On rate cuts, Moya said that Wall Street has begun to believe that they won't take place until next summer.Ĭryptocurrency trader Michaël van de Poppe advised his followers on X, formerly Twitter, to "just survive this month" and said things would be fine from thereon. Last night, both Japanese and Chinese officials attempted to thwart the greenback’s rally, but weren't effective," noted Edward Moya, a senior market analyst at OANDA. See Also: Crypto Analyst Predicts 170% Upside For Dogecoin By 2024: ‘We All Know The Game Plan…Right?’Īnalyst Notes: "The dollar's rise is starting to unnerve everyone. unit against a basket of six currencies, rose to 104.84 on Tuesday after earlier hitting a six-month high of 105.03, reported Reuters. Meanwhile, the Greenback has been exhibiting increasing strength of late. The PMI number is up from July's 52.7 reading. It was reported that the ISM services PMI rose to 54.5 for August - a signal that services saw strong growth in the month and indeed in the last six months. Don't let this chance slip away – secure early bird discounted tickets now!Ĭryptocurrencies remain lackluster in price action, while stock futures were little changed at the time of writing as investors retrain their focus on the Federal Reserve's action on interest rates. Be a part of the discussions where you won't just be a passive spectator. Gold, Silver Or Bitcoin: What Is The Best Hedge Against Inflation? Ask industry experts directly at Benzinga's Future of Digital Assets event happening in NYC on Nov. Should host a livestream today to explain the implications?- Cory Klippsten | □ #Bitcoin September 6, 2023 Christmas came early for $MSTR and other companies with Bitcoin on their balance sheets!įASB is moving to fair value reporting for Bitcoin holdings □
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