EURUSD from top to bottom of range relatively quickly (policy divergence) and markets beginning to take a breather on the 'TrumpTrade' into month-end ''maybe'' : 10's UST 4.25 the 'yield resistance', USDJPY 152-153 area resistance and SPX500 5850 (industrial earnings were weak, TSLA saved the day) , weekend risk : most airlines have cancelled flights to and from Iran, Irag, Lebanon etc
Next week BoJ meeting, UK budget, big Techs earnings and of course final days in the U.S election campaign
Fmr. Fed Governor Kevin Warsh says he was puzzled by the Fed's 50 basis-point cut. "The central bank needs to be very clear about its reaction function, be clear about its goals, and not look like it's lurching - that's what put us in the mess we have,"
EU PMI : thank you the periphery saved EU data, Germany and France weak
Novo Nordisk’s blockbuster diabetes drug Ozempic may reduce the risk of developing Alzheimer’s disease, according to a new analysis of electronic health records
GS : there is mounting evidence that “US exceptionalism” remains intact, and as such, the risks for the US dollar are skewed to the upside, even as its baseline view is for a gradual depreciation. As to the impact of election outcomes, a Republican sweep is the most favourable to the $$
Tesla stock soars 20% thanks to an earnings beat and Elon Musk's 'best guesses' and The WSJ reports that Elon Musk has been in “regular contact” with Vladimir Putin since late 2022
China's stimulus measures not enough, Yellen and IMF chief economist say
European natural gas prices rise to highest level this year as supply tightens. Whats going on?
U.S : (headline number is one thing) but Continuing jobless claims, highest since November 2021
Polymarket says mystery Trump bettor is French national
Squawk Box on X: "Fmr. Fed Governor Kevin Warsh says he was puzzled by the Fed's 50 basis-point cut. "The central bank needs to be very clear about its reaction function, be clear about its goals, and not look like it's lurching - that's what put us in the mess we have," he says: https://t.co/BYT5XYTUfd" / X
(1) Stephen Stapczynski on X: "European natural gas prices rise to highest level this year as supply tightens Whats going on? 🇳🇴 Unplanned Norway outage 🇺🇸 New LNG supply from US/elsewhere delayed 🇪🇬 Egypt flipped from exporter to importer 🇺🇦 Russia-Ukraine gas transit deal ending 🥶 And winter is starting https://t.co/HCG8U9XLfP" / X
New homes sales hit highest level in more than a year (qz.com) though now Mortgage rates back over 7.25%
(2) Republicans against Trump on X: "🚨The WSJ reports that Elon Musk has been in “regular contact” with Vladimir Putin since late 2022. According to this report, the Russian dictator asked Musk to deny Starlink services to Taiwan as a favor to Xi Jinping. https://t.co/ufK0gOHevi" / X
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