Key Takeaways: 💰 Dollar slumps amid recession fears 📉 U.S. Treasury yields drop significantly 💵 Market expects U.S. Federal Reserve to cut interest rates in September 🗓 Wells Fargo projects two 50 basis-point rate cuts at upcoming meetings 🇨🇭 Swiss Franc and yen see safe-haven demand 📈 Swiss Franc soars to seven-month high against the … Read more
Key Takeaways 💹 Swiss franc rises to highest level against euro in nearly a decade 📉 Franc has increased by 3.5% against euro since U.S. Federal Reserve interest rate decision 🗓 Franc hits highest level since January 2015 when Swiss National Bank scrapped euro cap 🏦 Swiss National Bank declines comment on franc’s strength and … Read more
Key Takeaways: 💰 Japanese Finance Minister Shunichi Suzuki is closely monitoring exchange-rate moves after a stock market rout. 📉 Authorities aim for stable foreign exchange rates that reflect economic fundamentals. 🤔 It is challenging to determine the cause of stock declines according to Suzuki. 📉 Japan’s Nikkei stock average fell by 13% to a seven-month … Read more
Key Takeaways: 📉 Japanese yen surged to a 7-month high against the dollar 📉 Weak U.S. labor data causing recession worries and expectations of rate cuts 📉 Global sell-off in stock markets, oil, and high-yielding currencies 💰 Investors seeking safety in cash amidst market volatility 📉 U.S. Treasury yields falling, stock indexes in the red … Read more
Key Takeaways: 💹 Most Asian currencies moved in a tight range on Monday 📉 Japanese yen strengthened sharply on safe haven demand 🏦 Prospect of more interest rate hikes by Bank of Japan boosted yen 📊 Sentiment towards regional markets impacted by a sell-off in risk-driven assets 📈 Yen was the best performer in Asia … Read more
Key Takeaways: 📉 Bitcoin and ether drop to multi-month lows amid U.S. recession worries 🛡️ Cryptocurrency market impacted by broad selloff in global equities 🚀 SEC approval of ETF boosted crypto markets earlier in the year 🌐 Rising geopolitical worries contribute to negative market sentiment 💰 Bitcoin at risk of further decline if trend channel … Read more
Key Takeaways: 💸 Bitcoin experienced a 5% tumble on Sunday, falling to around $59,357. 🚀 Crypto markets saw a boost after the SEC approved an exchange-traded fund. 🌎 Bitcoin fell alongside other assets, causing uncertainty in the market. 💰 Bitcoin’s price has dropped by around 5% and is nearly 20% down from its March 2021 … Read more
Key Takeaways: 💲 Bitcoin fell 5.69% to $58,987 at 15:58 GMT on Sunday 📉 Earlier, Bitcoin fell 3.98% to $60,050 at 19:50 GMT on Saturday 📉 The decrease in price is significant and may indicate market fluctuations 💰 Bitcoin’s price has dropped by 5.69% to $58,987 💡 Understanding market trends and factors affecting cryptocurrency prices … Read more
Key Takeaways: 💵 Weaker-than-expected US employment report led to a four-month low for the dollar 📉 Traders predict a 71% probability of a 50 basis point rate cut by the Federal Reserve in September 🔍 Other indicators do not point to a sharp economic slowdown, despite weak jobs data 🌐 Bitcoin fell 2.74% to $62,878 … Read more
Key Takeaways: 💵 Dollar Index fell 0.2% in early European trade, continuing July’s weak performance 🇺🇸 U.S. manufacturing activity contracted, raising recession fears 📉 Economists expect U.S. to have created 177,000 jobs in July 🇬🇧 GBP/USD slipped after Bank of England cut interest rates 🇪🇺 Eurozone manufacturing activity in contraction, ECB may cut interest rates … Read more