Financial Markets & Crypto (Chart) analysis (NFA)

Financial Markets & Crypto (Chart) analysis (NFA).

Retweeting important financial market news & analysis (ZH, MS, GS).

No Financial Advice! Trading the swings

[Financial Markets & Crypto (Chart) analysis (NFA) @TradingtheEdge]

@PeterLBrandt Head and Shoulders chart pattern on the daily $BTC chart @PeterLBrandt?

Watch out the neckline and your crypto @zerohedge leverage 👀

Not Financial Advice! Trading is risky! 🚨

TradingtheEdge alert tweets on technical chart analysis & chart pattern

[zerohedge @zerohedge]

IRAN TV SAYS HORMUZ TO REMAIN CLOSED TILL US ENDS INTERFERENCE

[zerohedge @zerohedge]

*FED CUTS BENCHMARK RATE TARGET RANGE TO 3.5%-3.75% IN 9-3 VOTE

*FED SAYS SCHMID, GOOLSBEE DISSENT IN FAVOR OF NO RATE CHANGE

*FED SAYS MIRAN DISSENTS IN FAVOR OF HALF POINT CUT

[zerohedge @zerohedge]

BOOM

*FED SAYS IT WILL BEGIN TREASURY BILL PURCHASES ON DEC. 12

[zerohedge @zerohedge]

Futures Slide As Bitcoin Flash Crashes To April Low Ahead Of $3.1 Trillion Opex https://t.co/UrLLAItwL7

[zerohedge @zerohedge]

FED CUTS 25BPS

FED SAYS IT WILL STOP SHRINKING BALANCE SHEET ON DEC. 1

FED SAYS MIRAN DISSENTED IN FAVOR OF HALF-POINT CUT

[zerohedge @zerohedge]

CPI a miss across the board as we said in our preview:

CPI 0.3% MoM, Exp.0.4%
CPI Core 0.2% MoM, Exp. 0.3%

CPI 3.0% YoY, Exp. 3.1%
CPI Core 3.0% YoY, Exp. 3.1%

[zerohedge @zerohedge]

*TRUMP SAYS HE'S MEETING WITH CHINA'S XI IN TWO WEEKS
*TRUMP, ASKED IF HIGH CHINA TARIFFS WILL STAND: NO

[zerohedge @zerohedge]

TRUMP: 100 PERCENT CHINA TARIFF IS NOT SUSTAINABLE

[zerohedge @zerohedge]

*POWELL: STARTING TO SEE A LITTLE TIGHTENING IN MONEY MARKETS

oopsie

[zerohedge @zerohedge]

The Fed could restart QE in the coming months

[Financial Markets & Crypto (Chart) analysis (NFA) @TradingtheEdge]

@KobeissiLetter Nice candle 👀

[*Walter Bloomberg @DeItaone]

BITCOIN JUMPS ON WEAK JOBS DATA, FED CUT BETS

Bitcoin hit a two-week high of $116,910 after ADP reported a 32,000 job loss in September (vs. +45,000 expected), fueling expectations of a Fed rate cut on Oct. 29. Lower rates support risk assets, while seasonality also favors crypto—Bitcoin has gained in 10 of the past 12 Octobers.

[zerohedge @zerohedge]

And 50bps in play

[zerohedge @zerohedge]

FOMC statement redline: the biggest highlight is the addition of "downside risks to employment have risen" the clarification that "jobs gains have slowed" and that the "unemployment rate has edged up"

This is an insurance cut and is the first of many

[zerohedge @zerohedge]

Dots:

9 of 19 see 2 more cuts
2 of 19 see 1 more cuts
6 of 19 see no more cuts
1 sees 1 rate hike, and drumroll...
1 sees 5 cuts (this is Stephen Miran)

[Charles Guillemet @P3b7_]

🚨 There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised. The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.

The malicious payload works by silently swapping crypto addresses on the fly to steal funds.

If you use a hardware wallet, pay attention to every transaction before signing and you're safe.

If you don’t use a hardware wallet, refrain from making any on-chain transactions for now.

It’s still unclear whether the attacker is also stealing seeds from software wallets directly at this stage.

Excellent report here: https://t.co/5CtiZJHYsN

[zerohedge @zerohedge]

50bps

[zerohedge @zerohedge]

More revisions reveal first negative jobs print:

June revised down by 27,000, from +14,000 to -13,000

July revised up by 6,000, from +73,000 to +79,000.

Powell not cutting into this would be criminal.

[zerohedge @zerohedge]

PCE 0.2% MoM, Exp. 0.2%
PCE 2.6% YoY, Exp. 2.6%

PCE Core 0.3% MoM, Exp. 0.3%
PCE Core 2.9% YoY, Exp. 2.9%

[zerohedge @zerohedge]

Next question: 25 or 50bps.

Answer on Sept 9 when the BLS publishes annual jobs revision.

Later today we will show why the case for 50bps is very high