​US Dollar Forecast: Fed Rate Cut on the Horizon – Gold, GBP/USD, and EUR/USD Outlook

👉 Fed’s anticipated rate cut pressures US dollar, providing potential lift for gold prices and major forex pairs like GBP/USD and EUR/USD

👉 Market eyes Fed’s FOMC statement for rate cut signals, as traders gauge impact on dollar strength and forex trading strategies

👉 US dollar’s decline on rate cut expectations drives investor interest in gold and forex pairs, highlighting key support and resistance levels

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​NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Rallies As Tesla Soars 14.5%

📈 SP500 tests historic highs as Trump wins

👉 NASDAQ is trying to settle above the 20,800 level

👉 Dow Jones moved towards the 43,700 level, supported by the strong rally in financial stocks

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​Hang Seng Index Sees Morning Gains on China PMIs, Yet Trump Tariff Fears Persist

👉 China’s manufacturing PMI returns to expansion at 50.1, boosting Asian market sentiment amid policy hopes

👉 BoJ holds rates at 0.25%; Governor Ueda signals data-driven decisions, impacting USD/JPY and Nikkei stocks

👉 ASX 200 slides 0.25% as mining stocks drop, with BHP and Rio Tinto hit by falling iron ore prices

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​MicroStrategy’s $42 Billion BTC Purchase Plan Will Likely Face Headwinds

👉 MicroStrategy’s "21/21 Plan" aims to invest $42 billion in Bitcoin over three years, funded equally through equity and fixed-income

👉 Declining SaaS revenue raises concerns about the company’s ability to sustain debt payments without tapping into Bitcoin holdings

👉 With MSTR’s high premium over Bitcoin’s market value, direct Bitcoin purchase may be a more cost-effective investment strategy

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​Nasdaq 100 Climbs on Tesla Gains, But US Stock Market Faces Yield Pressures

✅ Tesla’s 19% surge boosts the Nasdaq, adding over $100 billion to its market cap after strong Q3 earnings and growth forecast

👉 Dow and S&P 500 struggle as rising Treasury yields and weak corporate earnings weigh on market sentiment

✅ Tesla forecasts 20-30% sales growth for 2024, fueling investor optimism and its best post-earnings performance since 2013

👉 Rising yields hit S&P 500 sectors hard; IBM drops 6.5%, and Boeing falls 2% amid weak earnings and labor disputes

📉 Despite Tesla’s rally, 9 of 11 S&P 500 sectors end in the red as higher borrowing costs dampen investor enthusiasm

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​Shiba Inu Price Forecast: Why Traders Transferred 1.25 Trillion SHIB amid $120B Crypto Market Dip

🟥 Shiba Inu price fell below $0.000018 on Oct 23, 2024, down 10.38% and on course to close a 3rd consecutive day in decline

👉 Shiba Inu traders have transferred over 1.25 trillion worth approximately $22 million out from exchanges into long-term storage and cold wallets within the last 3 days

⚠️ The Parabolic SAR dots on the SHIBUSD daily chart has moved towards $0.0000166, beneath the current price which typically suggests strong support building up

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​EUR/GBP Price Analysis: Buyers make a stride, outlook remains negative

👉 EUR/GBP remains range-bound, displaying a sideways trend since Monday

👉 Buying pressure has shown signs of recovery, but momentum remains weak

📉 With the pair below the 20-day SMA, the short-term outlook is negative

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​NASDAQ Index, SP500, Dow Jones Forecasts – Dow Jones Tests New Highs

📉 S&P500 moved away from session highs as traders decided to take some profits off the table after the strong Retail Sales report

✅ NASDAQ gained some ground as demand for AI-related stocks remained strong

📈 Dow Jones tested new highs as Travelers Companies gained 8.9%

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