Bank of America sees dollar weakness ahead as bearish signals persist

Bank of America sees dollar weakness ahead as bearish signals persist
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Bank of America sees dollar weakness ahead as bearish signals persist
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The currencies of Mexico (USD/MXN), Canada (USD/CAD) and China (USD/CNH) are under pressure on Tuesday morning after President-elect Trump signaled readiness to use tariffs to secure tighter US borders and reduce Fentanyl inflows from China. Whilst the move can be seen as a negotiating tactic before he takes office on 20 January, it is risky…
It has been announced that a meeting between the Presidents of the United States and Russia will take place this week. Donald Trump and Vladimir Putin are expected to meet in Alaska. This will mark the first face-to-face talks between the leaders of the two major powers since 2021, when Putin met with Biden in…
Hello everyone! In today’s article, we’ll examine the recent performance of NVIDIA Corp. ($NVDA) through the lens of Elliott Wave Theory. We’ll review how the decline from the January 07, 2025, high unfolded as a 7-swing correction (WXY) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 7 Swing WXY…
Crude oil futures are settling at $58.95. That’s up $0.31 or 0.53%. The high price reached $59.64. The low price was at $58.37. The EIA weekly inventory data showed larger than expected builds: Crude oil 0.574 million versus -0.821 million estimate. Distillates +2.059 million versus +0.707 million estimate. Gasoline 4.518 million versus 1.468 million estimate….
Euronext said it has received regulatory approval to launch its voluntary exchange offer to acquire all common registered shares of Hellenic Exchanges–ATHEX Stock Exchange (ATHEX). The acceptance period opens on 6 October and will run until 17 November 2025. The offer marks what Euronext described as a “significant step towards a more integrated and competitive…
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