Recap

This week was quite a volatile rollercoaster for the primary cryptocurrency and the rest of the market, perhaps driven by actions undertaken by the US government. Recall that BTC’s price had stalled at around $69,000 last…

It was another mixed day in the financial markets, as pre-NFP jitters had traders reacting quickly to leading U.S. jobs indicators. Meanwhile, a surprise build in crude oil inventories didn’t seem enough to stop the commodity’s rally,…

Intermarket price action was as mixed as a bag of nuts in the past session, as Treasury yields stole the show with notable gains, even though the U.S. dollar was on shaky footing. Meanwhile, gold and crude oil had another positive run…

The Greenback was off to a solid start this month and quarter, thanks to an upbeat ISM manufacturing PMI report. Consequently this led market players to tone down Fed easing bets for the year, spurring a selloff among risk assets, except…

Fed’s Bostic (hawk – voter) late Friday said that he changed his view and now expects just one rate cuts this year vs. two previously:Economy has proved more resilient than anticipated so much so that he's doubled his expected GDP…

TL;DR Bitcoin hit a new all-time high of over $73,500 but dropped to $65,000, now recovering to over $68,600. Upcoming FOMC meeting and BTC halving could drive another price surge. Shiba Inu (SHIB) saw a decline but…

Over the weekend, the Chinese Inflation data beat expectations by a big margin:CPI Y/Y 0.7% vs. 0.3% expected and -0.8% prior. CPI M/M 1.0% vs. 0.7% expected and 0.3% prior. Core CPI Y/Y 1.2% vs. 0.4% prior.Core CPI M/M 0.5%…

The U.S. dollar got its shine back this week, leveling up off of fresh U.S. inflation data pointing inflation rates picking up the pace in February. Overall, FX outcomes did show a slight risk-off lean, but the usual correlations weren’t…

Over the weekend we got the news that OPEC+ will extend the voluntary output cuts for another quarter. Saudi Arabia will extend its voluntary cut of 1 million bpd through the end of June as well with cuts to be reversed 'gradually',…

ECB’s Lagarde (neutral – voter) reaffirmed her patience stance with the usual focus on wage growth:We are not there yet on inflation.We have to get to 2% inflation sustainably.ECB must play its role in climate…