrencies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 114.07; (P) 114.38; (R1) 114.99; More… USD/JPY’s break of 115.05 resistance suggests that pull back from 116.34 has already completed. The development also revives near term bullishness. Intraday bias is back on Read more…