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Gold is getting beaten up on Trump’s win but eye the pick for Treasury Secretary
John PaulsonGold is down $78 today to $2666 on the combination of higher Treasure yields and a stronger US dollar following the election. There is also some element of 'sell the fact' and relief that we don't have a contested, uncertain result.It's a 2.8% daily drop...
The US treasury auctions off $25B of 30 year bonds at a high yield of 4.608%
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
US treasury to auction $25B of 30 year bonds testing the buyers appetite
The US treasury will auction off $25B of the "grand-daddy of them all" coupon issue - the 30 year bond. That comes the day after the US political enviroment and economic environment changed with the election of Pres. Trump and the winning of the Senate and most likely...
EURUSD moves down toward triple bottom in June and bounces. Sellers still in control.
The EURUSD moved higher before the results of the election started to trickle in. The price moved up to test the 100-day MA and the 38.2% of the move down from the September high. The price moved lower as results came in, first breaking below the 200-day MA at 1.08687...
Nomura now sees just one Fed rate cut in 2025 after Trump win
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
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
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
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Harris to deliver concession speech at 6 pm ET
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Republicans extend lead in the House
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
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
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB’s De Guindos: The disinflation process is well underway
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
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...