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Lisa Parker

An editor at FOMOdrive

  • Nov 09, 2023
  • 10 min read

Bi Weekly Market Review - Edition #10

For the period 16th - 31st Oct

Dear FOMOdrive community members,

Welcome to ​Edition #10​ of our ​Bi-weekly Market Review​ 📰 covering the ​major market news​ from ​16th- 31st October​ 📆.

​Major Market News​


- ​​​FTX​ Is Negotiating With Three Bidders to Restart Crypto Exchange (​Bloomberg 24 October​)

Bitcoin​ Tops $35K, Hitting 16-Month High; Options Positioning Suggests Price Has Further to Run (​Coindesk 23 October​)

New York sued crypto firms ​Genesis Global​, its parent company Digital Currency Group, and Gemini for defrauding investors of over $1B (​Reuters 19 October​)

Bitcoin ETF​ Enthusiasts Hit as Fake News Fuels $85 Million Liquidation (​Bloomberg 16 October​)


​Big Tech​ Sheds ​$386 Billion in Value​ as Earnings Disappoint (​Bloomberg 26 October​)

​Nvidia​ stock falls after US announces new restrictions on ​AI chip​ exports (​CNBC 17 October​)

​Bonds and Interest Rates​

​New Age for Treasuries​ Means 6% Yield Isn’t ‘Out of the Picture’ (​Bloomberg 23 October​)

Europe’s Biggest Money Managers ​Bet on Higher ECB Rate​ (​Bloomberg 22 October​)

Relentless climb in ​Treasury yields​ may have further to run after ​surging to 5%​ ​​ (​Reuters 20 October​)

​Commodities and FX​

​Dollar​ falls as Treasury yields retreat (​Reuters 23 October​)

US stocks end sharply lower, ​crude​ jumps on Middle East tensions (​Reuters 18 October​)

Dollar gains as Fed, Middle East in focus ​(Reuters 18 October)​

Nigeria allows ​Naira​ to weaken most in four months to a record (​Bloomberg 17 October​)

​Quote of the Day:​

"​An investment in knowledge pays the best interest.​" — Benjamin Franklin

Until next time. Stay informed!

The FOMOdrive Team

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