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Newsquawk US FX Wrap
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JPM fflips on rates
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Newsquawk US Stock Market Wrap
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Newsquawk US Market Wrap
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Robinhood Markets Inc. Stocks – HOOD
Robinhood HOOD shares surged about 11% on Wednesday afternoon trading after the fintech said it will deepen its reach into prediction markets through a joint venture with Susquehanna International Group to acquire a 90% stake in MIAXdx from Miami International, which will retain a 10%.
The venture will make Robinhood the controlling partner and give it direct access to MIAXdx, a CFTC-licensed contract market, derivatives clearing organization and swap execution facility.
Resistances: 130.25 & 135.55
Weekly Jobless Claims beat (lower claims)
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UK budget… GBP recovering after knee jerk reaction to the early ODR releaqse
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Newsquawk US Pre-Market Movers
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Bitcoin Faces More Downside After Recent Crash, Data Shows
Bitcoin suffered a sudden and deep drop in November, losing nearly a quarter of its value and wiping out over $1 trillion across the crypto market.Whales Trim Positions Before Crash
According to on-chain data from CryptoQuant, large holders played a central role. Wallets holding between 1,000–10,000 BTC pared back their stakes in the weeks leading up to the fall.
Those big sellers took profits after the October rally, and in many cases selling was steady rather than panicked. When large players step back like that, market depth can vanish quickly.
A quick overview of Bitcoin’s price decline shows prices slid from record highs above $126,000 in October to roughly $81,000 at the lowest point, before a partial bounce to $87k was recorded. Traders and funds were caught off guard by the speed of the move.
At the time of writing, Bitcoin was trading at $87,086, up 1.5% in the last 24 hours.
Retail Selling Added To Pressure
Based on reports, small wallets also leaned toward safety. Holders under 10 BTC and groups up to 1,000 BTC reduced positions, removing another layer of potential buyers.
 FX option expiries for 26 November 10am New York cut
The first ones are for EUR/USD near the 1.1600 level. The pair has been trending more choppily since the end of October, keeping above 1.1500 but below its 100-day moving average (now seen at 1.1645). The expiries above could help to place a bit of a magnet on price action for the session ahead. But amid a weaker dollar this week, buyers will stay poised to keep the momentum going with the near-term chart also turning more bullish now.That being said, the Thanksgiving holiday season will begin tomorrow and that may sap out any real market appetite/liquidity for the next two days.
Then, there is one for AUD/USD at the 0.6500 level. The aussie is getting a boost from the stronger monthly CPI data here earlier, quelling expectations for a rate cut. That sees the near-term bias also nudge up to become more bullish again but the expiries could above could keep a lid on things before rolling off later in the day at least.
Another thing to consider is any continuation of the more bullish risk mood, which will act as another tailwind for the aussie in reducing the impact of the expiries in the session ahead.
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