October 29th Financial News

Daily News

Data Interpretation

Summary:

The US seeks to buy up to 3 million barrels of oil to replenish its strategic petroleum reserve (SPR); European Central Bank's Guindos says significant progress has been made in disinflation, but substantial risks remain ahead...

[Quick Facts]

1. The US seeks to buy up to 3 million barrels of oil to replenish its SPR.

2. UK retail prices drop sharply, but upcoming budget may fuel inflation.

3. Japan's tightening labor market provides positive signals to the BOJ.

4. Oil's big options bets turn worthless as Iran risk fades.

5. ECB's Guindos: Risks lie ahead despite great progress in disinflation.

[News Details]

The US seeks to buy up to 3 million barrels of oil to replenish its SPR

On Monday, the U.S. announced plans to purchase up to 3 million barrels of oil to replenish its Strategic Petroleum Reserve for delivery through May 2025, a purchase that would leave the government with little money to buy more until lawmakers approve more funds.

This is part of efforts to replenish the SPR after the record sale of 180 million barrels in 2022. It's unclear how much money the Department of Energy (DOE) has left in its fund to buy more oil. A department source said earlier in the month that there was about $150 million left, or about enough to buy about 2 million barrels.

But evidently, there is slightly more. "The DOE will continue to purchase crude at a good price for taxpayers with available emergency revenues," a department spokesperson said on Monday.

UK retail prices drop sharply, but upcoming budget may fuel inflation

According to the British Retail Consortium (BRC), October retail prices fell at the fastest rate in over three years. However, the budget announcement by Finance Minister Rachel Reeves this week could drive inflation higher.

The BRC shop price index dropped 0.8% year-on-year in October—the steepest decline since August 2021—accelerating from September's 0.6% decline. Meanwhile, housing prices slowed for the ninth consecutive month.

BRC CEO Helen Dickinson noted, "Easing price inflation will certainly be welcomed by customers, but ongoing geopolitical tensions, climate change, and government-imposed regulatory costs could all reverse this trend."

Japan's tightening labor market provides positive signals to the BOJ

Japan's job market showed signs of further tightening in September. The jobs-to-applicants ratio rose to 1.24, and the unemployment rate dropped to 2.4%. Employment increased by 270,000 compared to last year, while the number of unemployed decreased by 90,000.

This trend offers positive momentum for the Bank of Japan (BOJ) ahead of its policy meeting, as increased labor demand could push wages higher, promoting healthy inflation. While most economists predict the BOJ will raise rates again in December or January, markets expect it to keep rates unchanged this Thursday.

Oil's big options bets turn worthless as Iran risk fades

Israel conducted long-awaited strikes against Iran, an OPEC member, last weekend, but refrained from hitting its energy infrastructure. This led to a sharp drop in oil prices, rendering 800,000 Brent December call options worthless overnight.

The options market had seen heightened activity due to fears of potential oil supply disruptions from the Middle East conflict. However, only 10% of options expiring Monday retained any value. Since Iran's attack on Israel earlier this month, speculators amassed call options targeting $90 and $100 prices, covering over 32 million barrels—now mostly wasted.

Meanwhile, bearish sentiment strengthened, with more than 20 million barrels' worth of $70 December put options traded on Monday. This helped narrow the premium gap between call and put options, reversing the most bullish sentiment in two years seen earlier this month.

ECB's Guindos: Risks lie ahead despite great progress in disinflation

Luis de Guindos, Vice President of the European Central Bank (ECB), noted on Monday that the latest data shows disinflation is on track. However, substantial risks remain on the horizon.

Geopolitical tensions may push up energy and shipping costs, while extreme weather events and persistent wage growth could keep inflation elevated for longer. Additionally, the ECB's rate hikes might dampen demand more than expected, further slowing inflation. At the same time, a decelerating global economy adds to downside risks.

Despite weaker-than-expected performance, the eurozone economy could regain momentum through increased consumption, investment, and exports.

[Today's Focus]

UTC+8 21:00: US FHFA House Price Index MoM (Aug)

UTC+8 22:00: US JOLTs Job Openings (Sept)

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Economic

Commodity

The price of crude oil fell by 6% on Monday to $67 a barrel for WTI and $71 for Brent. This return to the lows of the last two months is due to Israel’s attack on Iran’s oil capacity. The aftermath and retaliatory rhetoric from politicians in both countries have fuelled speculation that both sides are trying to avoid escalation for now. As a result, the geopolitical risk premium has fallen sharply. The price has returned to levels seen before the latest escalation in the Middle East.

In September, the price was near the lower end of its 40-month range, reflecting the slowdown in the global economy. Chinese stimulus has so far been disappointing in its slowness and limited nature. It will take months for the G10 monetary easing measures to reach the markets and reverse the economic trends in the major developed economies.

The US continues to produce strongly. Last week was the second consecutive week of record supply from the states, at 13.5 million bpd. At the same time, the number of oil rigs has been falling for almost two years and now stands at 480. The latter indicator is highly correlated with price but has temporarily lost its link with production levels. This is somewhat curious, as it suggests that companies want to squeeze the maximum out of today’s production but limit investment in future production.

The decline in drilling activity with relatively low inventories might be good news if it were not for the increasing contribution of alternative energy sources to the global energy equation. On the oil chart, the recent fall in prices has tipped the balance in favour of the bears. In October, they managed to keep the price above the 50-month moving average (roughly the same as the 200-week moving average), which had been a key support line since the beginning of the year and was broken in August.

As the new week begins, the price is testing the horizontal support of the last two years. A close below $65 in October would be a major bearish signal that could accelerate oil’s decline. There is a risk of a dam bursting, with the next downside target being the $50 area, a psychologically important intermediate level. The history of the 2008-2009, 2014-2015, and 2020 collapses suggests that the final ‘bottom’ may not come until the $30-35 area.

To stay updated on all economic events of today, please check out our Economic calendar

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Glendon

Economic

The upcoming IPO of Heritage Distilling Holding Company, Inc. (CASK) is generating significant interest in the financial markets, particularly among investors keen on the burgeoning spirits industry. As a leading craft distiller in the United States, Heritage Distilling is well-positioned to capitalize on the increasing consumer demand for premium spirits. This article delves into the details surrounding the CASK IPO, analyzing its implications, market context, and potential investment value.

The Company Overview

Founded in 2011, Heritage Distilling has made a name for itself in the competitive spirits market with a diverse portfolio of products, including vodka, gin, and whiskey. The company emphasizes quality and craftsmanship, utilizing locally sourced ingredients and innovative distilling techniques. This focus on quality has garnered numerous awards and a loyal customer base, positioning Heritage Distilling as a notable player in the craft spirits sector.

The IPO Details

According to the information available, Heritage Distilling plans to launch its IPO under the ticker symbol "CASK." The company is looking to raise approximately $30 million to $50 million, which will be primarily used for expanding production capabilities, increasing marketing efforts, and enhancing distribution channels. The IPO aims to leverage the growing trend of premiumization in the spirits industry, where consumers are increasingly willing to pay more for high-quality products.

Market Trends and Opportunities

The global spirits market has seen remarkable growth over the past decade, driven by changing consumer preferences towards premium and craft offerings. The rise of cocktail culture, the influence of social media on drinking trends, and the increasing popularity of artisanal products have all contributed to this upward trajectory.

Consumer Demand: Today's consumers are more discerning than ever, seeking unique flavors and high-quality ingredients. Heritage Distilling’s commitment to craftsmanship aligns perfectly with this trend, making its offerings appealing to both seasoned enthusiasts and casual drinkers.

E-commerce Growth: The pandemic accelerated the shift towards online sales in the spirits industry. Heritage Distilling has capitalized on this trend by enhancing its e-commerce platform, allowing customers to purchase products directly from the distillery.

Sustainability: With an increasing focus on sustainability, companies that prioritize environmentally friendly practices are gaining favor among consumers. Heritage Distilling’s local sourcing and sustainable practices may further enhance its brand image and appeal.

Financial Performance

Before the IPO, Heritage Distilling reported steady revenue growth, with projections indicating continued upward momentum. The craft spirits market is expected to grow at a compound annual growth rate (CAGR) of approximately 9% over the next five years. This growth trajectory suggests a favorable environment for Heritage Distilling, positioning it well for potential success post-IPO.

Risks and Considerations

While the prospects for the CASK IPO are promising, potential investors should also consider associated risks:

Market Competition: The spirits industry is highly competitive, with numerous players vying for market share. Heritage Distilling must differentiate itself continuously to maintain its growth trajectory.

Regulatory Challenges: The alcohol industry is subject to stringent regulations, which can impact production, distribution, and marketing strategies. Navigating these regulations is critical for Heritage Distilling's operational success.

Economic Factors: Economic downturns can affect consumer spending on luxury items, including premium spirits. Investors should remain cognizant of broader economic conditions that could impact Heritage Distilling’s sales.

Conclusion

The CASK IPO presents an exciting opportunity for investors looking to tap into the growing craft spirits market. With its strong brand identity, commitment to quality, and favorable market trends, Heritage Distilling is well-positioned for success. However, potential investors should conduct thorough research and consider both the opportunities and risks before diving into this promising offering.

To stay updated on all economic events of today, please check out our Economic calendar

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Warren Takunda

Cryptocurrency

Since turning away from its all-time high above $73,800, Bitcoin price has been consolidating within a wide range, stretching from $53,000 and $72,000.

However, according to technical chart patterns and various indicators, Bitcoin’s consolidation could be nearing an end as the price may be on the verge of a breakout. How Long Will Bitcoin’s Price Consolidation Last?_1

How Long Will Bitcoin’s Price Consolidation Last?_1

BTC/USD daily chart. Source: TradingView

Bitcoin price consolidation sets up “more bullish outcome”

According to popular crypto analyst Rekt Capital, Bitcoin could potentially be on the verge of breaking out of consolidation after achieving a bullish weekly close on Oct. 27.

In an Oct. 27 analysis on X, Rekt Capital said Bitcoin was close to achieving a weekly close above $67,900.

Data from Cointelegraph Markets Pro and TradingView reveals that Bitcoin’s bullish price action between Oct. 26 and Oct. 27 saw the pioneer cryptocurrency produce a weekly close of $67,938, which is a “bullish outcome,” according to Rekt Capital.

“Bitcoin is once again getting very close to positioning itself for the more bullish outcome.” How Long Will Bitcoin’s Price Consolidation Last?_2

BTC/USD weekly chart. Source: Rekt Capital

Historically, Bitcoin has peaked between 518 and 550 days after halving, Rekt Capital explained in an earlier post.

Despite the long post-halving consolidation period, “Bitcoin is still accelerating in this cycle by approximately 35 days or so,” the analyst added.

“So the longer Bitcoin consolidates after the Halving, the better it will be for resynchronising this current cycle with the traditional Halving cycle.” How Long Will Bitcoin’s Price Consolidation Last?_3

How Long Will Bitcoin’s Price Consolidation Last?_3

BTC/USD weekly chart. Source: Rekt Capital

BTC price consolidation ending — Bollinger Bands

Anticipation of a breakout in BTC price lingers in the background, as suggested by Bitcoin’s volatility indicator.

For Bitcoin analyst “The Bull” Severino, tightening Bollinger Bands conditions in the two-week time frame indicates that a significant “huge move” is imminent.

The width of the Bollinger Bands, a classic volatility and momentum indicator, is currently “among the three tightest instances in history.”

According to his analysts shown in the chart below, the only other two times the two-week Bollinger Bands were this tight were in October 2023 and Sept. 2015.

In October 2023, the BTC/USD pair rose from around $26,500, rallying approximately 180% to an all-time high of $73,835 in March 2024.

The other time was in September 2015, preceding an 8,300% rally in BTC price to 2017’s all-time high near $20,000. How Long Will Bitcoin’s Price Consolidation Last?_4

How Long Will Bitcoin’s Price Consolidation Last?_4

BTC/USD two-week chart. Source: Source: Tony “The Bull” Severino

If history repeats itself, Bitcoin could soon break out of consolidation to unprecedented levels over the next few months.

Fellow analyst CryptoCon shared a similar sentiment, explaining that the tightening two-week Bollinger Bands suggested that the Bitcoin bull market is next.

“This is one of the longest times spent in the Low Volatility Zone of the Weekly Bollinger Band Width,” CryptoCon said in another post on X. How Long Will Bitcoin’s Price Consolidation Last?_5

How Long Will Bitcoin’s Price Consolidation Last?_5

“The longer the consolidation, the more the upside.”Source: CryptoCon

Source: Cointelegraph

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Glendon

Economic

As the global demand for rare earth elements (REEs) continues to surge, Peak Resources LP (PRB) is set to make waves with its upcoming initial public offering (IPO). Scheduled to launch on November 1, 2024, this IPO presents a unique investment opportunity in a sector crucial for modern technology and green energy solutions. This article delves into the details surrounding the PRB IPO, exploring its significance, market context, and potential benefits for investors.

Company Overview

Peak Resources is primarily engaged in the exploration and development of rare earth mineral projects. The company’s flagship project, the Ngualla Rare Earth Project located in Tanzania, is recognized as one of the world's most significant rare earth deposits. With increasing applications of rare earth elements in electronics, renewable energy technologies, and electric vehicles, Peak Resources is strategically positioned to capitalize on the growing market demand.

IPO Details

The PRB IPO is expected to raise approximately $20 million to $30 million, with a share price range set between $5.00 and $6.00. The offering will be underwritten by reputable financial institutions, ensuring a solid foundation for the company's public debut. This capital will primarily be allocated towards advancing the Ngualla project, enhancing production capabilities, and expanding market reach.

Market Trends and Opportunities

Growing Demand for Rare Earth Elements: The increasing reliance on rare earths in various industries, including electronics, automotive, and renewable energy, is driving a robust market demand. According to industry analysts, the global rare earth market is projected to grow significantly, with a compound annual growth rate (CAGR) of around 8% over the next five years.

Technological Advancements: Innovations in electric vehicle technology and renewable energy systems further boost the need for rare earth materials. As nations push towards sustainability and reducing carbon footprints, the demand for efficient energy storage solutions and electric vehicles will continue to rise.

Supply Chain Diversification: Recent geopolitical tensions have highlighted the risks associated with relying heavily on specific countries for rare earth supplies. Companies like Peak Resources, with projects outside of traditional production regions, can offer critical alternatives and enhance supply chain resilience.

Financial Performance

In the lead-up to the IPO, Peak Resources has demonstrated solid financial performance, with increasing interest from institutional investors. The company has secured significant contracts and partnerships that not only bolster its credibility but also enhance its market positioning. The financial health of Peak Resources reflects its potential to thrive in a rapidly expanding industry.

Risks and Considerations

While the PRB IPO presents exciting opportunities, investors should be aware of the inherent risks:

Market Volatility: The rare earth sector can be subject to price fluctuations, influenced by global supply and demand dynamics. Investors should consider market conditions that may impact pricing.

Regulatory Challenges: The mining industry is heavily regulated, and changes in environmental policies or mining regulations can affect operations and profitability.

Development Risks: The progress of the Ngualla project and other potential ventures carries inherent risks related to exploration and development timelines, which can impact the company's growth projections.

Conclusion

The PRB IPO from Peak Resources stands as a promising opportunity for investors looking to tap into the burgeoning rare earth market. With a strong project portfolio, favorable market dynamics, and strategic growth plans, Peak Resources is well-positioned to capitalize on the increasing demand for rare earth elements. However, prospective investors should conduct thorough due diligence, considering both the potential rewards and risks associated with this investment.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Warren Takunda

Economic

Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November's U.S. presidential election.

Republican candidate Trump's gains in recent polls to erase much of the early advantage of his Democratic opponent, Vice President Kamala Harris, was part of nearly every conversation among finance officials, central bankers and civil society groups attending the meetings in Washington this past week.

Among concerns were Trump's potential to upend the global finance system with massive tariff increases, trillions of dollars more in debt issuance and a reversal of work to fight climate change in favor of more fossil fuel energy production.

"Everyone seemed to worry about the high uncertainty on who would become the next president, and what policies would be taken under the new president," Bank of Japan Governor Kazuo Ueda said.

Another central banker, speaking on condition of anonymity, described the concerns more bluntly: "It's starting to feel like Trump is going to win."

Trump has vowed to impose a 10% tariff on imports from all countries, and 60% duties on imports from China. These would hit supply chains throughout the world, likely triggering retaliation and raising costs.

German Finance Minister Christian Lindner told Reuters on Friday that there would only be losers in a U.S.-EU trade war.

Trump has also sought to entice U.S. voters with offers of numerous tax breaks, from extension of all 2017 individual tax cuts to exempting income from tips, overtime pay and Social Security retirement benefits. Budget analysts say this would add at least another $7.5 trillion in new U.S. debt over a decade, on top of the $22 trillion in debt growth previously estimated by the Congressional Budget Office through 2034.

A Harris victory, by contrast, is being viewed by finance officials as a continuation of President Joe Biden's re-engagement in multilateral cooperation over the past four years on climate, corporate taxes, debt relief and development bank reforms. Her plans also are likely to increase debt, but far less than Trump's.

Biden kept in place Trump's previous tariffs on imports of steel, aluminum and Chinese goods - raising them steeply on Chinese imports in new industries such as electric vehicles and solar. Harris has endorsed this "targeted" approach and has slammed Trump's broad tariff plans as a $4,000 consumer tax on American families.

MARKETS BET ON TRUMP

Financial markets are seeing a return of "Trump trades" in assets from stocks to bitcoin to the Mexican peso that bet in favor of a Trump victory as his poll numbers have improved.

The dollar has staged its biggest monthly gain in over two-and-a-half years, with an index measuring the greenback against major currencies up 3.6% in October so far. Standard Chartered analyst Steve Englander attributed 60% of the dollar's move upward to Trump's improved prospects in betting markets.

Brazil's central bank chief Roberto Campos Neto said that the pro-Trump market bets were already having an inflationary impact on long-term interest rate futures in the dollar-sensitive economy, adding that both Trump's and Harris' fiscal plans had inflationary elements.

The worries about a Trump about-face on trade and spending arose as the IMF declared that the global battle against inflation had largely been won without major job losses, as U.S. strength was offsetting weakness in China and Europe.

IMF Managing Director Kristalina Georgieva urged policymakers to start shrinking a massive pile of COVID-induced debt or face a low-growth future that would leave populations increasingly dissatisfied.

Asked about how the specter of a Trump return impacted the meetings and IMF policy advice, Georgieva said the discussions had focused on solving the economic problems at hand.

"The sentiment of the membership is that elections are for the American people," Georgieva told a news conference. "What is for us to identify is what are the challenges and how the IMF can constructively address these challenges."

EMERGING STRAINS

The Federal Reserve's bumper half-point rate cut should normally signal a "Goldilocks" moment for emerging-market growth as financing conditions and inflationary currency pressures ease.

But bigger U.S. deficits under a Trump presidency already have some worried that the party could end quickly.

"A larger deficit means growing debt, growing debt means higher long-term rates and that may mean also a strong U.S. dollar," Turkish Finance Minister Mehmet Simsek said during an event on the sidelines of the meeting.

"High long-term interest rates in the U.S. and a strong dollar don't serve emerging markets well," he said.

Concerns of a tit-for-tat global trade war stalling an easing of inflation pressures were rife.

"If one country imposes tariffs, it's assuming that the other countries will not respond in that manner - (but) if the other countries respond by imposing tariffs around the world and thus you have elevated prices, the disinflationary process could become challenging for the world's central banks," said Lesetja Kganyago, South Africa's central bank governor.

The chair of the IMF's steering committee, Saudi Arabian Finance Minister Mohammed Al-Jadaan, emphasized past cooperation with Republican and Democratic U.S. administrations, including Trump's, saying "we just need to make sure that we continue that dialogue." That was a sentiment echoed by others at the meetings.

"I think we managed to deal with so many things, COVID and geopolitical tensions and everything," said Angolan Finance Minister Vera Daves de Sousa. "Every challenge is an opportunity for us to reorganize ourselves to learn to deal with it."

Source: Reuters

To stay updated on all economic events of today, please check out our Economic calendar

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Glendon

Economic

What Is Quantitative Easing?

Quantitative easing (QE) is a monetary policy tool that central banks use to stimulate an economy by increasing money supply and lowering interest rates when traditional policies, like lowering the central bank’s interest rates, aren’t enough. This approach is typically employed in times of economic downturn or crisis—such as the 2008 financial crisis and the COVID-19 pandemic in 2020—to keep financial markets liquid and stimulate borrowing, spending, and investment. By understanding the intricacies of QE, you can gain insight into how central banks work to maintain economic stability and growth.

How Does Quantitative Easing Work?

Central banks, such as the U.S. Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ), use QE by purchasing government bonds and other securities from the market. Here’s a breakdown of the process:

Asset Purchase: The central bank buys financial assets (primarily government bonds) from commercial banks and other financial institutions.

Increase in Bank Reserves: These purchases increase the reserves of these banks, giving them more capital to lend to consumers and businesses.

Lower Interest Rates: Increased money supply pushes interest rates lower, making borrowing cheaper for companies and individuals.

Encourage Spending and Investment: As borrowing costs decline, it becomes easier for businesses to finance operations, and consumers are incentivized to spend, thus supporting economic growth.

For example, during the 2008 financial crisis, the Fed launched several rounds of QE to increase the money supply. By the end of 2014, it had bought over $4.5 trillion in assets. This massive injection of money into the economy helped stabilize the markets and encouraged recovery.

Quantitative Easing vs. Traditional Monetary Policy

Unlike traditional monetary policy, which involves adjusting the central bank’s interest rate to influence the economy, QE bypasses the interest rate. In a zero-interest rate environment, QE is one of the few tools left for central banks to inject liquidity directly into the financial system.

For instance, in the U.S., the Fed has a target federal funds rate, which guides short-term borrowing costs between banks. However, when this rate is near zero and lowering it further becomes ineffective, QE is an alternative means to stimulate the economy.

Why Do Central Banks Use Quantitative Easing?

Central banks typically use QE when:

Interest Rates Are Low: In a low-interest-rate environment, QE can provide an additional economic boost.

Stimulating Inflation: During deflationary periods, QE can increase money supply, potentially driving inflation closer to target levels.

Supporting Market Functioning: QE was particularly effective during the 2020 COVID-19 pandemic as it supported liquidity in financial markets and prevented credit from drying up.

Effects of Quantitative Easing on the Economy

Positive Impacts

Lower Borrowing Costs: QE drives down long-term interest rates, which can spur both consumer spending and business investment.

Rising Asset Prices: By purchasing large amounts of securities, QE can raise prices of assets like stocks and bonds, creating a "wealth effect" that encourages consumer spending.

Higher Inflation: QE can help boost inflation to target levels, particularly useful in combating deflation during economic downturns.

Potential Drawbacks

Inflation Risk: If QE policies are not adjusted in a timely manner, it may lead to high inflation, decreasing purchasing power.

Asset Bubbles: By driving up asset prices, QE can sometimes lead to speculative bubbles that pose financial risks if they burst.

Income Inequality: As QE typically raises asset prices, it disproportionately benefits those who own assets, widening the wealth gap.

Quantitative Easing During the COVID-19 Pandemic

In response to the economic shock caused by COVID-19, many central banks implemented QE aggressively. The U.S. Federal Reserve’s balance sheet doubled, reaching approximately $9 trillion by 2021. The aim was to ensure ample liquidity in the markets, support businesses, and stabilize employment. However, in 2022, as inflation began to surge, the Fed started reducing its balance sheet through a process known as quantitative tightening (QT), which reverses QE by selling bonds and removing liquidity from the economy.

Is Quantitative Easing Effective?

The effectiveness of QE varies based on economic conditions and the scope of implementation. While QE has succeeded in lowering interest rates and supporting financial markets, there is ongoing debate about its long-term effects, particularly concerning inflation and income inequality. Critics argue that while QE supports economic growth, it may also exacerbate wealth inequality due to its effect on asset prices. Additionally, QE’s impact can diminish over time as financial markets adapt to these interventions.

Conclusion

Quantitative easing is a powerful tool in a central bank’s arsenal, often deployed when conventional monetary policy reaches its limits. While QE has shown its potential in stabilizing economies during crises, it is not without risks. The long-term impact of QE is still a topic of much debate, as policymakers weigh the benefits of economic stability against concerns about inflation, inequality, and financial bubbles. Understanding QE is crucial for grasping the mechanisms central banks use to support the economy and how such interventions might impact consumers, businesses, and markets in the future.

To stay updated on all economic events of today, please check out our Economic calendar

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October 29th Financial News

[Quick Facts]

[News Details]

[Today's Focus]

Oil Nears To September Lows; May Crash To $30

CASK IPO: A Golden Opportunity in the Spirits Industry

The Company Overview

The IPO Details

Market Trends and Opportunities

Financial Performance

Risks and Considerations

Conclusion

How Long Will Bitcoin’s Price Consolidation Last?

BTC/USD daily chart. Source: TradingView

Bitcoin price consolidation sets up “more bullish outcome”

BTC/USD weekly chart. Source: Rekt Capital

BTC/USD weekly chart. Source: Rekt Capital

BTC price consolidation ending — Bollinger Bands

BTC/USD two-week chart. Source: Source: Tony “The Bull” Severino

“The longer the consolidation, the more the upside.”Source: CryptoCon

Source: Cointelegraph

Peak Resources (PRB) IPO: A Game-Changer in Rare Earths Investment

Company Overview

IPO Details

Market Trends and Opportunities

Financial Performance

Risks and Considerations

Conclusion

Global Economy Chiefs Fret Over a Trump Return as US Election Draws Closer

MARKETS BET ON TRUMP

EMERGING STRAINS

Source: Reuters

What Is Quantitative Easing

What Is Quantitative Easing?

How Does Quantitative Easing Work?

Quantitative Easing vs. Traditional Monetary Policy

Why Do Central Banks Use Quantitative Easing?

Effects of Quantitative Easing on the Economy

Positive Impacts

Potential Drawbacks

Quantitative Easing During the COVID-19 Pandemic

Is Quantitative Easing Effective?

Conclusion

Risk Disclosure