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The US June wholesale sales month-on-month rate and the July global supply chain stress index will be released in ten minutes.The Dow Jones Industrial Average opened 129.94 points higher, or 0.24%, at 54,479.06 on Thursday, August 6; the S&P 500 opened 3.34 points higher, or 0.04%, at 7,726.76; and the Nasdaq Composite opened 103.47 points lower, or 0.39%, at 26,259.97.According to reports from Al Arabiya TV and Saudi media Hadas, Iraqi security sources said that various Iraqi armed factions have redeployed to the front lines due to concerns about an escalation of the security situation.Bank of America raised its winter TTF natural gas price forecast for Europe to €65/MWh due to low physical gas inventories in Europe.August 6th - The number of Americans filing for unemployment benefits rose slightly last week, while corporate layoffs in July fell to their lowest level in two years, indicating that the US job market remains stable. Data released on Thursday showed that seasonally adjusted initial jobless claims rose by 1,000 to 199,000 in the week ending August 1st, lower than the market expectation of 202,000. Initial jobless claims have declined significantly since a sharp surge in early June. However, some of the decline may reflect the difficulty in adjusting for seasonal factors during the summer. Despite the oil price shock caused by the US-Israel conflict with Iran, corporate layoffs have remained extremely low. Furthermore, there are currently no signs that the construction of artificial intelligence infrastructure is causing large-scale unemployment; layoffs are mainly concentrated in the technology sector.

Crypto Market Daily Highlights – ADA and BNB Lead a Top Ten Surge

Cory Russell

Jan 09, 2023 16:09

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On Sunday, the top 10 cryptocurrencies saw a positive day, with ADA and BNB setting the pace. For the first time since December 15, BTC also found support, finishing the day above $17,000.


An upbeat week was capped off by a bullish close on Sunday after a range-bound Saturday session as Asian markets continued to react positively to Friday's ISM Non-Manufacturing PMI survey and the US employment data.


Though the ISM Manufacturing and Non-Manufacturing PMIs indicated a US economic recession, late support came from expectations of a gentle landing. Bets on the Fed raising interest rates by 50 basis points in February have fallen, allaying concerns about a harsh landing. No crypto-related events existed to support the late rise.


There are no economic data for investors to take into account today since it is a quiet day on the US economic calendar. The NASDAQ Index and any comments made by FOMC members, however, are expected to have an impact during the afternoon session. The NASDAQ mini gained 14.25 points this morning.


Investors should keep an eye on the cryptocurrency news channels for developments on the SEC v. Ripple case, Huobi Global News, and the continuing Binance US investigations.