Homer Fendrick
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After last week's speeches by Fed Chairman Powell and European Central Bank President Christine Lagarde, the USD witnessed its most robust five-day rally since October 2022, registering a consistent surge for the fifth day, amassing approximately a 2% gain, analysts expect a bull market ahead. Read more>>
According to historical statistics, the U.S. stock market has outperformed Canadian and international stocks in every period...
According to historical statistics, the U.S. stock market has outperformed Canadian and international stocks in every period...
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Homer Fendrick
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In Friday's trading, the three major US stock indexes all closed down more than 1%. Among them, the Dow recorded its biggest weekly decline since the Bank of Silicon Valley went out of business, while the S&P 500 experienced its worst week in nearly five months. Among technology stocks, Apple rose against the market, with weekly gains of more than 4%, while the chip stock index plummeted by more than 3%, and Intel and AMD declined by more than 5% and 4%, respectively. Furthermore, J.P. Morgan Chase plummeted 6.5% after the earnings report was released, the biggest one-day decline in nearly four years.
Although the Pan-European stock index rebounded on Friday, it still closed down for two consecutive weeks, while the oil and gas sector bucked the trend and rose 2.5% to a new high since 2008. In the bond market, due to the escalation of geopolitical risks in the Middle East, the yield on US 10-year Treasury bonds fell 10 basis points from a nearly five-month high. Meanwhile, the dollar index hit a new five-month high, while the yen hit a new low since 1990 for three consecutive days.
The crude oil market rebounded against the backdrop of a tense situation in the Middle East, although it continued to decline throughout the week. U.S. crude oil prices once surged more than 3% in the intraday period, hitting a new high in nearly half a year, but then fell back. Gold fell sharply after successive intraday record highs. At one point, it fell 4% from its high level. In the cryptocurrency market, Bitcoin also experienced a wave of sharp fluctuations. At one point, it plummeted by more than $6,000 and fell below the $66,000 mark.
The Chinese market was also under pressure during the US stock period. The China Securities Index plummeted 4.6%. Among them, Xiaopeng Motor and NIO Auto plummeted by nearly 10% and 8%, respectively. The offshore renminbi also fell sharply in the intraday period, approaching 7...
Although the Pan-European stock index rebounded on Friday, it still closed down for two consecutive weeks, while the oil and gas sector bucked the trend and rose 2.5% to a new high since 2008. In the bond market, due to the escalation of geopolitical risks in the Middle East, the yield on US 10-year Treasury bonds fell 10 basis points from a nearly five-month high. Meanwhile, the dollar index hit a new five-month high, while the yen hit a new low since 1990 for three consecutive days.
The crude oil market rebounded against the backdrop of a tense situation in the Middle East, although it continued to decline throughout the week. U.S. crude oil prices once surged more than 3% in the intraday period, hitting a new high in nearly half a year, but then fell back. Gold fell sharply after successive intraday record highs. At one point, it fell 4% from its high level. In the cryptocurrency market, Bitcoin also experienced a wave of sharp fluctuations. At one point, it plummeted by more than $6,000 and fell below the $66,000 mark.
The Chinese market was also under pressure during the US stock period. The China Securities Index plummeted 4.6%. Among them, Xiaopeng Motor and NIO Auto plummeted by nearly 10% and 8%, respectively. The offshore renminbi also fell sharply in the intraday period, approaching 7...
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Homer Fendrick
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These are automated calculated predicted resistance levels for short-term trading.
$Dow Jones Industrial Average(.DJI.US$resistance zone around 39150-39300. See chart for more details.
Follow me for fresh updates.
Short-term trading instruments:
$DJIA 37500MBePW240920(IPAW.SG$
$DJIA 5xShortSG250911A(CUMW.SG$
$Dow Jones Industrial Average(.DJI.US$resistance zone around 39150-39300. See chart for more details.
Follow me for fresh updates.
Short-term trading instruments:
$DJIA 37500MBePW240920(IPAW.SG$
$DJIA 5xShortSG250911A(CUMW.SG$
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Homer Fendrick
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They've been dealing with shortages for years now, and it seems like they're about to run out of options somewhere.
😓 But instead of addressing the issue, traffic just gets heavier and vehicles larger!
🚗🚛 What do they want? Roads clogged with off-road type vehicles weighing over 30cwt?
🤷♂️ It's a real headache! 😩
We need solutions, not more problems! $BHP Group Ltd(BHP.AU$
😓 But instead of addressing the issue, traffic just gets heavier and vehicles larger!
🚗🚛 What do they want? Roads clogged with off-road type vehicles weighing over 30cwt?
🤷♂️ It's a real headache! 😩
We need solutions, not more problems! $BHP Group Ltd(BHP.AU$
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