"Holding nothing but $DEC & browsing collections of 'Twist Gallery: NFTs for The Online Personae Corners', checking out all niffinfinite possibilities on the NF
🇺🇲🇯🇵 Rare week: the Fed and the BoJ hiked together.
Fed to 3.75-4%, its first move since 2023. BoJ to 1.25% on a 7-2 vote, the highest in 31 years.
For USD/JPY the driver is the rate gap itself, and it moves fastest when both sides tighten at once.
The carry trade is where the risk sits. Years of cheap yen funding unwind quickly once the funding stops being cheap.
How the mechanism works and what signals an unwind: https://t.co/xFbpgcFuFm
shorting zcash:native just because it pumped hard is one of the worst trading mindsets you can have.
price being up doesn’t mean it has to come down. wait for the setup, not your bias.
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🔍 Top economic events
🇨🇳 China Manufacturing PMI: A key gauge of factory activity and momentum in the Chinese economy.
🇪🇺 Eurozone CPI: Important inflation data that could influence expectations for ECB monetary policy.
🇳🇿 RBNZ Rate Decision: A major update on New Zealand’s interest rate outlook and central bank policy stance.
🇨🇦 BoC Rate Decision: Key for assessing the Bank of Canada’s view on inflation, growth and future rate moves.
🇺🇸 US ISM Services PMI: A closely watched indicator of activity across the US services sector.
🇺🇸 US Non-farm Payroll: Critical jobs data that could shape expectations for the US economy and future Fed policy.
🕐 Market Hours Update
Due to UK Bank Holiday on August 31, various assets will operate on adjusted trading hours.
Plan accordingly and review the updated schedule.
👉🏼 More details: https://t.co/3kqLy25a0H
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Chart looks primed.
Extremely bullish on ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 for this cycle.
This is the type of play where patience will be rewarded.