Bi Weekly Market Review - Edition #6
For the period 16th - 31st Aug
Dear FOMOdrive community members,
Welcome to Edition #6 of our Bi-weekly Market Review covering market news from 16th - 31st August.
Major Market News
Crypto
- SEC Defers Decisions on Fidelity, BlackRock Bitcoin ETFs (Bloomberg 31st Aug)
- Crypto Scores Landmark US Legal Win With Grayscale ETF Ruling (Reuters 29th Aug)
- Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling (Reuters 29th Aug)
- Bitcoin drops to new two-month low as world markets sell off (Reuters 18th Aug)
- Coinbase wins approval to offer crypto futures trading in US (Reuters 16th Aug)
- Asset manager Valkyrie files for Ethereum-focused ETF with US SEC (Reuters 16th Aug)
Equities
- Shares rise as Fed weighs inflation risks, yields steady (Reuters 29th Aug)
- Nvidia's forecast lifts AI stocks and Nasdaq futures (Reuters 24th Aug)
- Shares jump as Nvidia results shine, bond yields retreat (Reuters 24th Aug)
- European shares fall on mounting China worries, banks lag (Reuters 16th Aug)
Bonds and Interest Rates
- Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole source: (Associated Press 24th Aug)
Commodities and FX
- Gold Prices Surge After US Data, What's Next? (Nasdaq 30th Aug)
- Dollar index dips, briefly hits 9-month high against yen (Reuters 28th Aug)
- Dollar set for fifth straight week of gains as China stays top of mind (Reuters 18th Aug)
- Gold Price Slides as the US Dollar and Treasury Yields Rise. Where to for XAU/USD?: (Dailyfx 18th Aug)
Quote of the Day
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”- Benjamin Graham
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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