Market Insights
Article by infotech
Indicative spot-forward basis/spread:
| index | Basis | AnnRate(%) | Tenor | |:--------|---------:|-------------:|--------:| | 15MAR24 | -76.61 | -38.28 | 1 | | 22MAR24 | 320.89 | 20.04 | 8 | | 29MAR24 | 663.39 | 22.1 | 15 | | 26APR24 | 2423.39 | 28.16 | 43 | | 28JUN24 | 4635.89 | 21.85 | 106 | | 27SEP24 | 8028.39 | 20.36 | 197 | | 27DEC24 | 10512.1 | 18.24 | 288 |
US non-farm payrolls report for August came in lower-than-expected last night at 142K (est. 165K). Unemployment matched estimates at 4.2%, slightly down from the previous
US JOLTS job openings printed their lowest level since January 2021, while layoffs rose to its highest since March 2023. The market reacted by pricing
QCP’s Volatility Momentum Indicator (VMI) has been triggered this morning for both BTC and ETH, indicating that the market is entering a period of heightened
September is typically a bearish month not just for crypto but across all asset classes (with bonds lower in 8 out of the last 10
BTC ended August down 8.6%. We started the month with the ‘BOJ crash’ and BTC was never able to recover above 65k. ETH performance in
This week, the crypto market saw Bitcoin rejecting $65k highs, reversing last week’s gains and sliding back into the 58k to 60k range. BTC spot
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QCP Capital is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any counterparty. Therefore, it is strongly suggested that any prospective counterparty obtain independent advice in relation to any trading investment, financial, legal, tax, accounting or regulatory issues discussed herein. This website is only directed at informed and qualified investors. Your entry to this website attests that you are fully aware that trading of DPTs is not suitable for the general public and that you are an informed and qualified investor, and are also fully cognisant of all technological and financial risk(s) associated with trading Digital Payment Tokens.
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Risk Warning on Digital Payment Digital Services
The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
