Day: January 9, 2025

Unusual Whales: Garden State Representative Josh Gottheimer is consistently a top trader. Usually he only trades Microsoft (MSFT) having worked there in the past. However, he also purchased shares in Fair Isaac Corporation (FICO) a credit rating service.

He is on the House Financial Services Committee. The stock increased by 100% since his purchase. In October, he also purchased shares in Crinetics Pharmaceuticals (CRNX). It was purchased a day before the company announced submission of a new FDA drug application. The stock rose. submitted by /u/XGramatik [link] [comments]

GBP/USD faces downward pressure due to UK fiscal concerns

GBP/USD dips by 0.49% despite inactive US markets, influenced by record high UK bond yields and fiscal worries. US labor market shows resilience with a significant decrease in layoffs, according to the Challenger Jobs Report. Fed officials signal cautious stance on rate cuts, with future decisions hinged on upcoming economic data. submitted by /u/Demblin [link] [comments]

TKL: A popular bond-tracking ETF TLT has posted a record $7.4 billion in net outflows over the last 2 months. This is nearly double the previous record seen in mid-2020, at the beginning of the bear market in long-term bonds.

To put this into perspective, TLT has $49.7 billion in assets under management. This comes as the 30-year Treasury yield is up 50+ basis points over the last 2 months, to 4.9%, marking a 14-month high. As a result, TLT is down 5.1% during this period and is trading near the lowest level since November 2023. Is the short bonds trade too crowded? submitted by /u/XGramatik [link] [comments]

Gold price draws attention amidst swelling global inflation woes

Gold price pops above $2,660 and tries to consolidate above the level. Traders are sending yields higher in concerns over inflation overheating again. Gold price looks to enter a similar moment as seen in 2023 with the SVB meltdown. submitted by /u/Demblin [link] [comments]

📊💡🤓USD/CNH 🇨🇳 China’s consumer inflation has fallen to near zero, adding to fears of a long-term deflationary slowdown despite continued government stimulus. According to Bloomberg and Reuters, Shorts in the Yuan hit an 18-month high as China considers weakening the Yuan in 2025 due to Trump’s…👇

🇨🇳 China’s consumer inflation has fallen to near zero, adding to fears of a long-term deflationary slowdown despite continued government stimulus. According to Bloomberg and Reuters, Shorts in the Yuan hit an 18-month high as China considers weakening the Yuan in 2025 due to Trump’s looming duties. USDCNH is testing key resistance at 7.36, while the MFI indicates overbought, suggesting a potential short-term correction to the Fibonacci golden pocket before before the upward momentum. submitted by /u/Yuriy_UK [link] [comments]

EUR/USD faces pressure as Trump mulls economic emergency to draft tariff plan

EUR/USD drops to near 1.0300 after the FOMC minutes dropped hints of a slowdown in the US inflation progress towards the Fed’s target of 2%. The USD Index is on track to revisit the two-year high of 109.53 ahead of the US NFP data due on Friday. The ECB is expected to reach the neutral rate by summer. submitted by /u/Demblin [link] [comments]

📊💡🤓BTC/USD 😎 Our past analysis worked perfectly, but now we see that BTCUSD has formed a head-and-shoulders pattern. On ADX, -DI has risen above +DI, so expect a drop when it falls below the neckline and fractal. Bitcoin☄️

Bitcoin☄️ BTCUSD 😎 Our past analysis worked perfectly, but now we see that BTCUSD has formed a head-and-shoulders pattern. On ADX, -DI has risen above +DI, so expect a drop when it falls below the neckline and fractal. Bitcoin investors withdrew $569.1 million from spot Bitcoin ETFs, including significant outflows from BlackRock’s iShares Bitcoin Trust, with Fidelity’s fund alone accounting for $258.7 million. submitted by /u/Yuriy_UK [link] [comments]

📊🤔🥇XAUUSD Will Fall. US Dollar rising as jobless claims hit a record low and job openings surge, delaying Fed rate cut expectations.

🥇XAUUSD Will Fall🥇 US Dollar rising as jobless claims hit a record low and job openings surge, delaying Fed rate cut expectations. Currently, XAUUSD is moving upwards, aiming to retest the FVG zone at the 2675 resistance level, aligned with the golden Fibonacci ratio. 50-MA crosses the 100-MA up, giving fuel for the short-term rise to the FVG with the further correction to the 2640 support at the 38.2 Fibonacci submitted by /u/Yuriy_UK [link] [comments]

MrMBrown: (UK) Pretty clear now, if it wasn’t already, that mkts have lost confidence in Govt’s ability to control the fiscal backdrop…participants will surely want to see a concrete commitment from HMT to further spending cuts/revenue raising measures in order to restore confidence…

…though, with such action serving only to further dent already anaemic growth, and with inflation still sticky, the UK is in a worst of all worlds scenario of stagflation…which, in turn, will keep the BoE hawkish, for all the wrong reasons, at precisely the wrong time… … tough to argue for anything other than being short GBP assets whether FX, rates, or equity…things look dicey already, and seem likely to get worse before they get better submitted by /u/XGramatik [link] [comments]

📊🤓💡📉 GBPUSD broke the lower trending upward channel on the weekly chart, falling below the TEMA. A possible retest of the trendline before the fall 🤔

📉 GBPUSD broke the lower trending upward channel on the weekly chart, falling below the TEMA. A possible retest of the trendline before the fall The pound has plunged to its weakest since 2023, as surging gilt yields fail to offset investor fears over inflation and fiscal sustainability, raising concerns of capital flight. submitted by /u/Yuriy_UK [link] [comments]