Citi says gold might get bought off after the US election

Wall Avenue Journal convey the information from analysts at Citi:A win by Trump, who proposes tax cuts, would possible assist equities as a substitute of goldGold fell by eight.2% within the month that adopted Trump’s 2016 victoryGold is…

Financial institution of America level to a powerful earnings season

Financial institution of America on Q3 earnings:almost 80% of S&P 500 index have reported up to nowindicators that the season will stay sturdyconsensus EPS is now up 2% vs. the place it stood as of October 1, which suggests its monitoring…

North Korea fires off one other ballistic missile

Consideration in search of dictators, they're in all places!Kim Jong Un fires off one other ballistic missile. South Korean navy with the report. These are normally focused on the East Sea (Sea of Japan). Which is troublesome for them to…

South Korean October headline CPI is the bottom in additional than three.5 years

Headline CPI +1.three% y/y in October, weakest stage since January 2021anticipated 1.four%, prior 1.6%for the m/m zero.zero%Core CPI +1.eight%down from 2.zero% in September This text was written by Aaron Cutchburt at www.ubaidahsan.com. Source…

Australia weekly shopper sentiment survey is available in at 86.5 (prior 86.four)

ANZ-Roy Morgan Australian Client Confidence index, a weekly survey of persistent pessimists it appears.Is available in at 86.5prior 86.fourANZ add: Weekly inflation expectations had been unchanged at four.6%, however the 4wk transferring…

BlackRock says merchants are nonetheless pricing Federal Reserve fee cuts too aggresively

Market pricing remains to be exhibiting over 100bp of Federal Open Market Committee (FOMC) fee cuts by to the tip of 2025.BRock says that is an excessive amount of, citing:1. A strong financial system“U.S. Q3 GDP knowledge final week confirmed…

Australian October companies PMI (closing) 51.zero (September was 50.5)

Judo Financial institution / S&P World closing companies and composite PMIs for Australia in October 2024.The preliminary readings may be discovered right here.In abstract from the report:Companies sector indicators have been stronger…

Commerce concepts thread - Tuesday, 5 November, insightful charts, technical evaluation, concepts

Good morning, afternoon and night all. Any charts, technical evaluation, commerce concepts, ideas, views, ForexLive merchants wish to share and focus on with fellow ForexLive merchants, please achieve this: This text was…

Financial calendar in Asia Tuesday, November 5, 2024 - US election day (look ahead to it ...)

I think we'll be listening to "wait till after the election" from many within the markets right here in Asea right this moment as a motive to sit down on arms. I first heard it about two months in the past! Severely! Anyway, the calendar…

Positioning for the US election - Trump win possible means increased inflation, increased charges

I posted on this yesterday:US election imminent - JP Morgan says Fed to pause price cuts on a Trump winThe conclusions reached by JPM should not actually information, any analyst with two mind cells to rub collectively can see that profligacy…