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As market comeback continues, remembering those who served.
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Today’s Links
On Veterans’ Day, thinking of two books I would like to recommend in remembering veterans that have served both in the country where I grew up (the US) and elsewhere in the world. One of these I have read and as I did so thought about my grandfather’s brother and many others that I knew who marched across Normandy and into Germany in WWII, often in frightful conditions as the US Army did a lousy job of protecting its soldiers from the brutal winter conditions of 1944-45 as clothing was woefully inadequate. My great uncle Bill suffered frostbite injuries to one of his feet, but luckily no further injuries. Anyway, the first book is Stephen Ambrose’s Citizen Soldiers, a broader look at the US war effort in Western Europe from Normandy through to Germany’s capitulation. He is a fantastic writer, and you may also find his Undaunted Courage compelling, which covers the Lewis and Clark expedition in incredibly close-up fashion so you feel like you were there - simply amazing. The other book is sterner stuff, and one that I have on my must-read list: Antony Beever’s Stalingrad, covering what most Brits and Americans don't realize was perhaps the most decisive and certainly deadly battle of the entire war, with unimaginable horrors for both German and Russian sides. Chris Innes over at The Dark Side of the Boom with a great Substack post on the how electric grid capacity is the key limiting factor if there is supposedly an exponentially growing demand for AI data center capacity for years to come. Want to know who has unmatched electricity generation capacity? China. But don’t expect US or other outfits to start placing massive data centers there. As discussed on today’s podcast, Peter Tchir appeared on Adam Taggart’s Thoughtful Money last week and discussed his “Production for Security” framework, the idea that the priority for many companies and banks may be to align with government’s new priorities around the national security angle of ensuring supply chains, with less success for consumptions sectors of the economy. This production-for-security framework could be a kind of overlay like ESG with very different priorities. The Heisenberg Report on the Dems caving - bookmark this site - they have a lot of sharp-edged commentary, including on the tariffs and the Supreme Court decision. Endgame Macro weighs in on everything these days, a must follow on X - consider this post on stable coins, still a subject I am weak on. Chanos doing what the short-selling legend has done so many times in the past - taking profit on his pre-declared trade, this time of short Strategy (former MicroStrategy) vs. Bitcoin. I was reminded today that Nvidia’s late earnings report (relative to other megacaps) is set for next Wednesday the 19th and is perhaps the last major single-company psychological and actual earnings hurdle ahead of the end of the year. The stock snapped back higher with the broader market from the Friday lows and probably needs to serve as a leader again if we are to see the “Christmas Rally” scenario into the end of the year. As mentioned on today’s podcast, while companies can replace older systems with Blackwell powered systems, which doesn’t necessarily mean a large change to electricity needs, any new major growth in total data center capacity in GW terms is constrained by the pace of electricity grid expansion, effectively a speed limiter for NVidia chip demand. This is why Nvidia CEO Jensen Huang has been out bemoaning risks of the US falling behind China on the lack of power capacity (also a convenient way to deflect blame if growth starts to slow??). It’s worth putting up a weekly chart just to point out that the entire volatile episode of late has been on an incredibly short time scale.Chart of the Day - Nvidia again
Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at [email protected].By: Emily Carter
Posted on : Nov 12 2025
Daily US Dollar / Swiss Franc Technical Setup
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Introduction to USD/CHF The USD/CHF pair – often nicknamed the “Swissie” – tracks how many Swiss francs are needed to buy one US dollar. It is a classic safe-haven vs. reserve-currency cross and a favorite for risk sentiment trades. Because both economies are highly liquid and policy-sensitive, USD-CHF daily analysis often reacts quickly to Federal […]
The post Daily US Dollar / Swiss Franc Technical Setup appeared first on UnitedPips Ltd.
By: Daniel Carter
Posted on : Nov 08 2025
EUR/GBP Price Forecast: Central Banks Drive Market Sentiment
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Introduction to EURGBP The EUR/GBP pair, commonly known among traders as “Chunnel,” reflects the exchange rate between the Euro and the British Pound. As a critical indicator of economic health in Europe and the UK, this currency pair is heavily influenced by economic policies from the European Central Bank (ECB) and the Bank of England […]
The post EUR/GBP Price Forecast: Central Banks Drive Market Sentiment appeared first on UnitedPips Ltd.
By: Ava
Posted on : Nov 07 2025
EUR/USD Mid-Day Outlook
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Daily Pivots: (S1) 1.1459; (P) 1.1496; (R1) 1.1520; More… EUR/USD’s decline is in progress and intraday bias stays on the downside for 100% projection of 1.1917 to 1.1540 from 1.1727 at 1.1350. Decisive break there would prompt downside acceleration to 38.2% retracement of 1.0176 to 1.1917 at 1.1252. On the upside, above 1.1540 minor resistance […]
The post EUR/USD Mid-Day Outlook appeared first on Action Forex.
By: Daniel Carter
Posted on : Nov 06 2025
Forex Today: Stock Markets Selloff on Palantir Earnings / Valuation Fears - 04 November 2025
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Stock Markets Lower, Japanese Yen Gains on Selloff; RBA Holds Rates, Says Possible No More Cuts; US Dollar Retreats from 3-Month High; Case on Legality of US President's Tariffs Due Wednesday
By: Marcus Sinclair
Posted on : Nov 05 2025
Amazon Breaks Out to Record Highs
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The Daily Breakdown takes a closer look at the week ahead, with Palantir and AMD earnings due up. Amazon breaks out to record highs. Before we dive in, let’s make sure you’re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to…
The post Amazon Breaks Out to Record Highs appeared first on eToro.
By: Sarah Williams
Posted on : Nov 04 2025
Asia Realigned
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Analyst Weekly, November 3, 2025 Trade Diplomacy: US’s “Asia Blitz” Targets China While D.C. argued over spending, the US administration was busy redrawing Asia’s trade map. Deals were done with Malaysia, Cambodia, Vietnam, and Thailand, all carrying provisions designed to curb China’s influence, from banning goods made with forced labor to tightening export controls on…
The post Asia Realigned appeared first on eToro.
By: Jaxon Maddox
Posted on : Nov 03 2025
Forex Traders Focus on Central Bank Decisions
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As expected, the Federal Reserve yesterday cut the Federal Funds Rate from 4.25% to 4.00%
By: Isabella
Posted on : Oct 31 2025
Forex Today: Markets Await Rate Cuts by the Fed and the Bank of Canada - 29 October 2025
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US Federal Reserve, Bank of Canada Both Strongly Expected to Cut by 0.25%; Bank of Japan Policy Meeting Tomorrow; Stocks Advance to New Record Highs; Australian Inflation Rises Unexpectedly; President Trump Departs Japan for Korea
By: Marcus Sinclair
Posted on : Oct 30 2025
US 500 forecast: the index renews its all-time high
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The US 500 index rebounded from its previous decline and set a new all-time high following U.S. inflation data. The forecast for US 500 today is positive.
US 500 forecast: key trading points
- Recent data: U.S. S&P Global Composite PMI (preliminary, October) came in at 54.8
- Market impact: the data are generally positive for the U.S. equity market
US 500 fundamental analysis
The U.S. S&P Global Composite PMI rose to 54.8, exceeding both the forecast (53.5) and the previous reading (53.9). This indicates an acceleration in overall economic activity across both manufacturing and services sectors.
For the stock market, such data represent a pro-cyclical signal: stronger growth supports expectations for corporate revenues and operating leverage, reduces the probability of a recession scenario, and typically contributes to narrowing credit spreads. At the same time, the acceleration in PMI carries a potential inflationary risk through stronger employment and wage dynamics.
For the US 500 index, the conclusion is moderately positive, though with possible sector rotation within the index. In a scenario of “strong PMI without a significant rise in bond yields,” the main beneficiaries are likely to be cyclical sectors — industrials, materials, consumer discretionary, and financials — benefiting from improved demand outlook and margin expansion.
United States Composite PMI: https://tradingeconomics.com/united-states/composite-pmiUS 500 technical analysis
The US 500 index has renewed its all-time high for three consecutive sessions — marking the 34th record high this year. Support has formed at 6,655.0, while resistance at 6,760.0 has been broken, with a new resistance level yet to form. Prices continue to rise confidently, though a short-term correction without a trend reversal remains possible. The next potential upside target is near 6,955.0.
Scenarios for the US 500 price forecast:
- Pessimistic forecast for US 500: if the support level at 6,655.0 is broken, prices may fall to 6,540.0
- Optimistic forecast for US 500: if consolidation above the recently broken resistance at 6,760.0 holds, prices may rise toward 6,955.0
Summary
Overall, the stronger-than-expected PMI release lowers the recession risk premium and supports US 500 valuations through improved profit expectations. However, the index’s near-term trajectory will depend on whether stronger activity translates into higher inflation expectations and yields, which directly affect the cost of capital.
If reports confirming the end of the U.S. government shutdown coincide with favorable data on prices and wages, the index could gain further momentum on improving market sentiment. From a technical standpoint, the US 500 may rise toward 6,955.0.
Open Account
By: Daniel Carter
Posted on : Oct 29 2025