Day: January 10, 2025

📊🤔☄️XAU/USD Ahead of US NFP. We see a test of the symmetrical triangle trend line. On RSI, the trendline is broken upwards, indicating the possibility of growth, but %R shows a huge overbought.

☄️XAUUSD Ahead of US NFP☄️ 👀 We see a test of the symmetrical triangle trend line. On RSI, the trendline is broken upwards, indicating the possibility of growth, but %R shows a huge overbought. submitted by /u/Yuriy_UK [link] [comments]

It may be weeks before authorities figure out what caused the Palisades fire. Past fires have had severe financial impacts on utilities. PG&E PCG -3.65% filed for bankruptcy protection in 2019 because of costs associated with wildfires in Northern California that the state blamed on the utility.

BARRON’S – Shares of Edison International (EIX) -10.18%, which has operations in some of the areas that have burned, fell 10% to $69.50 on Wednesday. That shaved $3.1 billion off the company’s market capitalization, according to Jefferies analyst Paul Zimbardo. But Zimbardo said in a research note on Thursday that California state law caps wildfire damage costs for utilities, and that the after-tax liability cap for Edison would be $3.2 billion, essentially the same as the stock- price drop. Noting that he was using preliminary information, he said he believes “the market is overestimating the exposure.” He rates the stock at Buy with a $93 price target. At the same time BLOOMBERG – Edison International’s Southern California power utility has been asked by attorneys representing insurance companies to preserve evidence in connection with the deadly Eaton Fire in Los Angeles. No fire agency has so far suggested that the utility’s electrical facilities were involved in an ignition, or requested the removal or retention of equipment, according to a company filing posted late Thursday with California regulators. The Eaton Fire is among several blazes that erupted in the Los Angeles area on Tuesday during extreme winds. Southern California Edison had intentionally cut power to more than 100,000 homes and businesses as gusts strengthened to reduce the risk of its wires sparking fires. The utility said in the filing that its preliminary analysis showed transmission lines near the start of the blaze were energized, and showed no interruptions or electrical or operational anomalies until an hour after the reported start time of the wildfire. The market was closed in memory of former President Jimmy Carter on Thursday. We’ll definitely see more moves as history develops. submitted by /u/FXgram_ [link] [comments]

📊🤓💡💶EURUSD navigates downwards within a trendline and aims to retest the 1.0260 support. The 100-MA crosses the 200-MA down, signifying a global downtrend for the Euro.🤔

⚡️EURUSD FACES PARITY!⚡️ 💶EURUSD navigates downwards within a trendline and aims to retest the 1.0260 support. The 100-MA crosses the 200-MA down, signifying a global downtrend for the Euro. Additionally, More and more investment houses are betting that EUR will fall to parity with USD. submitted by /u/Yuriy_UK [link] [comments]

ECONOMISTS WHO PREDICTED MILEI’S ‘DEVASTATION’ NOW AWKWARDLY QUIET AS ARGENTINA REBOUNDS. His 50% approval rating suggests Argentinians prefer smaller government and 2.4% inflation over socialism’s 118% interest rates.

Turns out the “crazy” guy with a chainsaw knew what he was doing. After experts warned Milei would destroy Argentina, his 30% spending cuts and mass bureaucrat firings led to the first budget surplus since 2008. Even more shocking? His 50% approval rating suggests Argentinians prefer smaller government and 2.4% inflation over socialism’s 118% interest rates. Who knew? Source: NY Post submitted by /u/XGramatik [link] [comments]