Market Movers
EU natural gas falls 20% in one week ๐
The price of natural gas in Europe tumbled for the fifth day in a row, dropping below 54โฌ on Friday. Prices have dropped 20% in just one week and are now close to levels not seen since September 2021.
Tesla hodls its bitcoins
Tesla announced it didn’t sell any Bitcoin in Q4 2022. However, its portfolio was at $184 million, down from $218 million at the end of Q3 due to the drop in Bitcoin’s price. This loss should now be erased as Bitcoin surged massively in January.
Adani’s stock falls more than 16% ๐
After Hindenburg accused Adani Group (ADANIENT) of massive fraud, the stock plunged significantly. The stock is now down over 16% in just one day and 33% from its peak.
USD/CAD drops after labor market combo
EUR/GBP stays above significant support
NZD/USD fails to strengthen despite 50bps rate hike
AUD/USD slumps following another rate hike
USD/JPY tests cycle highs near 145
