☀️ Good morning, dear traders! How are you? Let’s discuss the most exciting news for the beginning of the week. 😁 Trump wants US presidents to have input on central bank rate decisions. The Wall Street Journal reports his team is working on proposals to reduce the Federal Reserve’s independence.

🚗 Hedge funds have faced heavy losses on Tesla short positions, yet the volume of shorts remains high. Tesla’s stock recently rose to $321.

🇪🇺 Goldman warns that trade uncertainty could lower Eurozone GDP by 0.5% and expects further ECB rate cuts, potentially weakening the euro by 3% to parity with the dollar. EURUSD is now at 1.0720.

🇨🇳Chinese stocks in Hong Kong are falling as investors are disappointed by the details of new economic stimulus measures announced by China on November 8. The HK50 index has declined to 20,420.

🛢Over 25% of oil production and 16% of natural gas output in the U.S. Gulf of Mexico have been shut down due to storm “Rafael,” according to regulators. XBRUSD has fallen to 73.80.

📆 CALENDAR FOR TODAY – 2024.11.11