Category Archives: Market Overview

Pre-Market: Stocks Extend Losses on Next Round of US Tariffs

The main European and Asian indices and US stock futures are all significantly lower just before the Wall Street session, as Donald Trump announced that the administration will seek to extend the trade tariffs targeted at China. The extension would affect another $200 billion of products, and it would be a major escalation of the, […]

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Market Update: Stocks Retreat as Trade Risks Linger; Oil Markets Turn to OPEC

U.S. stocks drifted lower Monday, as lingering trade concerns between China and the United States curbed investor appetite for riskier assets. Stocks Decline Wall Street’s benchmark indexes headed lower in early-week trading, with the Dow Jones Industrial Average recording its fourth straight decline. Dow industrials settled down 102.94 points, or 0.64%, at 24,987.54. The broader […]

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Europe Drags Stocks Lower while Trade War Fears Return

The risk-off shift of Friday continued today throughout the major financial markets, with the German political standoff on migration weighing on investors sentiment as well, besides the emerging market troubles, and the trade skirmish between the US and China. All of the major US indices opened the week lower, with Europe clearly underperforming and Asian […]

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Let’s Break the Internet

Hi Everyone, Cardano is by far the most philosophical of all the blockchains in the crypto-space. Its protocol has been described as more of a batch of computer science principles, than a product with a roadmap. Like Ethereum, NEO, and EOS, Cardano is a platform for creating decentralized applications. It has some really smart people […]

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Market Update: Stocks Slide as U.S.-China Trade War Risks Reemerge

U.S. stocks declined Friday, with the Dow briefly falling more than 200 points after the Trump administration moved ahead with planned duties on Chinese goods, reigniting fears of a global trade war. Stock-Rally Falters Risks of an all-out trade war dragged equity prices lower, with all of Wall Street’s major indexes posting declines. The Dow […]

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Stocks Pull Back as Euro Rebounds after Carnage

Stocks are broadly lower today after yesterday’s mixed session, as European equities, which performed much better following the ECB’s meeting, also turned lower, following the major US indices. The losses are limited, as volatility remained relatively low, despite the week’s central bank bonanza that caused turmoil across asset classes. NASDAQ, 4-Hour Chart Analysis The NASDAQ […]

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Draghi Scores & Cryptos Celebrate

Hi Everyone, Finally some much-needed clarity! Just when some feared all was lost and crypto prices were showing signs of a potential plunge, some exciting news was delivered from the SEC in the United States, bringing with it the kind of optimism that we haven’t seen in months. The crypto markets are now celebrating and […]

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Market Update: Nasdaq Notches New Highs as Economic Data Fuels Optimism 

U.S. stocks traded mostly higher Thursday, with the Nasdaq notching its fifth record close in two weeks as pro-growth optimism continued to fuel risk appetite. Stocks Rally The technology-driven Nasdaq Composite Index advanced 0.8% en route to a record close of 7,761.04. With the gain, the index has returned more than 12% since the start […]

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Crypto Roundup: India Mulls New Regulation, Coinbase Targets High Rollers and Ethereum Is Not a Security

New developments around regulation and institutional adoption continue to flood the cryptocurrency markets, giving investors some reprieve from the gut-wrenching decline in prices. The potential for a policy U-turn in India tops the latest roundup amid reports that a government-appointed panel has opposed the central bank’s sweeping ban on cryptocurrency. Meanwhile, the largest digital currency […]

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A Crypto U-turn

A bit of good news to start the day, this from The Economic Times in India… This is has been a topic that we’ve been watching particularly closely over the past few months as the central bank of India (the RBI) announced a ban on cryptocurrencies on April 6th. Since then several crypto companies are […]

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Treasury Yields Up, Stocks Slightly Lower After Fed Rate Hike

The crucial part of the busy week in financial markets started today in late trading, as the aftermath of the Federal Reserve’s rate decision saw the usual elevated trading activity. The central bank raised its benchmark rate by 0.25% (to a 1.75-2% range) as expected, and gave a slightly more hawkish than expected guidance causing […]

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Market Update: Stocks Fall After Hawkish Fed Raises Interest Rates

U.S. stocks drifted lower Wednesday after the Federal Reserve raised interest rates and signaled that two more increases are likely this year. Stocks Sputter Wall Street finished mostly lower in a session marked by tepid trading conditions. The large-cap S&P 500 Index traded 0.4% lower t9 close at 2,775.63, with nine of 11 primary sectors […]

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Comparing Nasdaq and Bitcoin: What Lessons Can We Learn?

Over the past few months, lots of people have talked about the similarities between the .com bubble in the early 2000s and the bitcoin market today. It seems that the further down the bitcoin market goes; the more people are using this analogue to help them stay in the game for the long-run. One of […]

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Market Update: Stocks Steady as Fed Interest-Rate Decision Looms

U.S. stocks traded mostly higher on Tuesday, though gains were limited as traders shifted their focus to the Federal Reserve’s most important meeting of the year. Stocks Settle Mostly Higher The large-cap S&P 500 Index reported a gain of 0.2% to close at 2,786.85, its highest settlement in over three months. Six of 11 primary […]

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Market Update: U.S. Stocks Gain Amid Tariff Drama; Cryptocurrencies Stabilize After Crash

U.S. stocks advanced slightly on Monday, as markets shrugged off growing trade tensions between Washington and its powerful G7 allies. Meanwhile, cryptocurrency prices stabilized following an epic weekend crash. Stocks Continue Higher All of Wall Street’s major indexes finished in positive territory in the first session of the week. The large-cap S&P 500 Index advanced […]

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Derailed

Hi Everyone, Another day another crypto related hack. Even though the volumes traded at the crypto exchange known as CoinRail are rather insignificant, it seems that alternative investors are taking this hack quite seriously. Despite CoinRail freezing all trading and keeping its lips sealed about specific numbers, some reports indicate that about $40 million worth […]

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Market Update: Asian Stocks Steady as Investors Brace for Most Important Week of the Year

Stock markets throughout Asia traded higher on Monday, as investors cautiously awaited a flurry of activity tied to geopolitics and monetary policy over the next five days. Asian Stocks Trade Higher Markets from Japan to Hong Kong were off to a positive start Monday. Japan’s 225-issue Nikkei gained 0.6% by the early afternoon session. The […]

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Weekly Forecast: Geopolitics, Monetary Policy In Focus

The global financial markets will see plenty of action this week as geopolitics, monetary policy and cyber security disrupt what is usually a quieter period for financial assets. For non-correlated assets such as cryptocurrencies, developments surrounding institutional adoption, regulation and cyber security will continue to shadow market prices. Trump Touches Down in Singapore U.S. President […]

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Crypto Roundup: Bitcoin Whales, EOS Launch and Mike Novogratz’s Bullish Forecast

All is quiet in crypto land, as declining volatility and thin trading volumes keep price action to a minimum. However, in terms of news and speculation, the cryptocurrency market has plenty to offer. Our latest crypto roundup features some interesting new data on bitcoin whales, the prospective launch of EOS and a bold proclamation from […]

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Think Long Term and Short

Hi Everyone, The crypto-community may have done a fair bit of Buffett-bashing and even a bit of Dimon-drubbing of late, but the fact remains that these two men are legends in the field of finance and possess vast knowledge and wisdom especially when it comes to traditional finance. This week, the dynamic duo published a […]

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Pre-Market: Stocks Under Pressure as Dollar Jumps, Emerging Market Currencies Slump

The risk-off shift that we expected is playing today across the main asset classes, as emerging market currencies continue to signal distress ahead of next week’s crucial Fed meeting. European stock markets quickly are suddenly back near their “Italy-Crisis” lows and the previously leading US benchmarks are also significantly lower today according to futures markets. […]

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Market Update: Tech Sinks U.S. Stocks as Nasdaq Pulls Back from Record Levels

U.S. stocks diverged sharply Thursday, as technology shares dragged the Nasdaq from record levels while consumer sectors powered the Dow to three-month highs. Stocks Mixed The Nasdaq Composite Index declined for the first time in five sessions, falling 0.7% to 7,635.07. The pullback followed three consecutive record highs. The broader S&P 500 Index fell 0.1% […]

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Stock Markets Mixed as Turkey Hikes Interest Rate Again

Another day, another eventful session in financial markets, as volatility remained elevated, especially in currencies today in European trading. Equities are having a relatively quiet day following a very hectic period, as bulls are still in control in the US, while Europe and most of Asia continues to lag behind from a technical perspective. DAX […]

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Two Steps Forward, One Step Back

Hi Everybody, It seems in crypto it’s always two steps forward and one step back. Even though we’re seeing more clarity from global regulators and governments, it seems the banking world just isn’t sure how to engage with blockchain technology and cryptocurrencies. On the one hand we see millions being invested into research and development […]

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Market Update: Bank Shares Propel Wall Street Higher as Nasdaq Extends Record Streak

U.S. stocks advanced Wednesday, as rising Treasury yields lifted bank shares following comments from European Central Bank officials about potentially winding down their record stimulus program. Nasdaq Extends Record All of Wall Street’s major indexes booked solid gains Wednesday, with the Nasdaq Composite Index registering its third consecutive record close. The technology-driven index advanced 0.7% […]

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Forex Markets Remain Volatile as Fed Meeting Looms

It has been another very hectic day with regards to the traditional financial markets, as currency and bond markets have been very active once again. We expected volatile conditions to persist, as next week’s crucial Federal Reserve meeting is drawing closer, driving rampant speculation in the most affected assets. Dollar Index, 4-Hour Chart Analysis The […]

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Can Blockchain Exist Without Bitcoin?

Hi Everyone, One thing that you keep hearing, especially from the ultra-wealthy and corporate spokespeople, is that bitcoin is useless but blockchain is revolutionary. So, today’s market update will be specifically dedicated to exploring this statement in depth so that you can draw some more informed conclusions for yourself and for your investment portfolio. Hope […]

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Market Update: Nasdaq Rallies to New Highs as Broader Market Drifts Sideways

The Nasdaq Composite Index rose to new highs on Tuesday, as a resurgent technology sector continued to outperform the broader market. Tech Bulls Lead Nasdaq Higher The technology-centric Nasdaq booked its second consecutive record close, gaining 0.4% to 7,637.86. The index has vastly outperformed its peers over the past month with gains of nearly 6%. […]

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The Problem with Democracy

Hi Everybody, In the free democracy of the United States of America, almost anyone can run for president. Winning a presidential election, on the other hand, is an entirely different matter. If you’re deep inside the crypto-space, you probably won’t be surprised to hear that John McAfee has announced his candidacy for the White House […]

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Crypto Roundup: Japanese Bank Launches Cryptocurrency Exchange, Ripple Funds Blockchain Education

Institutional adoption, blockchain education and the rise of indexing headline the latest edition of our crypto roundup. Google’s plan to ban digital currency advertising has also drawn the ire of marketing experts who have outed the search engine for its hypocrisy (or its attempt to silence the competition – more on that later). SBI Launches […]

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Market Update: Pro-Growth Optimism Lifts Nasdaq Composite to All-Time High

U.S. stocks extended their rally Monday, as optimism over the health of the world’s largest economy cushioned investors from geopolitical risks. Stocks Rise The technology-focused Nasdaq Composite Index notched fresh record highs, climbing 0.7% to 7,606.46. Monday was the Nasdaq’s first record close since March 12. Technology and consumer discretionary shares propelled the S&P 500 […]

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Pre-Market: Stocks Extend Gains as Worries Take Back Seat

After last week’s hectic trading, financial markets are calm and dominantly bullish today, although with notably divergences among the major asset classes. The Italian political crisis that shook Europe is “solved”, for now, and bond markets which were the most affected show that fears of an immediate turmoil subsided. EUR/USD, 4-Hour Chart Analysis The Euro […]

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Market Update: Asian Stocks Follow Wall Street Higher as Trade, Geopolitics in Focus

Asian stocks surged on Monday, as traders took in better than expected U.S. jobs data and confirmation from President Trump that a planned summit with North Korea will go on as expected. Asia Ascends All the major indexes in the Asia-Pacific region put up firm gains on Monday, with Japan’s Nikkei 225 gaining 1.3%. With […]

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Weekly Forecast: Cryptocurrency Market Gains Momentum Ahead of Pivotal Month for Financial Markets

Cryptocurrencies are heading into the first week of June on a positive note, as bitcoin and the major altcoins show signs of recovery following a month-long downtrend. As we predicted last week, the sellers are slowly relinquishing control of the market, which may signal a return to growth in the coming weeks. Cryptocurrencies Eye June […]

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Pre-Market: Stocks Rebound as Italian Government Forms, US Payrolls Beat

“Red Bar-Green Bar Madness”, that’s how traders refer to the current conditions in equities, as stock markets continue to go nowhere, but they are doing that in a quite volatile fashion, as investors have to digest a lot of conflicting catalysts. Just making sense of the Italian political show is challenging in itself, not to […]

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Market Update: Trade War Roils Equity Markets as Dow Drops 251 Points

U.S. stocks were back on the defensive Thursday, as the prospect of trade war triggered an exodus from riskier assets. Stocks Decline All of Wall Street’s major indexes headed for losses Thursday, with the Dow falling more than 300 points in intraday trade. The blue-chip index settled down 251.94 points, or 1%, at 24,415.84. The […]

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Stocks Tumble as Trump’s Steel and Aluminum Tariffs to Kick in Tonight

Stocks and commodities are in turmoil again, as today the Trump administration published that the already announced trade tariffs on steel and aluminum will be in place on goods from the previously exempted countries (Canada, Mexico, and the EU), starting at midnight. Most of the major US and European indices gave back most of their […]

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Don’t Panic

Hi Everybody, If there’s one lesson we can learn from the Italian bond meltdown this week, it’s don’t panic. This is also the advice that is printed in “large friendly letters” on the cover of The Hitchhiker’s Guide to the Galaxy. A friendly reminder that no matter how complicated things may seem and how there […]

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Market Update: Stocks Roar Back After Politically-Charged Selloff

Wall Street and European stocks rallied Wednesday, as investors held on to hopes that Italy could avoid its second election of the year. Stocks Bounce Back All of Wall Street’s major indexes put up firm gains on Wednesday. Dow industrials surged 306.33 points, or 1.3%, 24,667.78. The blue-chip index declined more than 400 points in […]

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Pre-Market: Risk Assets Rebound as Italian Selling Frenzy Eases

European markets recovered well after yesterday’s rout as the pressure on Italian bonds eased and contagion fears subsided. The Euro, which already got deeply oversold as we noted yesterday led the charge higher, topping 1.1625 after hitting a low near 1.15 yesterday. EUR/USD, 4-Hour Chart Analysis Risk assets got a boost from the better than […]

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Market Update: Italian Political Crisis Sinks Global Stocks as Volatility Spikes

Wall Street and European stocks declined sharply on Tuesday, as Italy headed for a fresh political crisis after the country’s populist movements were blocked from forming a coalition government. Stocks Plunge Dow industrials plunged more than 500 points at their worst as post-holiday trading was greeted with political turmoil in Europe. The Dow 30 index […]

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Italy’s Political Shakeup Dampens Stock Market

US traders are coming off a holiday weekend, and Italy dealt them a rude awakening, as evidenced by the broader indices all trading in the red. The writing was on the wall with declines in the European markets coupled with US futures suggesting sharp declines, including a triple-digit drop in the Dow, amid political turmoil in Italy […]

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Why Currency Traders Should Pay Attention to Emerging Markets

The past two months have not been kind to emerging-market currencies. After a strong start to the year, the developing-nation basket has struggled to stem the decline against a more assertive U.S. dollar. Appetite for dollar-denominated assets is expected to grow as the Federal Reserve eyes a more aggressive tightening schedule. A Growing Source of […]

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Market Update: Oil Sinks to Six-Week Low; European Stocks Decline on Italy Outlook

Oil prices continued lower Monday in the longest string of losses in about four months after Saudi Arabia and Russia signaled their readiness to begin raising output. On the equities front, European stocks finished firmly in the red as Italy headed for fresh elections. Crude Oil in the Red Oil extended last week’s slide, as […]

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Crypto Roundup: Bithumb Ban, Pseudo-Mining and Falling Market Caps

It has been an active start to the week for the blockchain community, as news of institutional adoption, blanket bans and a new internet-less cryptocurrency captured headlines. Meanwhile, crypto assets continued to sink, with Ethereum falling as much as 14% overnight. Cryptocurrency Market Falls to Six-Week Low Digital currencies shed $14 billion in combined market […]

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Blockchain Art & Increased Output

Hi Everyone, One of the biggest innovations of the new technology known as “blockchain” is the ability to transfer and verify ownership over the internet. So, it’s no wonder that the first ever all-blockchain public auction was recently held in New York. The event featured a total of 10 works including the original of this […]

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Weekly Forecast: Cryptocurrencies Look for Direction After Turbulent Month

A wave of selling pressure has swept the cryptocurrency markets this month, casting a shadow over April’s bullish reversal. Though cryptos have declined for three consecutive weeks, downside pressure appears to be slowly fading as investors await the latest developments on the regulatory and adoption fronts. Among correlated assets such as stocks, bonds and commodities, […]

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Pre-Market: Oil Plunges Below $70 as Markets Mixed Before Long Weekend

Financial markets are relatively calm today, despite the hectic week that was highlighted by the Turkish currency crisis, wild swings in bonds, and a step back in US-North Korean relations. Stock markets turned lower globally, with US equities outperforming the rest of the world, essentially drifting sideways all week long, thanks to the slight correction […]

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Finding a Golden Opportunity

Hi Everyone, Yet another attack struck the cryptocurrency market recently, this one claiming around $18 million from the Bitcoin Gold network. The innovation of blockchain is that transactions are secured by utilizing the power of the network. The second major fork of Bitcoin, known as Bitcoin Gold or (BTG), is not on the eToro platform […]

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Market Update: Geopolitical Tensions Trigger Rush to Safe Havens as Gold Spikes to 10-Day High

Investors were on high alert Thursday after President Trump called off a planned summit with North Korea next month, The subsequent haven rush sent gold prices to ten-day highs and the yen to its best levels in almost two weeks. Gold Spikes Gold prices jumped more than 1% as demand for riskier assets faded in […]

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Stocks Suffer Hit as Trump Cancels Summit, Turkey Hikes Rate

After yesterday’s late-day bounce, stocks got close to their two-week lows yet again today in early trading, as risk assets got sold across the board after Donald Trump canceled the much-awaited summit with North Korea’s Kim Dong Un. Safe haven assets spiked higher on the news, with gold getting back above $1300, and the Japanese […]

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Markets on Edge as President Trump Cancels North Korea Meeting

U.S. President Donald Trump has called off a highly anticipated meeting with North Korea, citing “anger and open hostility” from Pyongyang. Strained Diplomacy President Trump was scheduled to meet Kim Jong-un in Singapore on June 12 to advance a preliminary peace agreement between North Korea and South Korea. The Trump administration pledged peace and economic […]

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Time for a Troll Party!

Hi Everyone, It’s no secret that President Donald Trump enjoys tweeting. In fact, some might say that he’s built his political career on the micro-blogging platform. One of the features that he seems to use quite often is the “block” button. Once blocked, users no longer have the option to respond to any of the […]

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Market Update: Stocks Recover from U.S.-China Trade Doubts Lingering as Crypto Assets Plunge

U.S. stocks reversed losses Wednesday after the minutes of the Federal Reserve’s latest meeting showed no urgency from policymakers to raise interest rates. Stocks Recover Wall Street spent much of Wednesday in the red as lingering trade risks dampened investor sentiment. The major indexes reversed course in afternoon trading, the S&P 500 Index advancing 0.3% […]

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Huobi Pro Unveils 10-Currency Crypto Index

Digital currency exchange Huobi Pro is launching a new crypto market index for its customers, the latest in a series of initiatives designed to boost cryptocurrency adoption. Huobi Main Force Index The Singapore-based exchange announced Wednesday it will be launching the Huobi Main Force Index, which is designed to track ten large digital assets pegged […]

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Pre-Market: Turkish Lira Spooks Markets, as Dollar Still in Focus

Stock markets are broadly lower today, as yesterday’s risk-off shift continues to dominate trading, with the Turkish currency woes, the Italian political standoff, and the weaker than expected European PMIs providing ample ammunition to bears. S&P 500 Futures, 4-Hour Chart Analysis While the post-crash period since early February had its ups-and-downs, the best way to […]

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Market Update: Stock-Rally Falters with U.S.-China Trade Talks in Focus

U.S. stocks declined in the final hour of trading Tuesday, with the S&P 500 Index giving up earlier gains as investors evaluated ongoing developments in U.S.-China trade negotiations. Stocks Finish Lower After trading in positive territory throughout the day, the S&P 500 Index reversed course to settle down 0.3% at 2,724.44. Losses were concentrated in […]

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Happy Pizza Day!

On this day eight years ago the first ever real-world cryptocurrency transaction took place. Wherever he is, Laszlo Hanyecz is probably kicking himself for parting with 10,000 BTC for two Papa John’s pizzas. On the other hand, had that transaction never happened, Bitcoin may have forever remained a cryptographic hobby. By realizing the first ever […]

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Market Update: Dow Industrials Surge as Risk of Trade War Fades

U.S. stocks advanced sharply on Monday, with the Dow adding nearly 300 points amid signs that the United States and China would resolve their ongoing trade dispute. Stocks Surge All of Wall Street’s major indexes booked solid gains at the start of the week. The Dow Jones Industrial Average jumped 298.27 points, or 1.2%, to […]

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Stocks in a Sea of Green, Buoyed by China

Stocks started the week on a strong footing, with all three major US indices — the Dow, Nasdaq and S&P 500 — all trading in the green. China is largely to thank amid a deal that was reached over the weekend with the United States to suspend a trade war that was threatening to unfold. […]

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Weekly Forecast: Economic Data, Post-Consensus Wrap-Up and Zcash’s Gemini Listing

It’s shaping up to be another active week in the financial markets, as currency and stock traders shift their attention to economic data and geopolitics. Cryptocurrency traders will be looking for clues about the direction of the market following a highly successful Consensus blockchain summit. To get a better sense of what’s ahead, we encourage […]

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Rome wasn’t built in a day

As blockchain week in New York winds down, we’re seeing several articles like this one… What the writers of these articles fail to realize is the underlying principle behind the so-called “consensus effect” and what it’s all about. This is not “pump” and it was never about speculation or crypto trader exuberance. The theory championed […]

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Market Update: Stocks Give Up Gains as Treasury Yields Climb

U.S. stocks struggled to hold gains Thursday, as rising bond yields pressured the major indexes ahead of a planned interest-rate hike next month. Stocks Drift Lower in Afternoon Trade All of Wall Street’s major indexes closed well off their daily highs, with the S&P 500 Index finishing down 0.1% at 2,720.13. Only four of 11 […]

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US Dollar Unhinged

Hi Everybody, One of the trickiest questions I’ve ever been asked by a journalist was: Aren’t cryptocurrencies just an easy way for rogue governments to skirt international sanctions? I was stumped. Certainly, we can all see the value in a currency that operates independently of governments and banks, but does that mean that adherence to […]

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Market Update: Retailers Lifts Wall Street as Focus Shifts to Geopolitics 

U.S. stocks snapped back to health Wednesday after positive quarterly results from one of America’s biggest retailers propelled discretionary shares higher. However, gains were tempered by the resumption of geopolitical tensions on the Korean peninsula after Kim Jong-un threatened to pull out of a planned summit with the United States next month. Stocks Rally All […]

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Pre-Market: Dollar Hits 5-Month High as Euro Dips Below $1.18

It’s all about the Dollar… The rally of the reserve currency has been all the rage in recent weeks, and despite a brief pullback, the trend continued in earnest this week. The Greenback pushed to new highs against most of its major peers, with especially the Euro being in trouble from a technical standpoint, as the […]

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Cowabunga Dude!

“If everybody had a broker, across the USA Then everybody’d be trading, like they do in UK You’d see em checkin’ their balance, and copying traders too China Russia and Europe, eToro USA!!” Hi Everybody, As you may have seen or guessed, on the main stage at Consensus 2018 yesterday, our co-founder and CEO Yoni […]

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Market Update: Dow Snaps Seven-Day Win Streak as Interest Rates Surge

U.S. stocks declined sharply on Tuesday after Home Depot reported disappointing quarterly sales and government bond yields rose to their highest level since 2011. Stocks Sink All of Wall Street’s major indexes booked losses, with the Dow Jones Industrial Average snapping a seven-day winning streak. The blue-chip index fell 193.00 points, or 0.8%, to close […]

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U.S. Retail Sales Advance, Home Depot Lags

U.S. retail sales in April rose 0.3%, posting the second straight month of gains despite lackluster sales performance at Dow component Home Depot. Meanwhile, Home Depot has little excuse, as March’s retail sales results were revised upward from 0.6% to 0.8%. Home Depot shares were down nearly 4% at the time of publication, while the […]

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