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“I have a $500,000 Roth IRA, a portfolio account of $500,000 and $300,000 in 529 plans.”
The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the 1.1600 figure, paving the way for further upside.Euro ends slightly lower Friday but posts weekly gains, supported by mixed Fed signals and steady Eurozone growthSince Wednesday, the majority of Federal Reserve officials remained hawkish. Regional Fed bank presidents, led by Beth Hammack, Raphael Bostic, Alberto Musalem, Susan Collins, Neel Kashkari and Jeffrey Schmid favored a modestly restrictive monetary policy,On…
Lone Nvidia bear Jay Goldberg shares why he’s still not a buyer of the AI superstock.
Easy trades that pay well How to Identify and Trade a Liquidating Market Easy trades that pay well A liquidating market occurs when traders are focused on exiting positions and not adding new ones. Instead of fresh buying or selling to build positions, the dominant flow consists of participants rushing to get out, creating sharp, often relentless price moves. In today’s environment, this behavior has been especially visible in U.S. equities, including the NASDAQ 100. After reaching record highs fueled by AI enthusiasm, tech-sector strength, and expectations of a December Fed rate cut, sentiment shifted quickly. Concerns about stretched…
Famed investor David Tepper trimmed his stake in Chinese internet giant Alibaba but is still betting big on stocks in the country, a securities filing shows — and snapped up this struggling American company too.
The Eurozone Q3 GDP OverviewEurostat is set to release preliminary Q3 Gross Domestic Product (GDP), seasonally adjusted data, for the Eurozone at 10:00 GMT on Friday.The flash Eurozone GDP is expected to hold steady at 0.2% quarter-over-quarter (QoQ) growth in the third quarter, while annual growth is projected to stay at 1.3% growth for the same period.How could the Eurozone Q3 GDP affect EUR/USD?The EUR/USD pair is expected to continue its winning streak that began on November 5, following the release of Eurozone Q3 GDP data. The Euro (EUR) receives support against its peers as traders expect the European Central…
Nvidia recently disclosed visibility into more than $500 billion in revenue through the end of next year. Plus, its recent lagging stock performance suggests “a lower bar for execution.”
The Japanese Yen (JPY) is trading flat against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of sentiment-driven USD weakness, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. JPY is a relative underperformer in pro risk trade”The JPY’s relative performance is understandable in a risk-on environment, reflecting the yen’s risk profile as a safe haven currency. Fundamental releases have been limited to the release of second-tier PPI, which came in slightly stronger than expected at 2.7% y/y.” “Its translation into implications for the BoJ have been somewhat muddled by lingering and renewed…
Surging demand for Cisco’s AI networking equipment and a ‘multi-billion-dollar’ refresh in its legacy business sparked upbeat results and guidance.
Gold (XAU/USD) rallies sharply past the $4,200 milestone on Wednesday, as US Treasury yields slip and the US Dollar gives back earlier gains. An improvement in risk appetite has not kept the yellow metal from recovering after falling to $3,886 late October, following a record high near $4,400. At the time of writing, XAU/USD gains close to 2%.Bullion surges nearly 2% despite risk-on mood, fueled by weak US data and expectations of a government reopeningThe yellow metal seems poised to extend its gains, even though US equity markets are rallying, contrary to what usually happens with Bullion prices. The high…