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Fred Cole

An editor at FOMOdrive

  • Jul 20, 2023
  • 8 min read

Bi Weekly Market Review - Edition #3

Blue financial market price chart

​For the period 1st - 15th July​

Dear FOMOdrive community members,

Welcome to ​Edition #3​ of our ​Bi-weekly Market Review​ covering market news from ​1st - 15th July​. As we unpack the latest market updates and trends.


- ​BlackRock​ CEO, Larry Fink, identifies ​Bitcoin​ as an "​international asset​" and wants to simplify and reduce the costs of investing in it.

- ​Ripple Labs Inc​. was ruled by a U.S. judge ​not to have violated​ federal securities law by selling its XRP token on public exchanges, leading to a surge in XRP's value.

​U.S. Federal Reserve​ officials suggest that a further rise in interest rates might be required to control high inflation, but the end of the current monetary policy tightening cycle is near.

- In response to cooling inflation data in the US, ​gold​ prices rallied during the second week of July while the ​dollar​ experienced its largest weekly decline since November 2022.

​Major Market News​


- ​Bitcoin touches a 13-month high as the drumbeat for institutional demand grows louder​​:​ ​source CNBC​

- ​SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review​​,​ ​source: yahoo!finance​

- ​Ripple Labs notches landmark win in SEC case over XRP cryptocurrency​, source: Reuters


- ​Wall St ends up, extends recent gains on cooling US inflation​​,​ ​source: Reuters​

- ​Tech Stocks Lead Market Higher After Inflation Falls​​,​ ​source: The Wall Street Journal​

​Bonds and Interest Rates​

- ​Inflation Eased to 3% in June, Slowest Pace in More Than Two Years​​,​ ​source: The Wall Street Journal​

​Commodities and Currencies​

- ​Gold Price Rallies After Inflation Eases in June,​ ​source: The Wall Street Journal​

- ​Dollar notches biggest weekly drop since November after fall in inflation​, ​source: FT​

​Learning Corner​

​Quote of the Day​:

​“The intelligent investor is a realist who sells to optimists and buys from pessimists.”​- Benjamin Graham

​Educational Spotlight:​

As part of our journey towards enhancing your financial literacy, we are sharing this article titled "​Understanding Stock Market Volatility​." This guide explains the concept of market volatility and its drivers. If you would like to learn more, you can check it out ​here​.

We hope you found this edition of the Bi-weekly Market Review informative and useful. As always, we welcome your feedback.

Until next time. Stay informed


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