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US personal income surges 0.6% mom in Oct, Core PCE inflation edges higher to 2.8% yoy – Action Forex
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning with forecasts. The robust income growth outpacing spending suggests an improved capacity for household savings or future consumption, adding resilience…
Crisis Trading: Expect the Worst and Reassess Later
A Trader’s Guide to Crisis Trading: Expect the Worst and Reassess Later With an update on the Trump Tariff Crisis Crisis Trading: Expect the Worst and Reassess Later I’ve traded through many market crises, both financial and geopolitical, and one pattern remains consistent: markets initially price in the worst possible outcome before gradually reassessing…
Terraform Labs Opens Investor Claims Portal Nearly Three Years After $45 Billion Crash
Terraform Labs is finally allowing investors to seek reimbursement nearly three years after its dramatic downfall. On March 31, the company will open a claims portal for those who lost at least $100 in the Terra ecosystem’s $45 billion collapse in May 2022, according to an announcement on Medium. The move follows a Delaware court’s…
The US Port Strike Is Over: Global Supply Chain Saved
After days of gridlock and uncertainty, the US port strike is over. The longshoremen strike, which threw the shipping industry into turmoil this Tuesday, finally reached a conclusion that saves the economy from potential disaster, with negotiations coming to a close yesterday. The strike, initiated by the International Longshoremen’s Association (ILA), froze operations at major…
GBP/USD Price Holds Above 1.3100 as Markets Brace for UK Autumn Budget – Forex Crunch
The GBP/USD price stays positive above 1.3100, awaiting the UK budget. The UK government faces a strong challenge to balance between growth and fiscal deficit. Markets eye Fed comments and US PPI ahead of Wednesday’s UK budget. The GBP/USD price trades above 1.3100 on Tuesday, broadly unchanged as investors stay focused on Wednesday’s UK Autumn…
