Citi Research has recently taken a more negative stance on risk, advising investors to sell any EUR/USD rallies. This shift in sentiment comes as the U.S. bank expresses concerns about increasing volatility leading up to the U.S. election and the possibility of a recession in the United States. The EUR/USD pair has seen some fluctuations,
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The UBS report reiterating Nvidia as a buy showcases the confidence the firm has in the company’s share performance leading into the upcoming earnings announcement. The slight adjustments made to the model indicate a meticulous analysis of market trends and customer discussions, contributing to the overall positive outlook for Nvidia. The initiation of Ardent Health
Veteran trader Peter Brandt recently brought attention to an interesting price pattern emerging in Bitcoin (BTC) that could potentially impact trading strategies. Brandt emphasized the significance of charting and highlighted an inverted, or expanding, triangle pattern in Bitcoin’s price action. As a trader, Brandt follows classical charting principles and avoids trades when prices are range-bound,
Blink Fitness, a gym chain owned by Equinox Group, recently filed for Chapter 11 bankruptcy protection, making it the latest in a series of fitness chains to seek financial relief post-pandemic. With over 100 centers across the U.S., Blink Fitness has listed assets at $100 million and liabilities at $500 million. Despite this setback, the
In the ever-changing landscape of the stock market, Morgan Stanley’s preference for defensive quality stocks has only grown stronger. Despite the ongoing surge in major U.S. indexes, the firm’s chief U.S. equity strategist, Michael Wilson, remains steadfast in his belief that growth is the primary concern for equity investors. This shift in focus from inflation
General Motors recently unveiled the newly redesigned versions of its entry-level GMC Terrain crossover, featuring a fresh standard “Elevation” model. This compact crossover boasts a more rugged exterior design and an updated interior equipped with 26 inches of screens, including a 15-inch center touchscreen and an 11-inch driver information cluster. Additionally, the vehicle comes with
The California High-Speed Rail project has been a source of debate and contention for many years. Recently, California Republican Rep. Mike Garcia introduced a bill that would stop federal funding for the project, citing a lack of tangible results despite billions of dollars being spent. The project, which was initially envisioned as a $33 billion
Following a tumultuous week of massive sell-offs in both currencies and stock markets, the currency market experienced a calmer trading day on Monday. This respite was a stark contrast to the volatile moves that characterized the previous week, fueled by concerns over the U.S. economy and hawkish signals from the Bank of Japan. However, the
Bitcoin has truly become a central topic in the US presidential campaign, with its value playing a significant role in the overall sentiment of voters. As the Polymarket odds have shifted in favor of certain candidates, we have seen fluctuations in the price of Bitcoin. Analysts predict that the cryptocurrency will continue to trade within
The original article discusses the contrasting views of Tim Walz and JD Vance on affordable housing policies. Walz signed housing legislation in 2023 that included substantial funding for down payment assistance, housing infrastructure, and workforce housing. On the other hand, Vance has highlighted the issue of affordable housing in his campaign, advocating for addressing the