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U.S. dollar strength and volatility surge as markets nervously await U.S. open

AI Summary3 min read

TL;DR

미국 달러 강세와 변동성 급등으로 시장이 불안해하며, 트럼프 행정부의 연준 의장 교체 가능성과 비트코인 하락 등 전반적인 위험 회피 분위기가 지배적입니다.

Key Takeaways

  • •트럼프 행정부가 제롬 파월을 대체해 케빈 워시를 다음 연준 의장으로 발표할 가능성이 시장 불안을 초래했습니다.
  • •VIX 지수 13% 상승과 MOVE 지수 6% 상승으로 주식 및 국채 시장의 불확실성이 높아졌습니다.
  • •DXY 지수가 96.6으로 상승하며 달러 강세와 위험 회피 분위기가 강화되었고, 비트코인은 $82,000까지 하락해 시가총액 11위로 떨어졌습니다.
  • •금과 은을 포함한 상품 시장도 약세를 보였으며, Pudgy Penguins가 NFT 브랜드로 성장하며 소비자 IP 플랫폼으로 전환 중입니다.
DXY Index (TradingView)
DXY Index (TradingView)

What to know:

  • Reports suggest the Trump administration may announce Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell.
  • The VIX is up 13%, while the MOVE Index has climbed 6%, highlighting elevated uncertainty across both equity and Treasury markets.
  • The DXY index is edging higher, reinforcing a risk off tone as U.S. equities trade lower ahead of the open.
  • Reports suggest the Trump administration may announce Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell.
  • The VIX is up 13%, while the MOVE Index has climbed 6%, highlighting elevated uncertainty across both equity and Treasury markets.
  • The DXY index is edging higher, reinforcing a risk off tone as U.S. equities trade lower ahead of the open.

The Trump administration is reportedly preparing to announce Kevin Warsh as the next Federal Reserve chair on Friday, replacing Jerome Powell, a development that has unsettled markets and triggered a broad selloff across asset classes.

As a result risk sentiment has deteriorated as investors price in potential shifts in monetary policy direction.

Meanwhile, the DXY index, which tracks the strength of the U.S. dollar against a basket of major currencies, has edged up to 96.6.

U.S. Treasury yields are modestly higher, with the 10 year benchmark yield at approximately 4.25%.

Volatility has surged with the Volatility Index (VIX) up 13% and the MOVE Index, which tracks volatility in the U.S. Treasury market, higher by 6%.

In Friday pre-market trading, the Invesco QQQ (QQQ) is down more than 1%, trading around $622 per share.

Bitcoin has fallen significantly, sliding to $82,000. As a result of this drop, bitcoin has fallen out of the top ten global assets by market capitalization and now ranks eleventh, with a market cap of $1.6 trillion.

Equities tied to bitcoin have followed suit. Strategy (MSTR), the largest publicly traded holder of bitcoin, is down 4% in pre market trading after falling roughly 10% on Thursday, now trading near $138. In the bitcoin mining and AI sector, IREN (IREN) is down 5% at $57, while Cipher Mining (CIFR) is lower by 4%. While both Galaxy Digital (GLXY) and Coinbase (COIN) are down 3%.

Metals have absorbed much of the downside during the last 24 hours. Gold has retreated toward $5,000 per ounce, while silver has fallen back to around $100 per ounce. Other commodities have also weakened, with copper and oil both trading lower.

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