$BTC fell overnight and then rebounded sharply. Some analysts say it had dropped too far, too fast (oversold), but continued spot ETF outflows point to weak demand (CoinDesk). A software company like Datadog grew strongly, but its next quarter guidance was roughly unchanged, so shares dropped sharply (Stock Titan). A fast food company reported better results, raised its dividend (the payout to shareholders) and its shares rose, though US sales dipped slightly (Stock Titan). A server company's shares rose first after results and then turned roughly flat, with the reason unverified (Stock Titan). A networking company's revenue beat its own forecast and shares rose (Stock Titan). A large chip company posted strong results, but shares rose first and then went flat (Stock Titan). Oil fell as fears of renewed US action against Iran eased on diplomacy news; Qatar is mediating, but Iran says an agreement is still far off (Yahoo Finance). Natural gas rose on lower production (Reuters via Business Recorder). The silver bounce could not be verified. Gold jumped on a weaker dollar and lower yields, though it is a bounce within a larger downtrend (IG). The dollar slipped and the 10 year yield (the return on government debt) fell (Stock Titan). S&P 500 and Dow futures (contracts on future index prices) fell overnight and then recovered sharply, while Nasdaq futures lagged on [partly cut off in the screenshot] ... weak tech shares (Stock Titan). This is a market observation only, so base your trading decisions on your own research and risk tolerance.
#BTCRebounds80K #Binance98PercentReplenished #USMidterms-WhatAreMarketsExpecting? #USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible
#BTCRebounds80K #Binance98PercentReplenished #USMidterms-WhatAreMarketsExpecting? #USMidterms-WhatAreMarketsExpecting? #USOctoberNFP-AreRateCutsStillPossible
