London Wrap: Tezos leads crypto, oil slips into close
Tezos jumped 5.06% and altcoins led the crypto tape as crude slipped into the European close; the Euro Stoxx 50 firmed 0.58% but held weekly losses.
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Tezos jumped 5.06% and altcoins led the crypto tape as crude slipped into the European close; the Euro Stoxx 50 firmed 0.58% but held weekly losses.
Tezos jumps 5% to lead a broad crypto bounce as FX majors hold flat and crude slips; Hang Seng climbs 2.1% while Bitcoin steadies near $83,300.
Platinum rose 2.38% and silver 2.11% to lead a broad metals rally into the US close, with Cardano up 4.46% as the day's top gainer.
A U.S.-heavy calendar: CPI Wednesday, then PPI and retail sales Thursday, with BOE's Bailey and Fed's Warsh speaking Friday. Times UTC.
Crypto took the day's worst beating as UNIUSD fell 10% and altcoins slid broadly, while crude oil surged and European equities closed lower.
Canada's employment and unemployment data landed at 12:30 UTC and the Canadian dollar eased across the board, with USDCAD leading the modest move.
Canada's Employment Change lands at 12:30 UTC Friday, with a 6.1K forecast after a 41.7K loss. See how the Canadian dollar crosses are trading.
Crypto opens broadly lower with UNI down 10% and Bitcoin near $81,600, while oil jumps over 2% and the dollar holds steady across the FX majors.
Canada's jobs report at 12:30 UTC headlines the next 24 hours, with employment seen rebounding to +6.1K; US Michigan sentiment surveys follow at 14:00.
Crypto led the US-session selling as Tezos, Polkadot and Uniswap each fell over 7%, platinum and palladium slid hard, and the dollar firmed broadly.
Crypto led a broad risk-off London session, with Tezos and Polkadot down 7.6% and the dollar firming against the euro, pound and Nordic currencies.
Sterling drifted lower across every pair in our feed after BOE Gov Bailey spoke at 12:15 UTC, with GBPJPY leading a muted 0.045% slide.