DXY Finance
$DXY
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Equities opened higher this Monday morning on the back of easing bond yields. The $SPX and $NDQ are trading 0.6% and 1.0% higher, respectively. However, the U.S. 02Y has turned higher since this morning, now pushing back towards 4.9%. The $DXY has moved lower, assisted by increased hawkish rhetoric from the ECB. The crypto market rallied slightly in concert with equities but is stalling in the face of rate strength....
Equities declined Monday morning, likely prompted by caution over increased hawkishness from the Fed following the strong US jobs report on Friday. The $SPX is down 0.4%, while the $NDQ is trading 0.5% lower. Bond yields increased, with the 10-year yield rising by 9 BPS and the 2-year adding 14 BPS. The $DXY (+0.5%) and the $VIX (+6.0%) have also ticked higher on the day. Meanwhile, the crypto market is...
Markets opened lower before rebounding on news of accelerated hiring in January (517k jobs added) and the lowest unemployment rate in 53 years at 3.4%. Despite strong job gains, wage growth continued to soften last month (+4.4% YoY). As reflected by markets, these conflicting data points could accommodate a soft landing scenario. $SPX (-0.1%) and $QQQ (-0.1%) are trading relatively flat at time of writing, while $DXY and US20Y are up by...
On Monday, US equities rose as investors considered the potential for a slowdown in interest rate hikes from the Federal Reserve and prepared for a busy week of earnings reports. The $SPX (+1.2%) and $NDQ (+2.0%) saw gains, with semiconductor stocks and shares of companies like Tesla and Apple seeing increases due to hopes that a reopening in China would boost their performance. Despite equities enjoying another day in the...
Traditional markets opened higher than the pre-markets before pulling back slightly at the time of writing. $SPX and $NDAQ are trading at ~0.3% lower than yesterday's close, while $DXY is consolidating at the 102 area of support. Digital asset markets have decoupled on the lower time frames, with $BTC and $ETH trading at $19.1k (+5.6%) and $1.41k (+1.9%) levels, respectively. Despite the excitement around the upcoming Shanghai upgrade and liquid...
Silvergate Covered $8.1b in Customer Withdrawals, Coinbase Reached $100m Settlement with NYDFS
On the back of hot JOLTs data yesterday, equity markets continued to move lower while the dollar gained strength. $SPX and $NDAQ shed 1.1% and 1.5%, respectively, while $DXY is up 0.8%. Crypto markets maintain their correlations to traditional markets, albeit with a lower beta. $BTC and $ETH have been trading flat over the past day, ranging between $16.5k - 17.0k and $1.15k - $1.25k for the past three weeks....
ADJUSTING TO A POST-FTX WORLD A couple of weeks ago, we discussed several critical risk vectors remaining in the market and provided our take on each matter. Our near-term view was that it was more likely than not that most of the contagion from the implosion of FTX had been sifted through, but due to the unknown status of Digital Currency Group, investors might not be getting paid enough for...