Today is the weekend, and the news is mainly centered around some election-related developments.
Last night’s non-farm payrolls data boosted BTC and ETH’s rebound, but it was just a rebound, with no real bullish pattern, as prices remained under weekly pressure, followed by a rapid decline in prices. This decline continued until this morning, as markets began to stabilize and fluctuate.
On Thursday evening, reports emerged that Iran would attack Israel during the elections, causing international financial markets to collapse, even gold, which had been stable, fell by $50. It is important to monitor the situation over the weekend and take appropriate protective measures.
Two important events to watch next week! The first is the US elections on November 5, and the second is the US interest rate meeting on November 6-7.
If the rate is cut, we may see a new wave of bullishness in the stock market. If it is not cut, the market will continue on its current path. Based on the US jobs data, a 25 basis point rate cut is expected, but if the two events are combined, the situation may become complicated.
Financial markets are likely to experience significant volatility.
