Fed’s Schmid: Dissented against rate cut because of continued momentum in economyFed’s Bostic:Eventually got behind the cut this week.Fed’s Hammack says would not have cutFed’s Logan (voter in 2026) says she would have preferred to hold ratesCanada August GDP -0.3% vs 0.0% expectedTrump told Xi: Chip sales are “between you and Nvidia”Warren Buffett will release a letter to shareholders on November 10Why the Fed’s Schmid is right to cite financial conditions as a reason to pause rate cutsTrump set to authorize strikes inside Venezuela on military targetsNovember market seasonals: Simply the bestMarkets:Gold down $27 to $3995US 10-year yields flat at 4.09%WTI crude oil up 32-cents to $60.89S&P 500 up 0.3%JPY leads, CHF lagsThe stock market had a few tricks on Halloween as strong early gains were snuffed out and stocks fell into negative territory in the US afternoon. But the dip buyers stepped in with bids and that led to a decent finish. Amazon led the way with a nearly 10% gain.In FX, the US dollar was generally stronger and the euro slid. ECB policymakers continued to highlight a shift to the sidelines so it was mostly just he ebb and flow but it was a decent move down to 1.1530 from 1.1570 in late trading.Cable also fell to touch the lowest since April at 1.3098 but it firmed from there to 1.3040, which was narrowly above the May and July lows. It’s an interesting chart to watch as UK budget angst continues to rise. There was more talk of curbing tax breaks late on Friday.Gold was slammed midway through the session as a good gain to $4045 reversed in a fall to a low of $3974. Dip buyers were there tough and we’re wrapping up the week very close to $4000.Bitcoin fared better as it tacked on 2% to $109,631.On net, there wasn’t much in the way of market moving news. Oil rose on the Venezuela talk but Trump personally denied it. That’s going to be an angle to watch but Venezuela is no longer a major crude producer.
This article was written by Adam Button at investinglive.com.
💡 DMK Insight
The Fed’s mixed signals on rate cuts are shaking up market sentiment, and here’s why that matters for traders: With ADA currently at $0.61, the uncertainty around interest rates could influence crypto and forex markets significantly. The dissent among Fed officials indicates a split in policy direction, which can lead to increased volatility. Traders should keep an eye on how these comments affect the dollar’s strength against ADA and other altcoins. If the Fed leans towards maintaining higher rates, it could strengthen the dollar, putting downward pressure on crypto prices. Conversely, if the market interprets these comments as dovish, we might see a short-term rally in ADA. Watch for key resistance levels around $0.65 and support at $0.58. The upcoming economic data releases will be crucial in shaping market expectations, so stay alert for any shifts in sentiment. Here’s the thing: while mainstream coverage focuses on the Fed’s decisions, the real impact will come from how traders react to these mixed signals. Keep an eye on institutional movements as they could signal larger trends in the market.
📮 Takeaway
Monitor ADA’s price action around $0.65 resistance and $0.58 support as Fed comments drive volatility in the crypto market.






