Gold Talking Points: I went over gold in-depth in yesterday’s webinar, and this morning updates given the metal’s continued price action with bulls pushing up to another ATH just inside of the 2790 level. The current pullback feels similar to the prior episode, when gold stalled ahead of a test of the 2700 psychological level. In that iteration, prices then built a bull flag formation as three weeks of sideways grind appeared before buyers were ultimately able to force a push up and through the next big figure at 2700. I look at gold in-depth each week in the Tuesday webinar, and you’re welcome to join the next one. Psychological levels can have large impact on market pricing dynamics. This works in our everyday lives, as well, as most retailers on planet Earth use some form of pricing strategies designed to make their products seem less expensive. Ending a price in increments of 99 cents can help to induce demand as $9.99 seems much cheaper than just two cents below $10.01. In reality the difference is only about 2%, but as human beings, we value simplicity and for many of us, our brains do the work without us even noticing, where the $9.99 will feel like a value while $10.01 will feel less so. This can work in markets, too, especially a market like spot gold where not all activity is coming from speculators. As a case in point, the $2k level in gold held resistance for three-and-a-half years, even when the Fed was pedal to the floor with accommodation. But it was earlier this year, as the Fed was laying the groundwork for rate cuts even with inflation remaining elevated by most counts, that the metal was finally able to find some support around that prior resistance of $2k, eventually launching into a bullish move that hasn’t calmed since. I went over this in-depth in yesterday’s webinar and I also highlighted shorter-term situations around less rounded levels, such as the resistance in Q2 at 2400 and the support thereafter at 2300. Then the 2500 level played and that took some time to gain acceptance: There was a few weeks of range between 2575 and 2530 until price eventually broke out on the ECB rate cut, leaving 2500 behind and moving up to 2600 on the announcement of the FOMC rate decision. That was an interesting scenario, with that 2600 price trading for a few minutes after the FOMC statement release, only for price to recoil during the press conference until it found support at a minor psychological level of 2550. That led to the next run, with bulls making a strong push until price came less than $15 way from the 2700 level, which led to the bull flag. The point of this is that with a strong and well-entrenched trend, price getting close to the next major big figure has dissuaded bulls from chasing an already overbought trend and, instead, has allowed for a bit of pullback. That may be what we’re seeing already after buyers made a hard press to just about $10 away from the 2800 level.

Gold Talking Points: I went over gold in-depth in yesterday’s webinar, and this morning updates given the metal’s continued price action with bulls pushing up to another ATH just inside of the 2790 level. The current pullback feels similar to the prior episode, when gold stalled ahead of a test of the 2700 psychological level. In that iteration, prices then built a bull flag formation as three weeks of sideways grind appeared before buyers were ultimately able to force a push up and through the next big figure at 2700. I look at gold in-depth each week in the Tuesday webinar, and you’re welcome to join the next one. Psychological levels can have large impact on market pricing dynamics. This works in our everyday lives, as well, as most retailers on planet Earth use some form of pricing strategies designed to make their products seem less expensive. Ending a price in increments of 99 cents can help to induce demand as $9.99 seems much cheaper than just two cents below $10.01. In reality the difference is only about 2%, but as human beings, we value simplicity and for many of us, our brains do the work without us even noticing, where the $9.99 will feel like a value while $10.01 will feel less so. This can work in markets, too, especially a market like spot gold where not all activity is coming from speculators. As a case in point, the $2k level in gold held resistance for three-and-a-half years, even when the Fed was pedal to the floor with accommodation. But it was earlier this year, as the Fed was laying the groundwork for rate cuts even with inflation remaining elevated by most counts, that the metal was finally able to find some support around that prior resistance of $2k, eventually launching into a bullish move that hasn’t calmed since. I went over this in-depth in yesterday’s webinar and I also highlighted shorter-term situations around less rounded levels, such as the resistance in Q2 at 2400 and the support thereafter at 2300. Then the 2500 level played and that took some time to gain acceptance: There was a few weeks of range between 2575 and 2530 until price eventually broke out on the ECB rate cut, leaving 2500 behind and moving up to 2600 on the announcement of the FOMC rate decision. That was an interesting scenario, with that 2600 price trading for a few minutes after the FOMC statement release, only for price to recoil during the press conference until it found support at a minor psychological level of 2550. That led to the next run, with bulls making a strong push until price came less than $15 way from the 2700 level, which led to the bull flag. The point of this is that with a strong and well-entrenched trend, price getting close to the next major big figure has dissuaded bulls from chasing an already overbought trend and, instead, has allowed for a bit of pullback. That may be what we’re seeing already after buyers made a hard press to just about $10 away from the 2800 level.

Euro Outlook: EUR/USD EUR/USD extends the advance from the start of the week as the Euro Area Gross Domestic Product (GDP) report shows a larger-than-expected rise in the growth rate, and the exchange rate may further retrace the decline from the start of the month as the Relative Strength Index (RSI) continues to recover from oversold territory. Euro Forecast: EUR/USD Recovery Persists Ahead of Euro Area CPI Report EUR/USD trades to a fresh weekly high (1.0871) as the Euro Area expands 0.4% in the third quarter of 2024 versus forecasts for a 0.2% print, and little signs of an imminent recession may encourage the European Central Bank (ECB) to the keep interest rates on hold following the 25bp rate cut at the October meeting. Join David Song for the Weekly Fundamental Market Outlook webinar. David provides a market overview and takes questions in real-time. Register Here In turn, the ECB may continue to unwind its restrictive policy at a gradual pace as the central bank is ‘determined to ensure that inflation returns to our two per cent medium-term target in a timely manner,’ but the update to the Euro Area Consumer Price Index (CPI) may put pressure on the central bank to achieve a neutral policy sooner rather than later as the report is anticipated to show another slowdown in core inflation

Euro Outlook: EUR/USD EUR/USD extends the advance from the start of the week as the Euro Area Gross Domestic Product (GDP) report shows a larger-than-expected rise in the growth rate, and the exchange rate may further retrace the decline from the start of the month as the Relative Strength Index (RSI) continues to recover from oversold territory. Euro Forecast: EUR/USD Recovery Persists Ahead of Euro Area CPI Report EUR/USD trades to a fresh weekly high (1.0871) as the Euro Area expands 0.4% in the third quarter of 2024 versus forecasts for a 0.2% print, and little signs of an imminent recession may encourage the European Central Bank (ECB) to the keep interest rates on hold following the 25bp rate cut at the October meeting. Join David Song for the Weekly Fundamental Market Outlook webinar. David provides a market overview and takes questions in real-time. Register Here In turn, the ECB may continue to unwind its restrictive policy at a gradual pace as the central bank is ‘determined to ensure that inflation returns to our two per cent medium-term target in a timely manner,’ but the update to the Euro Area Consumer Price Index (CPI) may put pressure on the central bank to achieve a neutral policy sooner rather than later as the report is anticipated to show another slowdown in core inflation

Silver Technical Forecast: XAG/USD Weekly Trade Levels Silver breakout extends more than 14.5% off monthly low- key technical resistance in view XAG/USD risk for exhaustion / price inflection into monthly cross- broader outlook remains constructive Resistance 35.24-36.01 (key), 37.50/83, 41.36– Support 32.53, 31.49, 29.86-30.09 (key) Silver prices have surged more than 46% since the start of the year with the recent breakout in XAG/USD now approaching long-term technical resistance. The focus is on a reaction into this key zone in the weeks ahead with the broader multi-year advance vulnerable into the monthly cross. Battle lines drawn on the silver weekly technical chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this silver setup and more. Join live on Monday’s at 8:30am EST. Silver Price Chart – XAG/USD Weekly Technical Outlook: Silver prices have rallied nearly 32% off the August low with the multi-month advance now approaching a major technical confluence at 35.24-36.01 – a region defined by the 61.8% retracement of the 2011 decline, the 2011 May weekly reversal close, and the 100% extension of the 2020 rally. Note that a last week’s Doji candle highlights the threat for potential exhaustion / price inflection into this region with the broader outlook vulnerable while below the upper parallels. Initial weekly support now rests with the May high / 1.382% extension of the 2022 advance at 32.53 and is backed by the May high-close at 31.49. Broader bullish invalidation rests with the 2020 /2021 highs at 29.86-30.09- losses below this threshold would suggest a more significant high was registered. A topside breach / close above 36.01 would threaten another accelerated advance with subsequent resistance objectives eyed at the 2012 high / 200% extension at 37.49/83 and the August 2011 high-week close at 41.36.

Silver Technical Forecast: XAG/USD Weekly Trade Levels Silver breakout extends more than 14.5% off monthly low- key technical resistance in view XAG/USD risk for exhaustion / price inflection into monthly cross- broader outlook remains constructive Resistance 35.24-36.01 (key), 37.50/83, 41.36– Support 32.53, 31.49, 29.86-30.09 (key) Silver prices have surged more than 46% since the start of the year with the recent breakout in XAG/USD now approaching long-term technical resistance. The focus is on a reaction into this key zone in the weeks ahead with the broader multi-year advance vulnerable into the monthly cross. Battle lines drawn on the silver weekly technical chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this silver setup and more. Join live on Monday’s at 8:30am EST. Silver Price Chart – XAG/USD Weekly Technical Outlook: Silver prices have rallied nearly 32% off the August low with the multi-month advance now approaching a major technical confluence at 35.24-36.01 – a region defined by the 61.8% retracement of the 2011 decline, the 2011 May weekly reversal close, and the 100% extension of the 2020 rally. Note that a last week’s Doji candle highlights the threat for potential exhaustion / price inflection into this region with the broader outlook vulnerable while below the upper parallels. Initial weekly support now rests with the May high / 1.382% extension of the 2022 advance at 32.53 and is backed by the May high-close at 31.49. Broader bullish invalidation rests with the 2020 /2021 highs at 29.86-30.09- losses below this threshold would suggest a more significant high was registered. A topside breach / close above 36.01 would threaten another accelerated advance with subsequent resistance objectives eyed at the 2012 high / 200% extension at 37.49/83 and the August 2011 high-week close at 41.36.

GBP/USD rises ahead of a key week with election, BoE & Fed rate decisions GBP/USD is inching higher amid a weaker USD and ahead of a busy week, with US elections and rate cuts expected from the Federal Reserve and the BoE. The pound is rebounding after falling last week as the market digested Labor's budget, which brought with it higher taxes, borrowing, and investing. While the market lowered BoE rate cut expectations GBP still fell amid concerns over growth. Attention will now turn to the Bank of England interest rate decision later this week. The central bank is expected to cut rates by 25 basis points, although the probability of this happening has lowered from last week. BoE governor Andrew Bailey is unlikely to guide for another rate cut this year. Meanwhile, the US dollar is falling away from a three-month high in nervous trade ahead of tomorrow's election and Thursday's FOMC rate decision As expectations of a Trump win have lowered on the Polymarket, and the US dollar is falling as the Trump trades unwind slightly. Meanwhile, the Federal Reserve is expected to cut rates by 25 basis points on Thursday, marking the second straight rate cut after an outsized reduction in September. Mixed data last week, including a hotter-than-expected core PCE and a weaker-than-expected nonfarm payroll report, haven't materially changed the outlook for the Federal Reserve, which is expected to continue gradually cutting rates. Looking ahead, US factory orders will be released later today. They are expected to show that orders fell 0.4% Month over Month after falling 0.2% previously. The data will play second fiddle to the election nerves. GBP/USD forecast – technical analysis GBP/USD has recovered from a low of 1.2840, pushing back above 1.29 and the rising trendline dating back to mid-May. Buyers need to rise above the psychological level of 1.30 to negate the near-term downtrend. Above here, 1.31 comes into play. Failure to rise above 1.30 keeps sellers in control, with 1.2840 and the 200 SMA at 1.2810 targets on the downside.

GBP/USD rises ahead of a key week with election, BoE & Fed rate decisions GBP/USD is inching higher amid a weaker USD and ahead of a busy week, with US elections and rate cuts expected from the Federal Reserve and the BoE. The pound is rebounding after falling last week as the market digested Labor's budget, which brought with it higher taxes, borrowing, and investing. While the market lowered BoE rate cut expectations GBP still fell amid concerns over growth. Attention will now turn to the Bank of England interest rate decision later this week. The central bank is expected to cut rates by 25 basis points, although the probability of this happening has lowered from last week. BoE governor Andrew Bailey is unlikely to guide for another rate cut this year. Meanwhile, the US dollar is falling away from a three-month high in nervous trade ahead of tomorrow's election and Thursday's FOMC rate decision As expectations of a Trump win have lowered on the Polymarket, and the US dollar is falling as the Trump trades unwind slightly. Meanwhile, the Federal Reserve is expected to cut rates by 25 basis points on Thursday, marking the second straight rate cut after an outsized reduction in September. Mixed data last week, including a hotter-than-expected core PCE and a weaker-than-expected nonfarm payroll report, haven't materially changed the outlook for the Federal Reserve, which is expected to continue gradually cutting rates. Looking ahead, US factory orders will be released later today. They are expected to show that orders fell 0.4% Month over Month after falling 0.2% previously. The data will play second fiddle to the election nerves. GBP/USD forecast – technical analysis GBP/USD has recovered from a low of 1.2840, pushing back above 1.29 and the rising trendline dating back to mid-May. Buyers need to rise above the psychological level of 1.30 to negate the near-term downtrend. Above here, 1.31 comes into play. Failure to rise above 1.30 keeps sellers in control, with 1.2840 and the 200 SMA at 1.2810 targets on the downside.

The immediate response in the commodities space to the Republican’s clean sweep victory has been a bearish one - especially for industrial metals. Copper and silver fell over 4% each, tracking weaker iron ore prices, while gold was off by around 3%. Crude prices fell too but came sharply off their earlier lows. In light of Trump’s clean sweep, the crude oil forecast has turned modestly bearish as I will explain in this short article. Crude oil forecast undermined by Trump victory While campaigning, Trump promised to lift restrictions on domestic fossil-fuel production, and said he plans a wide range of tariffs on imported goods. Crude oil could come under pressure because of potential for increased drilling activity could lead to more US oil production. Today, the downside has been limited so far because of the risk rally with US indices hitting record levels. But oil is more likely to test recent lows I would say, and the trigger would be if WTI breaks Friday’s low around $69.29. As well as increased drilling in the U.S., and a stronger U.S. dollar, tariffs could hurt demand in key markets such as China. If commodities remain under pressure given Trump’s promise of tariffs on imported goods, especially from China, this should also be a factor that crude oil traders will take into account. Industrial metals could be a particular weak spot and we have seen copper and iron ore being hurt sharply today. The stronger USD and yields are also hurting gold as the opportunity cost of holding the non-interest-bearing asset climb. There is now the risk that the FOMC may slow its rate-cutting pace. This is because inflation may re-ignite with Trump’s policies. If interest rates remain high, this could ultimately weigh on demand for oil.

The immediate response in the commodities space to the Republican’s clean sweep victory has been a bearish one - especially for industrial metals. Copper and silver fell over 4% each, tracking weaker iron ore prices, while gold was off by around 3%. Crude prices fell too but came sharply off their earlier lows. In light of Trump’s clean sweep, the crude oil forecast has turned modestly bearish as I will explain in this short article. Crude oil forecast undermined by Trump victory While campaigning, Trump promised to lift restrictions on domestic fossil-fuel production, and said he plans a wide range of tariffs on imported goods. Crude oil could come under pressure because of potential for increased drilling activity could lead to more US oil production. Today, the downside has been limited so far because of the risk rally with US indices hitting record levels. But oil is more likely to test recent lows I would say, and the trigger would be if WTI breaks Friday’s low around $69.29. As well as increased drilling in the U.S., and a stronger U.S. dollar, tariffs could hurt demand in key markets such as China. If commodities remain under pressure given Trump’s promise of tariffs on imported goods, especially from China, this should also be a factor that crude oil traders will take into account. Industrial metals could be a particular weak spot and we have seen copper and iron ore being hurt sharply today. The stronger USD and yields are also hurting gold as the opportunity cost of holding the non-interest-bearing asset climb. There is now the risk that the FOMC may slow its rate-cutting pace. This is because inflation may re-ignite with Trump’s policies. If interest rates remain high, this could ultimately weigh on demand for oil.

On Friday USD/JPY fell towards 147.50. After trading above 148.00 in early Asia USD/JPY has now extended its down draft to lows just above 147.00. .. There is no obvious smoking gun, apart from the continuation of the downtrend since 149

On Friday USD/JPY fell towards 147.50. After trading above 148.00 in early Asia USD/JPY has now extended its down draft to lows just above 147.00. .. There is no obvious smoking gun, apart from the continuation of the downtrend since 149

Later Allow Notifications Home / India News / Highlights: India's forex reserves drop by $4.8 bn to $670 bn for the week ended August 9, says RBI Highlights: India's forex reserves drop by $4.8 bn to $670 bn for the week ended August 9, says RBI Latest news updates: Catch all the news developments from around the world here

Later Allow Notifications Home / India News / Highlights: India's forex reserves drop by $4.8 bn to $670 bn for the week ended August 9, says RBI Highlights: India's forex reserves drop by $4.8 bn to $670 bn for the week ended August 9, says RBI Latest news updates: Catch all the news developments from around the world here

If payrolls fall below 100k today and unemployment surprisingly creeps higher, then we see a 50bp Fed cut in September becoming the market’s base case, which would result in big USD losses. Anything closer to the consensus 165k and a stable unemployment print would make 25bp more likely on the margin, and any USD weakness may fade quickly

If payrolls fall below 100k today and unemployment surprisingly creeps higher, then we see a 50bp Fed cut in September becoming the market’s base case, which would result in big USD losses. Anything closer to the consensus 165k and a stable unemployment print would make 25bp more likely on the margin, and any USD weakness may fade quickly

Today, EUR/USD has experienced its largest single-day decline since 2016, marking a pivotal moment in the forex market. This drop reflects market reactions to economic data and interest rate expectations. Traders are witnessing intense volatility, presenting both risks and potential opportunities. 📊 Key Takeaways: Market Sentiment: Risk-off sentiment as investors shift portfolios. Possible Support Levels: Watch for potential rebounds or further declines. Opportunities Ahead: Stay updated for trading setups on the 4H and daily timeframes. Stay cautious and informed as the market navigates these movements! #EURUSD #ForexNews #ForexTrading #MarketAnalysis #EURDrop #Trading #ForexSignals #FXMarket #EURUSDAnalysis #ForexUpdates #CurrencyTrading #TradingCommunity

Today, EUR/USD has experienced its largest single-day decline since 2016, marking a pivotal moment in the forex market. This drop reflects market reactions to economic data and interest rate expectations. Traders are witnessing intense volatility, presenting both risks and potential opportunities. 📊 Key Takeaways: Market Sentiment: Risk-off sentiment as investors shift portfolios. Possible Support Levels: Watch for potential rebounds or further declines. Opportunities Ahead: Stay updated for trading setups on the 4H and daily timeframes. Stay cautious and informed as the market navigates these movements! #EURUSD #ForexNews #ForexTrading #MarketAnalysis #EURDrop #Trading #ForexSignals #FXMarket #EURUSDAnalysis #ForexUpdates #CurrencyTrading #TradingCommunity

The US Dollar (USD) is finding it difficult to stay resilient against its major rivals in the European morning on Wednesday. Eurostat will publish the preliminary Gross Domestic Product (GDP) data for the first quarter. Later in the day, the Consumer Price Index and Retail Sales data for April will be featured in the US economic docket alongside the NY Empire State Manufacturing Index. US CPI set to grow at slower pace in April amid mounting concerns about inflation pickup. The US Bureau of Labor Statistics reported on Tuesday that the Producer Price Index (PPI) rose 2.2% on a yearly basis in April. This reading followed the 1.8% increase recorded in March and came in line with the market expectation. Although the initial market reaction helped the USD gather strength, the improving risk mood caused the currency to lose its traction later in the American session. The USD Index closed the second consecutive day in negative territory on Tuesday and was last seen fluctuating below 105.00. Meanwhile, US stock index futures trade mixed early Wednesday after Wall Street's main indexes gained between 0.3% and 0.7% on Tuesday. Finally, the benchmark 10-year US Treasury bond yield edges lower toward 4.4%.

The US Dollar (USD) is finding it difficult to stay resilient against its major rivals in the European morning on Wednesday. Eurostat will publish the preliminary Gross Domestic Product (GDP) data for the first quarter. Later in the day, the Consumer Price Index and Retail Sales data for April will be featured in the US economic docket alongside the NY Empire State Manufacturing Index. US CPI set to grow at slower pace in April amid mounting concerns about inflation pickup. The US Bureau of Labor Statistics reported on Tuesday that the Producer Price Index (PPI) rose 2.2% on a yearly basis in April. This reading followed the 1.8% increase recorded in March and came in line with the market expectation. Although the initial market reaction helped the USD gather strength, the improving risk mood caused the currency to lose its traction later in the American session. The USD Index closed the second consecutive day in negative territory on Tuesday and was last seen fluctuating below 105.00. Meanwhile, US stock index futures trade mixed early Wednesday after Wall Street's main indexes gained between 0.3% and 0.7% on Tuesday. Finally, the benchmark 10-year US Treasury bond yield edges lower toward 4.4%.

American International Group (AIG) is set to report its Q3 2024 earnings on November 4, 2024. Wall Street expects a year-over-year decline in both earnings and revenue. AIG is forecasted to post an EPS of $1.13, down 29.8% from the previous year, with revenues anticipated at $6.62 billion, a sharp 41.7% drop from the same quarter last year. The insurer's stock has risen 12% year-to-date but has underperformed compared to its industry competitors, which have grown by around 20% over the same period. In the last reported quarter, AIG posted an EPS of $1.16, missing expectations of $1.39 by -16.55%. Should AIG beat these Q3 expectations, the stock could see upward momentum; a miss, however, could drive it lower. Factors Impacting AIG’s Performance: Streamlined Operations and Core Focus: AIG has been focused on streamlining operations by shedding non-core assets to concentrate on core insurance businesses. The recent deconsolidation of Corebridge in Q2 is expected to reduce portfolio volatility, improve cash liquidity, and accelerate capital deployment. Leadership Changes and Cost Discipline: Recent leadership changes are aimed at better aligning operations and increasing efficiencies. Adjustments to the business mix and cost discipline are likely to improve the company’s expense ratio, supporting higher operating margins in the future. Valuation Concerns: AIG currently trades at 11.7x forward earnings, above its five-year median of 9.69x and the industry average of 9.27x. This higher valuation, combined with the company’s significant leverage and relatively low return on equity (ROE) of 9.52% (compared to the industry’s 16.09%), suggests that the stock may be overvalued relative to its peers. Investment Outlook: Positives for Current Investors: AIG’s streamlined focus on core insurance operations and enhanced expense management could yield long-term benefits, making it an attractive hold for existing investors looking for stable growth and improved operating margins. Caution for New Investors: With AIG’s relatively high valuation, lower ROE, and significant debt-to-capital ratio, new investors may prefer to wait for a more favorable entry point. The upcoming earnings release may provide additional insights into the company’s operational efficiency and progress in achieving its strategic goals. In summary, AIG’s focus on core insurance activities and operational improvements are promising for long-term growth, but higher-than-average valuation and leverage suggest that potential investors should approach with caution until more clarity from the earnings report. Palantir (PLTR) Q3 2024 Earnings Preview Earnings Release Date: November 4, 2024 (After Market Close) Expected EPS: $0.09 Expected Revenue: $703.7 million (+26.1% YoY) Palantir Technologies (NYSE: PLTR) will report its Q3 2024 earnings today after the market closes. Last quarter, Palantir exceeded revenue expectations by 3.9%, reporting $678.1 million in revenue, an increase of 27.2% year-over-year. For Q3, analysts project Palantir’s revenue to grow 26.1% YoY to $703.7 million, with adjusted earnings expected at $0.09 per share.

American International Group (AIG) is set to report its Q3 2024 earnings on November 4, 2024. Wall Street expects a year-over-year decline in both earnings and revenue. AIG is forecasted to post an EPS of $1.13, down 29.8% from the previous year, with revenues anticipated at $6.62 billion, a sharp 41.7% drop from the same quarter last year. The insurer's stock has risen 12% year-to-date but has underperformed compared to its industry competitors, which have grown by around 20% over the same period. In the last reported quarter, AIG posted an EPS of $1.16, missing expectations of $1.39 by -16.55%. Should AIG beat these Q3 expectations, the stock could see upward momentum; a miss, however, could drive it lower. Factors Impacting AIG’s Performance: Streamlined Operations and Core Focus: AIG has been focused on streamlining operations by shedding non-core assets to concentrate on core insurance businesses. The recent deconsolidation of Corebridge in Q2 is expected to reduce portfolio volatility, improve cash liquidity, and accelerate capital deployment. Leadership Changes and Cost Discipline: Recent leadership changes are aimed at better aligning operations and increasing efficiencies. Adjustments to the business mix and cost discipline are likely to improve the company’s expense ratio, supporting higher operating margins in the future. Valuation Concerns: AIG currently trades at 11.7x forward earnings, above its five-year median of 9.69x and the industry average of 9.27x. This higher valuation, combined with the company’s significant leverage and relatively low return on equity (ROE) of 9.52% (compared to the industry’s 16.09%), suggests that the stock may be overvalued relative to its peers. Investment Outlook: Positives for Current Investors: AIG’s streamlined focus on core insurance operations and enhanced expense management could yield long-term benefits, making it an attractive hold for existing investors looking for stable growth and improved operating margins. Caution for New Investors: With AIG’s relatively high valuation, lower ROE, and significant debt-to-capital ratio, new investors may prefer to wait for a more favorable entry point. The upcoming earnings release may provide additional insights into the company’s operational efficiency and progress in achieving its strategic goals. In summary, AIG’s focus on core insurance activities and operational improvements are promising for long-term growth, but higher-than-average valuation and leverage suggest that potential investors should approach with caution until more clarity from the earnings report. Palantir (PLTR) Q3 2024 Earnings Preview Earnings Release Date: November 4, 2024 (After Market Close) Expected EPS: $0.09 Expected Revenue: $703.7 million (+26.1% YoY) Palantir Technologies (NYSE: PLTR) will report its Q3 2024 earnings today after the market closes. Last quarter, Palantir exceeded revenue expectations by 3.9%, reporting $678.1 million in revenue, an increase of 27.2% year-over-year. For Q3, analysts project Palantir’s revenue to grow 26.1% YoY to $703.7 million, with adjusted earnings expected at $0.09 per share.

Wednesday's indecisive action, USD/JPY gathered bullish momentum and touched its highest level in 38 years near 162.00 early Wednesday. GBP/USD continues to edge higher and trades within a touching distance of 1.2700 after closing in positive territory on Tuesday. The UK general election will take place on Thursday. EUR/USD registered small gains on Tuesday and stabilized near 1.0750 early Wednesday. Eurostat will release Producer Price Index data for May and several ECB policymakers will be delivering speeches later in the session. The data from Australia showed earlier in the day that Retail Sales rose 0.6% on a monthly basis in May. Meanwhile, Caixin Services PMI in China declined to 51.2 in June from 54 in May. AUD/USD holds its ground following these data releases and trades in positive territory near 0.6700. Gold failed to make a decisive move in either direction on Tuesday but gathered bullish momentum early Wednesday. At the time of press, XAU/USD was up nearly 0.5% on the day at $2,340.

Wednesday's indecisive action, USD/JPY gathered bullish momentum and touched its highest level in 38 years near 162.00 early Wednesday. GBP/USD continues to edge higher and trades within a touching distance of 1.2700 after closing in positive territory on Tuesday. The UK general election will take place on Thursday. EUR/USD registered small gains on Tuesday and stabilized near 1.0750 early Wednesday. Eurostat will release Producer Price Index data for May and several ECB policymakers will be delivering speeches later in the session. The data from Australia showed earlier in the day that Retail Sales rose 0.6% on a monthly basis in May. Meanwhile, Caixin Services PMI in China declined to 51.2 in June from 54 in May. AUD/USD holds its ground following these data releases and trades in positive territory near 0.6700. Gold failed to make a decisive move in either direction on Tuesday but gathered bullish momentum early Wednesday. At the time of press, XAU/USD was up nearly 0.5% on the day at $2,340.

The US Dollar seesawed between gains and losses, ending the day mixed across the FX board after United States (US) data brought relief. Speculative interest dropped concerns about a potential recession in the world’s largest economy following the release of healthy employment-related figures and upbeat Retail Sales. Other figures were not that encouraging but fell short of reviving concerns or affecting the odds for a September interest rate cut. Stocks made the most out of it, as Wall Street extended its rally to fresh weekly highs, with the three major indexes holding on to substantial gains at the end of the day. The Euro lost the 1.1000 mark versus the US Dollar and settled around 1.0970, while GBP/USD managed to end the day at around 1.2860, as Sterling Pound found support in local data. The UK Q2 Gross Domestic Product (GDP) showed the economy grew 0.6% in the three months to June as expected. Additionally, Manufacturing Production rose 1.1% MoM in June, surpassing expectations.

The US Dollar seesawed between gains and losses, ending the day mixed across the FX board after United States (US) data brought relief. Speculative interest dropped concerns about a potential recession in the world’s largest economy following the release of healthy employment-related figures and upbeat Retail Sales. Other figures were not that encouraging but fell short of reviving concerns or affecting the odds for a September interest rate cut. Stocks made the most out of it, as Wall Street extended its rally to fresh weekly highs, with the three major indexes holding on to substantial gains at the end of the day. The Euro lost the 1.1000 mark versus the US Dollar and settled around 1.0970, while GBP/USD managed to end the day at around 1.2860, as Sterling Pound found support in local data. The UK Q2 Gross Domestic Product (GDP) showed the economy grew 0.6% in the three months to June as expected. Additionally, Manufacturing Production rose 1.1% MoM in June, surpassing expectations.

The US Dollar (USD) suffered large losses against its major rivals on Thursday following June inflation data. After dropping to its weakest level in over a month near 104.00, the USD Index staged a rebound in the late American session and entered a consolidation phase at around 104.50 early Friday. The US economic calendar will feature Producer Price Index (PPI) data for June and the University of Michigan's preliminary Consumer Sentiment Index for July. EUR/USD gathered bullish momentum and tested 1.0900 during the American trading hours on Thursday. After meeting resistance at this level, the pair corrected lower but managed to stabilize above 1.0850. At the time of press, EUR/USD was moving sideways at around 1.0870. GBP/USD extended its weekly rally and reached its highest level in nearly a year near 1.2950 on Thursday. The pair stays in a consolidation phase above 1.2900 in the European morning on Friday. USD/JPY declined sharply after the US inflation data and lost nearly 2% on a daily basis. The severity of the pair's decline caused markets to wonder whether there was an intervention. Early Friday, USD/JPY holds steady above 159.00. Gold benefited from falling US Treasury bond yields and the broad-based USD weakness on Thursday, reaching its highest level since late May above $2,420. XAU/USD edges lower early Friday but holds above $2,400.

The US Dollar (USD) suffered large losses against its major rivals on Thursday following June inflation data. After dropping to its weakest level in over a month near 104.00, the USD Index staged a rebound in the late American session and entered a consolidation phase at around 104.50 early Friday. The US economic calendar will feature Producer Price Index (PPI) data for June and the University of Michigan's preliminary Consumer Sentiment Index for July. EUR/USD gathered bullish momentum and tested 1.0900 during the American trading hours on Thursday. After meeting resistance at this level, the pair corrected lower but managed to stabilize above 1.0850. At the time of press, EUR/USD was moving sideways at around 1.0870. GBP/USD extended its weekly rally and reached its highest level in nearly a year near 1.2950 on Thursday. The pair stays in a consolidation phase above 1.2900 in the European morning on Friday. USD/JPY declined sharply after the US inflation data and lost nearly 2% on a daily basis. The severity of the pair's decline caused markets to wonder whether there was an intervention. Early Friday, USD/JPY holds steady above 159.00. Gold benefited from falling US Treasury bond yields and the broad-based USD weakness on Thursday, reaching its highest level since late May above $2,420. XAU/USD edges lower early Friday but holds above $2,400.

EUR/USD made a sharp U-turn and plummeted to the 1.0680 region in response to the robust performance of the Greenback. Germany’s Balance of Trade results and Industrial Production are due, along with the HCOB Construction PMI in Germany and the euro area, as well as Retail Sales in the bloc. In addition, the ECB’s Elderson, Buch, Lane, and Schnabel are all due to speak. GBP/USD followed its risk peers and broke below the 1.2900 support following the strong resurgence of the bid bias in the US Dollar. The release of the Halifax House Prices Index will precede the BoE’s interest rate decision and the speech by Governor Bailey. USD/JPY advanced to levels last seen in late July past the 154.00 barrier on the back of the intense bid bias in the Greenback after Trump wan the US election. Average Cash Earnings, and weekly Foreign Bond Investment figures are due. AUD/USD plummeted to the vicinity of the 0.6500 support, where some contention appears to have turned up so far. Australia’s Balance of Trade, Private House Approvals, and Building Permits are all expected Down Under. Prices of WTI managed to regain some balance following the early breakdown of the key $70.00 mark per barrel amidst a stronger dollar and the weekly build of US crude oil inventories, as per the EIA’s report. Prices of Gold retreated to three-week lows near $2,650 per ounce troy in response to the firmer dollar and higher US yields across the board. By the same token, Silver Prices sold off sharply to three-week lows in the sub-$31.00 region.

EUR/USD made a sharp U-turn and plummeted to the 1.0680 region in response to the robust performance of the Greenback. Germany’s Balance of Trade results and Industrial Production are due, along with the HCOB Construction PMI in Germany and the euro area, as well as Retail Sales in the bloc. In addition, the ECB’s Elderson, Buch, Lane, and Schnabel are all due to speak. GBP/USD followed its risk peers and broke below the 1.2900 support following the strong resurgence of the bid bias in the US Dollar. The release of the Halifax House Prices Index will precede the BoE’s interest rate decision and the speech by Governor Bailey. USD/JPY advanced to levels last seen in late July past the 154.00 barrier on the back of the intense bid bias in the Greenback after Trump wan the US election. Average Cash Earnings, and weekly Foreign Bond Investment figures are due. AUD/USD plummeted to the vicinity of the 0.6500 support, where some contention appears to have turned up so far. Australia’s Balance of Trade, Private House Approvals, and Building Permits are all expected Down Under. Prices of WTI managed to regain some balance following the early breakdown of the key $70.00 mark per barrel amidst a stronger dollar and the weekly build of US crude oil inventories, as per the EIA’s report. Prices of Gold retreated to three-week lows near $2,650 per ounce troy in response to the firmer dollar and higher US yields across the board. By the same token, Silver Prices sold off sharply to three-week lows in the sub-$31.00 region.

The Prime minister of india, Narenda Modi released a new business policy that can impact the indian stock market. All eyes on the selected date for the policy to take effect

The Prime minister of india, Narenda Modi released a new business policy that can impact the indian stock market. All eyes on the selected date for the policy to take effect

Gold is trading lower today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bearish scenario for gold in the short-term as it would make the tax cuts easier to pass which should lead to higher growth and less rate cuts expectations. As of now, the probabilities are in favour of the Republicans. Given the above and the strong US data we keep on getting, the Fed might start to change its stance, and we could see a much earlier than expected pause in 2025.

Gold is trading lower today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bearish scenario for gold in the short-term as it would make the tax cuts easier to pass which should lead to higher growth and less rate cuts expectations. As of now, the probabilities are in favour of the Republicans. Given the above and the strong US data we keep on getting, the Fed might start to change its stance, and we could see a much earlier than expected pause in 2025.

The cryptocurrency market is evolving rapidly, and with it, advanced financial instruments like futures and options have emerged as popular tools for traders seeking to maximize their investment strategies. While these derivatives allow for speculative trades and strategic risk management, they each have unique characteristics, pros and cons, and complexities that make them suitable for different types of traders. As these instruments gain popularity, especially in crypto-focused financial hubs often termed as "Crypto Cities," understanding the nuances between futures and options has become essential for modern investors. In this article, we’ll take an in-depth look at the mechanisms behind futures and options, their applications in cryptocurrency markets, and which scenarios favor each instrument. Whether you are looking to leverage a small investment into potentially higher returns or hedge your existing crypto holdings, this guide will provide you with a comprehensive understanding of futures and options and how they fit into the ever-expanding landscape of crypto trading.

The cryptocurrency market is evolving rapidly, and with it, advanced financial instruments like futures and options have emerged as popular tools for traders seeking to maximize their investment strategies. While these derivatives allow for speculative trades and strategic risk management, they each have unique characteristics, pros and cons, and complexities that make them suitable for different types of traders. As these instruments gain popularity, especially in crypto-focused financial hubs often termed as "Crypto Cities," understanding the nuances between futures and options has become essential for modern investors. In this article, we’ll take an in-depth look at the mechanisms behind futures and options, their applications in cryptocurrency markets, and which scenarios favor each instrument. Whether you are looking to leverage a small investment into potentially higher returns or hedge your existing crypto holdings, this guide will provide you with a comprehensive understanding of futures and options and how they fit into the ever-expanding landscape of crypto trading.

The US Dollar is higher across the board today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bullish scenario for the greenback as it would make the tax cuts easier to pass which should lead to higher growth and less rate cuts expectations. As of now, the probabilities are in favour of the Republicans.

The US Dollar is higher across the board today as Trump got elected President of the US. The Republicans won the Senate, and they just need the House now to get a red sweep. That is the most bullish scenario for the greenback as it would make the tax cuts easier to pass which should lead to higher growth and less rate cuts expectations. As of now, the probabilities are in favour of the Republicans.

forex trading tips I learn a lot

forex trading tips I learn a lot