Bitcoin Price Trades Above $81,500 as Fed Keeps Rates Steady in Split Vote
The main theme this morning is a Federal Reserve that held rates but did not speak with one voice, and markets are still working through what that means. The Fed kept rates at 3.75 to 4 percent in a ten to two vote, and Bitcoin traded above 81,500 dollars. Currency markets moved sharply after Chair Kevin Warsh spoke, and we will look at those moves next.
The Australian dollar jumped half a percent against the US dollar on Wednesday, reaching a one month high. The move came after Warsh's press conference, even though he stressed points that might otherwise support the dollar. The weaker US dollar set the tone for the pair.
The Canadian dollar also gained, and the move was fast. The US dollar against the Canadian dollar fell from the top of its range after the Bank of Canada decision to just above 1.4000 within a handful of five minute bars as Warsh spoke. That level marked the session low for the pair.
On the corporate side, Microsoft stood out. The stock rose 4 percent after earnings and revenue beat expectations. Azure revenue grew 48 percent, and cloud growth was the main driver behind the results.
Chip maker SK Hynix also reported a record quarter. Quarterly revenue passed 100 trillion won for the first time. The company said memory demand will outrun supply through 2030, with DRAM and high bandwidth memory sold out through 2029.
In energy, US natural gas production is set to close a second straight year at record highs, as producers respond to demand at home and abroad. Demand from data centers is cited as one driver. Elsewhere, PetroChina's third quarter profit rose 21.6 percent on war inflated oil and gas prices, even as nine month crude output, refinery runs and domestic diesel sales all declined. Ford reported mixed third quarter results, beating estimates on earnings but slightly missing on revenue, and said 2027 earnings should be in line with this year.
How many stories mention each market, and how many read bullish or bearish.
U.S. Natural Gas Production Hits New Records as Demand Surges. U.S. natural gas production is on track to close a second consecutive year with record-high natural gas output as producers respond to demand signs both at.
The issue centers on a deal with Scilex, under which Scilex agreed to buy shares of Datavault AI for $150 million, payable in bitcoin.
Macro & Markets: 10 selected of 39
Oil Refineries Become Prime Targets as Global Fuel Shortage Worsens. Ten years ago, European countries were closing refineries while Gulf oil states were building new ones.
Stocks & Earnings: 10 selected of 19
Microsoft stock jumps 4% as cloud growth drives earnings and revenue beat. Microsoft reported better-than-expected results driven by 48% growth in Azure revenue.
Chip Maker SK Hynix Posts Record Quarter as AI Memory Demand Overwhelms Supply. SK Hynix's quarterly revenue topped 100 trillion won for the first time, and the chipmaker says memory demand will outrun supply through 2030, with DRAM and.
Analysts & Research: 10 selected of 30
Natural Gas Price Forecast: Double Top Threatens Recovery Toward $3.15. Natural gas faces resistance near $3.09 and support at $2.96, with a potential double top shaping the outlook as traders await a decisive breakout or breakdown.
Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.
