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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...
A light US economic calendar gives the market a chance to digest it all
The US economic calendar is bare today aside from weekly oil inventory data. That will give markets a chance to trade around the election results. Eyes continue to be on House races, as it currently looks like Republicans will have a 2-seat majority, though there are...
Goldman Sachs lowers euro area 2025 GDP growth forecast to 0.8% from 1.1% previously
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EUR/USD extends fall, poised for biggest daily decline since 2016
EUR/USD daily chartThe drop today brings the pair down to its lowest levels since June, with the daily decline itself set to even eclipse that seen in March 2020. The over 2% drop now is going to be the worst daily decline for EUR/USD since June 2016 amid the Brexit...
ForexLive European FX news wrap: Dollar soars as Trump wins US presidential election
US election:Headlines:Markets:USD leads, EUR lags on the dayEuropean equities higher; S&P 500 futures up 2.1%US 10-year yields up 18 bps to 4.46%Gold down 1.6% to $2,700.79WTI crude down 1.4% to $70.98Bitcoin up 7.7% to $74,467Donald Trump has been elected the...
Octa Broker Explains Early Market Reaction Following Trump Victory
What we know so farAs of 7:00 a.m. UTC, most data providers, including ABC, CBS, NBC, and CNN, projected that Donald Trump would become the next president of the United States. However, even as Trump’s victory looks almost guaranteed at this point, it is the balance...
US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior
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Treasury yields nudge towards the highs for the day as Trump confirmed as election winner
US Treasury 10-year yields (%) daily chartThat is the highest level in four months and carries on from the surging run since October. And this is in part fueling the dollar gains on the day with EUR/USD now down nearly 2% at 1.0715 and USD/JPY up 1.7% to 154.15...
The calls are officially out now, Trump has won the US presidential election
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Gold Technical Analysis – Is this the beginning of a bigger pullback?
Fundamental OverviewGold is trading lower today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bearish scenario for gold in the short-term as it would make the tax cuts...
Eurozone September PPI -0.6% vs -0.6% m/m expected
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The race for control of the House is playing out accordingly for the most part thus far
The NYT projection has Republicans with 194 seats and Democrats with 173 seats at the moment. And among the key 'competitive' districts here, there are still 45 left to officially report. That said, some of the votes are likely to be called imminently. So, let's take...