Ipek Ozkardeskaya
Swissquote Bank Ltd
The barrel of US crude tumbled almost 4% to nearly $65pb level, as Brent crude slipped below the $70pb mark after OPEC – which is normally optimistic - lowered its demand forecast for the second time in two months.
Elsewhere, the debate between Trump and Harris went quite well for Harris, which saw her victory odds climbed to 55, and the latter sent Bitcoin 2.50% lower. Banks sold off on gloomy outlook from big bank CEOs and Big Tech barely reacted to European fines to Apple and Google.
Today, all eyes are on the US CPI data. A sufficiently soft set of inflation figures should revive the discussion about the size of the upcoming Federal Reserve (Fed) cuts.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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