Bitcoin slips to three-month low as interest rate rises hit financial markets May 9, 2022 The price of Bitcoin (BTC) fell to a three-month low yesterday, dropping below $34k to its lowest level since late January of this year.
1 Minute Market Rundown – 9th May 2022 May 9, 2022 Path of Least Resistance Remains Lower Economic Slowdown Main ConcernUSD Remains King Friday’s highly anticipated NFP print did little to stop the rot as risk markets continue to remain on the backfoot. Stocks have fallen yet again today and the greenback has climbed higher as the market continues to focus on a potential economic slowdown [...]
Markets bracing for tough week: China trade slows as zero-Covid policy has disastrous impact on economy May 9, 2022 With China continuing to pursue its zero-Covid policy the restrictions in Shanghai are having a chilling effect on economic output there, as well as port activity, or rather the lack of it, as container ships continue to sit off the Chinese coast waiting to be unloaded. This morning’s China trade data for April only serves to reinforce [...]
How to cancel ‘cancel culture’ and correct the politically correct May 8, 2022 Crypto AM columnist Dr Chris Kacher examines how a Web3 metaverse can help stabilise the world's unbalanced avenues.
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 [...]
A textbook crypto capitulation, or is Bitcoin getting dragged down by market contagion? May 6, 2022 The sudden capitulation of the crypto markets has taken analysts by surprise, and it may be some time before we figure out the true cause.
Local election bloodbath: Furious Tories turn on Boris Johnson as Labour’s victory train rolls into Westminster, Wandsworth and Barnet May 6, 2022 The Conservative Party has lost all major London authorities to Labour and suffered setbacks across England as Boris Johnson faces a backlash from local Tory leaders. Labour has taken control of Westminster City Council in London for the first time since its creation in 1964. The Conservative Party has also lost control in Wandsworth, considered [...]
What a difference a day makes: Markets go into full reversal mode as recession concerns grow May 6, 2022 What a difference a day makes? Having rallied strongly in the aftermath of the Federal Reserve’s decision to hike rates by 50bps on Wednesday evening, and not go harder, US stock markets went into full reversal mode yesterday, dragging European markets down with them. Bond yields also shot back up, with the US 10 year [...]
The City View: Bank of England hike rates once more May 5, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. Together they go through the thinking behind the Bank of England’s 25 basis point rate rise earlier today, which brought the UK’s interest rate to 1%. They take a look at the Bank’s forecasts, and explain why a recession is almost inevitable. [...]
1 Minute Market Rundown – 5th May 2022 May 5, 2022 Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]