the daily degen 🦍(21sep23)
handle.fi daily trooper update
todays markets
market news
⚔️defi protocol balancer’s front end under attack, $238K in crypto stolen.
📈fed declines to hike, but points to rates staying higher for longer.
💸paypal brings PYUSD stablecoin to venmo, the popular mobile payments app owned by paypal.
🚫U.S. CBDC efforts opposed in legislation advanced by house republicans.
🌐crypto makes up 70% of south korea’s reported overseas assets: tax agency.
crypto fear and greed index
trooperNotes: FOMC summary 📚
the federal reserve's federal open market committee (FOMC) decided to keep its benchmark interest rate unchanged at 5.5%, pausing its aggressive strategy to combat inflation. this move gives policymakers additional time to evaluate the impact of previous rate hikes and other economic data. fed chair jerome powell indicated that the u.s can proceed cautiously in its future monetary policy actions. although the central bank plans to raise rates one more time this year, projections suggest rates will begin to decrease next year.
economic growth expectations for next year were also revised upward to 2.1%, up from a 1% prediction in june. the economy has demonstrated resilience despite prior rate increases, with steady hiring and an unemployment rate near a 50-year low. however, challenges persist, including inflation rates still exceeding the federal reserve's 2% target. external factors like rising oil prices, labor strikes, and the potential for a government shutdown add a layer of uncertainty. the fed's latest actions signal a cautiously optimistic approach, while acknowledging the complexities and uncertainties in calibrating monetary policy.
around the X-verse… (formerly the twitterverse)
can devs fix this 😶…
hopefully some left 👻…
hopium? 😃…
trade ideas
trade: long EUR/ USD
the EUR/USD pair reached an 18-month high of ~ 1.128 in July but has been on a weakening trend since then.
so far, the ~1.064 level has served as a reliable support, aligning with the low observed in june. although the overall trend skews downward, this could be a point where we witness a bounce back. with this in mind, you might consider initiating a LONG position targeting around ~1.077.
#NFA #DYOR
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