Update on MOVE Index

The uncertainty around the election has finally been lifted, and the MOVE Index dropped significantly after the very first day.

You can clearly see the MOVE is way out of its range on this chart, a correction is due.

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While the DXY remains high, FED's 25bp rate cut decision today may be the catalyst that drives it down. Our models are hinting at weakness as well.

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At the same time, Bitcoin is showing clear strength even though liquidity is not the primary driver behind it right now.

Lower MOVE and DXY levels are strong indicators of positive conditions for risk assets.

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Additionally, Global Liquidity model is showing signs of an early upward trend.

It seems the bull market is about to gift market participants an early Christmas gift.

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Will expand more on this once we get new data points on Monday