MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL The company bought 51,780 Bitcoin for about $4.6 billion. This is MicroStrategy's biggest Bitcoin acquisition since it began investing in 2020. MicroStrategy now holds more than $29 billion in Bitcoin. The Bitcoin was bought between
US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS Nomura expects the US Federal Reserve to pause rate cuts in December 2024. Nomura anticipates two 25 basis point cuts in 2025 (March and June), leaving the federal funds rate at 4.125% through next year. Goldman Sachs and JPMorgan expect
GOLDMAN SACHS EXPECTS RBA AND NZRB TO CUT INTEREST RATES Goldman Sachs predicts the Reserve Bank of Australia (RBA) will cut rates by 25 basis points in February 2025. Goldman Sachs expects the Reserve Bank of New Zealand (NZRB) to cut rates by 50 basis points twice more. The final
The Week Ahead: UK Economy Stalls, UK CPI, Nvidia, Walmart, and JD Sports UK inflation data for October will be released, providing insights into the current economic situation. The Bank of England has already implemented 2 rate cuts as inflation slows, but the path for further rate cuts may be
Oil Falls Sharply, Dollar Declines, Bitcoin Recovers October retail sales grew by 0.4%, slightly above the expected 0.3% growth. The dollar declined following the release of the retail sales data. Oil prices fell sharply in response to market movements. Bitcoin showed signs of recovery amid market volatility. Strong
US Inflation Rises to 2.6% in October US CPI rose to 2.6% YoY in October, up from 2.4%, matching market expectations. Remained at 0.2% month-on-month, in line with estimates. Held steady at 3.3% annually and 0.3% monthly, unchanged from September. The rise in inflation
PEPE Hits New All-Time High, Rallies Nearly 50% After Robinhood and Coinbase Listing PEPE surged over 50% and hit a new all-time high following its listings on Robinhood and Coinbase. Coinbase added support for PEPE across its trading platforms. Robinhood also listed PEPE alongside other altcoins like Solana, XRP, and
Australia’s Unemployment Rate Steadies at 4.1% in October Held steady at 4.1% in October, in line with market expectations. Australia's employment rose by 15.9K in October, below the 25K forecast and a sharp slowdown from September's 61.3K (revised). Slight decline to
EUR/USD PIERCES 1.06, FINDS LOWEST BIDS IN A YEAR The pair lost a third of a percent on Tuesday, marking a third consecutive losing day. New Low: EUR/USD briefly dropped below 1.0600, hitting its lowest level in a year. The pair has been on a seven-week
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EUR/USD Price Forecast: Drop to 2023 Low Near 1.0450? EUR/USD hit new 2024 lows near 1.0550 on Wednesday, marking a fourth consecutive decline. US Dollar Strength: The US Dollar continues to rally, with the Dollar Index (DXY) nearing 2024 highs around 106.50. October's
EUR/USD PRICE FORECAST: DOWN, DOWN, DOWN YOU GO EUR/USD dropped to new 2024 lows, below 1.0600. The US Dollar surged, pushing the US Dollar Index (DXY) above 106.00. Investors await US inflation data on Wednesday for further market direction. EUR/USD's pullback was driven
RECORD INFLOWS TO SPOT BITCOIN ETFS $1.114 billion in Bitcoin ETFs yesterday. Led inflows with $756 million and $4.65 billion in daily trading volume. Fidelity’s FBTC ETF saw $135 million in daily inflows. Total Bitcoin ETF inflows now around $26.90 billion. Growing demand reflects increased investor
HOW WILL THE FED HANDLE TRUMP? The Fed cut interest rates by 0.25% to 4.5-4.75%, as expected. Fed Chair Powell took an aggressive stance on his future under a potential Trump administration. Powell clarified that a president cannot legally fire a Fed chair. Trump can appoint a
BANK OF ENGLAND CHIEF ECONOMIST ON INFLATION AND NEUTRAL RATE Work remains on addressing underlying inflation in the UK. Labour market data shows wages are still elevated. Bank of England likely to take a gradual approach to rate cuts. External economic shocks could derail the UK’s path to low
USD/JPY OUTLOOK: BULLS REGAIN CONTROL AFTER CORRECTION 1. USD/JPY Bounce: The pair regained momentum, bouncing from a two-day pullback low of 152.14, suggesting bulls are back in control. 2. Bull-Trap Reversal: Despite a failed weekly close above 153.40, which had initially raised concerns, the pair shows
FALL-OUT FROM THE US ELECTION, INFLATION, AND A TIMELY SPEECH FROM POWELL The results of the US election, particularly control of the House and developments in the Middle East, are expected to cause significant market volatility. Key economic data on inflation and retail sales will provide insights into the health
BITCOIN PRICE FORECAST: BTC POPS ABOVE $82,000, SETTING NEW ALL-TIME HIGH Bitcoin hit a new all-time high of $82,471 on Monday, following a 17% rally last week. US spot Bitcoin ETFs saw inflows of $1.61 billion after Trump’s victory and the Fed’s interest rate cut.
GBP/USD FOREX SIGNAL: STERLING IS RIPE FOR A BEARISH BREAKOUT 1. Bearish Outlook: GBP/USD is showing signs of a bearish breakout, with the recommendation to sell the pair. 2. Sell Recommendation: Enter a sell position at current levels, targeting a take-profit at 1.2850 and placing a stop-loss
CAUTIOUS OPTIMISM PREVAILS AMID CHINA WOES, PARTIAL US MARKET HOLIDAY Following a strong rally on Wall Street last week, global markets are cautiously optimistic to begin the new week. Investors show concern over China’s 10 trillion yuan ($1.4 trillion) fiscal stimulus package, seen as insufficient to address economic
Hugh Bell from the Bank of England said more interest rate cuts could happen if the UK economy keeps shrinking. The bank is watching factors like wages, profit margins, and the job market to help decide. Any cuts will be gradual, considering possible inflation impacts from government spending and global
Bitcoin milestone: Bitcoin hit an all-time high of over $80,000, increasing by 4.5%. Ether gains: Ether also rose, going up by 3% to over $3,200. Trump's pro-crypto stance: The surge is linked to Donald Trump’s election win and his supportive approach to digital assets.
