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#Crypto

▫️ The crypto market cap is back above $2 trillion;

▫️ a Death cross is forming in #Bitcoin and #Ethereum;

▫️ and hedge fund Capula reported holding $464 million worth of bitcoin ETF shares (approx. 1.5% AUM).

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πŸ‘2
#MarketReview

▫️ #USDJPY surges over 2% on BOJ comments

▫️ The recent rally looks like a necessary rebound from extreme oversold conditions.

▫️ So far, it makes sense to talk about a market calming but not a monetary policy reversal or a new round of USDJPY growth.

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#EconomicReview

▫️ #NZDUSD up over 1% on Wednesday to 0.6010 on better-than-expected jobs data.

▫️ Wages rose 4.2% y/y, above CPI's 3.3% growth.

▫️ NZDUSD reverses again from global support levels.

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πŸ‘Ž1
#Crypto

▫️ Crypto market continues to hover around $2 trillion;

▫️ #XRP surges 25% on conclusion of SEC case;

▫️ #Toncoin +10% on news of listing on Binance;

▫️ CryptoQuant says miners' capitulation is almost complete.

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#MarketReview

▫️ #GBPUSD under pressure, fails to break above 200-week average on move

▫️ The Pound pulled back to the 200-day average on the retreat.

▫️ #EURGBP pulls back after testing the lower boundary of an 8-year trading range.

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πŸ‘1πŸ‘Ž1
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#Crypto

▫️ Markets played up risk appetite on Thursday, adding over 6.4% to the crypto's cap;

▫️ #Bitcoin crossed $62K and is now fighting a death cross.

▫️ #Ethereum is trading at $2660 after bouncing back to a classic 61.8% Fibonacci retracement;

▫️ Bitcoin whales were actively accumulating coins on the 5th and 6th of August, and institutional miners were barely short positions.

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πŸ‘Ž1
#MarketReview

▫️ #Gold bounced off the 50-day MA and held this level during a period of high volatility;

▫️ The direction of the exit from the $2360-$2460 consolidation will determine the future direction;

▫️ The divergence between the price and the RSI on the weekly timeframe points to a bearish scenario;

▫️ Gold has reversed against monetary policy fundamentals twice before.

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πŸ‘2πŸ‘Ž1
#EconomicReview

▫️ Chinese CPI rose to 0.5% y/y, beating expectations;

▫️ PPI remained at -0.8% but maintained an upward trend.

▫️ #USDCNH has become more sensitive to carry trade fluctuations than the macroeconomy.

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πŸ”₯5
#Crypto

▫️ Crypto market cap rose 1.6% overnight, remaining at the lower half of the 30-day range;

▫️ #Bitcoin has pulled back from the intersection of its 50- and 200-day averages, selling off locally on attempts to break above $60K.

▫️ #Ethereum continues to struggle with the 61.8% level from downside momentum;

▫️ #Bitcoin miners' revenues slumped to a one-year low.

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πŸ‘1πŸ‘Ž1
#EconomicReview

▫️ The UK unemployment rate fell from 4.2% to 4.4%, but new data showed a 135K rise in claimant claims.

▫️ Earnings growth slows to 4.5% 3m/y, lowest since 2021

▫️ The pound reacted positively to the better-than-expected figures, but there are doubts about the sustainability of the trend for #GBPUSD.

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πŸ‘3πŸ‘Ž1
▫️ #Crypto cap rose another 2.2% overnight to $2.14 trillion;

▫️ #Bitcoin hovers near $61K and makes no attempt to break 50-day MA.

▫️ #Ethereum is updating local highs and actively climbing out of the pit;

▫️ Mt. Gox has transferred 33.14k BTC to BitGo, keeping another 46.16k on its balance.

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