Crypto markets flatlined over the weekend, as investors licked their wounds following the massive $700 billion rout last week. The following several days could see more volatility with more government shutdown data on the way and a key inflation report. US President Trump reiterated his 100,000 target for the Dow Jones as US stock futures rose […]
The crypto market selloff continued over the weekend as investors were rattled by US President Trump’s pick for the Federal Reserve chair. The new Fed chair, Kevin Warsh, is viewed as hawkish and may not cut interest rates as fast or as much as investors expected, given his stance on inflation. “It’s all about the […]
Markets will be digesting the latest round of tariff threats from US President Trump and a potential US government shutdown this week, in addition to ongoing geopolitical tensions. Add to that the Federal Reserve meeting and rate decision, and more inflation data, and we’re in for a rollercoaster ride this week. “Buckle up for a huge […]
Crypto markets reclaimed the psychological $3 trillion market cap level over the weekend, and for the first time in a while, there has been no late Sunday dump. The week ahead is likely to be limited in volatility due to subdued trading over the Christmas holiday period. Some GDP data is due, but there are […]
The interview for the new prospective chairman of America’s central bank will happen on Wednesday, reported the WSJ, citing people familiar with the matter. Pro-crypto Waller, whom Trump originally appointed to the Fed board in 2020, has been a leading advocate for rate cuts this year and could take over when Jerome Powell’s term ends […]
Bitcoin has tanked again in a typical and now repetitive late Sunday slump, sending the asset below $88,000 briefly. “Mass amounts of economic data from the government shutdown have officially arrived,” said the Kobeissi Letter, highlighting key inflation reports out this week. Meanwhile, US President Trump has touted the success of his trade tariffs, claiming […]
“With quantitative tightening [QT] ending, the Fed is back in the bond market, and the drain of cash from markets may be behind us,” Coinbase Institutional stated on Wednesday before adding, “That’s usually good for risk-on assets like crypto.” The findings came in the company’s monthly outlook report, which took a deep dive into why […]
The focus this week is on labor markets and backdated PMI reports, with September’s PCE inflation report also due. Investor outlook mostly improved last week as rate-cut expectations firmed, with CME futures pricing an 87% chance of a rate cut on December 10. Meanwhile, President Trump says he has decided who will be the next […]
The US Federal Reserve did what many anticipated and lowered the key interest rates by 25 bps earlier today. Although such a move is typically regarded as bullish for risk-on assets like crypto, the reality is that the immediate effect has been anything but positive. Even before the FOMC meeting, though, many expected such behavior […]
The US government’s economic data blackout continues, with the shutdown entering day 23. There has been no September jobs report, any key inflation data, or initial jobless claims for weeks. Additionally, the Fed has lost access to key private jobs data from ADP, covering 20% of private workers, reported the WSJ and Kobeissi Letter. “The […]