Category Archives: Cryptocurrency

2 min Market Summary: 10 Dec 2018

    IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM to pilot a blockchain supply chain system. The release notes that ADNOC — a state-owned oil company in the United Arab Emirates (UAE) — is reportedly among the […]

2 min Market Summary: 7 Dec 2018

NOTABLE MOVES  As of Thur, Dec 07, 08:00 GMT (UTC +08:00) USDJPY, -0.42%, 112.72 EURUSD, +0.28%, 1.1376 GBPUSD, +0.37%,1.2780 USDCAD, +0.28%, 1.3392 NZDUSD, -0.23%, 0.6882 S&P500, -0.15%, 2,695.95 Nasdaq, +0.42%, 7,188.26 Nikkei Futures, -1.91%, 21,501.62 CURRENCY MARKET WRAP  US ADP Employment Change Nov at 179K vs expected 225K. US Balance of Trade Oct at $-55.5B vs expected […]

2 min Market Summary: 6 Dec 2018

NOTABLE MOVES  As of Wed, Dec 06, 08:00 GMT (UTC +08:00) USDJPY, +0.20%, 113.01 EURUSD, +0.04%, 1.1349 GBPUSD, +0.04%,1.2725 USDCAD, +0.77%, 1.3363 NZDUSD, -0.53%, 0.6892 S&P500 CLOSED Nasdaq CLOSED Nikkei Futures, -0.53%, 21,919.33 CURRENCY MARKET WRAP  US business optimism has fallen in recent weeks amid uncertainty over tariff disputes, rising interest rates and continued labor shortages, […]

2 min Market Summary 5 Dec 2018

NOTABLE MOVES  As of Tues, Dec 05, 08:00 GMT (UTC +08:00) USDJPY, -0.86%, 112.69 EURUSD, -0.11%, 1.1342 GBPUSD, -0.04%, 1.2719 USDCAD, +0.45% 1.3257 NZDUSD, +0.14%, 0.6938 S&P500 , -3.24%, 2,700.06 Nasdaq, -3.80%, 7,158.43 Nikkei Futures, -2.39%, 22,036.05 CURRENCY MARKET WRAP  US 10Y yields dropped below the strong support level at 3% overnight, as equity markets reversed some […]

2 min Market Summary: 4 Dec 2018

NOTABLE MOVES  USDJPY, -0.04%, 113.44 EURUSD, -0.04%, 1.1366 GBPUSD, +0.13%, 1.2781 USDCAD, -1.01%, 1.318 NZDUSD, +0.86%, 0.6922 S&P500, +1.10%, 2790.37 Nasdaq, +1.52%, 7440.92 Nikkei, +1.00%, 22574.76 CURRENCY MARKET WRAP  USD ISM Manufacturing PMI at 59.3 vs expected 57.5. A section of the U.S. Treasuries yield curve just inverted for the first time in more than a […]

2 min Market Summary: 3 Dec 2018

NOTABLE MOVES   USDJPY, -0.01%, $113.47. EURUSD, -0.67%, $1.1317        . GBPUSD, -0.33%, $1.2752. USDCAD, +0.10, $1.3296 NZDUSD, +0.35%, $0.6882. S&P500, +0.82%, 2,760.17 Nasdaq, +0.79%, 7,330.54 Nikkei, +0.40%, 22,351.06 CURRENCY MARKET WRAP   U.S. Chicago PMI at 66.4 vs expected 58.6. U.S. Treasury yield curve saw some flattening with the 2-yr yield adding one basis […]

2 min Market Summary: 30 Nov 2018

NOTABLE MOVES   USDJPY, -0.25%, $113.41. EURUSD, +0.24%, $1.1393    . GBPUSD, -0.30%, $1.2786. AUDUSD, +0.22%, $0.7322. S&P500, -0.22%, 2,737.80 Nasdaq, -0.25%, 7,273.08 Nikkei, +0.79%, 22,352.51 CURRENCY MARKET WRAP   In FOMC minutes, almost all Fed officials saw the need for another rate hike “fairly soon,” they also discussed the possibility of changing the language on “further gradual […]

2 min Market Summary: 29 Nov 2018

NOTABLE MOVES   USDJPY, +0.18%, $113.80.EURUSD, -0.27%, $1.1297.GBPUSD, -0.72%, $1.2742.USDCAD, +0.35%, $1.3298. S&P500, +0.33%, 2,682.17Nasdaq, +0.01%, 7,082.70Nikkei, +0.64%, 21,952.40 CURRENCY MARKET WRAP   U.S. Prelim GDP q/q at 3.5% vs expected 3.6%. Fed Chair Powell said he sees current interest rates “just below” neutral. That proved to be a rally point because the language Powell used early last month indicated […]

2 min Market Summary: 28 Nov 2018

NOTABLE MOVES   USDJPY, +0.18%, $113.80.           EURUSD, -0.27%, $1.1297.          GBPUSD, -0.72%, $1.2742.USDCAD, +0.35%, $1.3298. S&P500, +0.33%, 2,682.17Nasdaq, +0.01%, 7,082.70Nikkei, +0.64%, 21,952.40  CURRENCY MARKET WRAP   Dollar was bid against the G7 after Fed Vice Chairman Richard Clarida said he backed gradual rate hikes with an eventual move towards neutral […]

2 min Market Summary: 27 Nov 2018

NOTABLE MOVES   USDJPY, +0.52%, $113.50. EURUSD, -0.04%, $1.1333. GBPUSD, -0.00%, $1.2813. USDCAD, +0.20%, $1.3254. NZDUSD, +0.04%, $0.6775. S&P500, +1.55%, 2,673.45 Nasdaq, +2.06%, 7,081.85 Nikkei, +0.69%, 21,795.28 CURRENCY MARKET WRAP   There were no U.S. prints on Monday. The 2-yr yield added one basis point to 2.83%, and the 10-yr yield added two basis points to 3.07%. […]