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Thursday, August 15, 2024

American Market Recap: US stocks hit fresh highs. Nasdaq up 12% from last Monday

US stocks hit fresh highs. Nasdaq up 12% from last Monday

Crypto markets have often been front-runners of market sentiment but it's not unfolding that way today. Bitcoin is down 3.6% but stocks are at the highs of the day, with the Nasdaq up 2.5%. The diverg... 

tranche

Bank of America fund manager survey highlights optimism in a soft landing, equities

Volatility in in August markets led to something of a reset in markets, with high-conviction trades being tested by rapid drawdowns. Zooming out though, fund managers have a relatively consistent view... 

Bitcoin skids to test the lows of the week, falling nearly $2000

Bitcoin has fallen nearly $2000 in the last 30 minutes, dropping to $57,600. The low so far matches the one from earlier in the week and that should provide some support. bitcoin hourly A break lower... 

Oil bounces on stronger signs from the US consumer

WTI crude oil daily Consumers still have money to fill their tanks or fly away. That's the message from today's US retail sales report and commentary from executives at Walmart. Both emphasized a stro... 

Barclays frontloads next BOJ hike to January from April

BoJ Barclays has moved up its forecast for the next Bank of Japan rate hike to January 2025, citing anticipated labor cost pass-through to service prices and a clearer outlook on wage hikes for FY25.... 

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Latest Forex Orders

FX option expiries for 15 August 10am New York cut

There are a couple to take note of on the day, as highlighted in bold . The first being for EUR/USD at the 1.1000 mark. That continues from yesterday and there will be large expiries at the figure lev... 

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