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- 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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✨ You’re not alone—join #GateNewbieVillage# today! - 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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BNP Paribas: EUR/USD has long-term upside potential and is expected to end the year at 1.15
Throughout 2023, the euro has failed to maintain above 1.10 against the dollar several times, and it has not reached this level so far in 2024, but BNP Paribas believes that the euro has the potential to rise in the long run. Ethan Gumani, the bank's G10 FX strategist, said in a note: "Looking ahead, we think this resistance (1.10) is more likely to be breached, and we expect EUR/USD to end the year at 1.15." He said the market was overly pessimistic about eurozone growth and overpriced in the Central Bank's rate cuts.