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Fed rate pause, Nvidia disappointment weigh on Wall Street - Stock Markets

Nvidia earnings fail to re-energize Wall Street bullsFed’s December rate cut hangs in the balanceGeopolitical risks also keep positive sentiment in checkNvidia beats earnings expectationsAI darling, Nvidia, delivered stellar earnings results on Wednesday after the market close, beating both revenue and earnings per share forecasts. The company also issued fourth quarter guidance that was above analysts’ estimates.However, investors had clearly set even higher expectations as the stock fell i
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Technical Analysis – Nvidia’s stock returns to bullish area

Nvidia’s stock turns green, aims for bullish continuationTechnical signals are positive; buyers eye 151.40 levelQ3 earnings could come stronger, albeit at a slower annual pace Nvidia’s stock has powered up and it’s heading toward its all-time high of 149.47 after a brief retreat to a two-week low of 136.87 earlier this week.Technically, the latest pullback was merely a pause in the broad bullish trend in the four-hour chart.
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Volatility returns to normal levels after US election calmness – Volatility Watch

Euro/dollar volatility edged higherVolatility remains low in the commodities spaceStock indices experience average volatility despite selloffEuro/dollar volatility has edged higher, as the dollar continued to gain from Trump’s recent win, pushing the euro/dollar pair to a one-year low. Interestingly, last week's change in Fed Chair Powell’s stance regarding the timing of the next rate cuts did not materially benefit the dollar.
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Technical Analysis – US 500 show signs of fatigue

US 500 stock index flatlines near all-time highOverbought signals detected, price trades near key resistanceThe US 500 stock index held steady near its all-time high of 6,027 for the second consecutive day after the headline US CPI inflation data came in line with expectations, showing a modest increase of 2.6% year-on-year.Technically, the latest rally halted near the ascending line which connects the highs from July 2023 and July 2024 and the 161.8% Fibonacci extension of the July-August dow
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Wall Street’s post-election rally loses some steam – Stock Markets

US major indices end 5-day rally as profit taking sets inBut bullish structure remains firmly in placeFocus on Trump’s cabinet ahead of Nvidia earnings‘Trump trade’ in full swingUS voters may have given Donard Trump a resounding yes, but investors gave their own thumbs up to the incoming Republican administration by pushing shares on Wall Street to all-time highs.
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Technical Analysis – JP 225 index hits wall again at 78.6% Fibonacci

JP 225 index trades sideway after failing to overcome 78.6% FibonacciTechnical indicators are mixed but price is above moving averages The JP 225 stock index (cash) is trading slightly below the 78.6% Fibonacci retracement of the July-August downtrend after the second false breakout since October last week. The 40,000 region is proving a difficult barrier to overcome.
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Markets return to a low-volatility environment after the US election – Volatility Watch

Euro/dollar volatility has eased aggressivelyVolatility has dropped to monthly low in both gold and silverStock indices experience a significant decline in volatilityEuro/dollar volatility has eased significantly, as market participants have reacted favourably to both the outcome of the US presidential election and the absence of the post-election shenanigans seen in 2020. The dollar has strengthened over the past week with the euro suffering the most.
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Technical Analysis – Has the US 100 index rally run its course?

US 100 index trades a tad below its all-time highThe US election rally appears to have fizzled outMomentum indicators remain bullish at this stageThe US 100 cash index is moving sideways again today, as the rally since the US presidential election date appears to have concluded. A new all-time high has been recorded, but the bulls have failed, up to now, to push the US 100 index above the long-term January 6, 2023 trendline. Market participants are probably taking a breather and preparing for
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Stocks’ euphoria might have legs – Stock Markets

Equity indices react positively to Trump’s winSmall capitalization stocks could benefit furtherEuropean stock indices remain the laggardsFed stance to support current sentiment despite high yieldsTrump’s win pushes stocks higherUS stock indices continue to dance to the tune of Trump’s return to the White House. The initial reaction was positive with the S&P 500 index climbing by around 2.5%, as the pre-election rhetoric about significant tax cuts contributed to the improved market sent
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Could markets relive the 2016 post-election day performance?

Euro/dollar could suffer if 2016 repeats itselfUS stocks could further benefit from Trump’s winGold and bitcoin might move in opposite directionEuro/dollar volatility could rise furtherTrump wins a second termFormer President Trump has won the 2024 presidential election, achieving a noticeable comeback following the 2020 defeat. The market reaction has been mostly within expectations, with the dollar gaining across the board, gold suffering and bitcoin enjoying strong gains.While market partic
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Technical Analysis – US 30 index skyrockets after Trump’s victory

US 30 index extends upside move above SMAsStochastics and RSI turn upThe US 30 cash index is rallying more than 2% today during Trump’s victory in the US elections, sending the market towards the previous all-time high of 43,575.The technical oscillators are mirroring the latest strong bullish momentum, with the stochastic posting a positive
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Volatility remains high as US voters elect a new president – Volatility Watch

Euro/dollar volatility climbs to a new monthly highVolatility remains very elevated in both gold and silverStock indices experience a jump in volatilityEuro/dollar volatility has climbed to a new 30-day high, as market participants are preparing for the US presidential election and Thursday’s Fed meeting. This heightened volatility is being observed across the FX space, including in the yen pairs.
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Technical Analysis – US 500 index recoups some losses in short-term

US 500 index rebounds off 50-day SMARSI and MACD weaken their momentumThe US 500 index has paused its bearish correction near the 5,720 support level and the 50-day simple moving average (SMA).The price is currently standing beneath the short-term uptrend line, with the technical oscillators indicating weakening momentum. The RSI is moving sideways beneath the neutral threshold of 50, while the MACD is heading south below its trigger line and near the zero level.In case of steeper decreases, it
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Tech rally turns to selloff ahead of NFP and US election - Stock Markets

S&P 500 headed for second weekly dip as gains turn to lossesNasdaq pulls back from record highs as AI jitters returnApple earnings add to outlook worries but Amazon impressesTech rally stumblesIt’s been a turbulent week for Wall Street as, despite a positive start, renewed concerns about excessive spending on artificial intelligence (AI) dragged Big Tech stocks lower mid-week.
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US 500 index stands below 20-day SMAMACD and RSI lose momentumThe US 500 (cash) index is tumbling beneath the 5,830 region, approaching the short-term uptrend line, which has been drawn since the beginning of August. A plunge below this line could send traders towards the 50-day simple moving average (SMA) at 5,740 before meeting the restrictive re
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US 100 index trades sideways ahead of key US data printsIt continues to battle with the October 26, 2023 trendlineMomentum indicators are less bullish at this stageThe US 100 cash index is moving sideways again today, as market participants are preparing for this week’s key US data releases and earnings reports. The bullish trend since the August 5 low remains firmly in place, supported by a series of higher highs and higher lows, with the October 26, 2023 ascending trendline proving to be str
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Volatility jumps as markets prepare for action-packed period – Volatility Watch

Euro/dollar volatility climbs to a new monthly highVolatility remains very elevated in both gold and silverStock indices continue to experience average volatility Euro/dollar volatility continues to increase, achieving a new 30-day high, as the markets are preparing for Friday’s jobs report, and next week’s US presidential election and the Fed meeting.
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Nasdaq 100 braces for a huge US data week - Stock Markets

Nasdaq 100 loses some ground after six-week bullish streakMagnificent Seven report earnings, US data to adjust rate cut estimatesNasdaq 100 Weekly PerformanceThe Nasdaq 100 is set to finish the week mildly lower by 0.46%, breaking a six-week non-stop rally as with the other major US indices. Despite flying back above the 20,000 level though, it could not surpass July’s all-time high of 20,690, raising speculation about whether the slight technical pullback could develop into something ugl
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Volatility remains elevated in FX space and commodities – Volatility Watch

Euro/dollar volatility reaches new 30-day highVolatility in both gold and silver jumpsStock indices continue to experience average volatilityEuro/dollar volatility has climbed to the highest level of the past month, as the ECB delivered its much-expected rate cut and the discussion about the November Fed meeting is underway. But more importantly, the market is preparing for the November 5 US presidential election.
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US 100 index maintains buying interestBulls need a close above 20,550-20,680Bears wait below 20,000   The US 100 index continues to hover above the key 20,000 level, following a pullback from a three-month high of 20,499 on Monday, signaling that buying interest is still alive.Technical indicators suggest potential for further gains, with the RSI showing signs of rebound and stochastic oscillators looking for an upside reversal.
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