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US equities remained under pressure yesterday after the JOLTS report revealed that the US job openings unexpectedly fell further in July to the lowest level since 2021. The US yields, the dollar and most major equity indices fell. On the other hand, the USDJPY dropped to the lowest levels since the beginning of August as the Bank of Japan (BoJ) Governor Ueda added more fuel to fire saying that the bank will continue to raise the borrowing costs if needed. So you understood, we are living a situation of deja vu: rising dovish Federal Reserve (Fed) expectations combined with rising hawkish BoJ bets result in a movement of capital out of the risk of equities, and a flight into the safety of the Japanese yen. But this time around, the price action is not triggered by the actual data, but by the fear of seeing a second month of disappointment in the US jobs data. Today, eyes are on the ADP report. The official jobs data is due tomorrow. While waiting, we will also be watching the ISM figures, Broadcom earnings and the weekly crude oil inventories report. US crude slipped below $70pb yesterday despite OPEC’s earnings that they could step back on their plan to increase production next month. Listen to find out more!

September began on an ugly note, to say the least. The bonds gained and US equities tumbled after the latest ISM data showed a fifth month of contraction in the US manufacturing, and at accelerated pace. The latter revived the recession worries ahead of this week’s critical US jobs data, and sent the S&P500 more than 2% down. This was the worst selloff since August 5, when a weak jobs data from the US had boosted the recession worries, the expectation of a 50bp cut from the Federal Reserve (Fed) and resulted in an almost 10% selloff of the S&P500. The technology stocks led losses, yesterday. Nasdaq 100 dived more than 3%, as Nvidia tumbled nearly 10% as part of the broader macroeconomic worries and suspected AI fatigue, and another 2.42% in the afterhours trading on news that the DoJ sent subpoenas to the company. Crude oil fell 5%. All eyes are on the US jobs data – which has the potential to either make things worse or throw a floor under the recent risk selloff. Today, the job openings data is expected to show fewer job openings. On Thursday and Friday, the ADP and the official jobs data are expected to show a rebound in hiring and wages. And good news will be good news when the US reveals its latest jobs figures this week. Listen to find out more!

The new week started with caution. The US and Canada were off, and news from Europe weren’t exceptional. The data released on Monday showed that the manufacturing PMI figures for August were slightly higher than expected, but numbers in major Eurozone countries remained below 50, in the contraction zone for another month. Volkswagen announced unprecedented factory closures in Germany. But the European indices gained, along with the euro. Mood is different this morning, with the US dollar broadly in demand against major peers. All eyes are on the US jobs data this week. Investors around the world needs the Federal Reserve (Fed) to start cutting the rates as the sluggish China and slowing developed economies weigh on sentiment. Commodities and metals are under pressure, as mining companies are struggling to maintain the reflation enthusiasm alive. And speaking of enthusiasm or the lack thereof, September is blamed to be a bad month for both equities and credit. And at the historically high levels, with a decent level of uncertainty regarding what the Fed should (and what the Fed will) do, the geopolitical tensions, war, energy crisis and so, there is little to make this September better than the others. Listen to find out more!

August ended on a positive note. Friday’s data showed that the US PCE and the core PCE index stagnated near the levels printed a month earlier instead of a small uptick. Most US and European indices ended August at, or near record high levels, as tech-heavy Nasdaq underperformed. This week, attention shifts to the all-important US jobs data this week – the last one before the Fed is due to start cutting its rates in September. This week’s data, could possibly see stronger-than-expected figures for August, which could further tame the jumbo cut expectations for the Fed and favour the scenario where the Fed would cut its rates by 25bp for the three remaining meetings this year. A sufficiently strong data could even boost the expectation that the Fed will cut only 2 times this year, by a total of 50bp. I believe that there is a greater chance for a hawkish revision in Fed expectations than a dovish one. Listen to find out more!

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, while core prices eased more than expected. The US dollar rebounded, and growth, reflation friendly stocks did well. Among them, the Stoxx 600 came close to a record. The euro weakened on the back of soft German and Spanish inflation update. In Japan, a mixed bag of data helped the USDJPY stabilize near 145 level. Today, the US will release the latest core PCE index, the Fed’s favourite gauge of inflation. The data is expected to hint at a tiny rebound in July. A stronger-than-expected read could lead to a further USD recovery. But even in that case, the Fed doves are more interested in jobs data than inflation figures. What would really change the game is… a strong jobs data from the US next week. Listen to find out more!

What are Bitcoin's next steps? Will see a more positive September? 00:00 Intro 00:22 Preview 00:48 Bitcoin 03:41 Ethereum 07:22 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Nvidia generated a record $30bn in sales in Q2 – up by 122%, the profits surged 166% to $16.6bn, the company said that they expect to sell $32.5bn in the current quarter (more than $31.9bn expected by analysts) and announced a $50bn share buyback program. It could hardly do better. But investors focused on Blackwell delay & rising competition. Elsewhere, Super Micro Computer dived another 20% yesterday after announcing that they will delay filing its annual financial disclosures – a day after Hindenburg threw mud on the company saying that they had ‘glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures and customer issues’. The delaying of the report naturally raises the odds that they might be right. All in all, mood in the Big Tech is not great this morning. But the British and European futures seem little affected by Nvidia news. The futures point at a positive start this morning, and the waning appetite in Big Tech could cause more rotation toward the non-tech sectors as the Fed is on course to start cutting its interest rates in a couple of weeks. Eyes are on the US GDP update & Eurozone CPI figures for the next two sessions. Listen to find out more!

The markets were calm yesterday, the European stocks extended gains, while the S&P500 and Nasdaq consolidated a bit lower than their ATH levels. A $69bn sale of US 2-year debt went well, the US 2-year yield extended losses and the US dollar rebounded from the lowest levels of the year. Crude oil, which rallied to its 200-DMA on mounting tensions in Middle East and Libya, failed to break offers at this level and fell nearly 2% as most traders brought the global growth concerns and the sluggish Chinese recovery back on the table. The barrel of US crude eased to $76pb level and is consolidating near this level this morning. We will probably have another calm trading session today, as investors will not be willing to move mountains before they see the latest results from Nvidia, that are due to be released today, after the closing bell. The expectations for Nvidia’s Q2 results are sky-high, of course. In numbers, Nvidia’s own revenue forecast is a whopping $28bn of sales in the Q2 of this year. That’s more than the double of the money the company made a year ago And the market expectations are even more than that: they range between $27 and $32bn. Listen to find out more!

The week started on mixed feelings. The rising geopolitical tensions in the Middle East, and between the West and China, and a pullback across the big technology stocks casted shadow on the optimism that the Federal Reserve (Fed) is about to start cutting the interest rates in September. The US yields and the dollar rebounded on Monday. Crude oil jumped on the tense geopolitical environment in the Middle East and on rising tensions within Libya. In China, the market selloff continues; the CSI 300 index trades at the lowest levels since February. Canada announced that it will impose tariffs of 100% on Chinese-made EVs and 25% on steel and aluminium to protect its domestic manufacturers. The Chinese e-commerce giant PDD – the owner of Temu – plunged nearly 30% on Nasdaq and recorded its biggest one-day lost ever, after the company warned of slowing sales as the competitors like Alibaba also increase efforts to attract budget-aware customers. Zooming out, KraneShares CSI China internet ETF posted its worst weekly outflow in 2 years, as investors moved money into EM bonds on Fed rate cut bets. Listen to find out more!

‘The time has come for policy to adjust, and the direction of the travel is clear’ said Federal Reserve (Fed) Chair Jerome Powell at his Jackson Hole speech on Friday and kept the door open for large cut bets. US yields and the dollar softened, equities rallied. All eyes are on the US GDP update and the core PCE data, before next week’s all-important jobs report. Elsewhere, the Eurozone countries will reveal their flash August inflation numbers and any softness in European inflation figures could revive the European Central Bank (ECB) doves and balance out the dovish Fed expectations. In energy, Us crude gained on Friday along with risk assets, and bulls are joining in this morning on news that Israel has declared a 48-hour state of emergency after launching a pre-emptive strike on Hezbollah sites in Southern Lebanon, in anticipation of a response to last month’s assassination of its military chief. In individual equities, Nvidia earnings are due after the Wednesday’s closing bell, and the expectations remain sky-high. Listen to find out more!

US stock markets sold off yesterday, as investors trimmed their long positions walking into Federal Reserve (Fed) Chair Jerome Powell’s Jackson Hole speech due later today – where he is expected to douse the jumbo rate cut expectations. US yields and the dollar rebounded, equities fell. There is more room for correction as the swap markets still price in 95bp cut from the Fed, and this pricing looks overstretched. We are all holding our breath into Powell’s speech. What has been a calm week could see a last minute volatility. Powell will probably not show up with a game-changing speech today, but his words should temper overpriced cut expectations. If that’s the case, we shall see the US dollar rebound from oversold levels, yet appetite in stocks could remain intact with prospects of lower rates into the year end. Listen to find out more!

Is the Solana ETF gone for good or just removed from the CBOE website? 00:00 Intro 00:22 Preview 00:47 Bitcoin 04:00 Ethereum 06:01 Solana 08:20 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The combination of dovish Fed minutes and the big downside revision to the annual payrolls number (-818K jobs!!) sent the US yields lower and the dollar lower yesterday. Gold consolidated near the $2500 per ounce as the risk on environment directed capital toward the stocks rather than the safe haven gold, while crude oil extended losses to the lowest levels since August despite a 4.6-mio barrel decline in US oil inventories last week. What’s interesting is, about three weeks ago, when the US had released weak jobs data, the US dollar had fallen on the rising recession odds for the US and the stocks had fallen as well but yesterday, the equity market’s reaction to the BLS revision was completely different: they gained! Walking into the meeting, the swap markets are back to pricing in a 100bp cut from the Fed before the end of this year. The latter implies a jumbo rate cut at one of the last three FOMC meetings of the year. And because a jumbo rate cut wouldn’t arrive unless there is a deeper economic and financial trouble, the market pricing of the moment is unsustainable for either the US dollar – which has gone too low with the expectation of a 100bp cut, or the stock markets – which have gone too high with the same expectation disregarding the fact that economic trouble is never good for profitability. Listen to find out more!

There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. The US dollar index took another dive, however, and hit the lowest levels since the beginning of January. The EURUSD spiked past the 1.11 level, Cable jumped past the 1.30 psychological mark. Even a dovish statement from the Riksbank and soft inflation numbers from Canada couldn’t prevent the US dollar from extending gains against the Swedish krona and the Canadian dollar. As such the Us dollar is oversold. Gold is nearly overbought at ATH levels and the levels call for correction! Listen to find out more!

The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. Both the Big Tech and small companies in the US gained with the thought of an approaching rate cut in the US. Even the energy stocks had a good session despite a heavy selloff in crude oil, which was triggered by the news that Israel accepted a ceasefire proposal in Gaza if Gaza says yes. In individual stock news, AMD announced to buy ZT Systems to increase ‘its capabilities and expertise to optimise solutions at the systems, rack and the data center levels’ to compete with Nvidia. AMD jumped 4.5%. The news didn’t tame appetite for Nvidia, which also rallied more than 4% and closed the session at $130 per share. Even Intel gained yesterday. Elsewhere, the European Stoxx 600 also opened the ween on a positive note and jumped above the 50 and 100-DMA, and the Japanese Nikkei 225 is better bid today after a moody Monday on a yen rebound. I expect the market mood to remain mainly optimistic into the Jackson Hole meeting with no major data points to hamper optimism. The US dollar remains weak – too weak – into that speech, the EURUSD consolidates gains near 1.1080 before today’s CPI read and Cable tests the 1.30 offers supported by relatively strong fundamentals. Actually, the UK printed the best GDP growth among major economies – including the US – in the first half of the year! Listen to find out more!

The market mood got a further boost yesterday after the latest data release from he US hinted that the economy is not doing that bad, after all. The US yields and the dollar rebounded, stocks and crude oil gained. Investors are now going back to the soft-landing dreaming and that will – along with the rising JPY carry trades – should help the markets close the week on a positive note in Europe and the US. Things look less rosy for China though. Although Alibaba and JD.com are in a better shape today, the Q2 results were less than ideal and the latest data from China was less than appetizing. And the sluggish Chinese growth keeps oil and metals under pressure and counters the reflation vibes. Listen to find out more !

It's been two weeks since I left, and in that time, the markets plunged into chaos. Now that I'm back, things have finally returned to calm waters. In this episode, we talk about the unwind of the yen carry trades, the weakness of the US jobs data and the market’s overreaction to both. We also talk about how inflation numbers are supportive of further rate cuts from the Fed and other major central banks and how these expectations should impact pricing across the FX markets. Listen to find out more!

After the crash last week, Ethereum and the cryptos are slowly coming back. We're looking at the ETF Flows and other news from the blockchain world! 00:00 Intro 00:25 Preview 00:56 Bitcoin 05:10 Ethereum 06:57 Solana 08:20 Ripple 10:08 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

That was one of the toughest weekends in crypto, but is the worst over or still to come? 00:00 Intro 00:20 Preview 00:27 Crypto-Crisis 03:11 Bitcoin & Ethereum 06:12 Solana 06:45 Expectations 07:08 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Trump appeared as a main speaker at the Bitcoin conference, but was he able to convince people? 00:00 Intro 00:22 Preview 00:43 Bitcoin 03:36 Ethereum 05:51 Solana 07:26 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The Bank of Japan (BoJ) raised its rate to 0.25% as cautiously expected and announced that it will reduce the monthly bond purchases in a predictable manner. The JGB yields and the yen rose. Across the Pacific, the Federal Reserve (Fed) also started its two-day policy meeting and will announce its decision later today. The Fed is not expected to make a change to its rates today, but is widely and wildly expected to hint at a September rate cut. But that expectation is not helping the major US indices to stay afloat. Beirut explosion, a swift flight to safety and a renewed selloff across the Big Tech stocks weighed on major US indices yesterday. The S&P500 fell 0.50% while Nasdaq 100 slid around 1.40%. Nvidia tumbled 7% to its 100-DMA. But, Nasdaq futures are in a better shape this morning following a 7.5% rally from AMD after raising its forecast for AI accelerators. Microsoft, on the other hand, didn’t blow anyone’s mind when it reported earnings yesterday as Azure growth disappointed. Meta, Amazon and Apple will be revealing their Q2 earnings later this week. Listen to find out more!

There is a sense of hope in the market this Monday morning after Friday’s PCE data boosted the expectation that the Federal Reserve (Fed) is getting very close to signaling its first rate cut in September. The US yields and the dollar are under pressure this Monday morning, the euro and sterling are better bid, while tension among the Japanese yen bulls mount ahead of the Bank of Japan (BoJ) decision; the BoJ is expected to announce QT and lower rates this week. In equities, Friday was a better day for the Big Tech stocks in the US. Roundhill’s Magnificent Seven ETF rebounded 1%. But overall, last week saw accelerated rotation flows as capital moved out of Big Tech and into smaller and non-tech sectors of the market, driven by rising Fed cut bets and disappointing earnings from Google and Tesla. 4 of Magnificent Seven companies : Microsoft, Meta, Apple and Amazon are due to announce their Q2 earnings this week. Their results should not only meet but also beat the sky-high expectations. Elsewhere, crude oil is better bid this morning on mounting geopolitical tensions in the Middle East. OPEC+ will meet this and could announce a delay for scaling back of production cuts. Listen to find out more!

We went from ‘the Federal Reserve (Fed) could hardly cut in September’ to ‘it would be a mistake not to cut in July or September’ (source: Mohammad El Erian’s Linkedin feed) in a blink of an eye. We’ve been seeing the lower S&P500 and Nasdaq countered by a rise in economically sensitive sectors since about two weeks now. And diving into the S&P500, around 300 of the stocks in there actually gained yesterday, US crude rebounded after testing the $77pb support and the Rusell 2000 stocks rallied 1.26% – reinforcing the rotation trend – from tech to non-tech - after the latest growth update showed that the US economy not only secured a 2% growth but grew at an impressive pace of 2.8% last quarter – double the first quarter number which had seen the growth rate fall to 1.4%. Interestingly, the US strong GDP read yesterday didn’t discourage the Fed doves yesterday. All eyes are on the core PCE data today. Unfortunately, European stocks don’t benefit from the reflation vibes as earnings from the European companies fail to keep investors optimistic about the future. Listen to find out more!

Underwhelming results from Tesla and Alphabet painted the equity markets in the red yesterday. The S&P500 experienced its worst selloff since December 2022, Nasdaq 100 tumble as Roundhill’s Magnificent 7 ETF dropped more than 6% yesterday. Also, from a broader perspective, the fact that the Federal Reserve (Fed) cut expectations are rising is not positive for the Big Tech stocks as these behemoths were seen as a safe place to hide when the rates were high, and could see their advance wane due to a sector rotation. For the bears who were waiting in ambush, the time of correction may have come and could erase 10-15% from the S&P500 if the upcoming earnings can’t turn the wind. In the FX, the fact that the Fed and the market is preparing to cut should keep the US dollar index under pressure, although the rising Fed cut bets also softens the dovish central bank expectations elsewhere and should limit the potential weakness of the greenback. The long yen trade is gaining momentum. The USDJPY fell to 152.23 due to rising bets on a Bank of Japan (BoJ) rate hike and the unwinding of carry positions. The major risk is that the Bank of Japan (BoJ) might refuse to hike next week, causing the entire long yen trade to collapse. But that’s probably just a bad thought. Listen to find out more!

The first view on Big Tech earnings wasn’t inspiring. Tesla’s earnings missed estimates for the 4th consecutive quarter as revenue from car sales declined 7%. Shares slashed almost 8% in the afterhours trading. Over at Google, the parent Alphabet reported the smallest earnings beat since early 2023 and the share price fell 2% in the afterhours trading. As such, two of the Magnificent 7 stocks failed to create euphoria when they reported their Q2 results yesterday. The S&P500 and Nasdaq both closed yesterday’s session with small losses, and the futures are both in the negative this morning. In Europe, the news weren’t much better. LVMH saw its ADRs decline almost 5% after announcing that revenue in China-region fell 14% in Q2 – in line with a broad-based weakness in other luxury houses across Europe as well. Copper futures are down by 20% since the May peak, while US crude cleared the 200-DMA without much problem despite a 3.9-mio-barrel fall in US oil inventories last week In the FX, the US dollar index was slightly stronger yesterday despite weak data, the euro and sterling retreat while the yen strengthens on bets of Bank of Japan (BoJ) hike next week. Later today, the Bank of Canada (BoC) is expected to cut rates by 25bp. Listen to find out more!

Week started on a bullish note in Europe and the US as Jow Biden’s decision to leave the presidential race didn’t impact the market mood. Major US and European indices rebounded, mega cap led gains and the US dollar weakened. Tesla and Google are due to report earnings today after the bell, and their results – or the reaction to their results – could shift the wind in either direction. In energy, US crude slipped below the $80pb psychological and Fibonacci support and tipped a toe below the 200-DMA despite a surprise People’s Bank of China (PBoC) rate cut, the reflation-positive market environment and supply concerns on rising geopolitical tensions in the Mid-East and Canadian wildfires. Listen to find out more!

Joe Biden threw in the towel and announced that he quits the presidential race this weekend. The early polls show that Harris is a favourite to become the new Democrat nominee, but that Donald Trump is still expected to win the November’s presidential election. The Trump trade could lose some steam but will probably not get reversed if Harris doesn't make a material difference in the polls quickly. The latter expectation was reflected with a brief post-announcement selloff and a rebound in Bitcoin. The US dollar is slightly softer across the board. Stock futures in Europe and the US are in the green while the Treasuries show muted reaction with small gains at the beginning of a new week. But the week started looking unappetizing in Asia. Equities in Australia and China fell despite a surprise rate cut announcement from the People’s Bank of China (PBoC), while TSM kicked off the week with a 3% fall after last week erased more than 3.5% from the technology-heavy Nasdaq stocks in the US. The S&P500 fell nearly 2% over the week, while the Russell 2000 printed a 1.50% advance despite erasing more of the earlier gains on Friday. Markets will focus on US GDP update, core PCE index and earnings from Tesla and Google this week. Listen to find out more!

TSM announced better-than-expected quarterly results and lifted its growth projections for this year’s revenue. Good news helped limiting the previous day selloff in chip stocks yesterday but couldn’t prevent the S&P500 and Nasdaq 100 from closing Thursday’s session with losses. Week brings a lot of questions regarding the remaining potential of the AI rally… In politics, Biden is under an unbearable pressure to leave the presidential race because he is too old. Many Democratic heavy weights are now turning their back against the President. Even Barrack Obama said he should consider stepping down. And there are rumours that he could throw in the towel as early as this weekend. If that happens, we could see the Trump trade gain further momentum. Some ask how long this Trump trade will last. The answer is a few weeks, maybe a few months, time to give the non-tech pockets of the market to catch their breath and the tech to correct following a breathtaking year-and-a-half rally. But in fine, factors like the Federal Reserve (Fed) and other central banks’ policy decisions, the international trade tensions, the global growth prospects, China, climate and idiosyncratic factors like AI should say the last word on the overall direction of the global stock markets. Listen to find out more!

While everyone is speculating on how the ongoing international trade war could worsen if Donald Trump returns to the White House, it was Joe Biden who delivered a blow to the market yesterday as his administration told allies that it’s considering severe restrictions if companies like the Japanese Tokyo Electron and Dutch ASML keep providing China the tools they need to access advanced chip technology. Chipmakers tanked and pulled major indices lower. Let’s see if earnings from Netflix and TSM could put a smile back on investors’ face and help TSM – which lost 8% yesterday – recover a part of these losses. Yesterday’s big tech selloff hit sentiment in small caps too. The Russell 2000 gave back 1% as the US 2-year yield rebounded slightly on cautious comments from the Federal Reserve (Fed) Christopher Waller’s comments that the Fed is getting ‘closer’ to cutting rates but he needs more evidence that inflation is on a solid downside trajectory to back a concrete move. The selloff in the US dollar index accelerated as the index pulled out a crucial Fibonacci support – the major 38.2% retracement on year-to-date rally. The move was helped by suddenly stronger Japanese yen (suspected to have benefited from a new FX intervention) and stronger Cable following yesterday’s stronger-than-expected inflation data from the UK. The EURUSD consolidates. Listen to find out more!

Has the German government completed the sell off of their Bitcoins? Can we finally return to up only? Let's see... 00:00 Intro 00:24 Preview 00:53 Bitcoin 04:22 Ethereum 05:48 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The S&P500 hit a fresh record this year for the 38th time on Tuesday, banks rallied on earnings which showed that the big banks’ trading revenue jumped nearly 20% in Q2 and investment banking revenues rose significantly on increased dealmaking. The technology-heavy Nasdaq 100 lagged, with smaller gains. The Russell 2000 rallied another 3.5%, on the other hand, hinting at a developing sector rotation from Big Tech to others. Gold gained, oil fell, and the US dollar is under pressure, as the EURUSD drills above the 1.09 mark and Cable tests the 1.30 offers after a set of stronger-than-expected inflation data eased the Bank of England (BoE) rate cut bets for August. Listen to find out more!

The market uncertainties loom as different trades – Trump trade, reflation trade, China trade and AI trade – have diverging impact across regions and sectors. On the data front, investors will focus on Canadian inflation print and the US retail sales, and UK inflation and jobs data later this week. Retail sales in the US are expected to have fallen 0.2% in June. Such weakness would back the Fed’s easing inflation story and further reinforce the expectation of a September Fed cut. We could then see the US dollar index make a decisive move below a major Fibonacci support and help major peers clear important resistances. Listen to find out more!

Donald Trump got this close to being assassinated this weekend while he was giving a speech in an election rally. The tragic event boosted the chances that Trump will win the presidential election in November. Bitcoin rallied, gold remains surprisingly unreactive as the US dollar gained and futures point to gains at the open as investors will increasingly focus on earnings. Besides big banks, Netflix and TSM are due to release earnings this week. In the FX, the euro is set to extend gains against the USD ahead of Thursday’s European Central Bank (ECB) meeting while Cable could see resistance near the 1.30 mark ahead of Wednesday’s CPI update. In energy, US crude is under pressure following sluggish Chinese growth data as the Chinese Communist Party starts a once-in-five-years meeting to address major issues in the country. Listen to find out more!

The softer-than-expected US CPI data sent the US yields and the dollar tumbling, and most majors rallying against the greenback. The USDJPY particularly attracted attention as traders tried to understand whether the move was natural, or it was somehow exacerbated by a Bank of Japan (BoJ) intervention. In equities, the S&P500 and Nasdaq fell sharply yesterday after the US CPI data. The sharp rise in Fed rate cut bets and falling yields looked like they didn’t give support to the major US indices, but they did. The S&P500’s equal weight index jumped 1.20%. The flight from Big Technology to other sectors, the reflation trade, was big like a mountain at yesterday’s trading session. But it also came as a proof that, no matter how hard the other sectors rally, if the bleeding in Big Tech stocks is not contained, the major indices will suffer. Today, attention shifts to earnings. The Us big banks will open the dance today. Listen to find out more!

Why was the ETH ETF delayed, will we see it before August? In today's episode we'll talk all things ETF (also Solana!) 00:00 Intro 00:24 Preview 00:53 Bitcoin 03:59 Ethereum 07:06 Solana 08:48 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The S&P500 and Nasdaq renewed record as bonds remained bid and US dollar soft after Federal Reserve (Fed) Chair Powell’s semiannual testimony and ahead of today’s US CPI update. Technology stocks led gains on encouraging news from Taiwan, Apple rallied nearly 1.9% on optimistic iPhone sales forecast, US crude jumped after tipping a toe below the $81pb yesterday as the latest EIA data showed a 3.4-mio barrel fall in US oil inventories last week and as OPEC revised its global economic growth forecast slightly higher to 2.9%. A set of data above expectations could slow down the doves and call for a correction in both equity and bond markets into the weekend. Figures in line, or ideally softer-than-expected - if also combined with soft weekly jobless claims - should keep the Fed doves in charge of the market, further boost appetite for bonds and pressure yields and the US dollar to the downside and give a further support to the equity rally. Listen to find out more!