Article by

Picture of Elisha
Elisha

Other Topics

Market Insights

Weekend Macro

Published May 4, 2024
1 mins read

Article by Elisha

  • Friday’s US data releases provided a big bullish boost to markets. A quick follow-on to the dovish FOMC and QRA which lifted prices off the lows just the day before.
  • Employment data was weaker than expected across the board which dampens the fear of rising inflation (Non-Farm Payrolls at 175k v 240k, Unemployment Rate at 3.9% v 3.8%, Average Hourly Earnings MoM was 0.2% v 0.3%).
  • The stars are aligning with both the Fed and Treasury leaning dovish plus weaker data, which reopens the path for rates cuts this year.
  • US 2-Year Yields collapsed from over 5% to almost 4.7%! Does this mark the end of the rampaging USD dollar rally?
  • The crypto markets loved this, especially the BTC spot ETFs which saw net inflows across the board totaling $378.3m. Even GBTC was posting a positive inflow number for the first time!

Trade Ideas:
Don’t fight the Fed. The Bullish ERKO Seagull strategy suggested on Thursday is already in-the-money.
If you think the bull market has resumed and would still like to buy BTC or ETH below the recent lows of 56.5k and 2814, you can still do so with Accumulators.

BTC Accumulators
(spot ref: 63.5k)
1. 35 weeks (27-Dec expiry)
Buy BTC at 52k every Friday as long as BTC spot price is under 73k.
2. 20 weeks (13-Sep expiry)
Buy BTC at 55k every Friday as long as BTC spot price is under 70k.

ETH Accumulators
(spot ref: 3,100)
1. 35 weeks (27-Dec expiry)
Buy ETH at 2500 every Friday as long as ETH spot price is under 3660.
2. 20 weeks (13-Sep expiry)
Buy ETH at 2700 every Friday as long as ETH spot price is under 3660.

*Please check in your trading chat for details and strategy customisations.

Latest Articles

Asia Color -

09 Dec 24

December 9, 2024
1 mins read

Asia Color -

05 Dec 24

a) For the front-end traders, they were frantically covering their short positions as the continued rally squeezed into their shorts b) Mid-tenor traders were relatively

December 5, 2024
1 mins read

Asia Color -

04 Dec 24

Reject modernity, embrace tradition. These 4 four words would have served you well in navigating (and profiting!) from crypto markets in the past week. Seasoned

December 4, 2024
1 mins read

Asia Color -

03 Dec 24

December 3, 2024
1 mins read

Asia Color -

02 Dec 24

BTC briefly touched 98k over the Thanksgiving weekend, driven by Saylor’s BTC investment strategy presentation to Microsoft. Microsoft’s shareholders are scheduled to vote on a

December 2, 2024
1 mins read

Asia Color -

28 Nov 24

BTC reclaimed the critical 95,000 level last night after PCE price index came in as expected. ETH was the main outperformer yesterday as it rallied

November 28, 2024
1 mins read

Exclusive insights tailored specifically for you.

Follow us to receive the latest developments in crypto derivatives.

Disclaimer

This information contained in this website is intended as a general introduction to QCP Capital and its activities as a Digital Payment Token (DPT) service provider and is for informational purposes only.

 

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.

 

In the event you intend to onboard with QCP Capital to trade in DPTs, by onboarding with us you acknowledge that you are aware of any rules and/or regulations applicable to the provision of DPT and/or financial services, the high degree of risk involved and that in no event will QCP Capital or any if its directors or employees be liable for any injury loss, claim or damage (whether direct, indirect, consequential or incidental) arising either directly or indirectly out of, or in any way connected with, the site, or its use.

 

If you are located, incorporated, or otherwise established in, or a citizen or resident of certain jurisdictions, QCP Capital may be unable to, or otherwise reserve its right to refuse to engage in or establish a trading relationship with you. Please contact us if you believe you have received this notice in error. QCP Capital is not registered or licensed to operate in the states of Louisiana and New York and will not be able to establish a trading relationship with you if you are resident, incorporated or have your principal place of business in New York or Louisiana.

 

You also acknowledge that you understand that trading in payment token derivatives (“PTD”) are also not any less risky than trading in DPTs. PTD services are not regulated by the MAS and QCP Capital is as such not licensed under the MAS to provide PTD services. You should only trade in PTDs if you are an Accredited Investor and/or have sufficient experience and knowledge in trading PTDs.

 

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”.