At-a-Glance
Today’s Top Highlights
Equity Markets saw significant gains in the morning that were eventually washed out and are now unchanged or slightly lower on the session. Although the results were mixed, equities still managed to finish the week off higher. On the other side, Silver traded significantly lower on the session today being down over 2.5% and creating a new weekly low. The Silver market has been very strong after breaking out above the October 2024 high, and now to end the week, the market broke back below that level, which could indicate a slowdown in momentum in the near term.
The crypto markets also have seen selling pressure across the board, as the Bitcoin contract has had 3 negative trading weeks out of the last 4 weeks. Along with Bitcoin, traders saw Ether, Solana and XRP trade lower the last 2 weeks. The big news of the week was the Fed Interest Rate Decision, and the result came in as expected seeing rates remain unchanged. The CME Fed Watch Tool is indicating the first rate cut to come in September, but traders will be watching as the date of the cut has been volatile throughout the year.
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