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21 Jun 2023

Bitcoin Hits $29,000 Following BlackRock, WisdomTree, Invesco ETF Filings

Bitcoin’s price hit $29,000 amid a flurry of exchange traded fund (ETF) applications in the United States and newfound institutional interest in facilitating crypto trading. The launch of EDX markets on Tuesday, a crypto exchange backed by Fidelity, Charles Schwab and Citadel Securities also appears to have strengthen the bullish momentum. EDX currently supports four cryptocurrencies in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Source: Decrypt

21 Jun 2023

Siemens is approaching support zone 156-160

Siemens (SIE GY) is retesting the recent breakout zone 156-160. That level was a resistance was tested several times since 2021 and is now a support. Keep an eye if it can hold ? Source : Bloomberg

21 Jun 2023

US real average hourly earnings turn positive again

US wages outpaced inflation on a YoY basis in May by 0.2%, ending the ignominious streak of 25 consecutive months of negative real wage growth. Source: Charlie Bilello

21 Jun 2023

Nasdaq China Tech Index suffered heavy selling today, dropping almost 5%

The catalyst appears to be disappointment that China’s stimulus measures aren’t aggressive enough and the LPR cuts this week have been underwhelming. Source: HolgerZ, Bloomberg

21 Jun 2023

UK inflation stays stuck at 8.7% while economists had expected a decline to 8.4%.

Source: HolgerZ, Bloomberg

20 Jun 2023

Goldman joins Wall St banks in cutting China’s growth outlook as post-Covid bounce fades.

Goldman Sachs cut its 2023 GDP forecast from 6% to 5.4%, citing a slew of macroeconomic issues. Latest Goldman revision follows likes of UBS, BofA, JPMorgan, & Nomura. Source: HolgerZ, Bloomberg

20 Jun 2023

Bitcoin’s whales have accumulated 131.6 BTC in the past 11 weeks

Bitcoin's whales have been busy while the crowd watched prices dwindle these past two months. Wallets holding 1K to 10K $BTC have accumulated a combined $3.5B since the first week of April. Source: Santiment

20 Jun 2023

Yen pressure mounts with Trade-Weighted gauge at two-decade low

Source: Bloomberg

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