
Asia | Bitcoin & Crypto | Rates
Asia | Bitcoin & Crypto | Rates
We’ve had great feedback on this new report. This shows that there is much demand for standardising performance across diverse markets.
Last week’s market moves are a case in point. Bitcoin surged serven percent, but that’s less than a one standard deviation move for crypto markets. Instead, the largest standardised moves were in copper prices, which had an over three standard deviation jump, the Japanese yen which had a 2.6 standard deviation decline and China 10y bond yields which experienced a two standard deviation rise (Charts 1 -3). Clearly, the market appears to be pricing a China growth resurgence theme.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
We’ve had great feedback on this new report. This shows that there is much demand for standardising performance across diverse markets.
Last week’s market moves are a case in point. Bitcoin surged seven percent, but that’s less than a one standard deviation move for crypto markets. Instead, the largest standardised moves were in copper prices, which had an over three standard deviation jump, the Japanese yen which had a 2.6 standard deviation decline and China 10y bond yields which experienced a two standard deviation rise (Charts 1 -3). Clearly, the market appears to be pricing a China growth resurgence theme.
The weakness in the Japanese yen is also notable as it had also experienced a more than one standard deviation decline the week before (Chart 2). Typically, markets do not experience successive large weekly moves in the same direction. USD/JPY, therefore, remains a key market to watch in the coming week.
Elsewhere, the Nikkei, Australian dollar, pound sterling, Euro Stoxx, Microsoft, DAX and Amazon all saw weekly increases of more than one standard-deviation.
Spring sale - Prime Membership only £3 for 3 months! Get trade ideas and macro insights now
Your subscription has been successfully canceled.
Discount Applied - Your subscription has now updated with Coupon and from next payment Discount will be applied.