$USCPCEPIMM -U.S PCE (October/2024)ECONOMICS:USCPCEPIMM
October/2024
source: U.S. Bureau of Economic Analysis
-The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.3% from the previous month in October 2024, the same pace as in September and matching market forecasts.
Service prices rose by 0.4%, while goods prices decreased 0.1%. Year-on-year, core PCE prices rose by 2.8% in October, the most in six months, also in line with market estimates.
Feds
Nailing Bitcoin Analysis: Amidst FUD, SEC,ETF, FEDS and More🔮🎓 Nailing Bitcoin Analysis: Amidst FUD, SEC, ETFs, FEDs, and More 🚀💡
Traders, it's FXProfessor here! We're slicing through the noise of FUD, navigating SEC updates, analyzing ETF flows, and eyeing the Fed's next move, all while my Bitcoin long ideas continue to be spot-on. 🧭📊
In the wild world of crypto, where every headline can stir the pot, staying focused on the facts has been the key to our success. 🌪️🗝️ Despite the fear, uncertainty, and doubt that often clouds the market, our analysis remains a beacon, guiding us through uncharted waters. 🛳️🌊
Let's dive into the ETF developments that are making waves. 🌐📈 The recent data paints a picture of resilience, with overall positive inflows since their launch. The ledger of financial flow tells a tale of alternating currents, with some days in the green and others in the red. 💸🔄
Grayscale's outflows have been dominating the scene, yet there's a silver lining as these outflows have been on a steady decline. 📉🔜 In the ETF arena, Fidelity and Blackrock are the champions, outperforming with impressive inflows. 🏅💼
Despite the skeptics raising eyebrows at the $1 billion inflow over a fortnight, let's not forget this is an unprecedented victory lap for the ETF sector. 🏁🏆 As we know, in the world of crypto, what's seen as a sprint may very well be part of a marathon. 🏃♂️🔄
With a hawkish eye, we'll continue to monitor these numbers, knowing they hold the power to sway Bitcoin's supply-demand scale. 🦅🧮 More inflows translate to a tighter supply on the spot, potentially propelling prices upward. 📊↗️
Stay tuned as we chart this journey with precision and prowess, armed with the FXProfessor's insights. 📚🎩
🏁🚦📈 1-2-3-GO!!!🧐♟️
Keep in mind we had 1 rejection at 48,5k...expecting another one before the breakout.🌟💥
One Love,
The FXPROFESSOR 💙📉
ETFs Flow:
🎓✨ FXProfessor's Insights: Bracing for the Fed's Pivotal Move 🎓✨Some of you were laughing last year when i posted this at BTC 18K: but I had done my analysis right. Both technical (breakout) and Fundamental (just read what i was saying about rates and how market is 6 months ahead!).
In a similar manner i had explained why 45k is closer than most were thinking: (read it! understand it! learn from it!) 🎓✨
Now:
🙋♂️ Apologies for the brief hiatus - I've been deeply immersed in my latest AI token project. 🤖🌐 Though it's been taking up much of my time, I'm still keenly observing the crypto charts, especially Bitcoin. 📉💡
Last we spoke, we dove into Bitcoin's significant support levels, backed by Fibonacci analysis. 📈🧮 We saw an intriguing pattern: Bitcoin, after a dip, rebounded almost perfectly in line with our predictions. 🎯🔄 This critical support level, a focus since early last year, continues to be a key player. 🗝️💥 We watched Bitcoin approach this level, only to face rejection, nearly a year after we initially spotted it. 🛑⏳
Currently, Bitcoin's vital level is nestled between $47,800 and $49,300, with a more specific aim around $48,400. 🔍💲 Additionally, we've pinpointed a new support at $43,091. 🆕📉 Our foresight from last year proved accurate, as Bitcoin indeed rallied to this major resistance level and faced rejection. 🎉🎢
Our "sell the news or buy the breakout at 48" strategy hit the mark. 👍📈 When the anticipated ETF breakout didn't materialize, I shared my first short idea on Bitcoin in two years, timing it almost impeccably. ⏰🔽
As we chart this course, the upcoming Federal Reserve decisions are pivotal. 🏛️🔮 Despite a flood of articles and predictions, I'm staying laser-focused on the market's reactions. 💻🧐 With elections looming, we might see a more cautious approach from the Federal Reserve, which could significantly sway Bitcoin's path. 🗳️📉
Let's remain alert and see how these events play out. 🕵️♂️💬 If you've been riding the wave of my long-term analysis, I hope it keeps steering you right. 🌊🏄♂️ The market always has surprises up its sleeve, but with meticulous analysis and an eye on the fundamentals, we're well-equipped to navigate these thrilling times. 🌐🚀
One Love,
The FXPROFESSOR 💙🎓
'FED Up' for a 'SEC' .... 🤡 They Buy their Own Dips!! 😂🚀What's up Simpsons?
In the first part of yesterday's episode the Federal Reserve became FED-UP of hiking interest rates. This normally is good news for indices and Bitcoin. Especially now that inflation has eased (Link 1)
In the second part of the episode, 🤡Jerome Powell gave the performance of his lifetime: While Springfield was hot and humid this June he said the winter storms will return in July!
He asked citizens to:
🤡wear their jackets
🤡Inflate their snow tubes and wax the sleds
🤡start knitting some woolen bikinis and swim trunks
🤡Get the Christmas lights ready
At the end of his dramatic speech, Jerome touched everybody's hearts with a closing statement:
''Let's show the sun who's boss around here! Who said snowball fights were only for December? Get your gloves on and your aim ready, we be heading for a cold snap in the middle of this summer heatwave but nothing says 'summertime fun' like twinkling icicles in the palm trees!"
Don't miss the next episode: "Bitcoin Laughs All The Way! 😂🚀💰💹"
One Love,
the FXPROFESSOR
ps1: 🤡Jerome? Garry? 🤡
You guys buy your own dips man? It kinda feels like it!!!😂🚀 (Why? Because you both know the power of Bitcoin as a trustless system in a trustless New world. Check Janet Yellen's comments (Link 3)
ps2: If you prefer to stay short maybe make sure your snow boots fit over your flip-flops...
ps3: read the What's up with that Mr Gensler? 🤨post and make sure you also read the post update dated June 8 (look at the support level):
LINKS:
(Link 1): CPI report: US inflation is coming back down to Earth: edition.cnn.com
(Link 2) Fed Chair Powell Dances Between Pause and More Interest Rate Hikes: www.bloomberg.com
Link 3: finance.yahoo.com
Janet Yellen now says Americans should expect a decline in the USD as the world's reserve currency — what’s really going on and how can you prepare?
🤡the clowns already know how to prepare: Buying some Bitcoin🚀
NFP: Jobs cool off but is Inflation knocking on the Fed's door? Long story short:
it's a video, watch it!
BTC LONG
USD SHORT
Learn why in this video.
NFP:
Jobs are ok, still good new jobs in the basket but less than previous month (cool off).
AVERAGE HOURLY EARNINGS:
Nobody talks about this but it means wages are rising, labor is going higher, services and products might become more expensive on expensive labor = INFLATION
FEDS DUAL PURPOSE:
To create jobs and to control prices (stability through monetary and other policies).
Will the FEDS hike again?
I think yes, they will but i also think that NOBODY CARES MUCH!!
We almost done with rate hikes but are we done with systemic risks? Are banks ok now that real estate is not favored?
I will finish the same way this started:
BTC LONG
USD SHORT
One Love,
The FXPROFESSOR
Biden, McCarthy debt ceiling meeting.Does this means USA is in trouble ? Yes we are in fact..they had a meeting about to raise the ceiling but became without a deal.. US dollar is no longer a global superpower as China Won dollar is taking over.
Meanwhile we might expect the fed speech sometime this month if raising rates needed but the economy had already felt the impact.. if not needed then they can pause it.. while it’s going until the pressure is impacting the economy worse.
The rate cuts we won’t expect until end of the year does this mean the recession?
The monster recession is actually is coming but we might expect the government will go into default and shutdown before June.. if things didn’t happen then they should have plans to save the economy.
The fundamental recession will happen but if it happens then we won’t expect the bull market to return until the year of 2025.
NAS100 has the high possibility to go below 10,000 area.
Jerome Powell- From 🤠to 😰(What's next?)Hi everyone,
quite a great day yesterday as FEDS hike 0,25% and Jerome switches tone to more 'dovish' and worried.
From cowboy Jerome 'i will hike you to death' to ' let's take it easier'.
Charts never lie and this level lost by Dollar was key for our trading yesterday:
Same with Gold and Silver entries:
Watch the video, it explains how Powell speach played out and what to expect next.
One Love,
The FXPROFESSOR
ROAD TO 30K LETS GOThis week, Bitcoin has led the recovery in cryptocurrency markets.
The Fed's indirect monetary policy expansion has increased demand for riskier assets, which has benefited Bitcoin.
The following resistance levels for BTC above the current price levels are $26,750, $27,500, and $28,730.
This week, Bitcoin has been on a steep upswing, leading the cryptocurrency market rebound as the potential of the US banking crisis becoming a worldwide concern is priced in.
As the Federal Reserve decided to tighten monetary policy in November 2021, cryptocurrency markets began a long-term decline from their heights. The events of this week have contributed to a rally.
For the first time since 2008, the US Federal Reserve purchased the failed Silicon Valley Bank and Signature Bank bonds before opening a discount window for struggling banks.
As a result of the bond purchases, the Fed's balance sheet increased by nearly $300 billion, according to figures released yesterday. The demand for hazardous assets surged due to this indirect monetary expansion.
On the other side, following the bank collapses, demand for cryptos, particularly Bitcoin, increased. Withdrawals to external wallets have also increased dramatically.
⚠️ 🔥 No Time to FOMO!!!! ⚠️ 🔥⚠️ 🔥 NO TIME TO FOMO!!!! ⚠️ 🔥
Goodday for the markets and Crypto as the news came out being ok:
US inflation slows to 6% annual rate amid looming banking crisis
Let me rephrase it: the worst news where avoided, inflation did not rise. Look at CPI chart maybe:
SP-5OO gets rejected despite the predictions for a 'softer more dovish' monetary policy:
In the meantime bank charts look pretty bad to me:
What i called 'good scenario' level did work as support for BKX but it will be retested:
Also, Credit Swiss is nothing but bad news:
www.bloomberg.com
Lastly , i really don't like this rejection on Wells Fargo:
In a few words: let's be careful...
No love these days, just volatility.
The FXPROFESSOR
Regional Bank Fears Continue... 😮💨Saturday night i decided to take a look at all major bank charts. I called 3 potential 'dangerous ones' and ended up guessing 2 of them right. One of them was First Republic. (you can ask me for proof if you are interested to confirm this).
“First Republic’s capital and liquidity positions are very strong, and its capital remains well above the regulatory threshold for well-capitalized banks,” Jim Herbert, First Republic’s founder and executive chairman, and CEO Mike Roffler said in a statement.
First Republic lists $213 billion in assets. The lender reached out to customers over the weekend in a bid to reassure them.
“In light of recent industry events, the last few days have caused uncertainty in the financial markets,” First Republic senior executives said in an email to clients viewed by CNN. “We want to take a moment to reinforce the safety and stability of First Republic, reflected in the continued strength of our capital, liquidity and operations.”
The federal bank rescue announced Sunday should help ease some of the pressure on the banking system, Isaac Boltansky, director of policy research at BTIG, told CNN.
“But this is not a permanent solution and this will not be the final chapter in this story,” he said.
What's next?
Uncertainty.. I hope all goes well but in the meantime remember to look at Bitcoin . Just my humble opinion, perhaps I am right.
One Love,
The FXPROFESSOR
Biggest Drop since 2008 - Right After our Post 🙄Good that I always TRUST my Charts:
US Government Bonds 10 YR Yield has dropped 'nicely' since my last post, which was 'against the stream' since when i posted it Powell was being extra-Hawkish and situation was different.
News:
The yield on the 2-year Treasury note fell sharply on Friday as the shutdown of Silicon Valley Bank sparked a flight to safer assets such as government bonds.
The yield shed at least 46 basis points over a two-day period, a sudden decline not seen since September 2008 , when the markets were in the throes of the global financial crisis. Perhaps by no coincidence, the flight to bond safety this week was caused by the biggest bank failure since the financial crisis.
These were supposed to be 'Good news', rates could ease and markets (and crypto) could do better but unfortunately it all happened for the wrong reasons: Some Banks going bust.
Better check my other posts today.
Everything changes FAST so watch out for the CPI tomorrow: If inflation is better the Feds are saved...if inflation persists we could ALL be in DEEP trouble.
One Love,
The always optimistic Professor
🧯 There is WAR on Bitcoin 💣🔥I will remain Long no-matter what. That's a personal opinion that won't change.
In the video i talk news, inflation, job report today. Let me know yourthoughts.
Links:
1. Biden war on BTC miners: cointelegraph.com
2. Powell war on Bitcoin: decrypt.co
3. SEC failure to safeguard the Crypto industry which i cover earlier this week (Silvergate and FTX):
Combine the 3 and we have this: OPEN WAR! They hate it and they need the money to go elsewhere. that's their interest...not necessarily mine interest or yours.
DATA/METRICS:
NFP was positive today but unemployment rose so it evens it out. Dollar failed to rise and was a good day for Gold: www.fxstreet.com
Nobody talks about average hourly earnings report today which for me is important: 'wages inflation was lower' if I can say it in a simple way: wages cool www.ft.com
Wage price spiral avoided..Great news www.investopedia.com
As data came out, the CME revised the possibility of a 0.50% rate hike to lower: www.cmegroup.com
At the same time banks taking a beating: twitter.com
CPI next week will be HUGE! I expect lower inflation, since energy prices did not pump and wages did not rise. Hopefully next week we have good news..pray!
When Banks take a beating I like to hold Bitcoin. personal opinion and experience:
Can we revisit 18k? Yes, it's possible now
Can BTC go to zero? That also is a possibility
Will some ALTS got o zero? For sure some will!
Will some ALTS succeed? Again, for sure some will!
Do I remain Bullish on BTC? That is a personal statement and mu humble opinion.
After all i can wait.... it looks like the Feds and the US government can't.
One Love,
The FXPROFESSOR
PS. Thank GOD i have a forex account...got saved by Gold this week. Still, very unhappy and FED up with people. Never fed up with Bitcoin.
United States 10-Year Bond Yield - AT RESISTANCE 🤨👎Massive level of resistance has played out and Stocks could power higher as Treasury yields and dollar might ease further.
4,22% has been a Major Support/Resistance level (S/R as you can see on the chart) and the prices down have dropped even lower, below the psychological 4%
What does that mean?
When US government bond yields are on resistance, meaning they have reached a point where they are likely to reverse direction, it can have a significant impact on various aspects of the economy and financial markets.
One of the most immediate effects could be on the stock market. Higher bond yields could lead to a sell-off in equities as investors may shift their money from riskier assets to safer ones like bonds. This could result in a temporary decline in the stock market and a potential increase in market volatility.
The impact on the broader economy is more nuanced. Higher bond yields can lead to higher borrowing costs for businesses and consumers, which can slow down economic growth. However, if the bond yields are rising due to a strong economic outlook, it could be a sign of healthy economic expansion, which could offset the negative impact of higher borrowing costs.
The Federal Reserve's monetary policy could also be affected by rising bond yields. If the Fed believes that rising bond yields could lead to an economic slowdown, it may adjust its policy by lowering interest rates or increasing its asset purchases to keep borrowing costs low and support economic growth.
In summary, when US government bond yields are on resistance, it could have a significant impact on various aspects of the economy and financial markets. It could result in a temporary decline in the stock market, higher borrowing costs for businesses and consumers, and potential adjustments to the Federal Reserve's monetary policy.
What's next?
🆘 The Feds are lots of data to watch out for:
📌 Fed Chair Powell speaks on Tuesday/Wednesday
📌 JOLTs job data on Wednesday
📌 Fed Beige Book on Wednesday
📌 Fed’s Barr speaks on Thursday
📌 February jobs report on Friday
📌 Final week of Q4 earnings
Hopefully, this is a good sign to see a further rebound in the markets and a more dovish Federal Reserve.. unless they are aiming for chaos in which case they intend to raise rates over the 6%
One Love,
The FXPROFESSOR
Why US30 Will crash hard? CPI data is tomorrow and yet if Feds pivots still alive.
Bad news the inflation still high and slowly cooling down but not at eased. This is a cause of disinflation.. we supposed not to go there way too fast ! This is big reason for markets to crash.
Overall we should expect the big fall pay attention for the CPI news tomorrow morning
This will be the biggest bull trap in history
The fight between: Inflation and Employment DXY has been consolidating over the last couple of days. This comes from oil prices dropping and a tight yet growing job market. DXY is holding a 4H support level. Market open may test that daily support level and revisit $105 resistance. Overall, I'm still bullish.
Bitcoin is ready to collapse and final leg downBitcoin is ready to collapse and amid fears of the recession from the Feds decision since U.S. economy is slowing down and it’s not good for bitcoin and neither for the markets.
Still below 17K; the bears has a strong potential to crash and collapse even lower.
Bitcoin halving is coming in 2024.. which is the big sign for buyers to buy the dip at the new lows of the bottom ( DONT BE LATE!! )
As I said before don’t trust any short buys because the bears are fully controlled.
Anyhow now the bottom has been confirmed from the crypto veterans and experts also big companies see bitcoin will bottom in 12-10K before or during 2023 1st Quarter; if it doesn’t hold because the recession is coming.. we will see bitcoin to go even lower than 10K zone.. FYI the Feds are still in charge to keep its decision to go higher rates and the inflation will be expected to go a lot higher in 2023.
Bitcoin All time high prediction
2023-2024 new high; 100-150K
2025-2026 new high: 200-250K
2027-2030 ( or longer) new high ( LONGTERM ) 1 Million.
If you are a holder then wait 10 years.. perhaps 5 years.. if wanted a fully retirement.
Trade safe y’all and keep an eye of those buy points for a bargain.
FEDS Decision Alright so same for US30
Less than 10 days for the inflation data.. speaking of it it ease you know here in USA.. but Feds isn’t relaxing and not happy aren’t reaching the goals.
Goals for the inflation to get back down to 2%
Right now hovering about 5-7% I don’t remember but the prices remain to stay high sometime.. that means the Feds haven’t reached there goal.
We aren’t in recession..yet but it is coming we are in technical recession.
For Nas big drop is coming I’ll see down to 10400 area for a retrace and drop more.. should expect buy about 10000 even. If the bottom didn’t stop there then we will see even further.
FEDS MEETING
DEC 14th : Inflation Data
DEC 15th Federal Reserve Decision ( Powell speaking ether will crash the market which will be a lot worse or Santa rally to save the market )
DXY Bias Week Nov. 27- Dec 2BIAS-SHORT until next level 105.40-105.00 then monitoring that area for PA.
NOTES- Currently fundamentals is against the dollar due to fed meetings on looking to slow down interest rates in the near future. Our next interest hike is on December 14. Will the feds keep up the 0.75% basis hike or will it be 0.50% this time around ? If the feds slow down interest hikes and our last final interest hike for Dec 2022 is lower than the previous hikes, we can expect the dollar will fall. Im expecting them to keep the 0.75% in December ending the year off with the dollar pushing back up to around 110.00- 112.00
S&P 500 Will Likely Take Out $4300 This Month-Feds will likely go forward with a 50 bps in December, eyes are on Dec 13 CPI data release.
-US Inflation is down for November and I'm expecting it to continue falling during next month's CPI release. If that's the case, then I believe Feds will reduce by 25 bps.
-The US dollar, which has a major influence on stocks, appears to be forming a monthly correction in near term. This could also drive stocks indexes to higher levels in the next couple of quarters.
-Looking at monthly price action, traders are pricing in a potential bullish impulse towards $4300 then $4500 by the end of Q4 as they await the Dec 13-14 data release.
Pre-Pandemic Level Untapped!!All markets are targeting the levels they were trading at right before the PANDEMIC CRASH!
Keep in mind these were the natural levels that were unaffected by the massive supply of funds that were injected into the economy. It only makes sense that we reach those levels again for an official reset. BLUE LINE!
Love it or hate it, hit that thumbs up and share your thoughts below!
Every day the charts provide new information. You have to adjust or get REKT.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Control of congress is very UNCLEARY’all this is huge … during midterm elections the democrats are hoping for no republicans blowout but suddenly it will happen or too close to call.
In congress it’s very unclear and too close to call what it’s going to happen.
But will the republicans blowout will cause an economic crash ? Or how the Feds reserve will react to it because the next interest rate hike decision while the inflation still over 40 year high.
This seems like the crash in USA is coming along with Significant Recession in 2023, the worst is coming
$GME rare opportunity 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Here @SimplyShowMeTheMoney we strive to educate our traders on the importance of being able to recognize rare occurrences in the market structure on a chart. Today GameStop $GME presented us with a rare opportunity in its structure that my team simply could not ignore. We watched $GME open at 12% and shoot up to around 20% before retracing all gains back down to the negative 1 hour before the final bell. This comes as we enter a busy earnings week with a 2-day fed meeting that begins tomorrow and numerous data reports that could ultimately dictate the direction of the feds and the market.
$GME is no stranger to making headlines. With midterm elections right around the corner we wouldn't be surprised if $GME made a ridiculous move in either direction.
My team was able to secure shares of $GME at $28 while it was red this afternoon. We have an automatic stop loss set at $27 due to the obvious risk factors associated with $GME.
Entry: $28
Stop loss: $27
If you want to see more, please like and follow us @SimplyShowMeTheMoney
FEDS MEETING WONT BE PRETTYThe big day , the big event tomorrow
November 2nd the moment of the day we all been expecting and waiting for. Turns out they want to blow up the economy in order to take the inflation under control, even so they set to send another 75 basis point … this is the 4TH TIME OF THE MEETING !!!!
This percentage total of 5 percent of hiking aggressive..
This trigger a global recession in 2023.
USA depressions of finance is coming in 2023, and the Feds WONT STOP raising rates not sooner as you think.
We will face and see worse than the Great Depression.
Same as for nas from US30
Should expect even lower than where we were before ..