22/04/2024 09:11

Crypto Currencies

Bitcoin made fresh all-time highs in March, but in typical volatile fashion for this new asset class, it's already corrected well over 19% in just a few weeks. After last week's reversal higher, we would be looking for buying opportunities from a trading perspective, a bullish read-through for stocks.

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15/04/2024 09:12

Crypto Currencies

Bitcoin made fresh all-time highs in March, but in typical volatile fashion for this new asset class, it's already corrected well over 17%. Further weakness under $60,000 would take the pullback well in excess of 20%, and if we were crypto traders, we would be accumulating into such weakness.

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08/04/2024 08:48

Crypto Currencies

Bitcoin made fresh all-time highs in March, but the crypto subsequently corrected well over 17% in a matter of days, mirroring the recent volatility in equities, albeit on a grander scale. We now anticipate a period of consolidation similar to that in late 2023 and early 2024, with any dips towards $US60,000 presenting good risk/reward buying opportunities for traders. Another leg up towards $US100,000 in the medium-term feels a strong possibility, suggesting liquidity for risk assets is healthy, which is a bullish backdrop for stocks.

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02/04/2024 09:10

Crypto Currencies

Bitcoin looks set for a period of consolidation similar to that in late 2023 and early 2024, with any dips towards $US60,000 presenting good risk/reward buying opportunities for traders. With the trend remaining clearly bullish, we would not advocate "trading shorts" until further notice.

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25/03/2024 08:42

Crypto Currencies

Bitcoin made fresh all-time highs earlier this month, but the crypto has since corrected well over 15% in a matter of days, extending its recent extreme volatility. We now anticipate a period of consolidation similar to that in late 2023 & early 2024, with any dips towards $US60,000 presenting good risk/reward buying opportunities for traders.

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18/03/2024 09:07

Crypto Currencies

Bitcoin made fresh all-time highs last week, but the crypto has since corrected over 10% in a matter of days, maintaining its recent extreme volatility. We now anticipate a period of consolidation similar to that in late 2023 & early 2024, with any dips towards $US60,000 presenting good risk/reward buying opportunities for traders.

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12/03/2024 09:01

Global Markets

US stocks found little reason to push higher on Monday ahead of this week's inflation data.  Investors are deliberating on whether the disinflationary trend has hit a roadblock after making fresh all-time highs on sixteen separate occasions this year, and some simple consolidation wouldn’t surprise after the 26% appreciation since late 2023. With risk assets suggesting that monetary conditions are not restrictive, there’s an understandable concern that inflation will stop falling or even turn higher.

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11/03/2024 09:02

Crypto Currencies

Bitcoin is testing the psychological $US70,000 this morning, making new all-time highs in the process. However, it's not just Bitcoin that's soaring higher in the crypto space; well-known peer Ethereum is up over 70% year to date as the sector continues to indicate that liquidity is strong across risk assets, providing an encouraging read-through for equities.

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05/03/2024 09:44

Global Markets

US stocks experienced a mixed session overnight, with the “Magnificent Seven” delivering some very different results -  Apple Inc (AAPL US) and Alphabet (GOOGL US) both fell between 2.5 and 3%. In comparison, Tesla (TSLA US) tumbled 7.2% after the EV manufacturer revealed a new round of discounts. At the same time, Nvidia (NVDA US) seemed to benefit from some tech rotation as it added another +3.6%. Real estate and materials enjoyed sold sessions while energy was weak after oil retreated over 1%.

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04/03/2024 09:13

Crypto Currencies

Bitcoin has outstripped most people’s expectations on the upside and with the trend being investors friend post-COVID we wouldn’t be fighting this explosive advance. Assuming the crypto maintains its status as a solid leading indicator for stocks, equities look on track to increase their gains through 2024 as risk assets embrace the prospect of lower rates over the year ahead.

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