⚠ Swiss National Bank Says NO to Bitcoin!
SNB President Martin Schlegel confirms no plans to buy BTC or any crypto, citing volatility & regulatory concerns. Source: Roi Market @RoiMarkett
A developing story?
Source: Not Jerome Powell on X
🔴 Turkey Lira dropped to an all-time low after Istanbul mayor and Erdogan rival arrested.
Imamoglu, the 53-year-old Istanbul mayor, was seen as the next opposition party candidate for the Turkish presidency and was expected to be nominated on Sunday. Charges for the arrest, which Imamoglu and his party reject, include terrorism and organized crime. Source: CNBC, Bloomberg
🔴 BREAKING: THE 40X SHORT WHALE IS NOW 40X LONG WHALE ‼️
HE OPENED A $37.9 MILLION BTC LONG WITH LEVERAGE. ENTRY PRICE $84,500 AND LIQUIDATION AT $83,000. Source: Ash Crypto on X
Fomc recap
Source: Bloomberg
The OECD published its latest economic outlook on Monday, downgrading its global growth projections for 2025 and 2026 in light of various political and economic uncertainties.
Source: Statista
I am back my friends !!!
While some of the FOMC statements were hawkish, the overall outcome is that the Fed is a little more dovish than the market had expected. Indeed, the Fed is shrugging off the inflationary signals from the latest University of Michigan consumer survey (which pointed towards rising inflation expectations) and instead is preferring to line the dot plot up with the growth deterioration. The slow down of QT starting in April helped as well. Stocks climbed yesterday, regaining some of their footing from a market sell-off that has been going on since February. The Dow jumped 0.9% and the S&P 500 surged just over 1%. The Nasdaq Composite gained 1.4%, but remains in correction — that is, the index is still more than 10% off its high.
The fed dot plot >>> Look at the wide dispersion around the "longer run" dots.
No real agreement on where they're heading. Source: Seek Wiser @SeekWiser_
