{"id":18598,"date":"2024-11-07T10:55:47","date_gmt":"2024-11-07T10:55:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18598"},"modified":"2024-11-07T10:55:47","modified_gmt":"2024-11-07T10:55:47","slug":"morning-wrap-07-11-2024","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18598","title":{"rendered":"Morning Wrap (07.11.2024)"},"content":{"rendered":"<p>\ud83d\udcc8 <strong>Wall Street Rally:<\/strong> Following Trump\u2019s presidential win, Wall Street closed with significant gains:<\/p>\n<p><strong>Russell 2000<\/strong>: +5.84%\u00a0\ud83d\udcca<strong>Nasdaq<\/strong>: +2.95%<strong>Dow Jones<\/strong>:\u00a0+3.57%<strong>S&amp;P500<\/strong>: +2.53%<\/p>\n<p>\ud83c\udf0f <strong>Global Markets:<\/strong> Despite concerns over Trump\u2019s policies, stocks in China \ud83c\udde8\ud83c\uddf3 and Hong Kong \ud83c\udded\ud83c\uddf0 are also rising. The <strong>China A50<\/strong> index is up 2.3% intraday.<\/p>\n<p>\ud83d\udcc9 <strong>Futures Outlook:<\/strong> US stock futures signal continued gains, while Europe remains cautious:<\/p>\n<p><strong>Nasdaq Futures<\/strong>:\u00a0+0.27%<strong>DAX Futures<\/strong>:\u00a0-0.25%<strong>CAC40 Futures<\/strong>:\u00a0-0.2%<\/p>\n<p>\ud83d\udcb9 <strong>Currency Rebound:<\/strong> EURUSD is attempting a comeback after yesterday\u2019s drop, hovering near 1.074. Meanwhile, USDJPY is holding above 154.00. Antipodean currencies are leading early Thursday, while the dollar and euro see slight corrections.<\/p>\n<p>\u23f0 <strong>Fed Decision Incoming:<\/strong> All eyes on the Fed\u2019s announcement at <strong>7:00 pm GMT<\/strong>. Markets anticipate a <strong>25 bps rate cut<\/strong> as the Fed resumes monetary easing. <strong>Jerome Powell<\/strong> will provide insights at <strong>7:30 pm\u00a0GMT<\/strong>.<\/p>\n<p>\ud83c\udfe6 <strong>Other Central Bank Updates:<\/strong> Today also features rate decisions from <strong>Norges Bank<\/strong>, <strong>Sveriges Riksbank<\/strong>, <strong>CNB<\/strong>, and\u00a0<strong>BoE<\/strong>.<\/p>\n<p>\ud83d\udcb8 <strong>Crypto Market Cooldown:<\/strong> The crypto rally is easing; <strong>Bitcoin<\/strong> is down 1.2%, while <strong>Ethereum<\/strong> is back up by\u00a03%.<\/p>\n<p>\ud83c\udf0d <strong>Commodities Check:<\/strong> Relatively stable movement:<\/p>\n<p><strong>NATGAS<\/strong>: +0.8%<strong>WTI Crude Oil<\/strong>:\u00a0+0.02%<strong>Gold<\/strong>: -0.14%<strong>Silver<\/strong>: -0.4%<\/p>\n<p>\ud83d\udcf2 Stay tuned for more updates on these evolving market\u00a0trends!<\/p>\n<p><a href=\"https:\/\/medium.com\/coinmonks\/morning-wrap-07-11-2024-b27abbe4cf46\">\ud83c\udf05 Morning Wrap (07.11.2024)<\/a> was originally published in <a href=\"https:\/\/medium.com\/coinmonks\">Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcc8 Wall Street Rally: Following Trump\u2019s presidential win, Wall Street closed with significant gains: Russell 2000: +5.84%\u00a0\ud83d\udccaNasdaq: +2.95%Dow Jones:\u00a0+3.57%S&amp;P500: +2.53% \ud83c\udf0f Global Markets: Despite concerns over Trump\u2019s policies, stocks in China \ud83c\udde8\ud83c\uddf3 and Hong Kong \ud83c\udded\ud83c\uddf0 are also rising. The China A50 index is up 2.3% intraday. \ud83d\udcc9 Futures Outlook: US stock futures signal continued [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-18598","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18598"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18598"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18598\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}