Crypto, forex and global macro markets — insight to help you spot the opportunity
BofA's monthly survey shows global semiconductors as the most crowded trade, short US Treasuries second, with investors' tech overweight near six-year highs.
At Saturday's X Takeover event, Elon Musk said his companies would master chipmaking though he doesn't know how, with a $15 billion Terafab plant underway.
Vitalik Buterin's unsolicited SHIB tokens funded a COVID-19 vaccine now in human trials. The meme coin itself is struggling.
Apple teased a Pokémon-themed Beats Pill speaker, hinting at a Pikachu edition. Pokémon replied with an eyes emoji.
Bitcoin briefly topped $84,000 as Asian equities lost over $800 billion in a rout. Key support is at $80,000-$82,000.
Goldman Sachs expects the yuan to reach 6.40 per dollar in a year and models suggest a possible move to 6.00. Trivedi calls undervaluation 20-25%.
Oil slipped overnight, giving back some gains, as Middle East tensions persisted and US-Iran talks stalled. Technical levels and events ahead are noted.
Dogecoin recovered from $0.0800 to $0.084 on Tuesday, but ETF outflows and a falling share of large-wallet supply kept the recovery outlook cautious.
XRP recovered to around $1.374 on Tuesday as derivatives metrics improved, though it remains below key moving-average resistance levels.
The AI boom's demand for data centres could push up electricity prices and feed into US inflation, adding to the Fed's challenges.