Day: December 11, 2024

Mexican Peso strengthens as US CPI supports Fed rate cut speculation

Mexican Peso appreciates as US November inflation data meets estimates, favoring Fed’s easing. Mexico’s inflation continues to edge lower, enhancing prospects for a bigger Banxico rate cut. Investors anticipate a 25 bps rate cut by the Federal Reserve on December 18 with odds standing at 92%. submitted by /u/Denchock [link] [comments]

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TKL: This is incredible. As Tesla, (TSLA), hits $420 for the first time in history, users on X are piling into the stock.

We are now seeing over 1,500 posts PER HOUR about the stock hitting the milestone, according to Radar. Also trending is “Tesla stock split” along with the word “Tesla” seeing nearly 4,200 posts per hour. As the stock enters record high territory, @ElonMusk has officially hit a record $400 billion net worth. X traffic is soaring along with Tesla’s stock price. submitted by /u/XGramatik [link] [comments]

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Gold price rises as US inflation data supports further Fed easing

Gold price climbs, remaining above $2,700, ignoring high US yields. US CPI data confirms ongoing disinflation, bolstering expectations for a Federal Reserve rate cut next week. Market anticipates a potential rate cut, with swaps pricing a 92% likelihood, focusing next on upcoming PPI and jobless claims data. submitted by /u/Denchock [link] [comments]

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TKL: Is the post-election rally stalling? We have now had 7 straight days with a greater number of S&P 500 components closing lower than the number of components closing higher.

This is the longest streak since the December 2018 correction. Interestingly, in the the previous 7-day period, the number of advancers exceeded decliners for 7 days, marking the best stretch this year. Despite weakening breadth, the S&P 500 finished up in 4 out of the last 7 days. Is the market overdue for a correction? submitted by /u/XGramatik [link] [comments]

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Gold and Silver Price Correlation (2014–2024)

Gold and silver prices generally display a correlation, meaning they tend to move in the same direction. However, this relationship is not perfect, and there are times when their prices diverge. In recent years, silver prices have shown a stronger alignment with gold, indicating an increased correlation between the two precious metals. https://preview.redd.it/215viz2d786e1.png?width=2000&format=png&auto=webp&s=c5e8043a531a83935c1daad3197a32f74ca223bb submitted by /u/Pllover12 [link] [comments]

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Russian Foreign Ministry: “We urge Russian citizens to refrain from trips to the United States and its satellites, primarily Canada and some EU countries”. – Has someone completely lost their mind? Is the economy in total collapse?

Relations with the USA are teetering on the verge of rupture. Amid increased confrontation with the USA, trips to the United States are fraught with risks. The Russian Foreign Ministry calls on Russian citizens to refrain from traveling to the U.S. submitted by /u/XGramatik [link] [comments]

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Greedy, reckless traders using leverage: The volume of liquidations on crypto exchanges on December 10 reached its highest level since May 2021, noted analysts at K33 Research. Cascading liquidations were also a hallmark of the bull market back then.

Yesterday’s liquidation volume for altcoin positions potentially became the largest since May 19, 2021. As a result, leveraged capital in altcoins decreased by $12.8 billion, leading to the largest single-day reduction in open interest for altcoins in history. Notably, cascading liquidations were a frequent feature of the 2021 bull market and seem to be making a comeback as 2024 draws to a close. Liquidations occur when an exchange forcibly closes a trader’s leveraged position (i.e., one using borrowed funds) due to partial or complete loss of collateral. This happens when a trader fails to meet the margin requirements for the position, meaning they lack sufficient funds to keep the trade open. In cases of sharp price swings, they may also fail to add collateral before their position is forcibly closed at a loss by the exchange. From December 9 to 10, the volume of forcibly closed long positions on cryptocurrency price increases exceeded $1.5 billion. The vast majority of liquidated traders held positions in altcoins, some of which experienced sharp declines of 20–30% in a short period. https://reddit.com/link/1hbqag0/video/9rpkpfgi176e1/player submitted by /u/XGramatik [link] [comments]

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