Tag Pionex

Extreme Low Volatility Environment

Abstract We believe that Bitcoin may not immediately experience an independent bull market due to a downgrade in the US government’s rating. In the future, Bitcoin’s safe-haven properties are expected to become more pronounced. ETFs could also serve as a…

Notes From The Trading Desk #7

Pionex Trading Desk 4/24/2023 Thoughts After the ETH Shanghai upgrade, the options market on ETH has completely reversed itself. There is now a great demand for downside protection, as exemplified in the negative skew for both 25 and 5 delta…

Notes from the Trading Desk #5

Pionex Trading Desk 3/20/2023 Events 3/22/2023 FOMC rate decision + Interest rate projections 2:00 Powell press conference 2:30 3/23/2023 Initial jobless claims 8:30  New home sales 10:00 3/24/2030 Durable goods orders 8:30 Fed Member Bullard speaks 9:30 services PMI (This…

Notes from the Trading Desk #2

Pionex Trading Desk 2/28/2023 News SEC Chairman Gary Gensler says, “everything is a security, except Bitcoin,” in an interview with NY magazine earlier this week. Plus, 3 US government agencies put out a statement about liquidity risk in stablecoins and…

Notes from the Trading Desk #1

Pionex Trading Desk 2/23/2023 Thoughts and Trades Last week’s momentum was driven by the rumor of a proposal in Hong Kong to allow retail traders to purchase crypto currency. The narrative was then expanded into China is behind this and…

Contagion

​​Major events 11-30 Wednesday Fed Beige Book – reports on broad economic conditions and used by the Fed to make interest rate decisions MoM Pending home sales – shows the change in demand for the real estate market Fed Powell…

Market Moving Event!

Major events 11-01 Tuesday  Reserve Bank of Australia announces interest rate decision The final value of the US Markit manufacturing PMI in October. The previous value was 49.9, and the forecast value was 49 11-02 Wednesday  Bank of Japan release…