The Market Updates

🚨🇺🇸 Trump may be clearing his schedule for a VERY SAD Wednesday

The White House has released Trump's agenda for tomorrow, with NO events open to the press currently listed.
Not even $5,000 could sway the public to vote for the GOP.

This is DISASTROUS for Republicans... I don't see how MAGA survives.

🩸CRASH:

¥29,830,000,000,000 ($190B) has been wiped out from Japanese stocks.

🇺🇸 THE SENATE MAP IS STARTING TO LOOK VERY BLUE.

Polymarket now gives Democrats a 74% chance of taking control, with Michigan, Texas, Ohio, Maine, Alaska and Kansas all leaning their way.

Iowa is sitting dead even at 50-50.

The wildest one is Texas, where Democrats are being priced at 74%.

Writer: Sol

BTC Dominance just got rejected for the 3rd time.

Altcoin Dominance is holding support at the same time.

You already know what comes next.

ETH/BTC closed above its multi-month trendline despite a red October, which is a bullish sign.

Now we need a bounce above key resistance to confirm ETH is gaining strength against Bitcoin.

🇺🇸 Wall Street strategists expect the U.S. dollar to WEAKEN after the midterms, but a major surprise could send it sharply higher...

66 foreign-exchange forecasters project the euro will rise against the dollar:

🇪🇺 Today: $1.12

📈 In 3 months: $1.13

📈 In 6 months: $1.14

📈 In 12 months: $1.16

That's roughly a 4% increase over the next year.

But there's a twist...

Nearly 60% of strategists answering an additional question believe the dollar is MORE likely to outperform their near-term forecasts than underperform.

Bank of America says a strong Democratic showing in today's elections may already be priced into markets.

A surprise Republican sweep, however, could push U.S. stocks, bond yields, and the dollar higher.

Source: Reuters

WHAT THE ACTUAL FUCK ??

🇮🇷 Iran rejects reports that it is close to reaching a deal with the US, per IRIB.

ETH/BTC downtrend is now over.

GIGA BULLISH FOR ALTS.

BREAKING:

Binance says hackers used bogus job interview to hack employee and steal $6.3 Billion in assets.

Insane.

BREAKING: 🇺🇸 The CFTC has approved 24/7 perpetual futures on US stocks to trade on American exchanges for the first time.

BULLISH 🚀

🚨🇺🇸🇮🇷 Markets are reacting SHARPLY to reports of progress in U.S.-Iran negotiations...

Washington and Tehran have made concessions regarding Iran's nuclear program and frozen funds.

The market charts show a dramatic reaction:

-WTI crude oil plunges from above $98 to around $94.94 per barrel.

-S&P 500 surges from approximately 7,533 to 7,565.

-U.S. Dollar Index drops from around 101.85 to 101.74.

Oil falling, stocks rising and the dollar weakening suggest traders may be pricing in reduced geopolitical tensions.

However, the reported concessions have not been officially confirmed, and the charts alone cannot establish what triggered the moves.

Could a diplomatic breakthrough finally be approaching?

Source: Al Araby Al Jadeed, Financial Juice

🚨 BREAKING 🚨

🇺🇸 US has approved the MOU draft around Iran's frozen funds and its nuclear program.

A deal looks close now.

🚨CRASH:

Oil has crashed -4% in just 30 minutes after the US approved the draft agreement with Iran.

Bullish for markets.

HOLY SHIT 😱

Trump's administration portfolio is down $25 Billion in just 30 days.

Nobody is safe in this market.

🇺🇸🇮🇷 The U.S. hit an Iranian island in the Strait of Hormuz overnight, and oil barely blinked.

Brent crude is sitting at $106 a barrel this morning after crashing 7.6% yesterday.

What sparked the selloff? Iran's president said the supreme leader had given his government more room to negotiate a deal with the U.S.

Just last week, traders were panicking over a fresh wave of U.S. and Israeli strikes and pushed Brent close to $118.

Trump has since ruled out any big new strikes before today's midterms, and Washington is calling last night's hit a defensive measure.

Bombs used to send oil flying, but 8 months into the war, traders have officially stopped flinching.

Source: FT

🇺🇸 US midterms are today and it is bullish for Bitcoin in the long term.

History shows BTC has always pumped in the 12 months following the last 3 elections.

2014: +24.5%
2018: +44.9%
2022: +92.3%

And this election matters a lot for crypto.

The CLARITY Act is already stalled in the Senate, and if Democrats win, the chances of approval would go down even more.

Not only that, but a Democrat win could even push Trump to launch fresh attacks on Iran, which will result in high oil prices and inflation.

But this will all concern the markets in the short term.

Once the uncertainty around the election and war is over, liquidity will start rotating into crypto, sending our bags to new highs.

🚨🇺🇸 TRUMP IS WEIGHING 3 OPTIONS ON IRAN, AND HIS TOP ADVISERS ARE SPLIT

🤝 MAKE A DEAL: Vance and Witkoff want diplomacy.

💣 STRIKE AGAIN: Netanyahu and Hegseth favor renewed military action.

💰KEEP SQUEEZING : Bessent, Ratcliffe and Rubio want economic pressure without war or a deal.

Trump told Axios he is in “no rush” to decide what comes next.

Source: Axios

The U.S. bombed Iran today, another limited strike, the 4th in recent days

Yet no one is talking about it, and Iran is not retaliating disproportionally even though it has a chance to harm Trump politically

Why is Iran holding off striking the U.S. before the midterms?

BREAKING: Tether CEO Paolo Ardoino says the company owns approximately 150,000 BTC worth over $11.55 BILLION.

WHALES ARE LOADING UP 🔥

BREAKING: 🇰🇵 North Korea calls the Binance accusations a "fabrication" and says it had nothing to do with the $6.3 BILLION theft.

They are denying the largest heist in human history.