Nomura anticipates that the Fed will respond cautiously to a Trump administration focused on tariffs and tax policies, which could be inflationary and growth-dampening. The Fed is expected to make two more cuts this year, with only one cut in 2025, followed by a pause...
Is AMD stock a buy or sell?
Is AMD stock a buy or sell? key technical analysis and forecast supporting to sell it 🔍When it comes to deciding whether AMD stock is a buy or sell, recent price action and technical indicators offer valuable insights. Currently, AMD (Advanced Micro Devices) is...
McConnell wants to see Trump tax cuts extended
Mitch McConnell was asked about Trump tax cuts and said “I’m sure virtually all of us would like to see most of that extended”.McConnell also called for increasing defense spending. It all adds up to some big deficits.It's not clear who will be the new Senate majority...
NZDUSD bounces off swing level support at 0.5912. The 100/200 hour MA at 0.5975 eyed above
The NZDUSD moved higher into the Election Day, but found willing sellers near the 100 bar MA on the 4-hour chart. As the election results started to come in, the buyers turned to sellers. ON the way lower, the price fell below the 100/200 hour MAs near 0.5975 and fell...
At the close: European equities start off the Trump era 2.0 in the red
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Goldman maintains 12 month S&P target at 6300.
Goldman Sachs is saying that they keep its 12 month target for the S&P at 6300. The high price today reached 5907. A move to the target would imply a gain of 5.08% from the high price today.Goldman says that downside risks are the prospect of a trade conflict. On...
AUDUSD falls to lowest level since early August but bounces higher
The AUDUSD fell ahead of the election results and in the process moved to the lowest level since August 8 at 0.6506 and bounced. The subsequent move higher taken the price toward the midpoint of the day's trading range. The price has also moved back toward the...
EIA weekly US crude oil inventories +2149K vs +1103K expected
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Harris to deliver concession speech at 6 pm ET
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Republicans extend lead in the House
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USDCAD moved up to test the highs for the year
The USDCAD has erased the declines from this week after the break to new 2024 highs on Friday failed. The low price yesterday and into today stalled just ahead of a support target at 1.3813 (the low reached 1.3817). The election results started the run back to the...
Canada October Ivey PMI 52.0 vs 53.1 prior
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ECB’s De Guindos: The disinflation process is well underway
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The Russell 2000 is the most-interest spot in equities today, with futures up 6%
Russell 2000 dailyThere are three reasons why the Russell 2000 is the big winner and why that should last:1) It's bank heavyA big part of the Russell is banks and regional banks. The regulatory environment is going to improve markedly and we're seeing a steeper yield...
Donald Trump Claims Victory – What Comes Next
Following his win in Pennsylvania and earlier victories in other key battleground states in Georgia and North Carolina, Republican candidate Donald Trump took to the stage shortly after in Palm Beach, Florida. Trump is set to become the 47th President of the United...
The early rally in the German DAX is gone
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Lagarde wants bigger banks
Lagarde in Frankfurt:Celebrating 10 years of Single Supervisory Mechanism (SSM)Bank capital ratios improved significantly: CET1 up from 12.7% (2015) to 15.8% (mid-2024)Euro area needs more banking consolidation - only 2 euro area banks rank in global top 10Banks need...
It’s the dawn of a new era
AI imageTrump is back and it looks like Republicans are back in Congressional control.The last time we had this slate, Republicans cut corporate taxes and I expect that will be the case again. The big change is that this time, the US is already running a 7% deficit of...
What to keep an eye out for now in the race for control of the House?
It all comes down to this now in determining whether or not we will see a red sweep in the election. The latest NYT projection has Republicans at 197 seats and Democrats at 177 seats. Remember, the magic number is 218 seats for a majority for the House. So, what has...
Technical levels following the Trump victory/the GOP run
Pres. Trump blazed through the Presidential election and a new era begins. With control of the Senate and the House still up but leaning to the GOP too, the door is wide open for the administration for deregulation, smaller government, lower taxes. The theme is to...