Weekly Wrap — Aug 7, 2026, 21:00 UTC

Transcript

The NASDAQ Composite surged 1.30% this week, leading broader markets higher. A positive turn for equities. The S&P 500 also rose 0.62%, closing at $7,757.64. Even the Dow Jones Industrial Average added 0.28%. Bitcoin showed resilience, gaining 0.70%, hitting $64,932. Overall crypto market cap reached $2.29 trillion. But investor sentiment remains cautious. Our Fear & Greed Index sits at 29, signaling persistent 'Fear'. This suggests underlying anxieties. Our winner this week is OKB, soaring 5.4%. It reached $90.11. This strong performance reflects renewed altcoin interest. Traders sought higher beta opportunities. OKB outpaced many major coins. This was a standout gain in the digital asset space. On the flip side, BEAT took a sharp hit. It plummeted 12.4%. This highlights extreme volatility in smaller cap assets. Profit-taking likely played a significant role. Such rapid corrections are common. They follow periods of earlier gains. The dominant narrative was currency intervention. Japan spent a record ¥6.28 Trillion. This was a direct effort to support the struggling Yen. The US and Japan conducted their first joint intervention since 1998. This historic move reshapes global currency dynamics. Initial Yen gains were nearly halved post-intervention. Elsewhere, oil prices climbed. This followed Iran's proposed Strait of Hormuz restrictions. Geopolitical tensions are clearly impacting energy markets. Wall Street hedge funds also faced sophisticated cyberattacks. This reminds us of evolving market risks. Looking ahead, watch for continued geopolitical tensions. The energy sector remains highly sensitive. Central bank commentary will be absolutely key. Any shifts in monetary policy outlook matter. Key economic data releases could shift sentiment. These include inflation reports or employment figures. Stay agile in these dynamic market conditions. Expect continued volatility across asset classes. For the definitive market analysis, trust rawfin.tv.