The British Pound (GBP) trades on the back foot against the Japanese Yen (JPY) on Friday after the Pound weakened broadly following a Financial Times report that Prime Minister Keir Starmer and Chancellor Rachel Reeves have abandoned plans to raise income-tax rates ahead of the November 26 budget. At the time of writing, GBP/JPY is trading around 203.00, down…
The U.S. stock market kicks off the week with notable declines in the technology sector. Tech giants have led the market with broad losses, overshadowing performance across other sectors. Dive into today’s heatmap analysis for detailed insights! 🔍 Sector Overview Technology: A wave of red dominates the tech sector with Nvidia (NVDA) dropping 2.71% and Advanced Micro Devices (AMD)…
EUR/CAD trades with minimal movement on Friday, holding near 1.6310 at the time of writing, as investors assess the impact of a more cautious tone from the European Central Bank (ECB). The Euro (EUR) receives moderate support after comments from several policymakers, who reinforced the view that monetary policy should remain unchanged as long as economic conditions do not…
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 invest money that you…
S&P 500 trend change it was, as per yesterday‘s title and short calls bringing great profits to all clients, swing and intraday. The veracity of the push lower clearly says market wasn‘t ready for that turn, yet at the same time, there was no panic, and the selling was orderly. VIX – was this a spike to speak of,…
The UK Labour government ditched plans to raise income tax after spending weeks laying the groundwork for the move. The problem is that it puts a hole in the government budget. Now there is some spin that they got a better fiscal forecast from the OBR but the bond market isn’t seeing the same thing. It’s seeing an indebted…
Colombia Retail Sales (YoY) increased to 14.4% in September from previous 12.4%
What a comeback. It’s taken barely over an hour to erase the big opening losses. The trigger seems to be that the S&P 500 held last week’s lows. Notably, the chances of a Fed cut in December have worsened in the past day, now down to just 46%. This article was written by Adam Button at investinglive.com.
Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid spoke about the economic outlook and monetary policy at the Joint Energy Conference hosted by the Federal Reserve Banks of Dallas and Kansas City, in Denver on Friday. He said that monetary policy should lean against demand growth and that there is no room for complacency on inflation expectations….
The last time I was writing about David Tepper was 14 months ago when he was on CNBC and talking about loading up on China stocks. That proved to be a very good trade with shares putting in huge gains in one of the best trades of the year. He was already a hedge fund legend before that and…
