Market Recap: All You Need to Know to Start Your Week

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DIFX Buzz: Here’s a weekly market recap for you to start your Monday with the top news of the week.

Let’s see what happened in markets this week:


❖ The Dollar fell against all assets on Wednesday after Jerome Powell came out less hawkish than expected at the Fed Meeting.

❖ EUR/USD had highs of $1.1032 last week but ended the week below $1.0792.

❖ Non-Farm Payrolls missing forecasts with a strong reading resulted in the Dollar ending the week with gains against major FX pairs.

❖ The Dollar Index is now trading above $103.


❖ Dell is about to slash 6,500 jobs (around 5% of employees) as demand for PCs fall.

❖ Chinese retailers are offering 10% discounts on Apple’s iPhone 14 Pro, indicating a slowdown in demand for the mobile offering.

❖ Oracle is to invest $1.5bn in Saudi Arabia over the next few years to bolster its cloud computing division with higher data transfer speeds. 

❖ SpaceX could potentially test the Starship launch in March if all tests go according to plan.

 ❖ Craig Wright’s lawsuit against Bitcoin’s network developers may go to trial as he attempts to recover billions of Dollars.

❖ Russia’s largest lender Sberbank plans to launch a DeFi platform within the next few months.

❖ Ethereum developers will launch a public testnet later today that supports Beacon Chain withdrawals. This will serve as a rehearsal for the upcoming Shanghai and Capella upgrades.

 ❖ Gold made highs of $1959 as the Dollar fell on Wednesday last week, yet plummeted to lows of $1860 after the strong jobs data release on Friday.

❖ Natural Gas is trading at $2.454 after massive slides due to a warmer-than-expected winter. The last time it hit these lows was in March 2021.

❖ China demand may boost Oil prices after an 8% decline last week.

❖ Indonesia has big plans for electric vehicles as they have the world’s largest nickel reserves with a ban on nickel exports. 

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