Investors Await NFP to Validate Their Fed Rate Cut Bets

Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25 bps cut at the Federal Reserve’s September meeting. […]

Yesterday was could’ve been worse. A more than 6% drop in Nvidia somehow limited the S&P500 gains, but many stocks in the S&P500 gained yesterday after the latest GDP update came in better than expected and pointed that the US economy has grown 3% in the Q2 versus 2.8% printed earlier. The consumer spending almost […]

On January 11, the highly publicized Bitcoin ETF began trading after it was officially approved by the SEC. On this day, the price of Bitcoin exceeded USD 48,800, as shown by the chart. Bloomberg writes that new US spot funds achieved net inflows of USD 819 million in the first two days of trading. However, […]