XAUUSD: Weekly Downtrend Holds, Buyers Still Need to Prove Strength Market Context Gold sellers returned strongly into Friday, with price still trading near the weak low area after a heavy bearish week. Even though Fed rate-hike expectations have cooled, the US Dollar continues to attract safe-haven demand as global risk sentiment remains fragile and tensions…
The Macro Backdrop: The Liquidity Vacuum šļøThe persistent sideways grind across late June is the direct result of a major structural shift in global liquidity. Following the Federal Reserve’s hawkish policy update under new Chair Kevin Warsh, speculative retail capital has temporarily fled risk assets in favor of premium cash yields. š¦ The Retail Fatigue:…
ICP on the 8H timeframe is currently trading around 2.401 after a sustained decline from the early June high near 3.200, with price now compressing between a descending trendline from above and a key horizontal support level near 2.150ā2.200. The chart shows price spiking from the late April range near 2.300ā2.400 up to a high…
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Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Have you ever asked a date about their emergency savings or 401(k) balance? That may sound like a faux pas to many readers, but it’s just common sense for some in Gen Z. The generation…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. And then there were two. A pair of high-profile promotions at JPMorgan Chase on Thursday appeared to narrow the long-running Jamie Dimon succession race to just two candidates: Doug Petno and Troy Rohrbaugh, now co-presidents…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. They say it’s better to give than to receive, and that’s especially true when clients use qualified charitable distributions. Tax law changes made by the One Big Beautiful Bill Act are quietly reshaping charitable giving…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Darmstadt, Germany-based Merck is taking a trip to the Twin Cities to buy Minnesota-based Bio-Techne. The $11.3 billion deal would be Merck’s biggest acquisition in more than 10 years as the drugmaker expands under new…
US stocks were volatile on Friday, with semiconductor stocks retreating after a report of a potential delay to OpenAI’s (OPAI.PVT) IPO added to the headwinds that have whipsawed markets this week. The tech-heavy Nasdaq Composite (^IXIC) was down 0.2%, while the S&P 500 (^GSPC) fell slightly, with both indexes closing out the week with losses of more…
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.01%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.75%. September E-mini S&P futures (ESU26) rose +0.01%, and September E-mini Nasdaq futures (NQU26) rose +0.80%. Stock indexes settled mixed on Thursday, with the S&P 500 falling to a…
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