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Market Picture The crypto market has recharged over the weekend. Positive traction resumed on Monday after the crypto market’s total capitalisation shrank by 150 billion from Saturday’s high near $3.39 trillion to Sunday’s low. We saw more profit-taking by retail traders, and buying resumed during trading hours, setting the stage for inflows from institutional traders […]

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12/08/2024

Back in Business

In focus today Danish CPI is due this morning, and we expect inflation to decline from 1.8% in June to 0.9% in July, as last year’s temporary suspension of the electricity fee exits the inflation measure. In the week ahead, we will watch out particularly for US inflation for July, due on Wednesday. We will […]
29/03/2024

Strong Growth is Good News If Inflation Remains Low

The US printed a better-than-expected growth of 3.4%. Sales grew more than expected, the GDP price index fell but fell slower than expected to 1.7%, corporate profits jumped nearly 4% in the Q3 versus less than 1% printed a quarter earlier and consumer sentiment jumped to the highest levels since mid-2021. In other words, the […]
15/04/2024

Gold: Sharp Pullback from New All-Time High Warns that Bulls Might be Losing Traction

Gold keeps firm tone in early Monday, despite strong pullback from new record high ($2431) in late Friday trading. Growing geopolitical tensions and fears of escalation of the conflict in the Middle East continue to fuel demand for safe haven bullion, with strong buying from the central banks and prospects of Fed rate cuts in […]