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U.S. stock futures were little changed on Sunday, following a choppy week on Wall Street.
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0816 compared to Friday’s fix of 7.0825 and 7.0956 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party…
“I am five years from financial independence.”
Highlights include NVDA earnings, Minutes from FOMC and RBA, CPI from Canada, UK and Japan, and Global PMI data Nvidia competitors MON: Canadian CPI (Oct), US NY Fed Manufacturing (Nov) TUE: RBA Minutes (Nov), NBH Announcement; New Zealand PPI (Q3), Japanese Trade Balance (Oct) WED: FOMC Minutes (Oct), Bank of Indonesia Announcement; UK CPI (Oct), EZ Final HICP (Oct) THU: PBoC LPR; German Producer Prices (Oct), EZ Construction Output (Sep), Canadian Producer Prices (Oct), New Zealand Trade Balance (Oct), Australian Flash PMIs (Nov), Japanese CPI (Oct) FRI: Euro Area Indicator of Negotiated Wage Rates Q3 (TBC); UK Retail…
Strategizing in advance can really pay off when it comes to Medicaid-funded nursing-home placements.
The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the 1.1600 figure, paving the way for further upside.Euro ends slightly lower Friday but posts weekly gains, supported by mixed Fed signals and steady Eurozone growthSince Wednesday, the majority of Federal Reserve officials remained hawkish. Regional Fed bank presidents, led by Beth Hammack, Raphael Bostic, Alberto Musalem, Susan Collins, Neel Kashkari and Jeffrey Schmid favored a modestly restrictive monetary policy,On…
Lone Nvidia bear Jay Goldberg shares why he’s still not a buyer of the AI superstock.
Easy trades that pay well How to Identify and Trade a Liquidating Market Easy trades that pay well A liquidating market occurs when traders are focused on exiting positions and not adding new ones. Instead of fresh buying or selling to build positions, the dominant flow consists of participants rushing to get out, creating sharp, often relentless price moves. In today’s environment, this behavior has been especially visible in U.S. equities, including the NASDAQ 100. After reaching record highs fueled by AI enthusiasm, tech-sector strength, and expectations of a December Fed rate cut, sentiment shifted quickly. Concerns about stretched…
“I am not listed on his bank accounts.”
GBP/USD caught a brief bullish slant to Thursday’s trading window, with Cable traders brushing off a worse-than-expected Gross Domestic Product (GDP) growth print from the third quarter. However, late-day flows turned sour after reports broke that UK Prime Minister Keir Starmer is poised to cancel a batch of planned tax increases intended to help bolster the UK’s questionable financial position.With the US government set to reopen, at least temporarily, markets are now looking ahead to the resumption of critical economic dataset releases. US White House officials toyed with the idea of declaring entire batches of inflation and growth data as…