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Will The Fed Kill The Trump Trade?

Will The Fed Kill The Trump Trade?

Futures point to the post-election rally continuing when US equity markets open later this morning. While the final tally for the House has yet to be determined, the results thus far point to a red sweep in Washington. After jumping yesterday back to levels last seen in early July, ahead of the Fed’s latest monetary […]
Elliott Wave Technical Analysis: Deere & Co. – Thursday, Nov. 7

Elliott Wave Technical Analysis: Deere & Co. – Thursday, Nov. 7

DE Elliott Wave Analysis Trading LoungeDeere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 2 of (5).DIRECTION: Bottom in wave 2.DETAILS: We are looking at a bottom in wave (4) in place at around 330$, with a correction that has lasted a couple of years. As we broke above 400$, we could see […]
Oil Prices Fall Amid Rising Stocks, Weak China Imports; Market Uncertain Over Impact Of Trump’s Win

Oil Prices Fall Amid Rising Stocks, Weak China Imports; Market Uncertain Over Impact Of Trump’s Win

 Photo by Timothy Newman on Unsplash   Oil prices gave up gains and fell as rising inventories in the US and weak October China imports weighed. The oil market remains cautious about Trump’s victory as his policies could pressurise prices in long term. In Gulf of Mexico, Hurricane Rafael has already prompted shutdown of 304,000 barrels per day […]
Gold Price Analysis: Gold Continues To Decline After US Elections

Gold Price Analysis: Gold Continues To Decline After US Elections

Gold price plunged below $2,655 per ounce on Wednesday, retreating from a 30-October record high of $2,758 per ounce as Donald Trump’s victory in the US presidential election boosted the dollar and prompted investors to unload safe-haven positions in gold. The presidential race was less competitive than expected, and its outcome is not expected to […]
US Dollar Retreats From Post-Election Rally As Markets Turn To Federal Reserve Decision

US Dollar Retreats From Post-Election Rally As Markets Turn To Federal Reserve Decision

The US Dollar pares some gains on Thursday with markets focusing on the Fed rate decision.  Although Fed Chairman Powell is expected not to answer questions on politics, markets will be eager to see his reaction to what the Trump presidency means for the Fed.  The US Dollar index heads into 104-territory after failing to […]
USD/CHF Price Prediction: Potential Bull Flag Pattern Forming

USD/CHF Price Prediction: Potential Bull Flag Pattern Forming

USD/CHF might be developing a Bull Flag continuation pattern.  This suggests there will be an extension of the uptrend to upside targets higher.  USD/CHF – which looked as if it might be reversing trend and starting a new short-term downtrend at the start of the week – suddenly turned on a dime and spiked higher […]
Bank Of England Cuts Rates And Downplays Budget Impact

Bank Of England Cuts Rates And Downplays Budget Impact

Image Source: Pexels  Despite big spending increases in last week’s UK budget, the Bank of England has signalled that it’s not a game changer for future interest rate cuts. We think the Bank will keep rates on hold in December but accelerate the pace of cuts from February onwards.  Don’t read much into the BoE’s latest […]
Bank of England cuts interest rates to 4.75% as UK inflation falls below target

Bank of England cuts interest rates to 4.75% as UK inflation falls below target

Key Takeaways The Bank of England decided to cut interest rates by 25 basis points during its monetary policy meeting today. The reduction is the second rate cut this year following a previous cut in August. Share this article The Bank of England (BoE) lowered its key interest rates to 4.75% from 5% on November […]
Duke Energy Reports $8.15B In Revenue For Third Quarter, $1.62 EPS

Duke Energy Reports $8.15B In Revenue For Third Quarter, $1.62 EPS

Image Source: Unsplash  Duke Energy (NYSE: DUK) reported its financial results for the third quarter of 2024, showcasing a mixed performance. The company’s reported earnings per share (EPS) was $1.60, slightly below the $1.62 adjusted EPS. This marks a decrease from the third quarter of 2023, where the adjusted EPS was $1.94. The adjusted EPS figures excluded certain costs like […]
Serenity Now

Serenity Now

Image Source: Unsplash  Overview:  The markets are calmer after yesterday’s post-US election drama. A consolidative tone has emerged in the foreign exchange market, and the dollar is softer against all the G10 currencies, led the 1% gain in the Norwegian krone, after the central bank left rates on hold. Sweden’s Riksbank delivered the expected half-point cut […]