US October Flash Services PMI rose to 50.9 vs 49.9 expected, highest reading since July 2023
Eurozone October Flash Services PMI fell to 47.8 vs 48.6 eyed, lowest reading since Feb 2021
Euro… Read More
Bitcoin hits $31,000, highest levels since July
Michael Saylor’s MicroStrategy Bitcoin position turns positive (average $29,582 purchase price)
Major bond market yield reversal keeps c… Read More
Dollar falls four out of five days to euro as 10-year Treasury drops 14.8bps to 4.655%
Atlanta Fed GDPNow estimate for Q3 rose from 4.9% to 5.1%
Treasury 3 -year auction sees lowest bit-to-c… Read More
Headline UK CPI inflation held steady at 6.7% vs 6.6% eyed; BOE rate hike odds rise to 60% for a quarter-point increase by the Feb 1st meeting
Fed’s Williams said interest rates will h… Read More
Australian inflation expectations projection to decelerate
The Australian dollar has edged lower on Wednesday. AUD/USD is trading at 0.6419, down 0.20%. The Aussie is coming off a five-day r… Read More
Bond futures traders wagers (open interest) hit record high; Bets are calling for a hike at November 1st meeting
US jobless claims edge higher but still remain historically low levels
Fed&rs… Read More
Despite dropping $4000 from highs, ETH/USD price action remains bearish
Head and shoulders pattern indicates more downside
A bearish flag pattern supports… Read More
Univ of Mich: Short- and longer-run inflation expectations surge (1-year rises to 3.8% and 5-10 year rise to 3.0%)
Consumer sentiment plunges from 68.1 to 63.0, worst slide since June… Read More
By ForexTime
Gold gaps higher on geopolitical tension
Market caution may keep metal buoyed
Watch out for US CPI report on Thursday
Failure to close gap may see prices test 21-EMA
Keep eye o… Read More
US-China tensions might ease if Xi visits the US
China’s PMI data expected to show economy is stabilizing
Despite property market crisis, iron ore demand is expected to remain strong
T… Read More
The post Become a Better Investor Newsletter – 7 October 2023 appeared first on Become a Better Investor.
Noteworthy this week
US$ on a rally
China might not be getting out of US$
Corp… Read More
Source: Michael Ballanger (10/2/23)
Michael Ballanger of GGM Advisory Inc. shares his experience surviving three major crashes and one mini crash to tell you how he survive… Read More
Bitcoin (BTC) is still in a bullish reversal when looking at this year’s price chart. The BTC price has gained 70% after bottoming out at around $16,800 in November 2022, defying rate… Read More
Markets leaning towards possibly one last BOE rate hike (implied rate peak of 5.527% at Feb 1st 2024 meeting)
UK house prices tumble to lowest levels since 2009
Doji pattern possibly invalid… Read More
By JustMarkets
At yesterday’s close of the stock market, the Dow Jones Index (US30) increased by 0.13%, while the S&P 500 Index (US500) added 0.40%. The NASDAQ… Read More
The US Federal Reserve left rates unchanged as expected, but it was a bit more hawkish than anticipated, and markets did not like it. On the one hand, Fed projections imply one more 25 basis… Read More
US ISM Services Index unexpectedly surges to a six-month high, boosted on robust new orders and strong hiring
ECB’s Kazimir prefers a September rate to later and Knot thinks markets un… Read More