$USGDPQQ -U.S GDP (Q3/2024)ECONOMICS:USGDPQQ
(Q3/2024)
source: U.S. Bureau of Economic Analysis
- The US economy expanded an annualized 3.1% in Q3, higher than 2.8% in the 2nd estimate and above 3% in Q2.
The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment.
Imports, which are a subtraction in the calculation of GDP, were revised up.
Election
What about DXY?I haven't updated my DXY analysis for a while. So let's dust it off.
The last update was in September when the atmosphere was changing in a way that we couldn't predict the US Election clearly and for a short period, the market thought the results wouldn't be as it is today. That was why I was a bit bearish on DXY. By getting closer to Election Day the clouds were going away and it got easier for the market to see the outcome. So, it strengthened the dollar while weakening the Gold as we expected the geopolitical tensions to cool off.
What's next?
For now, I see the 10-year bond yield can show a bit more weakness to come just below 3.99%. Then after that, we should update our analysis and see what comes next. But I think ~4% is low for now and after that, I like to see a jump back up. In this short-term correction DXY would follow the 10-year bond yield and most probably come into the range of 104 to 105. That's also can be a small driver for Gold to go higher a bit.
21k before Trump will lose USA elections in November.So it's obvious, that BTC will rally to reach new ATH before November and will collapse miserably after Trump will lose USA election and stock market crash. Also, COVID-19 will create real apocalypse in the USA (I'm talking about riots and shooting in the streets because bastards there have too many guns and not so much brain). But if Russia will help Trump with reelection, bitcoin will pump further to the moon.
#shorttesla
TOTAL to 7 to 10TWith BINANCE:BTCUSDT at a new ATH of 90k it brings up the rest of the market and raises all boats.
We are still in November of 2024 right after the election. Lots of people remained sidelined and lots of capital is sidelined. Come next year all the investments that are up on the year that have been invested in equities and any other assets will get their appreciation reinvested at an alarming rate due to it being the beginning of the year.
I say that to say this: things could get very silly in crypto and a 7 to 10 trillion TOTAL crypto marketcap is a very real possibility in the next 1-2 years.
It is not a guarantee but the time to position into risk assets is now quite frankly. It was a better time to position in back during the summer but now we have a clearer vision we are headed down with the election behind us.
I wish anyone investing and trading a great end of the year and an even better next year.
Never get liquidated. Keep clicking.
Politics vs Profits | The US elections & Crypto Harris, Trump, or Crypto ? Only One Goes Brrrr !
1/ The crypto market typically dips ahead of US elections
In 2016, there was a 10% dip, in 2020, a 6% decline, and so far in 2024, a 6% decrease. However, these drops aren't unusual; they can happen without clear triggers on any given day or week. So attributing extra significance to the current dip due to election is overblown it’s just business as usual in crypto
2/ The election results will trigger either a market boom or bust
Markets crave certainty over specific candidates. Once the election is over, investors can look ahead and allocate accordingly. In the grand scheme, Bitcoin and the wider crypto market don’t care who sits in the Oval Office. Whether it’s a red, blue, or mixed government, historically, crypto trends upward over time.
3/ Trump/Harris will be terrible for the economy
While Republicans and Democrats have vast differences (more so now than ever), unity isn’t our forte. How can we bring the nation together? Maybe start with a common interest and go from there
One thing’s certain, both parties have an affinity for money printing , While it’s a headache for the US’s debt situation, it benefits crypto.Why? Because a share of that newly minted money typically flows into crypto assets, which have limited or predictable inflation.
In essence, money printing devalues the US dollar but bolsters the value of scarce assets (like crypto) over time.Regardless of who wins, the money printer is expected to stay active.
While election may provide market clarity, it’s not a sure thing. Close elections can take days to finalize. So, if you feel like panicking, just remember this:
Zoom out → stay calm → remember…In the long run, crypto tends to prevail.
November is off to a roaring start with several significant market events – and that’s just in the first week! But before we look ahead, let’s review October to see where we stand:
1/ October Recap
Expectations were high for ‘Moontober,’ and it delivered (though gains were modest).
October saw:
- $ BTC up 11%, with the broader crypto market up 10%
- US Bitcoin ETFs purchased 5.83 times more CRYPTOCAP:BTC than was mined in October.
This demand and limited supply helped push the total crypto market cap out of an 8 month descending trend, signaling a potential reversal.
2/ Macro Outlook
Now, on to November. This week features two major macro events:
- US Elections – Tuesday, Nov 5th
- Rate Cuts – Thursday, Nov 7th
Markets expect a 0.25% rate cut. Though smaller than September’s 0.50% cut, it could ease market pressure.Lower borrowing costs reduce debt servicing expenses, freeing up cash for spending and potentially boosting both the economy and crypto markets.
The bonus? Historically, Bitcoin’s average return in November is +43%
If this trend holds, we could see CRYPTOCAP:BTC hit $100k by month’s end!
Cross your fingers, toes, and eyes!
3/ Token Unlocks
October had $5.4B worth of token unlocks, creating potential sell pressure. Thankfully, November’s unlocks are lighter at $2.6B, which may limit that pressure.
4/ Earnings Reports
This week brings earnings from:
- Franklin Templeton (managers of the AMEX:EZBC Bitcoin ETF)
- Arm (semiconductor architecture designers)
- Qualcomm (wireless tech products)
- Sony (self-explanatory)
But November 20th is the main event, with Nvidia ( NASDAQ:NVDA ) – the AI powerhouse – reporting earnings.That’s November in a nutshell.
We’ll be here daily with updates as events unfold
Bitcoin Events and the PI Cycle Top Indicator
### Chart Description :
* Title :* Bitcoin Weekly Cycle Analysis with Key Indicators and Events
* Time Frame :* Weekly
* Indicators :*
- * Pi Cycle Top Indicato r:*
- This indicator uses two moving averages:
- 111-day Moving Average (111DMA)
- 350-day Moving Average multiplied by two (350DMA x 2)
- *Functionality:* When the 111DMA crosses above the 350DMA x 2, it historically signals that Bitcoin might be reaching a peak in its market cycle. This indicator has been noted for its accuracy in predicting Bitcoin's market tops to within days.
* Event Markers :*
- * U.S. Election Dates :*
- Marked on the chart are vertical lines at the points where U.S. presidential elections occurred. This helps in analyze how political events influence Bitcoin's price movements.
- * Bitcoin Halving Dates :*
- Highlighted with vertical lines. Bitcoin halvings occur approximately every four years, reducing the reward for mining new blocks by half, which typically impacts Bitcoin's supply and often leads to price appreciation due to increased scarcity.
* Cycle All Time Highs :*
- Place markers on the chart where Bitcoin has reached its all-time highs in each cycle. This can provide context on how close the peaks are to halvings or elections, potentially illustrating patterns or correlations.
* Price Prediction *
$148 in Q3 2025
How the U.S. Election Could Impact USD and EUR/USD Trading"As the U.S. presidential election approaches, it’s time to consider how it might impact our trading strategies, particularly with the U.S. dollar and EUR/USD. Political shifts bring market volatility, so let’s break down how each outcome could influence the dollar and the EUR/USD pair.
Election Outcomes and Market Impact
1. If Democrats Win: A Democratic victory could weaken the dollar, as policies may lead to lower inflation and reduced real interest rates. This scenario might push the EUR/USD pair higher, with potential targets around 1.1300–1.1850. For traders, this could mean a favorable environment to consider EUR/USD gains.
2. If Republicans Win: On the other hand, a Republican win might initially strengthen the dollar, thanks to expected trade policies and rising interest rates. However, this strength could be short-lived. Long-term factors may introduce volatility, potentially giving the euro a chance to regain ground against the dollar.
Key Levels to Watch in EUR/USD
From a technical standpoint, keep an eye on resistance levels from 1.1275 to 1.1750 for potential bullish moves, while support around 1.1000 and a critical level at 1.0900 could indicate a downturn. Combining these levels with election news can help you make informed trade adjustments.
How to Trade Before, During, and After the Election
Leading up to the election, watch for narrowing polls, as this could introduce uncertainty and increased volatility. During the election itself, expect the market to react strongly—prepare for a Trump win to potentially strengthen the dollar and a Harris victory to have the opposite effe
USD/JPY surges as Trump storms to victoryThe US dollar is on a tear against the major currencies after Donald Trump’s sweeping victory in the US presidential election. In the North American session, USD/JPY is trading at 154.62, up a massive 2.0% on the day.
There are still plenty of votes to count in the US election but it looking increasingly likely that Republican Donald Trump has been re-elected as President. Trump and Democrat Kamala Harris were in a dead heat going into the election on Tuesday and there was concern that declaring a winner could take days or even weeks, which would have led to prolonged uncertainty.
In what was a huge surprise to both sides, Trump cruised to victory. The win is even sweeter for the Republicans as they likely have won control of both the House of Representatives and the Senate. With the Republicans in charge, Trump’s agenda will be easier to push through Congress. It should be noted that at the time of writing, the vote count is incomplete and Harris has not conceded defeat.
The US dollar has responded to the Trump win with sharp gains and the yen is in full retreat. Trump’s threats to slap stiff tariffs on China, Europe and Mexico would support the dollar, as tariffs would raise inflation and interest rates. If Trump’s policies lead to trade wars, market sentiment will fall, further boosting the dollar.
The Bank of Japan released the minutes of its September meeting today. At the meeting, the BoJ kept rates at 0.25% and Governor Ueda said that BoJ would not rush to raise rates during market volatility. Those comments were a response to a stock market slide after weak US employment reports raised fears that the US economy was deteriorating much more quickly than expected. Those fears were unfounded and the markets don’t expect a BoJ rate hike before early 2025, although if the weak yen takes a dive, it could accelerate plans to raise rates.
USD/JPY has pushed past resistance at 151.86, 152.87 and 153.84. The next resistance line is 153.95
150.78 and 149.77 are providing support
Crypto Frenzy: Elon Musk's Impact on Bitcoin and DogecoinCryptocurrencies are skyrocketing just 7 days before the presidential election, and many people are wondering why. The answer, which should come as no surprise, is of course, Elon Musk.The reason is a perfect storm of sorts. Musk’s increased prominence as he campaigns for Donald Trump, his recent comments about cryptocurrency, and his potential role in a Trump administration (should Trump win) are all driving up the price of Bitcoin as well as Dogecoin and a number of other meme coins.Dogecoin, a favorite of Musk’s, was up 9.7% on Tuesday. This comes after the tech billionaire said at a Trump political rally in Pennsylvania that he’s not “actively involved” in crypto: “I just like Dogecoin.”
The billionaire founder of Tesla and Space X and owner of X has a long history with Dogecoin, which he first promoted in 2021 on Saturday Night Live, causing the price to spike, only to plunge afterward. (The meme coin’s price has gone up and down based on Musk’s comments since.)Musk, who has been actively campaigning for the Republican nominee and raising money for Trump, has also said he would be heading the Department of Government Efficiency, dubbed DOGE, if the former president is elected. That has also contributed to the frenzy, leading to a more-than-20% gain in Dogecoin over the past seven days, and 33% over the month.
Meanwhile, Bitcoin, which is the largest cryptocurrency by total market capitalization, was up over 4.4% on Tuesday, seemingly swept up in the excitement. It’s now trading just short of its March record high.
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle.
📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected.
In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DreamAnalysis | Trump’s 2024 Comeback Shakes Markets📈 US Elections and Markets: Bitcoin Hits Record $75,000 amid Trump’s Comeback
🌎 Global Market Impact from the US Presidential Election
With ballots still being counted, the financial world is buzzing with anticipation over Donald Trump’s possible return to the White House. This election has set off movements in stocks, the US dollar, forex pairs, and cryptocurrencies, affecting global markets even before an official result is announced.
🚀 Bitcoin Surges to All-Time High
Bitcoin spiked to an unprecedented $75,000 as market confidence grows around Trump’s chances. With Trump’s support for crypto-friendly policies, this is seen as a bullish indicator in the digital assets space.
💬 Elon Musk Comments on Trump’s Lead
Elon Musk, who publicly backed Trump, expressed that Trump’s comeback signals a “clear mandate for change” in the US. The statement has fueled excitement in both the stock and crypto markets, further boosting sentiment around Trump trades.
💸 Forex Markets React: USD Strengthens, Euro Declines 📉
The US dollar surged, with the Euro becoming the day’s weakest currency as it dropped 1.6% to hit a five-month low of 1.07 against the USD. According to Nikos Tzabouras from Tradu, “Lower taxes and deregulation could energize corporate profits and economic activity.”
- 💔 Mexican Peso Decline: The peso, one of the currencies most affected by Trump’s policies, saw a 0.5-point drop against the dollar. This reaction is reminiscent of its movements following Trump’s 2016 victory.
🇯🇵 Japanese Stocks Rally While Hong Kong Dips
- Nikkei 225 Gains: Japanese stocks soared by 1.5% as early results pointed to a Trump win. Charu Chanana from Saxo Markets noted that any likelihood of a Democratic sweep could impact equity markets but seems increasingly unlikely.
- Hong Kong Hang Seng Falls: The Hang Seng index started its day with losses, signaling regional volatility amid election uncertainties.
📊 Equity Markets Rise in the US
Both the S&P 500 and Nasdaq climbed over 1% on election day, showing investor optimism. However, volatility is anticipated to remain high as the final results approach, with investors keeping an eye on Trump’s confirmed leads in key states like Florida and Georgia.
🔗 Bond Market & Volatility Indicators
- Bond Volatility Eases: Despite gains in stocks, the BOA Move index reflects sustained bond volatility, though the VIX (stock volatility) fell slightly from 22 to 20.
- Stable Bond Markets: Investors expect bond markets to settle once results are finalized, though high levels suggest some caution.
💥 Crypto Market: Bitcoin Hits New High as Trump Backs Digital Assets
Bitcoin’s rise highlights Trump’s support for crypto policies and his “Bitcoin President” stance. While Kamala Harris’s approach to crypto remains uncertain, Trump’s endorsement has boosted the sector, giving confidence to the market and key players.
🔍 Key Takeaways: Market Sentiment Driven by US Election Results
The markets are showing clear signs of investor positioning as Trump’s lead becomes apparent:
- US Dollar Up: Any lead for Trump boosts the dollar, with high volatility expected to persist until results solidify.
- Cryptocurrency Surge: Bitcoin's 5% increase signals strong bullish sentiment.
- Forex Weakness: Major currencies, particularly the Euro and Mexican Peso, have declined against the USD.
👁🗨 Keep an Eye on: Key Influences and Volatility
With ongoing election results, financial markets, crypto, and forex are likely to fluctuate:
- Short-term Forex Movements: USD expected to be volatile.
- Crypto Optimism: Bitcoin and other digital assets may continue to climb.
- US-China Relations: Possible tariff adjustments with Trump’s agenda in mind.
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!Chart Analysis Summary
In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend.
Reversal Signal: Double Top with Bearish Flag
The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move.
Bull Flag Structure and Liquidity Zone Testing
The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction.
Potential Entry and Exit Scenarios
Based on Entry Types from your strategy:
High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top.
Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout.
Confluence of Multi-Touch and Patterns
The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately.
Strategy Application:
Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel.
Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs.
Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations.
TSLA to $600Ahh finally we have new president. With Trump as a president Elon Musk will get financial position in goverment and Trump fully supports him.
I do expect the TSLA price to do something way more insane than $600. I'm expecting from TSLA moves similar to NVDA or some of the ".com" bubble stocks.
We're pre-rich.
Gold Top Defined. As the presidential election has almost concluded. We can expect gold to be bearish from here on out due DXY picking up strength.
Also on the technical side, we can observe Gold making a Head and Shoulder pattern with a 4HR RSI Divergence.
We can now short gold on the retracement of the move down or the candle closing below the dotted neckline.
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week.
According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September.
After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
GBPJPY SELLAs in our previous anylisis we had told that price will go for previous high to be touched and price had done the same and as market sentiment has changed price is moving in to bearish movment and we predict that price will return to its support level of 196 and lower than that so we are at a bearish run for today and tomorrow
US Election, FED Rate Cut, 1,200+ earnings - Here we go!!!It's Election Eve and I thought it was important to share how I'm positioning for the US Election and all of the craziness that it may bring.
Maybe it's all hype, maybe it's the truest test of US Democracy, maybe it's the beginning of the end. I'm not going to opine on political preference. I'm simply going to focus on current levels and what's in play.
Pullback levels for me are all pretty visually friendly with EMA combos on the Daily and Weekly charts. We are 3-4% off from recent highs, the market wasn't in love with Mag 7 earnings last week, pre-election jitters are fairly obvious, and the market will be looking for a reason to do something.
Expect volatility - and I hope it's nothing wild and crazy like Aug 1-5. I discuss the potential concern for a US Election where a winner is not declared and we wait days or longer for an official winner. Also a phenomenon is the Wednesday close for the S&P tends to show solid short-term direction, but I believe that's only if we see a winner Tuesday night for election night (just my opinion).
I'm hedged, alerts are set, it's all happening whether we like it or not. Focus on what you can control in your trading and let's figure it out.
Thanks for watching!!!
Elections aside, AUD/USD still looks oversoldImplied volatility has spiked for FX majors ahead of the US election, and it really could go either way for AUD/USD depending on who wins the race to the Whitehouse. But how much downside is left for the Aussie when taking market positioning, China data and the latest RBA statement into account?
MS
EURUSD Flat To Start November Elections Ahead The EURUSD has been quite flat to start the month of November. The current market price is hovering around 1.08730, which is within about 10 pips of the November month open price. Today the Bank of Australia will be releasing new data regarding interest rates, this could possibly give some volatility to the market for US pairs. Don't forget that the US Federal Election will be held tomorrow. Traders will be looking for a spike, for now we will be waiting for the news.
XAUUSD - Gold Awaiting US ElectionsGold is below the EMA200 and EMA50 in the 4H timeframe.
In today's analysis, I have drawn trade scenarios for you based on various confirmations
In each circle we look for one-hour timeframe candles to confirm the expected trend.
After a grueling and controversial campaign season, the US election will be held this week. Although many experts believe a clear winner is unlikely to be announced on Wednesday, much of the uncertainty surrounding the US political landscape is expected to ease next week, which may not bode well for gold.
This precious metal had significant momentum last month due to the election fluctuations. Market analysts pointed out that the improvement of former US President Donald Trump's chances of victory and the creation of a potential "red wave" (a Republican victory) in Congress raised concerns about the continued unabated increase in government spending. In recent weeks, that fear has extended to either party's control of the White House and both houses of Congress.
However, there is a famous saying in the financial markets for times like this: "Buy the rumor and sell the news."
Last week, gold prices hit an all-time high above $2,800 an ounce as investors weighed in on rumors surrounding the US election.
Dennis Gartman, a noted commodity investor, said he has become more cautious about gold as it draws more attention from investors. However, he added that despite any near-term weakness, gold's long-term fundamentals are well supportive of prices.
"The main trend is still bullish," he said.
Aside from the geopolitical turmoil created by this election cycle, gold remains well-supported by the sluggish US economy and labor market.
In October, the US economy added just 12,000 jobs, well below expectations for 100,000 jobs. Some of the weakness can be attributed to fluctuations caused by cyclone devastation in southern states. However, looking beyond this volatility, sharp downward revisions in August and September suggest that the labor market is cooling.
At the same time, this week we also saw that inflation is continuously increasing. The main measure of personal consumption expenditures, the U.S. central bank's preferred measure of inflation, showed that consumer prices held steady at 2.7% over the past three months.
The Fed is stuck and will continue to cut interest rates as the labor market weakens. While interest rate cuts may not be as aggressive as they would like, higher inflation means lower real interest rates, which will hurt the US dollar and support gold prices.