Category: November
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Daily Broad Market Recap – November 6, 2024
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Trump’s election victory dominated price action on Wednesday, sending most major assets to notable highs and lows. How did your favorite asset trade yesterday? Our deets: Titles: Trump’s expected election victory sent the US dollar, Treasury bond yields and stocks rising sharply German factory orders It jumped from -5.4% to…
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Daily Broad Market Recap – November 5, 2024
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All eyes were on the US elections on Tuesday, encouraging pre-event positioning and volatile price action among major assets. US dollar alternatives such as Bitcoin and gold rose, while US stocks found support from a potential Trump win. Titles: The Reserve Bank of Australia kept interest rates at 4.35% as…
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Daily Broad Market Recap – November 4, 2024
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Traders remained mostly on the sidelines on Monday, as traders priced in uncertainty over the US election and high-profile calendar events this week. However, crude oil got a small boost from OPEC+ delaying the plan to increase production, while Bitcoin, stocks and the US dollar unraveled some of the “Trump…
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1 Unique Stock-Split Stock That’s a Screaming Buy in November, and 2 to Avoid
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Although Wall Street was rightly fascinated by the long-term potential Artificial Intelligence (AI) – Analysts at PricewaterhouseCoopers believe that artificial intelligence could add $15.7 trillion to the global economy by 2030 – and the excitement surrounding stock splits has played a significant role in lifting Wall Street’s major stock indexes…
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Dogecoin Price Completes October In The Green, Here’s What Historical Data Says About November
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After Bitcoin’s recent upward trajectory, Dogecoin price It ended October in the green, recording its second-highest October monthly returns since 2014, according to Cryptorank historical data. Now, with the start of November, investors and market experts are looking forward to knowing what the month has in store for the popular…
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Global Market Weekly Recap: October 28 – November 1, 2024
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Market correlations were chaos for most of the week, with stocks and commodities moving according to their individual catalysts. Geopolitical tensions were still at the forefront, although OPEC+ updates and US inventory data also pushed crude oil prices. Meanwhile, gold and Bitcoin rose to all-time highs, while the US dollar…
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Money market account rates today, November 1, 2024 (up to 5.05% APY return)
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Between March 2022 and July 2023, the Fed raised its benchmark interest rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed cut the federal funds rate by 50 basis points in September. So, deposit rates—including interest rates on money market accounts—began to…
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Institutions Bet Bitcoin Exceeds $79,300 By End Of November
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This article is also available in Spanish. Institutional traders are betting that Bitcoin will rise to $79,300 by the end of November. This bullish sentiment is evident in recent trading activity on the Chicago Mercantile Exchange (CME), where Bitcoin options saw some of the highest trading volumes ahead of the…
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Institutions Bet Bitcoin Exceeds $79,300 By End Of November
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This article is also available in Spanish. Institutional traders are betting that Bitcoin will rise to $79,300 by the end of November. This bullish sentiment is evident in recent trading activity on the Chicago Mercantile Exchange (CME), where Bitcoin options saw some of the highest trading volumes ahead of the…
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Microsoft to let clients build AI agents for routine tasks from November
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By Aditya Soni (Reuters) – Microsoft will allow its customers to build autonomous artificial intelligence agents starting next month, in its latest effort to capitalize on the booming technology amid increasing investor scrutiny of its massive investments in artificial intelligence. The company is positioning autonomous agents — software that needs…
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Microsoft to let clients build AI agents for routine tasks from November
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By Aditya Soni (Reuters) – Microsoft will allow its customers to build autonomous artificial intelligence agents starting next month, in its latest effort to capitalize on the booming technology amid increasing investor scrutiny of its massive investments in artificial intelligence. The company is positioning autonomous agents — software that needs…
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Iceland PM Calls November Snap Vote as Coalition Disbanded
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Breadcrumb links BMN Business Iceland’s Prime Minister Bjarne Benediktsson has dissolved his coalition government and called snap elections on the North Atlantic island in late November. Article writer: Bloomberg News Ragnhildur Sigurdottir Posted on October 13, 2024 • Last updated 5 minutes ago • 3 minute read You can save…
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What’s the Best “Magnificent Seven” Stock to Buy if Trump Wins in November?
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Only once in US history has a former president who lost re-election after his first term been able to become president again. The last time this happened was in 1892 when Grover Cleveland became the first — and so far only — president to be elected to two non-consecutive terms.…
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Implied odds of a Fed pause in November rise to 22% after Bostic. Euro hits two-month low
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The US dollar jumped after Atlanta Fed President Rafael Bostic signaled he was open to a pause in November if data supports it. “I’m completely comfortable skipping a meeting if the data suggests that’s appropriate,” he told The New York Times. Wall Street Journal. With this, the implied odds of…
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3 of Wall Street’s Most Influential Stocks Can Plunge if Kamala Harris Wins in November
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Four weeks from today, on November 5, voters will determine the direction our great country will take over the next four years. Although every bill that comes out of Washington, D.C., has no impact on the stock market, the economic proposals that the next president and ultimately Congress put forward…
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Goldman Sachs on well above expectations US jobs report, see a 25bp Fed November rate cut
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Data linked from here: The jobs report came out very clear, beating even the highest estimates: (Note: If you don’t read posts like this from Giuseppe and I before important US economic releases, you will be blind) I’ve already posted some responses: And if you haven’t seen it, Goldman Sachs…
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Bank of America now sees Fed cutting 25 bps in November from 50 bps
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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CBA shifts expected RBA rate cut timing to December 2024 (from November)
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The Commonwealth Bank of Australia has decided to postpone the expected date of the Reserve Bank of Australia’s first interest rate cut from November 2024 to December 2024. Expect a 25 basis point cut. The recent strength in employment growth coupled with relatively hawkish rhetoric from the RBA Governor means…
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What’s the impact of the November US presidential election on Japanese automakers? By Investing.com
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Investing.com – The U.S. presidential election in November has major implications for Japanese automakers, as the candidates’ policies on climate change, trade and regulations will directly impact the industry. Analysts at Citi Research explored how the outcome of the election — whether Donald Trump or Kamala Harris — could reshape…
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Goldman Sachs see a Bank of England rate cut in November, with a cascade of cuts to follow
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…