📊🧐🇪🇺EUR/USD breached above the falling wedge and aims to retest the 1.0530 resistance. 📈 The RSI crosses the mid-line, with the 200-MA gives a resistance for the asset. 📉 The UsDollar breaches below the rising channel, confirming the weakening of the US currency

🇪🇺EURUSD breached above the falling wedge and aims to retest the 1.0530 resistance. 📈 The RSI crosses the mid-line, with the 200-MA gives a resistance for the asset. 📉 The UsDollar breaches below the rising channel, confirming the weakening of the US currency submitted by /u/Yuriy_UK [link] [comments]

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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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