MONEY MASTER

Bitcoin has seen a sharp decline, falling  7.3% in 24 hours  to  $94,976 , according to CoinDesk data, after briefly hitting record highs earlier this week. The drop comes as the Federal Reserve’s hawkish tone on future rate cuts spooked markets. Key Drivers Behind Bitcoin's Slide Fed’s Rate Signals:  The Federal Reserve announced fewer anticipated interest rate cuts for 2025, dampening market sentiment across equities and cryptocurrencies. Broader Market Pullback:  Bitcoin's decline follows the S&P 500's  2.95% drop  on Wednesday, its worst Fed decision-day performance in nearly 15 years. Upcoming PCE Inflation Data:  The Personal Consumption Expenditures (PCE) report, a key inflation measure, is expected to further shape expectations for rate cuts and could impact crypto prices. Market Sentiment Cyclical Nature:  Analysts view Bitcoin's pullback near the  $100K psychological level  as part of its natural cycles, where indecisi...

The  ringgit  is forecast to remain under pressure against the  US dollar  in the near term, driven by the  Federal Reserve’s less dovish monetary stance , according to  Kenanga Research . Key Projections Exchange Rate:  The ringgit is expected to stay above  4.50 against the US dollar  going into 2025. Recent Performance:  The ringgit, which had gained 15% against the dollar between January and September, has since retreated amid the strength of the US economy. It last traded at  4.5060 , up  1.88% year-to-date . Factors Influencing the Ringgit US Economic Strength:  Strong domestic demand and inflationary pressures are propping up the dollar. Fed’s Monetary Policy:  The Fed’s cautious approach to rate cuts bolsters the dollar’s appeal, with markets anticipating only one rate cut in 2025. Trump’s Policies:  Uncertainty around policies under the incoming US administration may lead the Fed to delay cuts further. O...

Following the Federal Reserve's hawkish tone earlier this week, Wall Street faces a new challenge on Friday: the largest  'Triple Witching Day'  in history, with  $6.5 trillion  worth of options tied to individual stocks, indexes, and ETFs set to expire. What is Triple Witching? The term refers to the simultaneous expiration of: Stock options Stock index options Stock index futures This quarterly event is known for  spiking trading volumes  and creating sudden price swings as traders roll over their positions or establish new ones. Historical Context and Market Impact December's Triple Witching:  Historically, this is the most favorable for U.S. stocks. The  S&P 500  has a  66% probability  of rising in the week after December’s Triple Witching, averaging a return of  0.64% . The "Santa Claus Rally":  This week marks the start of the rally, when investors traditionally go long, driving stock gains. Why This Year is Uni...