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Lisa Parker

An editor at FOMOdrive

  • Sep 07, 2023
  • 9 min read

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​


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)


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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