The Market Updates
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The Market Updates
Crypto Trader Since 2007.
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BREAKING: 🇺🇸 Kevin Hassett says the case for the Fed to hold rates is "very strong."
🇺🇸 PRESIDENT TRUMP JUST POSTED THIS!!
“We should have the LOWEST RATE of any country in the World”
“We should have the LOWEST RATE of any country in the World”
🚨🇺🇸 SEPTEMBER RATE HIKE ODDS JUMPED TO 60.2%
US unemployment came in at 4.1%, unchanged from last month.
The US economy added 162,000 jobs in August, while expectations were just 53,000.
The private sector added 127,000 jobs against expectations of 45,000.
This is the strongest jobs report in months.
A strong labor market gives the Fed more room to hike.
US unemployment came in at 4.1%, unchanged from last month.
The US economy added 162,000 jobs in August, while expectations were just 53,000.
The private sector added 127,000 jobs against expectations of 45,000.
This is the strongest jobs report in months.
A strong labor market gives the Fed more room to hike.
Bitcoin is testing a major breakout level.
$BTC is trading above the Weekly MA 50 at $80,400, with $83K now the next major resistance.
A weekly close above $83K would put Bitcoin back in a much stronger position.
$BTC is trading above the Weekly MA 50 at $80,400, with $83K now the next major resistance.
A weekly close above $83K would put Bitcoin back in a much stronger position.
🇴🇲🇮🇷 Oman just said no to Iran’s Strait of Hormuz money plan.
Iran wanted Oman to join a system where commercial ships could pay fees for environmental and security services while passing through the strait.
And Iran’s IRGC actually announced last week that the two countries had already agreed on how to split the money.
Turns out, not quite. Now a high-ranking regional official says Oman declined the proposal, even if the fees were voluntary.
That also keeps Muscat out of a pretty nasty fight with Trump, who has twice threatened to bomb Oman if it helped Iran effectively put tolls on the strait.
So Iran announced the deal, and Oman basically went: deal? What deal?
Source: New York Post
Iran wanted Oman to join a system where commercial ships could pay fees for environmental and security services while passing through the strait.
And Iran’s IRGC actually announced last week that the two countries had already agreed on how to split the money.
Turns out, not quite. Now a high-ranking regional official says Oman declined the proposal, even if the fees were voluntary.
That also keeps Muscat out of a pretty nasty fight with Trump, who has twice threatened to bomb Oman if it helped Iran effectively put tolls on the strait.
So Iran announced the deal, and Oman basically went: deal? What deal?
Source: New York Post
BREAKING: 🇺🇸 Senator Cynthia Lummis says the CLARITY Act would take Wyoming's crypto-friendly rules nationwide.
The Clarity Act vote happens in 12 days.
The Clarity Act vote happens in 12 days.
Partly True
🇯🇵 The Bank of Japan is intervening AGAIN to stop the Yen’s freefall...
The currency strengthened yesterday, climbing back to around 156 against the dollar after Tokyo stepped in.
The exact size of the intervention remains unclear.
The Yen may stabilize or strengthen further if markets believe the BOJ is serious. Speculators betting against the currency could get squeezed.
Higher Yen makes Japanese exports more expensive, which can hurt companies like Toyota and Sony.
The currency strengthened yesterday, climbing back to around 156 against the dollar after Tokyo stepped in.
The exact size of the intervention remains unclear.
The Yen may stabilize or strengthen further if markets believe the BOJ is serious. Speculators betting against the currency could get squeezed.
Higher Yen makes Japanese exports more expensive, which can hurt companies like Toyota and Sony.
BREAKING: Over ¥40,000,000,000,000 has been wiped from Japanese stocks in just 5 days.
Bitcoin’s monthly chart looks interesting.
Monthly RSI bounced from 40
Monthly Stoch RSI turned positive
Both signals have appeared around major cycle bottoms before.
Not saying the bottom is in, but the setup is getting interesting.
$81K is the key level, a break above the weekly MA50 will confirm the bullish case.
Monthly RSI bounced from 40
Monthly Stoch RSI turned positive
Both signals have appeared around major cycle bottoms before.
Not saying the bottom is in, but the setup is getting interesting.
$81K is the key level, a break above the weekly MA50 will confirm the bullish case.
BREAKING: 🇺🇸 The U.S. Treasury is set to buy back $12,500,000,000 of its own debt tomorrow.
That's more than SIX times their normal operation size.
Extremely bullish for risk assets like Bitcoin.
That's more than SIX times their normal operation size.
Extremely bullish for risk assets like Bitcoin.
THIS IS CRAZY!!
🇬🇧 A British celebrity ended her marriage when her husband's $50 million crypto wallet turned out to have just $3 in it.
He rug-pulled his own wife.
🇬🇧 A British celebrity ended her marriage when her husband's $50 million crypto wallet turned out to have just $3 in it.
He rug-pulled his own wife.
BREAKING: 🇺🇸 SEC Chair Paul Atkins says their new crypto regulation proposal is the biggest step toward making america the crypto capital of the world.
Clarity is coming one way or another 🚀
Clarity is coming one way or another 🚀
🔥MASSIVE:
G20 nations agree to establish 'clear regulations' for the crypto market.
G20 nations agree to establish 'clear regulations' for the crypto market.
Partly True
🇺🇸🇮🇷 The Iran fighting pushed oil higher for two weeks straight, but this week it finally hit a wall...
Brent climbed from the mid-$80s to nearly $97 as the U.S. and Iran kept trading blows around the Strait of Hormuz.
Then something pretty important happened: the ships kept moving.
A U.S. official said around 40 ships passed through the strait yesterday carrying millions of barrels of oil, even as missiles and drones were flying around.
And it was a pretty heavy night...
The U.S. hit around 100 targets across Iran, including two government tankers under Trump’s new “tanker for tanker” policy, with drones striking their engine rooms.
Iran fired back with around 25 ballistic missiles and drones aimed at U.S. bases, but most were intercepted or landed without casualties.
Once traders saw the oil was still flowing, some of the panic disappeared. Brent slipped from nearly $97 back below $95.
Nobody’s calling this calm though. European gas just hit a 3-year high and Europe is already worrying about another inflation hit.
Oil is still flowing, and for now, that seems to be keeping the panic in check.
Source: Axios, Bloomberg
Brent climbed from the mid-$80s to nearly $97 as the U.S. and Iran kept trading blows around the Strait of Hormuz.
Then something pretty important happened: the ships kept moving.
A U.S. official said around 40 ships passed through the strait yesterday carrying millions of barrels of oil, even as missiles and drones were flying around.
And it was a pretty heavy night...
The U.S. hit around 100 targets across Iran, including two government tankers under Trump’s new “tanker for tanker” policy, with drones striking their engine rooms.
Iran fired back with around 25 ballistic missiles and drones aimed at U.S. bases, but most were intercepted or landed without casualties.
Once traders saw the oil was still flowing, some of the panic disappeared. Brent slipped from nearly $97 back below $95.
Nobody’s calling this calm though. European gas just hit a 3-year high and Europe is already worrying about another inflation hit.
Oil is still flowing, and for now, that seems to be keeping the panic in check.
Source: Axios, Bloomberg
BREAKING: 🇺🇸 Commerce Secretary Lutnick expects US rates to hold steady and begin falling within 6 months.
🚨 BREAKING 🚨
"YEN INTERVENTION" has started again.
Historically, this has been a bad thing for the crypto market.
"YEN INTERVENTION" has started again.
Historically, this has been a bad thing for the crypto market.
CLARITY IS COMING THIS MONTH!!
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