Author: FX

I love it when a new month starts on a Monday and that’s the just the beginning of the good news for November. The clocks go back this weekend and the weather gets worse but it’s a great month for risk assets.Best month for the NasdaqSecond-best month for the S&P 500Second-best month for the MSCI world indexSecond-best month for the German DAXBest month for the Nikkei 225Best month for USD/JPYThird-best month for the US dollarWorst month for WTI crudeWorst month for CADThere is something for gold bugs as well as the November through February period is a particularly strong time…

Here is a look at the week ahead from Earnings Whispers.I can’t believe D-Wave Quantum is getting top billing there above ConocoPhillips. The first is a company that reported $3.1 million in revenues last quarter and the second had $14 billion. That goes to show that we’re alot closer to the top than the bottom.To be honest, I see way too many memes on this list and not enough real companies. I wouldn’t want to own many of these. Source link

The Dow Jones Industrial Average (DJIA) is poised to end the trading week near where it started, with price action churning familiar territory around the 47,500 region. Despite the Federal Reserve (Fed) delivering a widely anticipated interest rate cut this week and the Dow posting a new all-time high just north of 48,000, equity markets remain overall unimpressed. Bullish momentum has been thin throughout the week, with disappointment at the Fed’s cautious rate-cutting tone offset by hopes that the latest reignition in trade tensions between the US and China will be tamped down by the Trump administration’s general unwillingness to…

CNBC’s Kristina Partsinevelos reports:Trump told Xi chip sales are “between you and Nvidia.” Huang must clear antitrust, backdoor H20 risks, and energy failures. By then, a source says B30A launching mid-2026 is 50% performance and a generation behind Rubin. Beijing stalling lets developers migrate to Huawei.I think there is some worry in US circles that if Nvidia doesn’t provide chips to China, then they could develop their own and export to the rest of the world at much lower costs; and then it would be China that has the leverage elsewhere instead of the US.Then again, I don’t think that…

The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserve’s (Fed) hawkish tone after delivering a widely expected 25-basis-point rate cut earlier this week.At the time of writing, EUR/USD is trading around 1.1523, extending losses for the third consecutive day and on track to post its first monthly decline in three months.Meanwhile, the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, is hovering near three-month highs around 99.80. The index…

GBP/USD extends its downward momentum, touching a new seven-month low of 1.3097 on Friday. The pair remains under persistent selling pressure as investors continue to favor the US Dollar (USD) amid reduced expectations of further Federal Reserve (Fed) easing.This latest decline underscores the fragile sentiment surrounding the Pound Sterling (GBP), which has been unable to find support despite oversold conditions, reflecting broader market skepticism over the United Kingdom’s (UK) economic and fiscal outlook.The US Dollar Index (DXY), which tracks the Greenback’s performance against six major currencies, holds near a three-month high at 99.80 after Fed Chair Jerome Powell downplayed the…

95-year-old Warren Buffett already announced that he will be stepping down from Berkshire Hathaway at year end. In February, successor Greg Abel will pen a annual shareholder letter but the WSJ reports today that Buffett will publish two letters on November 10 — one to Berkshire Hathaway shareholders and one to his three children, presumably about his wealth.Buffett will step down as CEO but will remain chairman.Buffett is known for a willingness to pay up for quality but here is a chart showing that his big bets were at levels far below what major companies are trading at now. That…

Gold (XAU/USD) drifts lower on Friday after holding above the $4,000 level for the better part of the day as investors reassess the Federal Reserve’s (Fed) monetary policy outlook following this week’s interest rate cut. At the time of writing, XAU/USD is trading around $3,985, down nearly 1.0% on the day and poised for a second straight weekly loss.A firmer US Dollar (USD) and steady Treasury yields are capping upside attempts in Gold, as traders scale back expectations of another rate cut this year. In his post-meeting remarks, Fed Chair Jerome Powell downplayed the likelihood of a December rate cut,…

West Texas Intermediate (WTI) US Oil price rises to $60.50 per barrel on Friday, up 0.65% on the day, extending its rebound after two sessions of subdued trading. Despite the modest recovery, Crude Oil prices remain on track for their third consecutive monthly decline as persistent oversupply concerns limit upside potential ahead of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on Sunday.According to recent reports relayed by Reuters, eight OPEC+ members are preparing to increase their combined output by 137,000 barrels per day (bpd) in December as part of their effort to regain lost market…

As London/European traders head for the exits, the major US stock indices are trading at Lowe’s for the day. The Dow industrial average is now down -0.18% or -89 points. At session highs the index was up 150 points.S&P index is up 3.24 points or 0.05%. At session highs the index was up 52.26 points.NASDAQ index is up 87 points or 0.36%. Added session highs the index was up 365.09 points.Fed officials speaking today have been more hawkish and suggest that a December cut is certainly in question. Having no data is starting to become more problem as well.US yields…