• bitcoinBitcoin (BTC) $ 102,022.00
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  • tetherTether (USDT) $ 0.999832
  • xrpXRP (XRP) $ 2.41
  • bnbBNB (BNB) $ 956.13
  • solanaWrapped SOL (SOL) $ 152.77
  • usd-coinUSDC (USDC) $ 0.999708
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USD: Thanksgiving focuses the minds – ING

Developments over the weekend hint at a path to ending the US government shutdown. It seems the prospect of massive flight delays around Thanksgiving and the delay in food aid payments has prompted a group of moderate Democrats to back a proposed compromise bill in the Senate.

🔗 Source

💡 DMK Insight

The potential end to the US government shutdown could shift market sentiment significantly. Traders should keep an eye on how this political maneuvering impacts consumer confidence and spending, especially as we approach the holiday season. If the compromise bill passes, it might alleviate concerns over economic slowdown, which could lead to a rally in consumer-driven sectors. Look for movements in the S&P 500 and related ETFs, as they often react to fiscal policy changes. However, there’s a flip side: if the bill fails, we could see increased volatility and a flight to safety in assets like gold or US Treasuries. Keep an eye on key economic indicators like retail sales and consumer sentiment reports in the coming weeks, as they could provide further insights into the market’s direction.

📮 Takeaway

Watch for the Senate’s compromise bill vote; a successful passage could boost consumer stocks, while failure may trigger volatility in safe-haven assets.

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