📈 TradFi Daily Report | 9.24
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🇺🇸 US Stocks
▪️ The probability of the Fed raising rates in October rose to 69.7%. Bloomberg’s Dollar Index climbed for the fourth consecutive day. Combined with the US PMI reaching a five-year high, the dollar and interest-rate expectations have become the dominant variables driving the market right now.
▪️ The US-China trade truce has been extended to January 10 next year. Treasury Secretary Bessent confirmed the extension; meanwhile, reports emerged that TSMC raised its wafer prices for 2027 by 3%-6%, and cost pressure along the semiconductor supply chain is set to continue.
🥇 Gold Commodities
▪️ SPDR Gold Trust holdings increased by 0.855 tonnes in a single day to 1,056.836 tonnes. Despite a stronger US dollar, capital is still flowing into gold ETFs, and safe-haven demand has not cooled.
🛢️ Crude Oil
▪️ Driven by heightened tensions between the US and Iran, oil prices spiked in the short term. But after that, Treasury Secretary Bessent said that once supply is restored, oil prices will “significantly fall.” Conflicting long/short signals have emerged, leaving limited directional clarity for the energy sector.
🔗 Correlation With BTC
Rising pressure from the dollar and hotter rate-hike expectations temporarily weighs on risk-asset valuations. However, the Trump administration is considering promoting USD stablecoins overseas; progress on the regulatory front may open a new institutional window for the crypto market. At the same time, 21Shares listed Europe’s first $ZEC ETP on a pan-European exchange, extending its institutional product line further into the privacy track. With macro liquidity tightening running in parallel with an institutionalization narrative, the medium-term direction for #BTC still depends on the interest-rate path and how tight or loose funding conditions are.
This is for reference only and does not constitute investment advice. Please view market volatility rationally.
━━━━━━━━━━━━━
🇺🇸 US Stocks
▪️ The probability of the Fed raising rates in October rose to 69.7%. Bloomberg’s Dollar Index climbed for the fourth consecutive day. Combined with the US PMI reaching a five-year high, the dollar and interest-rate expectations have become the dominant variables driving the market right now.
▪️ The US-China trade truce has been extended to January 10 next year. Treasury Secretary Bessent confirmed the extension; meanwhile, reports emerged that TSMC raised its wafer prices for 2027 by 3%-6%, and cost pressure along the semiconductor supply chain is set to continue.
🥇 Gold Commodities
▪️ SPDR Gold Trust holdings increased by 0.855 tonnes in a single day to 1,056.836 tonnes. Despite a stronger US dollar, capital is still flowing into gold ETFs, and safe-haven demand has not cooled.
🛢️ Crude Oil
▪️ Driven by heightened tensions between the US and Iran, oil prices spiked in the short term. But after that, Treasury Secretary Bessent said that once supply is restored, oil prices will “significantly fall.” Conflicting long/short signals have emerged, leaving limited directional clarity for the energy sector.
🔗 Correlation With BTC
Rising pressure from the dollar and hotter rate-hike expectations temporarily weighs on risk-asset valuations. However, the Trump administration is considering promoting USD stablecoins overseas; progress on the regulatory front may open a new institutional window for the crypto market. At the same time, 21Shares listed Europe’s first $ZEC ETP on a pan-European exchange, extending its institutional product line further into the privacy track. With macro liquidity tightening running in parallel with an institutionalization narrative, the medium-term direction for #BTC still depends on the interest-rate path and how tight or loose funding conditions are.
This is for reference only and does not constitute investment advice. Please view market volatility rationally.