‼️ELECTION UPDATE ALERT🇺🇸 | U.S. ELECTIONS AND MARKET REACTION
After a night of heavy selling pressure on Asian stock markets and U.S. futures, the market began to show signs of recovery.
U.S. futures began trading higher after their initial losses:
• Nasdaq: +0.2%
• S&P 500: +0.2%
• Dow Jones: +0.3%
The Guardian reported that Democrats had won control of the House of Representatives. This shift increases Congress’s ability to scrutinize the government and restrict Donald Trump’s legislative initiatives. However, the president retains his veto power, and certain proposals will continue to depend on negotiations between the parties.
In Europe, the STOXX 600 index rose approximately 0.5%, led by the banking sector, which posted gains of more than 2%.
THE DOLLAR AND U.S. INTEREST RATES
Reuters reported that the dollar weakened, with the DXY index near 101.27 points, while the yield on the 10-year U.S. Treasury fell to around 4.91%.
These moves reflect a reassessment of economic and fiscal expectations. Lower yields can affect the cost of capital, while the dollar remains sensitive to changes in political and monetary outlooks.
AND OUR BITCOIN
BTC and ETH remain extremely sensitive to the macroeconomic environment, especially the performance of the Nasdaq, the dollar, interest rates, and expectations surrounding crypto regulation, including the CLARITY Act.
We are facing an extremely sensitive market that is still absorbing the election results and readjusting its expectations.
Our attention now turns to the U.S. market open, Trump’s statements, and the sustainability of buying activity.
Don’t confuse a short-term recovery with a trend reversal. We need confirmation of strength and validation of the market structure before taking on new risks.
#ThaiTraderOficial
#TrumpCryptoSupport
#USMidterms-WhatAreMarketsExpecting?
#USOctoberNFP-AreRateCutsStillPossible
After a night of heavy selling pressure on Asian stock markets and U.S. futures, the market began to show signs of recovery.
U.S. futures began trading higher after their initial losses:
• Nasdaq: +0.2%
• S&P 500: +0.2%
• Dow Jones: +0.3%
The Guardian reported that Democrats had won control of the House of Representatives. This shift increases Congress’s ability to scrutinize the government and restrict Donald Trump’s legislative initiatives. However, the president retains his veto power, and certain proposals will continue to depend on negotiations between the parties.
In Europe, the STOXX 600 index rose approximately 0.5%, led by the banking sector, which posted gains of more than 2%.
THE DOLLAR AND U.S. INTEREST RATES
Reuters reported that the dollar weakened, with the DXY index near 101.27 points, while the yield on the 10-year U.S. Treasury fell to around 4.91%.
These moves reflect a reassessment of economic and fiscal expectations. Lower yields can affect the cost of capital, while the dollar remains sensitive to changes in political and monetary outlooks.
AND OUR BITCOIN
BTC and ETH remain extremely sensitive to the macroeconomic environment, especially the performance of the Nasdaq, the dollar, interest rates, and expectations surrounding crypto regulation, including the CLARITY Act.
We are facing an extremely sensitive market that is still absorbing the election results and readjusting its expectations.
Our attention now turns to the U.S. market open, Trump’s statements, and the sustainability of buying activity.
Don’t confuse a short-term recovery with a trend reversal. We need confirmation of strength and validation of the market structure before taking on new risks.
#ThaiTraderOficial
#TrumpCryptoSupport
#USMidterms-WhatAreMarketsExpecting?
#USOctoberNFP-AreRateCutsStillPossible
