CRYPTO STOCKS DOWN AS BITCOIN PRICES DROP 1.3% 🔸 COINBASE GLOBAL DOWN 4.6% 🔸 BITFARMS DOWN…
Day: October 21, 2024
📰 $NVDA – NVIDIA SHARES UP 1.8%, TOUCHED RECORD HIGH EARLIER IN THE SESSION
$NVDA – NVIDIA SHARES UP 1.8%, TOUCHED RECORD HIGH EARLIER IN THE SESSION
📰 U.S. ELECTIONS WILL DECIDE DOLLAR’S NEAR-TERM OUTLOOK The outcome of the U.S. election early next month will determine the dollar’s near-term outlook, BNP Paribas Markets 360 says in a note. Opinion polls currently suggest the election outcome remains veryuncertain. A ‘red wave’–where Republican candidate Donald Trump becomes president and Republicans control Congress–would be the most positive result for the dollar. The dollar would weaken broadly if Democrat candidate Kamala Harris becomes president and Congress is divided, BNP Paribas says.
U.S. ELECTIONS WILL DECIDE DOLLAR’S NEAR-TERM OUTLOOK The outcome of the U.S. election early next month…
📰 FED’S LOGAN: FED COULD CHANGE REVERSE REPO RATE IF CASH DOESN’T LEAVE FACILITY
FED’S LOGAN: FED COULD CHANGE REVERSE REPO RATE IF CASH DOESN’T LEAVE FACILITY
📰 FED’S LOGAN: EXPECTS GRADUAL RATE CUTS IF ECONOMY MEETS FORECASTS
FED’S LOGAN: EXPECTS GRADUAL RATE CUTS IF ECONOMY MEETS FORECASTS
📰 BITCOIN ETFS INFLOWS HIT $20B, OUTPACE GOLD ETFS 10X: WHAT’S NEXT? While ETFs are seeing heavy inflows, Bitcoin’s exchange inflows have dropped significantly by over 95.93% in the last 48 hours. This suggests a shift in investor behavior as fewer participants are moving their BTC to exchanges. Consequently, the reduction in inflow may be an indicator of the holders’ bullish attitude, as they are opting to hold the assets rather than sell. https://t.co/d0zKG5DJRf
BITCOIN ETFS INFLOWS HIT $20B, OUTPACE GOLD ETFS 10X: WHAT’S NEXT? While ETFs are seeing heavy…
📰 DEFICITS SEEN TO CARRY INFLATIONARY RISK The U.S. government’s latest income statement shows why large budget deficits are a grim omen for the economy, Chris Low of FHN Financial writes. Revenue grew $479 billion in the U.S.’s latest fiscal year, yet the deficit still increased to $1.832 trillion, from $1.695 trillion, as spending grew even faster, he writes. Aside from higher benefits payments and domestic investments, interest payments are a key contributor. They grew by more than 33% in the latest fiscal year, Low observes. Low finds that economists are growing more concerned that deficits are inflationary. “Big deficits created by the response to the pandemic morphed into big deficits in pursuit of industrial policy exacerbated by sporadic multi-billion efforts to forgive student debt, with no obvious end in sight,” he writes.
DEFICITS SEEN TO CARRY INFLATIONARY RISK The U.S. government’s latest income statement shows why large budget…
📰 $DJT – Trump Media Announces Release of Truth+ Streaming on iOS and Apple TV
$DJT – Trump Media Announces Release of Truth+ Streaming on iOS and Apple TV
📰 U.S. DEFENSE SECRETARY, IN KYIV, ANNOUNCES $400 MILLION IN PRESIDENTIAL DRAWDOWN PACKAGE OF ARMS FOR UKRAINE
U.S. DEFENSE SECRETARY, IN KYIV, ANNOUNCES $400 MILLION IN PRESIDENTIAL DRAWDOWN PACKAGE OF ARMS FOR UKRAINE
📰 10-YR U.S. TREASURY RISES TO HIGHEST SINCE LATE JULY, LAST UP 6 BPS AT 4.134%
10-YR U.S. TREASURY RISES TO HIGHEST SINCE LATE JULY, LAST UP 6 BPS AT 4.134%