Israel strikes on Iran don’t look designed to minimize the chance of retaliation

Weeks of speculating about how Israel would respond to Iran’s attacks had markets worried about strikes on energy infrastructure or something that would spark a broader war. Instead, the attacks look to be measured and US President Biden immediately called for a halt to escalation. Reports from Iran say the attacks caused only limited damage and Supreme Leader Ayatollah…

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Australian Dollar recedes despite hawkish RBA , US mid-tier data

AUD/USD continues trading close to dangerous levels near 0.6600. Aussie Dollar could benefit from the hawkish tone surrounding the RBA. The USD saw some gains due to strong sentiment data from the University of Michigan. The AUD/USD declined by 0.21% to 0.6620 in Friday’s session despite the Reserve Bank of Australia’s (RBA) hawkish policy outlook. The decline was primarily…

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Nvidia is once again the world’s most-valuable company

Jensen Huang Shares of Nvidia are up 2.4% today while Apple has gained 0.7%. That’s enough to nudge Nvidia past Apple and re-claim the throne as the world’s most-valuable company, a title it briefly held earlier this year. What NVDA hasn’t been able to do is sustainably hold above the June high of 143 but it’s trying to do…

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Weekly Market Outlook (28-01 November)

UPCOMING EVENTS: Tuesday: Japan Unemployment Rate, US Job Openings, US Consumer Confidence. Wednesday: UK Budget, Australia Q3 CPI, Germany CPI, Eurozone Q3 GDP, US ADP, US Q3 GDP. Thursday: Japan Industrial Production and Retail Sales, Australia Retail Sales, China PMIs, BoJ Policy Decision, Switzerland Retail Sales, French CPI, Eurozone Flash CPI, Eurozone Unemployment Rate, Canada GDP, US PCE, US…

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