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Month: June 2024
BlackBull Markkets: What FX pair are you watching with this week’s European Central Bank interest rate decision due?
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Two years have passed and only now investor home purchases jump for the first time. What does it mean for buyers?
submitted by /u/Aftermebuddy [link] [comments]
Pepperstone: US equities trade to session highs, S&P and Nasdaq now both back into positive territory on the day…latest upside seems largely by virtue of a pop higher in NVDA, driven by a tweet from Elon Musk that TSLA will spend $3-4bln on NVDA purchases this year
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Is the US stock market overvalued?
The US stock market capitalization to GDP ratio is at an impressive 187%. Although it still remains below the record of 199% in 2021, the 40% growth rate in just two years makes us cautious. Nominally, the total capitalization of the US stock market is approaching its all-time high of $53 trillion, which underscores the presence of the US market at the forefront of growth compared to other countries’ markets. For comparison, the ratio of global stock market capitalization to GDP (excluding the US) is only 61%. Another illustrative ratio is the gold price to the S&P 500 index, which currently stands at 0.45. This contrasts sharply with the ratio of 1.69 during the debt ceiling crisis in August 2011 and the staggering ratio of 2.75 in August 1979, when Paul Volcker became Fed chairman during the stagflation crisis. Gold would be worth more than $14,000 an ounce if today’s ratio were the same as in 1979. Do you think we should expect a crisis in the next 5 years? https://preview.redd.it/tk12xbdbal4d1.png?width=1280&format=png&auto=webp&s=e586b2e3bf5f850cb6067213a754e73a90797e32 submitted by /u/dll_crypto [link] [comments]
They don’t like to see the little guys winning
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Chris Weston: 🇯🇵 A solid rally in the JPY across the board – USDJPY now 154.83
BoJ talking about a near-term bond purchase slowdown US data is showing signs of cooling and the exceptionalism story is debated (a USD negative) the market is very short of JPY, notably as its role as the funder for carry positions https://preview.redd.it/1luopv6qgj4d1.png?width=680&format=png&auto=webp&s=da0cfda70c534ba2f2db61096d277fb338831e91 submitted by /u/XGramatik [link] [comments]
BOJ IS SAID TO MULL REDUCING BOND BUYS AS EARLY AS JUNE MEETING
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INDIA’S NIFTY INDEX DROPS 5% AS LEADS SHOW SLIM MODI WIN
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BREAKING: 🇺🇸 63 American banks are on the brink of insolvent collapse according to the FDIC
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BREAKING: Mexico’s stock market has fallen by 5.7% so far yesterday, its worst performance since the Global Financial Crisis in 2008.
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For real
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SEC BEEN REVIEWING SOME TRADING IN GAMESTOP CALL OPTIONS: WSJ
E*TRADE CONSIDERS KICKING KEITH GILL OFF PLATFORM: WSJ SEC REVIEWING TRADES AROUND TIME OF GILL SOCIAL-MEDIA POSTS:WSJ submitted by /u/XGramatik [link] [comments]
Pepperstone: USD slipping to fresh day lows as NY trade persists…DXY probing 104.10 to the downside, as the EUR tests 1.09 to the upside, cable kisses the 1.28 figure, and USDJPY has a brief foray south of the 156 handle
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Globalization: A Force for Evil?
Globalization has its downsides, especially for regions that are already struggling. These places become even more desolate. The easier it is to travel around the world, the more likely people are to flee to where there’s hot (or any) water. Not to mention unemployment benefits, aromatic sausage and a fatty cultural layer on it. People flee even when the economy is growing. It’s not just about future prospects, but the current disparity in living standards. If life in Syria is slowly but surely getting better, you might feel excited that in 30 years your country will catch up to, say, Bulgaria. But why wait? You could move to UK right now, where the locals are more than happy to share their personal income tax. Capitalism chases profitability, and not environmental friendliness or the rights of the working class. Regions are becoming impoverished and desolate. People flee from poverty and a lack of social elevators. And not just from desperate poverty, but from simple unemployment. Traditional agriculture, for example, has become incredibly efficient. Where 100 years ago 500 people with horses and pitchforks were needed, 30 years ago it took just 50 with fertilizers, tractors, and milkmaids. Now, five people with robots, GMOs, and vertical farms are enough. There simply isn’t enough work. More layoffs are coming, and that’s normal. The main thing is for regional authorities to understand that globalization isn’t all good. submitted by /u/FXgram_ [link] [comments]
TREASURY 30-YEAR YIELD FALLS 10 BASIS POINTS ON DAY TO 4.547%
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Warren Buffet’s Berkshire Hathway class A stock has just dropped 85.6%
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Oil drops -3.1%, passing $75 per barrel.
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EUROPEAN NATURAL GAS FUTURES JUMP 10% ON NORWAY’S OUTAGES
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GAMESTOP RISES 90% AS KEITH GILL POST SHOWS $116 MILLION BET
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Coming up this week: PMI from China, the Eurozone, France, Germany, India, and the UK will be released. The European Central Bank (ECB) rate decision will be published. Earnings from CrowdStrike, Dollar Tree, Ferguson, Lululemon Athletica, and Meituan will be posted
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Pepperstone: With the ECB meeting on Thursday, the base case remains that the ECB will proceed with further cuts beyond summer, seeing a total of 75bp worth of cuts delivered this year
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Chris Weston, opinion
Modi gets a third term, the first time since 1962 – Expecting a solid rally in the Nifty 50 (opens 13:45 AEDT) – 3%+ is the chat. The rupee (USDINR NDF opens 13:30 AEDT) should firm up after USDINR pushed into the top of its range last week. submitted by /u/XGramatik [link] [comments]
It Never stops
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MrMBrown: Early FX pricing as the new trading week gets underway
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OPEC+ AGREES TO EXTEND GROUP-WIDE AND VOLUNTARY CUTS: DELEGATES
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Most Talkable Assets Of The Week
🚀 NVDA – Tearing up the charts 🚙 DELL – Dell falls most since 2018due to over-expectation 👀 CRM – SalesForce upgraded by Zacks rating system to Buy ⬆️ SPY – Bears have sounded like a broken record 💎 NOT – Notcoin + 280% for a week Quote of the week: ‘If you don’t find a way to make money while you sleep, you will work until you die.’ – Warren Buffett submitted by /u/FXgram_ [link] [comments]
Pepperstone: The week ahead for financial markets
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The surprising truth behind the low volatility anomaly
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Boeing poised to finally send people to space – the launch for Starliner set for Saturday
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