Trump’s Victory Could Help Big Tech Stocks, Especially Nvidia. But There’s One Warning Sign.
Investors should prepare for uncertainty. In his first term, Trump often changed his mind on policies.
What is working is buying anything and everything against Yen, and the buy side of Aussie, and just buy UsdPeso on any retracement worth a grain of salt. I am not doing anything in Sterling or Euro majors until I see another very good retracement. Crosses are your friend today and tomorrow.
Trump won every single swing state and the popular vote. That is an absolute statement blowout election by the American populous.
What one might hope for at a minimum is more fluidity in how the US operates as an institution going forward.
If they would kindly find a way to reduce the budget and trade deficits that would be nice. Trump will attack that right away, but there will surely be a battle to retain dysfunctional spending of tax dollars, such as millions in funding for child sex mutilation surgery and grooming research programs.
The country has been insane for a spell.
Bottom line for us in foreign exchange is stiff interest rates and yields might be expected.
MXN along with EUR were cited as two currencies most vulnerable to a Trump tariff.
The two blue AT lines suggest potential for a pause but given the risk, look for any downside move to be treated as a retracement unless 19.95-20.05 is taken out.
Trump Media & Technology Group Stock Is Surging Wednesday: What’s Going On?
Trump Media & Technology Group Corp DJT shares are soaring Wednesday morning after Donald Trump was elected the 47th president of the United States.
What Happened: Shares of Trump Media, the parent company of social media platform Truth Social, are surging Wednesday after Trump defeated Vice President Kamala Harris in the 2024 presidential race, driving several stocks expected to benefit under a Trump presidency higher.
It appears UsdJpy 152 is going to be safe for a while. Inevitably Dxy is going to pull back but not now and US stocks should go on a sustained run.
Tesla stock is going to be interesting in weeks to come. I am having trouble with the thought it ever gets below 210 now. 2025 is going to be a very good year for psychiatrists.
Crude falling following the trump win but also performing technically.
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Gap from last week filled, hit a wall at 72.85 and now dependent on 70.00 holding to prevent a run at the lows.
Note how well the Amazing Trader chart points work (i.e. blue resistance line) and is yet another example how this program works with any instrument your broker offersvon its platform and in any time frame.
A look at the day ahead in U.S. and global markets from Mike Dolan
Donald Trump’s surprisingly comprehensive victory in the U.S. Presidential election has electrified the U.S. dollar – possibly to his own chagrin – and the U.S. currency (.DXY), opens new tab is eyeing its biggest one-day gain in two years.
Even before official results were in, Trump’s virtually assured win across key swing states and in the popular vote nationwide looks far more resounding than the tight race predicted by opinion polls and betting markets only yesterday. His Republican party also took the Senate as expected, but a clean sweep of Congress was still in the mix as the House remains too close to call and may return to Democrats. Morning Bid: Resounding Trump win sees dollar soar
Election results indicative of Trump Presidential & Senate victory; House too close to call.
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
US Presidential Election results are indicative of a Trump victory and Republicans taking the Senate; House is too close to call.
Equities soar with clear outperformance in the RTY with Trump poised to win the US election; Novo Nordisk +7.1% benefits after posting strong Q3 Wegovy sales.
Dollar flies higher, DXY topped 105.00, before paring back to a current 104.90; EUR & JPY the clear underperformers amongst the G10s.
USTs pressured and Bunds bolstered by the Trump Trade; US curve markedly steeper, attention on the House result to see if this continues
A soft session for the crude complex, pressured by the firmer Dollar and Trump’s known stance on US drilling/supply; XAU softer, base metals dented but awaiting China stimulus details