Market Observations

SGT Chart Book 22.04.24

By SGT Trading Desk / 22 Apr 2024

Geopolitical concerns, Israel/Iran and inflation, future rate cuts in US dominates the narrative. Nasdaq: Worst Week Since 2022, racking up a 5.5% weekly decline. The S& P 500 dropped 3.1%, and the Dow Jones Industrial Average up 0.2%.

How Does Airdrop Crypto Work? A Step-by-Step Guide

By Michael Kelley / 17 Apr 2024

Airdrop crypto has become a staple marketing strategy for new cryptocurrency projects, aiming to distribute tokens directly to users’ wallets to foster awareness and increase circulation…

SGT Chart Book 15.04.24

By SGT Trading Desk / 15 Apr 2024

Key Market Drivers: Inflation and geopolitical worries were once again the focus of the week. We are getting further risk off sentiment heading into the weekend, and seeing a flight to safety, with the dollar stronger, and equities being sold off.

Unveiling the Crypto World: What is an Initial Coin Offering (ICO)?

By Michael Kelley / 10 Apr 2024

In the dynamic world of finance, Initial Coin Offerings (ICOs) have emerged as a breakthrough method of venture financing, leveraging the power of cryptocurrencies and blockchain technology…

SGT Chart Book 08.04.24

By SGT Trading Desk / 08 Apr 2024

Key points of the week: Fridays US jobs report showed the adding of 303,000 jobs way above expectations. March manufacturing data released on Monday was above 50 indicating expansion, first time in over a year.

Breaking Down the Meme Coin Phenomenon: A Detailed Look

By Michael Kelley / 05 Apr 2024

The world of meme coins, a unique subset of cryptocurrencies originating from internet memes and humorous concepts, has recently emerged as a captivating phenomenon in the digital currency landscape.

SGT Chart Book 01.04.24

By SGT Trading Desk / 01 Apr 2024

USA500: Strong first quarter of 2024, with gains over 10%. Last week again saw new highs for this rally. The hourly chart shows trendline support beneath market levels…

What is Crypto Trading? – 3 Key Things to Understand

By Michael Kelley / 27 Mar 2024

Cryptocurrency trading involves the art of speculating on price movements within the market. This activity can take place through a CFD trading account for prediction purposes or by directly purchasing and holding cryptocurrencies via an exchange.

SGT Chart Book 25.03.24

By SGT Trading Desk / 25 Mar 2024

US Stock markets pushed to new highs by hopes that high borrowing costs are coming to an end. On Wednesday, after Fed Chair Jerome Powell indicated that the central bank was still on track to cut interest rates three times this year, all three major indexes hit new record highs. FOMC forecasts shows 75 bps of rate cuts in 2024.

Understanding Stablecoin: What it is and How it Works

By Michael Kelley / 21 Mar 2024

Stablecoin represents an innovative category within the cryptocurrency space, aiming to offer a stable value by being commonly pegged to tangible assets like fiat currencies or commodities.