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IGV’s Short-Term Pause: A Temporary Blip on the Radar?
IGV, a cryptocurrency that has been making waves in the market, is currently trading above its 8-day moving average (MA) as of writing. However, a short-term pause wouldn’t be entirely surprising, given the volatility of the crypto market. Despite this, the 21-day MA remains well above current levels, indicating a potential long-term bullish trend. The…
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Software Bouncing Back: Leader in Intraday Movers
Software is the standout performer in today’s intraday movers, driven by a combination of factors. According to UBS analysts, the sector is more resilient to AI disruption due to its data and infrastructure exposure. Earnings from DDOG have also contributed to the upswing, with investors viewing the company as more immune to the threat of…
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Retail Investors Flock to Tech and ETFs in US Market
Retail investors in the US are showing a strong appetite for technology stocks and exchange-traded funds (ETFs), according to UBS’s market making clients. On Monday, these clients had net inflows of $227 million, with the majority going towards ETFs and software companies. The S&P 500 Equal Weight ETF (RSP) was the most popular stock across…
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December Retail Sales Disappoint, Below Projections
December retail sales failed to meet expectations, according to the latest report from the U.S. Census Bureau. The data showed that sales at retail and food services stores were flat over the month, significantly weaker than the 0.4% consensus forecast. Prior months were also revised down by a cumulative -0.1%. Excluding autos, headline sales were…
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Small Business Confidence Index Inches Lower in January, Despite GDP Growth
Small business confidence in the United States took a slight hit in January, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. The index fell 0.2 points to 99.3, remaining above its 52-year average of 98. While this may seem like a minor setback, it’s important to note that the index…
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The Winter Olympics Equity Market Boost: A Historical Pattern Uncovered by UBS
The Winter Olympics are upon us, and as the world gathers to watch the athletes compete in Milan Cortina, Italy, we turn our attention to a fascinating pattern uncovered by UBS. Historically, the host country’s equity market has exhibited a noticeable pattern around the Games. Equity performance tends to be weak one month prior to…
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Trump’s Fed “Mistake”: Understanding the President’s Remark on Powell’s Appointment
The recent interview of US President Donald Trump with Fox News has sparked confusion regarding his comment on the Federal Reserve (Fed) chair appointment. While some have interpreted it as a reference to Kevin Warsh, Trump himself clarified that the “mistake” he referred to was actually his decision to appoint Jerome Powell as Fed chair…
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Banque de France Governor Francois Villeroy Steps Down, Replacement Named
Francois Villeroy, the Governor of the Banque de France, has announced his decision to step down from his position effective June 1st. Although his term doesn’t officially end until late 2027, he will be leaving his post to pursue other opportunities. The central bank confirmed the exit in a statement, according to Bloomberg. In a…
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Dollar Weakness Continues; Investors Eye Japan’s LDP Win and China’s US Treasury Reduction
In the world of currencies, the US dollar continues to face pressure as investors react to a range of factors. Over the weekend, Japan’s ruling party, the LDP, secured a historic win, which has contributed to a weakening of the USDJPY pair. However, flows have been relatively muted, with the pair now trading in a…
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Gold and Bitcoin: A Tale of Perfect Opposition in Japan’s Rising Interest Rates
Gold and Bitcoin have long been considered two vastly different investment options, with gold being a traditional safe-haven asset and Bitcoin being a cutting-edge digital currency. However, recent events in Japan have revealed a fascinating correlation between the two assets. Since Japanese interest rates started rising last autumn, gold and BTC have moved in almost…
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