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Fade the noise…

Fade this storm in a teacup and take advantage of the opportunities that arise.


Mainstream Adoption is Way Easier than you think

After a month of granting Bitcoin legal tender, there are more Salvadorans with bitcoin wallets than traditional bank accounts.


Employment Data for both the US and Canada will be out today. The Employment Data will possibly determine the US Federal Reserve’s and Bank of Canada’s tapering decision at their next policy meeting.


1. Currencies:


Market movement as of New York Close 7Oct 2021
  • US Initial jobless claims for the week ending October 2 decreased by 38,000 to 326,000 (expected 340,000) while continuing claims for the week ending September 25 decreased by 97,000 to 2.714 million.
  • The U.S. Dollar Index decreased -0.09% to 94.18. Friday’s non-farm payrolls data is expected to show continued improvement in the labour market, with a forecast for 455,000 jobs added in September.
  • US 10-year Treasury Bond yield rose 5 basis points to 1.58%. 2-yr yield rose 2 basis points to 0.32%.
  • S&P 500 rose +0.83%, the Dow Jones Industrial Average (+0.98%), Nasdaq (+0.88%), and Russell 2000 (+1.6%) outperformed the benchmark index.
  • The Dow Jones Transportation Average (-0.3%) was an area of relative weakness amid concerns that rising fuel costs could eat into profits. WTI crude futures rose +1.1%, or $0.81, to $78.31/bbl following news that the Department of Energy doesn’t plan to tap into oil reserves, contrary to prior reporting.
  • Pfizer (PFE 42.74, +0.72, +1.7%) was another positive influence after announcing it submitted a request to the FDA for emergency use authorization for its COVID-19 vaccine in children 5–11.


U.S. Senate approves temporary lift to debt ceiling, averting default

Notable Snippet: The U.S. Senate on Thursday approved legislation to temporarily raise the federal government’s $28.4 trillion debt limit and avoid the risk of a historic default later this month, but it put off until early December a decision on a longer-lasting remedy.

Dash for gas sparks oil switch, pushes more suppliers to brink

Notable Snippet: Natural gas prices, particularly in Europe, have rocketed this year due to lower-than-usual stocks, reduced supply from Russia, the onset of colder temperatures and infrastructure outages.

‘Containergeddon’: Supply crisis drives Walmart and rivals to hire their own ships

Notable Snippet: More than 60 container ships carrying clothing, furniture and electronics worth billions of dollars are stuck outside Los Angeles and Long Beach terminals, waiting to unload, according to the Marine Exchange of Southern California.




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