The star of the movie “The Big Short” bet against semiconductor stocks using the iShares Semiconductor ETF, but think twice before jumping on the same bandwagon. Just because someone got it right once doesn’t mean all of his predictions and actions will always be correct. Since 2017, he has been going about an impending collapse
Month: November 2023
Major currencies are not doing a whole lot today and with it being the Thanksgiving weekend, it’s not too much of a surprise. This is one of those days that trading appetite is sapped and with there not being much on the economic calendar either, there isn’t much for traders to work with on the
Share: USD/CAD extends gains ahead of Canada’s Retail Sales release. The recovery in Crude oil prices could support the Canadian Dollar. US S&P Global PMI data is expecting a slight decline in November. USD/CAD rebounds from the weekly lows hit on Thursday, extending gains for the second consecutive day. The USD/CAD pair trades higher near
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
· Socrates is a web3 social media and entertainment platform, combining the best of Social-Fi and Game-Fi · Accessible on multiple blockchains, including Polygon, Ethereum, BNB Smart Chain (BSC), Arbitrum One & Optimism · Allows anyone to participate in multiple-choice question and answers, empowering people to voice honest opinions and unique perspectives · Offers large
Share: The USD/CHF is hovering around the 0.8835 level, reflecting slight losses on the day. The pair continues consolidating, with indicators suggesting stagnation near oversold levels. No relevant reports were released on Thursday, and US markets were closed as the country celebrated Thanksgiving. On Thursday, the USD/CHF pair experienced minor losses, nudging lower to trade around
The AUDUSD fell yesterday but bounced off a key floor support near 0.6522. The move higher today has come off highs but is so far holding the rising 100 hour MA support. Staying above keeps the buyers more in control and will have traders looking toward the 50% midpoint of the move down from the
The major European indices are ending the day higher. The gains were modest. A snapshot of the closing levels shows: German Dax, +0.23% France CAC, +0.24% UK FTSE 100, +0.19% Spain’s Ibex +0.18% Italy’s FTSE MIB, +0.28% For the trading week, most of the indices are on pace for gains with Friday to go. The
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: Natural Gas prices fall further as a ceasefire breakthrough in Gaza looks imminent. The US Dollar trades in the red again for this week, erasing Wednesday’s gains. Natural Gas prices could decline to $2.70 in a worst case scenario. Natural Gas (XNG/USD) is sinking this week as a ceasefire deal in Gaza means less
USD The Fed left interest rates unchanged as expected at the last meeting with basically no change to the statement. Fed Chair Powell stressed once again that they are proceeding carefully as the full effects of policy tightening have yet to be felt. The recent US CPI missed expectations across the board bringing the expectations
Prior 49.5 Manufacturing PMI 46.7 vs 45.0 expected Prior 44.8 Composite PMI 50.1 vs 48.7 expected Prior 48.7 UK business activity shows a marginal growth in November, the first in three months, as both services and manufacturing sector activity picked up on the month. That’s a welcome development for the economy in general, although there
Share: Australian Dollar regains ground amid mixed US economic data. Australia’s data showed a slowdown in economic activities during November. RBA Governor Bullock mentioned that policy tightening is the appropriate response to demand-driven inflation. US Dollar extended the correction ahead of the Thanksgiving Day holiday. The Australian Dollar (AUD) attempts to snap the recent losses on
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: Mexican Peso stays firm, as the USD/MXN remains volatile during the North American session. US inflation expectations peaked at around 4.5%, sparking a jump in US Treasury bond yields. Mexico’s retail sales growth slowed to 2.3% in September, missing forecasts with consumers feeling higher interest rates set by Banxico. Mexico’s key economic releases ahead
The NASDAQ index reached a high of 14539.61 today. That price extended above the high closing level for the index in 2023. That high close came in at 14358.02 reached on July 19. That was the same day that the intraday high price for that index was reached at 14446.55. NASDAQ index traded above its
As European traders head for the exits, the major European indices have closed mostly higher. The exception is the UK’s FTSE 100 as the market digests the budget from the Chancellor of the Exchequer. The Italy’s stock market was also unchanged. German DAX, +0.36% Frances +0.43% UK’s FTSE 100 -0.17% Spain’s Ibex +0.61% Italy’s FTSE
GBPUSD on the daily chart is testing the 200 day MA The GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level
GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA). GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now start market
Cryptocurrency has gained significant attention in recent years as a digital alternative to traditional forms of currency. While it offers several benefits, it also comes with its fair share of drawbacks. In this article, we will delve into the advantages and disadvantages of cryptocurrency. Benefits of Cryptocurrency Decentralization: One of the key benefits of cryptocurrency
Kaspa, the revolutionary open-source, decentralized, and fully scalable Layer-1 blockchain network, is thrilled to announce its 2nd birthday celebration. To commemorate this significant milestone, together with industry leaders Coinpal.io, OKX Web3, ICERIVER, IGV, and Rhubarb Media to launch a spectacular 1 Million Airdrop Campaign. This campaign will take place exclusively on OKX Cryptopedia, offering participants
Behavioral finance is a field of study that seeks to understand and explain the psychological and emotional factors that influence investor decision-making. While traditional finance assumes that investors are rational and make decisions based on maximizing their utility, behavioral finance recognizes that individuals often deviate from rationality due to biases, emotions, and cognitive errors. Understanding
Bitcoin is a decentralized digital currency that has experienced significant growth and adoption since its inception in 2009. With the increasing popularity of cryptocurrencies, it is essential to understand how Bitcoin is used and the benefits it offers. Peer-to-Peer Transactions One of the primary uses of Bitcoin is for peer-to-peer transactions. Unlike traditional banking systems,
Share: This autumn, the Norwegian currency has gained recent support. However, economists at Danske Bank expect NOK to weaken again. Relief boost to NOK to prove temporary We maintain a negative view on NOK. For the very near-term, we cannot rule out more NOK strength but we highlight that we see such strength as temporary
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON’s Web3 ecosystem in Telegram. The 15 selected teams may receive support for integrating into TON’s Web3 ecosystem and stand a chance to get up to USD $500,000
Share: Australian Dollar faced challenges due to the modestly hawkish tone of FOMC minutes. Australia’s Dollar could revisit three-month highs aligned with the 0.6600 psychological level. Fed members agreed that policy should remain restrictive until inflation is going down toward the target. The Australian Dollar (AUD) appears to be recovering some of the recent losses
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Nvidia will announce its third-quarter earnings after market close on Tuesday. Its announcement will complete the Magnificent 7 earnings for the quarter. Yesterday the company’s stock reached a record high of $504.09 per share. The current stock price is trading down -$3.93 or -0.79% of $500.05. The gains this year have been driven by the
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