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Corrective Forces Help The Dollar Stabilize

Corrective Forces Help The Dollar Stabilize

Image Source: Pexels  Overview: Corrective forces helped the dollar stabilize yesterday and it enjoys a firmer today. The euro has slipped below $1.09, and the dollar has resurfaced above JPY149.00. The FOMC minutes seem dated by the more than 30 bp decline in the US 10-year yield, the 7% rally in the S&P 500, and roughly 3% […]
Going For Gold?

Going For Gold?

Image Source: Pixabay  When the US dollar falls and real yields drop too, that tends to be a great environment for gold buying. The last few weeks have seen significant falls in the dollar on expectations that the Federal Reserve has reached the peak in interest rates. A stretched dollar-long position and a strong bid coming […]
Why Nvidia Dipped Despite Blockbuster Q3 Earnings

Why Nvidia Dipped Despite Blockbuster Q3 Earnings

Nvidia’s shares were in the red in Wednesday’s premarket despite a blockbuster Q3 2024 report.Shares of Nvidia (NVDA) fell slightly in the premarket trading Wednesday despite a robust Q3 report and upbeat revenue guidance for the fourth quarter. The lack of upside could be attributed to several factors, most notably the anticipated negative impact of chip export […]
Asian Stock: Tianrun Industry Technology

Asian Stock: Tianrun Industry Technology

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Tianrun Industry Technology Company LimitedBloomberg ticker: 002283 SZMarket cap: US$1,074mBackground: Tianrun Industry Technology Company Limited’s main products are engine crankshafts used in heavy-duty vehicles and light trucks.  World Class Benchmarking of Tianrun Industry Technology Profitable Growth rank […]
GBP/USD Analysis: Waiting For Autumn Forecast Statement

GBP/USD Analysis: Waiting For Autumn Forecast Statement

Ahead of the announcement of the Autumn Statement by the British government, which is expected to impact the gains of the GBP/USD today. Recently, the currency pair moved towards the resistance level of 1.2560, the highest in two and a half months. Also, its gains primarily came amid a weakened US Dollar against other major […]
Market To Thin Out For Remainder Of Week

Market To Thin Out For Remainder Of Week

Image Source: Unsplash  We’ve been warning that the market has once again gotten ahead of itself after pricing in a Fed policy reversal after last week’s round of softer inflation data out of the US. Yesterday’s Fed Minutes backed this up, with the central bank showing no such willingness to reverse policy.Video Length: 00:01:20More By This […]
Crude Oil Forecast: Looks For Upside

Crude Oil Forecast: Looks For Upside

With the Thanksgiving holiday looming on Thursday, the latter part of the week is expected to see diminished liquidity. The landscape in crude oil markets remained relatively subdued during the early hours of Tuesday, as the market continued to assimilate the gains from the preceding two trading sessions. After all, the markets need to digest all of this […]
Two Trades To Watch: GBP/USD, FTSE 100

Two Trades To Watch: GBP/USD, FTSE 100

Image Source: Unsplash  GBP/USD slips ahead of the Autumn statement  GBPUSD eases from 2.5-month high  Autumn Statement watched for inflationary measures  USD selloff steadies after FOMC minutes  GBP/USD is edging lower after reaching a 2 1/2-month high earlier in the week. The US dollar sell-off has steadied following the release of the FOMC minutes, and investors […]
USD/CAD Price Analysis: Loonie Loses Strength As Inflation Dips

USD/CAD Price Analysis: Loonie Loses Strength As Inflation Dips

Wednesday’s USD/CAD price analysis painted a bullish picture, influenced by data on Tuesday revealing a decrease in Canada’s inflation. Moreover, investors were absorbing minutes from the recent Federal Reserve meeting. In October, Canada’s annual inflation rate dropped more than anticipated to 3.1%. Meanwhile, core inflation measures reached their lowest points in approximately two years. Simon Harvey […]
FOMO Turning To Regret For The Majority Of Households

FOMO Turning To Regret For The Majority Of Households

Image Source: Pexels  As we head into the most-harangued shopping weeks of the year, it is important to understand that spending patterns are strongly tied to the value of homes, particularly among the so-called upper-middle-class households (defined as income over 100k).Now that interest rates have normalized and home prices are falling, even those still fully employed are pulling […]