Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including…
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, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Markets: Gold up $37.21 or 1.4% $2706.61 US 10-year yield 4.414%, -1 point basis points US 2-year yield 4.377%, +220 basis points WTI crude oil up $1.08 or 1.53% $71.19 S&P 500 rose . For the week the index rose 1.52% NASDAQ rose . For the week the index rose 1.62% Russell 2000 rose ….
By Chuck Mikolajczak NEW YORK (Reuters) -The euro slumped to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a record high as it continued its march toward the $100,000 mark. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by…
US-based electronic trading platform Webull is among three companies that settled with the US securities regulator regarding suspicious activity reports that failed to include important and required information. Webull Financial, Lightspeed Financial Services Group, and Paulson Investment Company, LLC, reportedly agreed to pay the regulator a total of $275,000 for submitting suspicious activity reports that…
The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday…
GBP/USD sinks further following poor performances in key UK economic indicators and rising geopolitical concerns. Technical analysis highlights potential for the pair to test significant supports at 1.2445 and possibly the year-to-date low of 1.2299. RSI indicates oversold conditions, suggesting a heavy bearish pressure but not yet at extreme levels. The Pound Sterling extends…
Retail giants Target and Walmart reported earnings this week. The two companies are often lumped into the same category since they are brick-and-mortar retailers. They both generate revenues that are dependent on consumer spending habits. That’s why analyzing their latest earnings reports can be key to understanding the underlying trends shaping up for U.S. consumers…
Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty. Upcoming PCE inflation data will influence Fed policy and market sentiment. Read More: Gold Price Analysis: Is the $2,600 Breakout a Bullish…
Please check our products: https: Briefing Doc: The Black Swan by Nassim Nicholas Taleb Main Themes: The Unpredictability of Black Swan Events: The central theme of the book is the existence and impact of “Black Swan” events – highly improbable occurrences that are unpredictable, carry massive impact, and are often rationalized after the fact. Taleb…