DXY Finance
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Equity markets are lower following a higher-than-anticipated rise in the US CPI. The S&P lost 0.8%, while the Nasdaq is down 0.5%. Consumer prices in September rose by 3.7% year-over-year, surpassing the predicted 3.6% increase, though core prices saw a 4.1% increase, in line with forecasts. DXY turned higher to climb above 106, while the 2Y yield gained 1.33% and both the 10Y and 30Y rose by over 3%. CME...
Equity indices are stalling today, with the SPX and NDQ both falling around 0.30%. The DXY (+0.38%) has continued its strong streak along with U.S. Treasury yields, with the US10Y holding above 4%. Crypto markets are struggling due to concerns about Curve founder Michael Egorovâs huge debt positions and speculation that SBF or Sam Trabucco could be responsible for the BALD rug. BTC -2.55% (-1.43%) has fallen below $29k and ETH -1.28% ...
Chainlink Launches CCIP Protocol, Radiant Capital Receives $10M Investment from Binance
Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented QQQ is leading the decline, having fallen 1.52% at the time of writing, while the SPY 0.00% has fallen 0.36%. The DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...
Despite underwhelming retail sales data, positive earnings reports are driving equity markets upward. The increase in advance retail sales for June was a mere 0.2% month-over-month, falling below economists' predicted 0.5% increase. Nevertheless, the QQQ index has seen a 60 bps rise, and the SPX index a 52 bps increase. Cryptoassets are diverging from equities, not mirroring the rally spurred by solid earnings. At present, most cryptoassets are on a...
Crypto markets are sharply rising after a judge has ruled that Rippleâs sales of XRP -5.60% do not constitute an offer of investment contracts. XRP -5.60% is up 35% following the announcement, and BTC -2.55% (+2.41%) has surpassed $31k and ETH -1.28% (+3.46%) is nearing $1,950. MATIC -3.81% (+9.80%) is outperforming today after a proposal was submitted to make MATIC a multipurpose token used to validate multiple blockchains. The proposal would have the token rebranded...
BTC -2.55% is once again testing the $31k mark, while ETH -1.28% inches towards $1.9k, reflecting a general rise in most large cap assets today. SOL -6.48% continues to show relative strength, moving above $22 on the day, a rise potentially attributable to improving DeFi user data. DeFi 1.0 coins, such as COMP -6.98% and AAVE -6.08% , are outperforming the majors, suggesting continued momentum within the DeFi sector. Today's standout performer in the broader crypto...
Binance Adds Support for Ordinals NFTs, Goldman Sachs Crypto Survey Reveals Mixed Results
Equity markets slid lower today as investors await CPI data tomorrow and discussion over the debt ceiling later today. SPX and QQQ are trading at -0.4% and -0.6% relative to yesterday's close after opening lower, whilst DXY and US10Y are up by 0.3% and 0.4% on the day. Digital asset markets are also following suit, with BTC -2.55% and ETH -1.28% sliding by 1.5% and 1.0% over the past day. Many have pointed...
Traditional equity indices are under pressure today following yesterdayâs 25bps interest rate hike and additional regional bank weakness. The SPY 0.00% (-0.72%) and QQQ (-0.31%) are approaching last weekâs lows, while the DXY (+0.33%) is rising after Fed Chair Powell reiterated his stance that the inflation fight is far from over. BTC -2.55% and ETH -1.28% are in line with equities today, falling 0.66% and 0.87%, respectively. Meme coin PEPE has skeptics shaking...
The NDQ has slid 0.3% on Monday as investors anticipate corporate earnings reports from major tech companies, while the SPX is effectively flat. Investors are closely watching for earnings results from mega-cap tech firms, including Alphabet, Microsoft, Amazon, and Meta, marking the halfway point of the earnings season. Both BTC -2.55% and ETH -1.28% are moving lower in concert with major equity indices, and most altcoins, including MATIC -3.81% and SOL -6.48% , are following...
March's Producer Price Index (PPI) data showed a downside surprise this morning, coming in at -0.5% MoM versus 0.0% expected and Core PPI at -0.1% MoM versus +0.2% expected. Traditional markets are rallying as the combination of CPI and PPI data has helped ease fears of inflation reaccelerating. The SPY 0.00% and QQQ have risen 0.83% and 1.49%, respectively, while the DXY (-0.61%) is approaching its 2023 lows. Crypto markets are...
Investors are bracing for a week of critical economic data, including CPI and PPI data for March, which will be released on Wednesday and Thursday, respectively. Investor concerns about the possibility of another rate hike rose following Friday's robust employment data. Nonfarm payrolls saw an increase of 236,000, close to the Dow Jones estimate of 238,000, while the unemployment rate dropped to 3.5%. In addition to economic data, major banks,...
Cryptoassets are surging this Monday afternoon due to continued turmoil in the banking industry and a violent repricing of rates. Despite the government guaranteeing customer deposits of the fallen SVB and Signature Bank, investors are keyed in on the unrealized losses remaining on the balance sheets of regional banks. As we discussed on Friday, we anticipated an orderly wind-down of SVB and that rates rolling over would benefit cryptoassets. BTC -2.55% ...
