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Lisa Parker

An editor at FOMOdrive

  • Aug 01, 2023
  • 7 min read

Bi Weekly Market Review - Edition #4

Blue financial market price chart

For the period 16th - 31st July​

Dear FOMOdrive community members,

Happy August!

Welcome to ​Edition #4​ of our ​Bi-weekly Market Review​ covering market news from ​16th - 31st July​. As the sun shines bright and temperatures are high, let us unpack the latest market updates and trends, don’t miss our “​Learning Corner​” at the end of this newsletter.


- The markets have been relatively stable, with low ​volatility​ recently.

- Confidence in a ​soft​ economic landing is growing among investors.

- ​Worldcoin​, a crypto project by Sam Altman, launched recently.

- Aversion towards ​China​ investments has increased due to a weak post-COVID economic rebound and renewed geopolitical tensions.

- The Federal Reserve raised the ​funds​ ​rate​ to 5.5%, a 22-year high.

- Gold​ prices rose due to a weaker dollar and expectation that central banks are nearing peak interest rate hikes.

- The ​Yen​ strengthened and JGB yield spiked after the Bank of Japan announced more flexibility in their yield target range.

- ​Oil​ prices reached a three-month high, recording the steepest monthly gains since January 2022.

​Major Market News​


​OpenAI’s Sam Altman launches Worldcoin crypto project​​:​ source CNN


​Citigroup raises S\&P 500 target for 2023 on increased chances of ‘soft landing​​source: marketwatch​

​Investors dumping China load up on other emerging markets​​source: Reuters​

​Bonds and Interest Rates​

​Federal Reserve Raises Interest Rates to 22-Year High​​source: The Wall Street Journal​

​Commodities and FX​

​Gold set for best month in four as rate-hike cycle nears end​​source: CNBC​

​Global shares slip, dollar soars versus yen on Bank of Japan policy expectations​​source: Reuters​

​Yen and bond yields rise after BOJ pledges more flexibility to yield curve control​​source: CNBC​

​Learning Corner​

​Quote of the Day:​

“I think when it comes to decisions, I try not to be emotional. To drown out the noise and look at the important facts.”- Alan Tepper

​Educational Spotlight:​

Your guide to stock investing: ​12 Equity investing terms to know​ by Fidelity. If you would like to know more 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.

The FOMOdrive Team

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