Month: December 2024

Mexican Peso pressured by firm US Dollar as December begins

Mexican Peso drops 0.37% as November Business Confidence in Mexico worsens, signaling economic slowdown. A Banxico survey shows inflation likely to stay below 4%, but the economy will miss expectations of growth above 2% in 2024. US Dollar supported by stronger ISM Manufacturing PMI and Trump’s tariff threats, overshadowing weak economic data. submitted by /u/Denchock [link] [comments]

New York Post: ELON CALLS OUT OPENAI’S “SWINDLY SAM” FOR GOING FULL GREED MODE

Elon is suing OpenAI, claiming Sam Altman pulled the ultimate bait-and-switch. The company that started as a nonprofit to “save humanity” is now cozying up to Microsoft and chasing billions. Musk says Sam tricked him into investing $44 million in the good ol’ days, promising safe AI for the public. Fast forward, and OpenAI’s turning into a for-profit “Frankenstein,” with Microsoft pulling the strings. Elon’s legal smackdown accuses them of antitrust violations and breaking their original mission. https://preview.redd.it/mgq2govwnh4e1.png?width=900&format=png&auto=webp&s=c795a4e70527d30f60a24326b5367d026c73785e submitted by /u/XGramatik [link] [comments]

TKL: Leveraged trading activity has never been larger. Assets under management by US leveraged ETFs reached a record ~$120 BILLION in November.

Over the last 2 years, total assets have DOUBLED as the market has experienced one of its greatest runs this century. By comparison, at the Q4 2021 peak total assets were ~$40 billion lower, at ~$80 billion. For every $1 invested in leveraged short ETFs, there are ~$12 invested in leveraged long ETFs, the second-highest difference on record, only below Q4 2021. Investors are going all-in on this market. submitted by /u/XGramatik [link] [comments]

According to the law “On the Federal Budget for 2025 and the Planning Period of 2026 and 2027,” signed by Putin, a beneficial devaluation of the ruble is planned for Russia. Is it time to confidently short the market?

Starting in 2025, to make ends meet, Russian authorities are launching the largest tax reform in decades: a progressive personal income tax (PIT) scale will be introduced, and corporate profit taxes will increase. Additionally, the devaluation* of the ruble will help the government balance the budget. Devaluation* refers to the reduction in the exchange rate of a national currency relative to hard currencies within fixed exchange rate systems, as determined by monetary authorities. submitted by /u/XGramatik [link] [comments]

📈 🤓 Growth in retail sales in Australia. Retail sales in Australia grew by 0.6% month-on-month in October, which was significantly higher than experts expected growth of only 0.3%.

📈 Growth in retail sales in Australia. Retail sales in Australia grew by 0.6% month-on-month in October, which was significantly higher than experts expected growth of only 0.3%. The increase comes on the back of modest growth in September, when sales rose just 0.1%, according to the Australian Bureau of Statistics (ABS). Thus, consumer spending continues to show positive dynamics, which may indicate economic recovery and growing consumer confidence. Against the backdrop of such data, there is optimism regarding further economic growth. 🚀 submitted by /u/Yuriy_UK [link] [comments]

📊🤔 USD/CAD 🇨🇦🚀 is poised to rise 1100 points after bouncing off the trendline in an ascending channel. Momentum is above 100.0, and FRAMA is crossed upwards. Possible retest of the trend line before the upswing. Interesting 🧐

📊🤔 USDCAD 🇨🇦🚀 is poised to rise 1100 points after bouncing off the trendline in an ascending channel. Momentum is above 100.0, and FRAMA is crossed upwards. Possible retest of the trend line before the upswing. submitted by /u/Yuriy_UK [link] [comments]

EUR/USD Price Analysis: Pair plunges below the 1.0500 level

The EUR/USD fell by more than 1% to open the week. The 1.0500 mark is gone and the pair fell further below the 20-day SMA. Indicators suggest that the selling momentum may have more room to go. submitted by /u/Denchock [link] [comments]

MOVING UP vs MOVING UP

MOVING UP GAP surged 5% after an upgrade to Overweight from Neutral by JP Morgan, with a new price target of $30. They revised their FY25 EPS to $2.30 and FY26 EPS to $2.53, expecting revenue growth and margin expansion. INTC rose 2% on CEO Pat Gelsinger’s retirement announcement. David Zinsner and Michelle Johnston Holthaus are appointed interim Co-CEOs, with Frank Yeary as Interim Executive Chair while a permanent successor is sought. NBIS soared 16% after securing $700M through a private placement involving NVDA, planning to issue 33.33M Class A shares at $21/share. NVCR jumped 30% following successful trial results where its cancer therapy, combined with chemotherapy, extended pancreatic cancer patient survival from 14.16 to 16.20 months on average. PTCT climbed 14% after licensing its experimental Huntington’s Disease drug, PTC518, to a Novartis unit for up to $2.9B, with $1B upfront. SMCI increased 14% after confirming no need to restate financials, with no evidence of shipping incomplete products to boost quarterly revenue. TNDM went up 6% after an upgrade to Overweight from Equal Weight by Morgan Stanley, with a $45 price target, citing undervalued stock and potential in type-2 diabetes market expansion. TSLA gained 2% with Stifel maintaining its Buy rating, raising the target to $411, praising Tesla’s broader market vision beyond just being an automaker. Additionally, Roth MKM upgraded TSLA to Buy, setting a $380 target, highlighting potential catalysts for value increase. MOVING DOWN CORZ drops 5% on news of a $500M convertible senior notes offer for 2031. NU falls 5%, hit by Citigroup’s downgrade to Sell, citing profit-taking despite strong growth in Brazil. PCG slides 5% after announcing $2.4B in stock offerings. STLA tumbles 8% following CEO Carlos Tavares’ sudden resignation after nearly four years. UPST plunges 11%, downgraded to Underweight at JP Morgan, with caution advised on fintech at current valuations submitted by /u/XGramatik [link] [comments]

TrendSpider: Insider Trades alert

Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), has made significant purchases of the company’s stock, according to a recent SEC filing. These purchases highlight continued confidence in the company’s prospects by its top executive. Charts: Trendspider https://preview.redd.it/xt058m104g4e1.png?width=1497&format=png&auto=webp&s=21e8647f786ee3aeaa7531907c824d44272f35c9 submitted by /u/FXgram_ [link] [comments]

Gold pulls back after Trump defends the Dollar

XAU/USD 4-hour Chart Gold is trading lower on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs. Trump warned he would use the tariffs if BRICS tried to replace the USD with its own currency. The US Dollar rises, weighing on Gold, although increased geopolitical risk provides supportive inflows into the yellow metal. submitted by /u/Denchock [link] [comments]

Trade War and Higher Tariffs Led to Higher Trade Deficit for the U.S.

During the Obama administration, the U.S. goods trade deficit grew at a modest compound annual growth rate (CAGR) of 0.7%. Despite the implementation of a U.S.-China trade war and increasing import tariffs, the deficit rose sharply during the Trump administration, with a CAGR of 5.4%. This upward trend persisted under the Biden administration, where the deficit grew even faster at a CAGR of 5.8% (January 2021 to September 2024), as the previous administration’s trade policies were maintained. By the twelve months ending in Q3 2024, the goods trade deficit had reached $1,146 billion. https://preview.redd.it/w9epdr01kf4e1.png?width=1600&format=png&auto=webp&s=b3529fccdbf3395244e48c3f37ab64eb61db3357 submitted by /u/Pllover12 [link] [comments]

Pound Sterling edges lower against US Dollar after Trump defends USD dominance

GBP/USD 4-hour Chart The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback. Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency. Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction. submitted by /u/Denchock [link] [comments]

Crude Oil trades stuck in tight range ahead of crucial OPEC+ meeting

Oil Technical Analysis: OPEC+ is seeing internal struggle Crude Oil prices are stuck in a tight range as it appears that the OPEC+ theater is starting to fall apart. With the outlash from Iran, a heated discussion could be taking place on Thursday. Still, in terms of production curbs, OPEC+ can do little to tweak expectations, so the chances for more downturn in Oil prices are bigger than those for an upturn. On the upside, the pivotal level at $71.46 and the 100-day Simple Moving Average (SMA) at $72.01 are the two main resistances. The 200-day SMA at $76.18 is still far off, although it could be tested if tensions intensify further. In its rally towards that 200-day SMA, the pivotal level at $75.27 could still slow down any upticks. On the other side, traders need to look towards $67.12 – a level that held the price in May and June 2023 – to find the first support. In case that breaks, the 2024 year-to-date low emerges at $64.75, followed by $64.38, the low from 2023. submitted by /u/Denchock [link] [comments]

Ethereum bull eye for the $4,000 mark

Ethereum price broke and closed above the weekly resistance of $3,454 on Wednesday and rallied almost 3.5% in the next 4 days. At the time of writing on Monday, it hovers around $3,691. If the $3,454 holds as support, ETH could rally to retest the psychologically important $4,000 level. The RSI indicator on the daily chart reads at 68, above its neutral level of 50, indicating that bullish momentum is gaining traction well below overbought conditions. submitted by /u/Denchock [link] [comments]

The King Who Lost His Crown 👑

https://preview.redd.it/a94xh6q02f4e1.jpg?width=800&format=pjpg&auto=webp&s=7cf09ed6f19c8ed5621903b8d7e35c9e3c44a68f You might know the name – Philip Green. Once hailed as the “King of the High Street,” his empire was a masterclass in retail success. But his story also comes with a £13 billion lesson. Philip inherited the family business and quickly started building his own. He turned failing brands into household names, including the fashion powerhouse Topshop. At its peak: → Arcadia Group was valued at £13 billion → His stores dominated the high street with unbeatable foot traffic → Green’s name became synonymous with success He just didn’t believe in one big thing – The Internet. To him it was a phase. To this day, he still uses a Nokia brick phone – a relic of the past. Meanwhile, the world was changing fast: → E-commerce exploded → Consumer habits shifted overnight By 2020, Arcadia crashed into administration. Why? Because Green bet against progress. He ignored the signs and refused to adapt. Philip Green’s rise and fall offer three key lessons: 1️⃣ Your strengths today won’t save you tomorrow. 2️⃣ Technology isn’t optional. 3️⃣ Adapt or die. The Takeaway: Never bet against the future. submitted by /u/FXgram_ [link] [comments]

Biden pardoning his son Hunter is not only for the gun and taxes convictions, but about any crime he might have committed in the last decade. This is a move to “immune” Hunter from any potential investigation by the Trump administration, per Axios.

Biden pardoning his son Hunter is not only for the gun and taxes convictions, but about any crime he might have committed in the last decade. This is a move to “immune” Hunter from any potential investigation by the Trump administration, per Axios. submitted by /u/glira31 [link] [comments]