1 Minute Market Rundown – 14th June 2022 City Talk Celsius Insolvent?Risk ClatteredAll Eyes on Powell It was crypto that led the charge down both yesterday and over the weekend, with ETH at the vanguard. BTC had its worst single day performance in a year, while ETH slumped 18% over further concerns around its proposed merge. News on the day of Celsius’s insolvency exacerbated the [...]
1 Minute Market Rundown – 10th June 2022 City Talk Trade the ExtremesCrypto Needs to Bounce SoonWhen to Buy the Dip? Yesterday saw a lesson on how not to act like a Central Bank from the ECB. In over 25 years of trading I have rarely seen a less impressive performance at a press conference than we got from Lagarde. The plan was clear. Tell [...]
1 Minute Market Rundown – 26th May 2022 City Talk Trade the ExtremesCrypto Comes Under PressureFED Retains Flexibility The FOMC minutes came and went and the markets have summed it up quite nicely – nothing new. There were no fresh insights and all markets can’t make headway in either direction. The word we like to use to describe this market is ‘transactional.’ It feels that [...]
1 Minute Market Rundown – 18th May 2022 May 18, 2022 Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates There is not too much to add from yesterday’s piece sadly. The main talking point was Powell reiterating the FED’s stance on inflation. Powell said the FED won’t hesitate to tighten policy beyond neutral to curb inflation. Stock’s stalled their recent rise and the USD [...]
1 Minute Market Rundown – 11th May 2022 May 11, 2022 Trade the ExtremesTerra/LUNA Still Under Significant PressureUSD Remains Elevated Wall Street advanced yesterday giving the markets some much needed respite from the relentless pressure it has been under of late. Asian stocks followed suit as data highlighted that the number of covid cases in China were in decline. There were a couple of FED officials [...]
1 Minute Market Rundown – 6th May 2022 May 6, 2022 Old Lady Signals a Pause to Come Crypto and Risk Assets Come Under PressureUSD Remains King; GBP Destroyed To understand the magnitude of the sell off yesterday here are some facts: ● The Nasdaq suffers its largest one day percentage drop since June 11, 2020 ● The DOW suffered its largest one day percentage drop [...]
1 Minute Market Rundown – 25th April 2022 April 25, 2022 Risk Firmly on the BackfootCrypto LowerSterling and Euro Looking More and More Vulnerable Risk remains heavy across the board as fears over covid in China weigh on markets compounded fears sparked by faster and more aggressive FED tightening. We are also seeing commodities come under pressure sparked by the China fears as well as yields [...]
1 Minute Market Rundown – 14th April 2022 April 14, 2022 Russia – UkraineChina Indicates Looser Monetary PolicyCrypto ConsolidatesECB in Focus We have spoken about the path of least resistance being the USD higher, yields higher and risk lower. Thus naturally it made sense that we saw the total opposite yesterday… We saw, in our minds, a relief rally across the board heading into the ECB [...]
1 Minute Market Rundown – 4th April 2022 April 4, 2022 Russia – UkraineETH and SOL outperformingFed mind in focusS&P tops out March proved to be another strong month for employment data with the headline number inline and unemployment ticking lower. The tight labour market has reaffirmed the hawks’ calls for a 50bps hike in May by the FED. Of the remaining 6 meetings for the [...]
1 Minute Market Rundown – 28th March 2022 March 28, 2022 Russia – UkraineBanks predict a more aggressive FEDCrypto looks to break out…finally Markets currently have two themes. The first is the bond market which continues to trade as if it’s on the receiving end of a slap from Will Smith. Yields relentlessly push higher as the market continues to reprice an even more hawkish FED. [...]
