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.
Optimistic Outlook: Cryptocurrency analyst Plan B is positive about Bitcoin’s future after recent market events. Stock-to-Flow Model: His model forecasts Bitcoin’s price could average $500,000. Price Range: The expected price range for Bitcoin is between $250,000 and $1 million. Model Update: This prediction is from the
China's foreign exchange reserves dropped by over $55 billion in October, a 1.67% decrease from September. The total reserves now stand at about $3.26 trillion. This decline is linked to a stronger U.S. dollar and lower global asset prices. Factors affecting the reserves include exchange