Blogs

<p>Trading has been underway for 90 minutes in the Great ETF Race of 2024 and it's already clear who the winner will be.</p><p>The IBIT ETF from Blackrock has seen 21.65 million shares traded, far more than Fidelities FBTC at 9.01 million, though the dollar-value gap is considerably closer if you adjust for the relative price

<p>The bitcoin bulls are having their moment as it climbs 6% on the hype from the first day of trading. Market watchers will be seeing how much money flows into each of the bitcoin ETFs and how much stays in the Grayscale GBTC Trust now that it's convered into a proper ETF.</p><p>I think those numbers […]

<p>Bitcoin is up nearly 4% and at the highs of the day at $47,655.</p><p>Money is rolling in with the ETF hype-machine peaking as trading is set to start at the bottom of the hour. The question is whether this will be a sell-the-fact trade or not. </p><p>One spot to watch will be GBTC, the Grayscale […]

<p>One of the most anticipated events of 2024, Finance Magnates Africa Summit (FMAS:24) will be returning for the second year this May 27-29. The professional event will bridge the B2B and B2C space, combining regional and local providers with global brokers, brands, and much more. </p><p>FMAS has solidified its stance as one of A

<p>The US dollar has mostly given back its CPI gains.</p><p>Fixed income has foreshadowed the move with US 2-year yields now down 3.6 bps on the day to 4.33% from a high of 4.39% after the data.</p><p>The thinking for the FX market is: If bonds aren't worried about inflation, why should we be?</p><p>Ov

<p>Closing changes:</p><ul><li>Stoxx 600 -0.5%</li><li>German DAX -0.9%</li><li>UK FTSE 100 -0.9%</li><li>French CAC -0.6%</li><li>Italy MIB -0.6%</li><li>Spain IBEX -0.5%</li></ul><p>The DAX hit the highs of the day shortly after the open before g

<p>The US dollar is pushing higher as the risk mood worsens. AUD/USD is at the lows of the day at 0.6649 and just above the lows of the year. </p><p>The euro and pound are at the lows of the day after initially bouncing in the aftermath of CPI.</p><p>Broad selling in equities is the driver with […]

<p>US stocks indices and traders are choosing higher at the start of the trading day after trading above and below unchanged off of the higher-than-expected CPI data. Although inflation data was a bit higher than expectations, the feeling is the worst is behind. </p><p>US yields are trading near the middle of the ranges but mostly

<p>The US US CPI data was on the high side with the core CPI rising by 0.3% and 3.9% on MoM and YoY. The headline also rose by 0.3% and increased to 3.4% from 3.1% last month.</p><p>That sent the USD higher on the initial reaction at least.</p><p>In this video, I take a look at the […]

<ul><li>Prior week 202K revised to 203K</li><li>Initial jobless claims 202K vs 210K estimate</li><li>4-week moving average initial jobless claims 207.75K vs 208.0K last week</li><li>Continuing claims 1.834M vs 1.871M estimate</li><li>Prior week continuing claims 1.855M revised to 1.868M<