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EUR/GBP Rallies To Levels Near 0.8300 After Disappointing UK Data

EUR/GBP Rallies To Levels Near 0.8300 After Disappointing UK Data

 Image Source: Unsplash   The Euro bounces up from two-year lows with the GBP tumbling after weak UK data. UK GDP contracted for the second consecutive month in November. The diverging forward guidance of the ECB and the BoE has kept the Euro vulnerable. The Euro is rallying for the second consecutive day on Friday and […]
XAUUSD Dips Below $2,670

XAUUSD Dips Below $2,670

XAUUSD dropped under $2,670 after reversing gains US producer prices surged, raising inflation fears Markets still see 25bps Fed cut in December SNB and BoC delivered sharper-than-expected cuts BoJ may hold rates Gold dipped below $2,670 per ounce on Friday, reversing earlier gains and deepening the previous day’s decline amid ongoing uncertainty about the scale of Federal Reserve rate reductions anticipated next year.Precious […]
US Dollar Falls Flat, Possible Sixth Straight Trading Day With Gains

US Dollar Falls Flat, Possible Sixth Straight Trading Day With Gains

The US Dollar sprinted higher in early trading on Friday for a sixth consecutive trading session.  The Greenback is favored after the European Central Bank rate cut on Thursday, China’s promise of monetary easing and hot US producer inflation data.  The US Dollar Index (DXY) trades above 107.00 for the first time since November 26.  The […]
Tensions Over Silver And Resumption Of Physical Gold Purchases

Tensions Over Silver And Resumption Of Physical Gold Purchases

This week, Cyrille Jubert published an excellent article on the explosive silver situation. The silver chart pattern is reminiscent of that seen at the end of 2010: The gold/silver ratio remains historically high, suggesting a relative undervaluation of silver: A return to the historical average (67) could quickly propel the price of silver to $40 an ounce.Tensions in the physical silver market […]
Broadcom’s AI Revenue Soars 220% To $12.2B Amid Growing Demand

Broadcom’s AI Revenue Soars 220% To $12.2B Amid Growing Demand

Image Source: Unsplash  Broadcom (Nasdaq: AVGO) reported a remarkable surge in artificial intelligence revenue, marking a 220% increase over the past year as it published its fourth-quarter earnings results. This substantial growth has propelled the company’s AI revenue to $12.2 billion, highlighting its successful adaptation to the rising demand within the sector.The expanding infrastructure needs of generative AI […]
Polish Inflation Shows Limited Room For Easing In 2025

Polish Inflation Shows Limited Room For Easing In 2025

Image Source: Pexels  CPI inflation eased to 4.7% YoY in November, mainly on a statistical basis, while services and core inflation increased. The coming months should also bring a higher headline rate, peaking in March 2025. A decline later in 2025 should provide room for 75-100bp of rate cuts in 2025. The economy needs lower rates, but sticky core calls […]
Japan’s Tankan Was Uninspiring And UK Disappoints With Contracting Economy In October

Japan’s Tankan Was Uninspiring And UK Disappoints With Contracting Economy In October

Image Source: Unsplash  Overview: The US dollar is mixed against the G10 and emerging market currencies to finish out the week. Among the G10, sterling and the yen are the heaviest. Japan’s Tankan survey was unimpressive and does nothing to reanimate speculation of a BOJ rate hike next week. Sterling has been dragged down by unexpected news […]
Nasdaq Futures Rise On Broadcom’s AI Surge, While Markets Weigh Inflation Data And Fed Rate Cut Outlook

Nasdaq Futures Rise On Broadcom’s AI Surge, While Markets Weigh Inflation Data And Fed Rate Cut Outlook

A 220% increase in AI-related revenue and robust guidance propelled Broadcom shares by 15%, signaling continued optimism in AI-driven sectors. This positions the Nasdaq 100 for a strong rebound, underscoring the resilience of select tech stocks amid broader market pressures.The 18% rally in RH shares highlights confidence in the luxury home furnishings market, driven by […]
The SNB Unexpectedly Cut The Interest Rate By 0.5%

The SNB Unexpectedly Cut The Interest Rate By 0.5%

Image Source: Pixabay  The Dow Jones Industrial Average (US30) was down 0.53% on Thursday. The S&P 500 Index (US500) decreased by 0.54%. The Nasdaq Technology Index (US100) fell by 0.68%. The losses came amid signs of stagflation after US weekly jobless claims unexpectedly rose to an 8-week high, and November Producer Prices rose faster than expected, […]
Swiss Central Bank Sent A Massive Warning To The World

Swiss Central Bank Sent A Massive Warning To The World

Image source: Pixabay  Swiss shock – again. Now fearing outright deflation over the next six months, SNB pulls the trigger on a fifty. Back in March, amidst the “sticky” “inflation” freakout, when the SNB was the first central bank to begin cutting rates it was a warning to other central bankers and the rest of the […]