🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 12 June 2024
📌 Apple Shares Close at Record High After Company Unveils AI Software. Analysts believe the new AI features will drive consumers to upgrade their devices since the tools are only available on newer models.
📌 Boeing Sales Tumble as the Company Gets No Orders for the 737 Max for the Second Straight Month. The dismal results followed poor figures for April, when Boeing reported seven sales—none of them for the Max.
📌 Canadian Border Agents Reach Tentative Deal to Avoid Strike. The union representing more than 9,000 Canadian border agents reached a tentative agreement with government negotiators that would avoid a strike that threatens to disrupt trade with the U.S.
📌 EU Secures More Than 40 Million Bird Flu Vaccines. The European Commission said the vaccine is intended for those most at risk of contracting the virus, such as poultry farm workers and veterinarians.
📌 Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy. Australian businesses reported a reacceleration in inflation pressures in May despite the backdrop of a lifeless economy.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 12 June 2024
📌 Apple Shares Close at Record High After Company Unveils AI Software. Analysts believe the new AI features will drive consumers to upgrade their devices since the tools are only available on newer models.
📌 Boeing Sales Tumble as the Company Gets No Orders for the 737 Max for the Second Straight Month. The dismal results followed poor figures for April, when Boeing reported seven sales—none of them for the Max.
📌 Canadian Border Agents Reach Tentative Deal to Avoid Strike. The union representing more than 9,000 Canadian border agents reached a tentative agreement with government negotiators that would avoid a strike that threatens to disrupt trade with the U.S.
📌 EU Secures More Than 40 Million Bird Flu Vaccines. The European Commission said the vaccine is intended for those most at risk of contracting the virus, such as poultry farm workers and veterinarians.
📌 Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy. Australian businesses reported a reacceleration in inflation pressures in May despite the backdrop of a lifeless economy.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
[Infographic: 10 Essential Trading Rules of Professional Traders]
Here are my top 10 trading rules I developed, after over 10,000 hours of trading professionally, and I hope that this will help you take your trading to the next level.
Read more 👉🏻 https://synapsetrading.com/?p=18574
Share 🍻 https://www.tg-me.com/synapsetrading
Here are my top 10 trading rules I developed, after over 10,000 hours of trading professionally, and I hope that this will help you take your trading to the next level.
Read more 👉🏻 https://synapsetrading.com/?p=18574
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 13 June 2024
📌 Inflation Slows in May: Consumer prices rose 3.3% from a year ago, driven by a 2% drop in the energy index and a 0.1% increase in food.
📌 Oil Prices Rise: Supply-demand balance expected to tighten in the third quarter as U.S. crude stockpiles rose by 3.7 million barrels and gasoline inventories increased by 2.6 million barrels last week.
📌 EU Announces Higher Tariffs on Chinese EVs: The EU imposes a 38.1% tariff on non-cooperative Chinese battery-electric vehicle producers and a 21% duty on cooperative but unsampled carmakers.
📌 Canada Fights for Economic Security in Pre-Election U.S. Campaign: Canadian officials emphasize maintaining duty-free access to the U.S. economy to boost America’s economic growth.
📌 Fed Projects Just One Cut This Year Despite Mild Inflation Report: Central bankers anticipate inflation returning closer to their goal next year, with a longer wait on rate reductions.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 13 June 2024
📌 Inflation Slows in May: Consumer prices rose 3.3% from a year ago, driven by a 2% drop in the energy index and a 0.1% increase in food.
📌 Oil Prices Rise: Supply-demand balance expected to tighten in the third quarter as U.S. crude stockpiles rose by 3.7 million barrels and gasoline inventories increased by 2.6 million barrels last week.
📌 EU Announces Higher Tariffs on Chinese EVs: The EU imposes a 38.1% tariff on non-cooperative Chinese battery-electric vehicle producers and a 21% duty on cooperative but unsampled carmakers.
📌 Canada Fights for Economic Security in Pre-Election U.S. Campaign: Canadian officials emphasize maintaining duty-free access to the U.S. economy to boost America’s economic growth.
📌 Fed Projects Just One Cut This Year Despite Mild Inflation Report: Central bankers anticipate inflation returning closer to their goal next year, with a longer wait on rate reductions.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
A good trader should avoid projecting their own views onto a chart. The point of analysis is to see what the chart is telling us objectively, not to confirm our own preconceived notions.
Share 🍻 https://www.tg-me.com/synapsetrading
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 14 June 2024
📌 Wise Shares Plunge 10% After Forecasting Slower Growth. British payments company Wise expects underlying year-over-year income growth of 15-20% for the fiscal year ending March 2025, down from the 31% growth reported for the previous fiscal year.
📌 Bank of Canada Defends QE Impact. A senior Bank of Canada official stated that the central bank's pandemic-era bond purchasing boosted economic output by as much as 3%.
📌 Russia Halts Dollar and Euro Trading on Main Exchange. Russia stopped trading in U.S. dollars, euros, and Hong Kong dollars on its flagship stock exchange following new U.S. sanctions aimed at restricting Moscow’s financial operations.
📌 Taiwan Central Bank Maintains Key Interest Rates. Taiwan’s central bank kept interest rates steady, citing cooling inflation and steady economic growth.
📌 Tesla May Increase Model 3 Prices in Europe Due to Tariffs. Tesla is likely to raise the price of its Model 3 in Europe starting July 1 in response to upcoming EU tariffs on electric vehicles made in China.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 14 June 2024
📌 Wise Shares Plunge 10% After Forecasting Slower Growth. British payments company Wise expects underlying year-over-year income growth of 15-20% for the fiscal year ending March 2025, down from the 31% growth reported for the previous fiscal year.
📌 Bank of Canada Defends QE Impact. A senior Bank of Canada official stated that the central bank's pandemic-era bond purchasing boosted economic output by as much as 3%.
📌 Russia Halts Dollar and Euro Trading on Main Exchange. Russia stopped trading in U.S. dollars, euros, and Hong Kong dollars on its flagship stock exchange following new U.S. sanctions aimed at restricting Moscow’s financial operations.
📌 Taiwan Central Bank Maintains Key Interest Rates. Taiwan’s central bank kept interest rates steady, citing cooling inflation and steady economic growth.
📌 Tesla May Increase Model 3 Prices in Europe Due to Tariffs. Tesla is likely to raise the price of its Model 3 in Europe starting July 1 in response to upcoming EU tariffs on electric vehicles made in China.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
[Trading Guide: Complete Guide to Investing & Trading Psychology]
In this detailed guide on investing and trading psychology, you will learn how to master the psychological and mental aspect of trading, to achieve long-term consistency & profitability.
Read more 👉🏻
https://synapsetrading.com/?p=34435
Share 🍻 https://www.tg-me.com/synapsetrading
In this detailed guide on investing and trading psychology, you will learn how to master the psychological and mental aspect of trading, to achieve long-term consistency & profitability.
Read more 👉🏻
https://synapsetrading.com/?p=34435
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 15 June 2024
📌 Adobe Shares Surge 15% for Sharpest Rally Since 2020. CEO Shantanu Narayen cited the software company’s “highly differentiated approach to AI and innovative product delivery.”
📌 Musk Pay Victory Removes Cloud at Tesla, but Fresh Legal Fight Looms. The vote to approve the multibillion-dollar pay package sets the stage for the next round of the court battle.
📌 Pandemic Felled Dozens of Stellar Credit Ratings. CFOs Want Them Back. Delta, Macy’s, and others are among the ‘fallen angels’ that lost their investment-grade halo in 2020. Finance chiefs have been slashing debt and fortifying balance sheets to recoup that ranking.
📌 ByteDance to Lay Off Staff at Indonesian E-Commerce Unit. TikTok’s parent will lay off staff at its Indonesian e-commerce unit to cut costs in the wake of a deal that let the video-sharing app reopen its online shop in the Southeast Asian country.
📌 Bank of Japan Plans to Reduce Bond Buying, Yen Weakens. In a decision seen as a step toward monetary tightening, the bank said it would reduce the amount of monthly government bond purchases, as it left its policy interest rate unchanged.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 15 June 2024
📌 Adobe Shares Surge 15% for Sharpest Rally Since 2020. CEO Shantanu Narayen cited the software company’s “highly differentiated approach to AI and innovative product delivery.”
📌 Musk Pay Victory Removes Cloud at Tesla, but Fresh Legal Fight Looms. The vote to approve the multibillion-dollar pay package sets the stage for the next round of the court battle.
📌 Pandemic Felled Dozens of Stellar Credit Ratings. CFOs Want Them Back. Delta, Macy’s, and others are among the ‘fallen angels’ that lost their investment-grade halo in 2020. Finance chiefs have been slashing debt and fortifying balance sheets to recoup that ranking.
📌 ByteDance to Lay Off Staff at Indonesian E-Commerce Unit. TikTok’s parent will lay off staff at its Indonesian e-commerce unit to cut costs in the wake of a deal that let the video-sharing app reopen its online shop in the Southeast Asian country.
📌 Bank of Japan Plans to Reduce Bond Buying, Yen Weakens. In a decision seen as a step toward monetary tightening, the bank said it would reduce the amount of monthly government bond purchases, as it left its policy interest rate unchanged.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
[Blog Post: Overconfidence Bias in Trading - How Can I Ever be Wrong?]
Due to overconfidence bias, people tend to think that they are smarter and make better decisions than they actually do in reality.
How can we avoid this mistake in trading?
Read more 👉🏻 https://synapsetrading.com/?p=6043
Share 🍻 https://www.tg-me.com/synapsetrading
Due to overconfidence bias, people tend to think that they are smarter and make better decisions than they actually do in reality.
How can we avoid this mistake in trading?
Read more 👉🏻 https://synapsetrading.com/?p=6043
Share 🍻 https://www.tg-me.com/synapsetrading
Spencer Li (Synapse Trading)
Announcement: Our TMP live classroom sessions are back after a 7 year break! For the past 7 years, I have stopped doing live events (even before Covid) to focus on my trading and supporting my existing students, and our community has been steadily growing.…
[Last Call] Just a reminder that this is happening next weekend, and we have a last few seats left, so don't miss this chance, or the next one might be several months away!
Click here to find out more:
🔥 https://synapsetrading.com/the-synapse-program/
Dates & details:
🔥 https://forms.gle/V4YEDEkumxGSfWa2A
Click here to find out more:
🔥 https://synapsetrading.com/the-synapse-program/
Dates & details:
🔥 https://forms.gle/V4YEDEkumxGSfWa2A
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 16 June 2024
📌 Week Ahead for FX, Bonds: Rate Decisions Due in U.K., Australia. Markets await a raft of interest-rate decisions, including in the U.K., Australia, China, Indonesia, Switzerland, and Norway, while French assets will be watched closely ahead of snap elections.
📌 The Only App That Always Wins the Battle for Your Attention. Duolingo taps into the power of streaks and hooks you with perfectly timed nudges. Can its success translate to other companies?
📌 The Big AI Question: Are You Ready to Pay for It? Consumers who are tempted to upgrade will find higher prices for new AI-powered gadgets—and new subscription fees to access their full capabilities.
📌 Reality TV’s New Spin on Romance: Commitment Over Drama. As viewers flock to romance TV, the latest shows highlight love and proposals instead of rivalries and steamy trysts.
📌 What Does $48 Billion Get Tesla Investors? A Return of the Old Elon Musk. The CEO filled shareholders’ heads with visions of robots and driverless cars, but they come with a cost beyond his pay package.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 16 June 2024
📌 Week Ahead for FX, Bonds: Rate Decisions Due in U.K., Australia. Markets await a raft of interest-rate decisions, including in the U.K., Australia, China, Indonesia, Switzerland, and Norway, while French assets will be watched closely ahead of snap elections.
📌 The Only App That Always Wins the Battle for Your Attention. Duolingo taps into the power of streaks and hooks you with perfectly timed nudges. Can its success translate to other companies?
📌 The Big AI Question: Are You Ready to Pay for It? Consumers who are tempted to upgrade will find higher prices for new AI-powered gadgets—and new subscription fees to access their full capabilities.
📌 Reality TV’s New Spin on Romance: Commitment Over Drama. As viewers flock to romance TV, the latest shows highlight love and proposals instead of rivalries and steamy trysts.
📌 What Does $48 Billion Get Tesla Investors? A Return of the Old Elon Musk. The CEO filled shareholders’ heads with visions of robots and driverless cars, but they come with a cost beyond his pay package.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
[Infographic: What is Paper Trading?]
As a new trader, does it make sense to start off with paper trading and what is the correct way to do it?
Read full post 👉🏻 https://synapsetrading.com/?p=37281
Share 🍻 https://www.tg-me.com/synapsetrading
As a new trader, does it make sense to start off with paper trading and what is the correct way to do it?
Read full post 👉🏻 https://synapsetrading.com/?p=37281
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 17 June 2024
📌 Investors Fear Long Stretch of Calm in Markets Can’t Last. With stock indexes at record highs, market volatility has been exceptionally low.
📌 ‘Poo in the Water’: How Financial Engineering Sullied Britain’s Most Famous River. The U.K.’s largest water utility has been accused of loading up on debt to pay investors dividends while failing to upgrade London’s Victorian-era sewers.
📌 The Big Loser in Tesla’s Shareholder Vote Is Delaware. Tesla’s move to reincorporate in Texas is about much more than saving on state fees: It’s Elon Musk’s attempt to loosen Delaware’s grip on American corporations.
📌 How the US Mopped Up a Third of Global Capital Flows Since Covid. The trend marks a major shift from the pre-pandemic days when capital poured into emerging markets, including a rapidly growing China.
📌 Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 17 June 2024
📌 Investors Fear Long Stretch of Calm in Markets Can’t Last. With stock indexes at record highs, market volatility has been exceptionally low.
📌 ‘Poo in the Water’: How Financial Engineering Sullied Britain’s Most Famous River. The U.K.’s largest water utility has been accused of loading up on debt to pay investors dividends while failing to upgrade London’s Victorian-era sewers.
📌 The Big Loser in Tesla’s Shareholder Vote Is Delaware. Tesla’s move to reincorporate in Texas is about much more than saving on state fees: It’s Elon Musk’s attempt to loosen Delaware’s grip on American corporations.
📌 How the US Mopped Up a Third of Global Capital Flows Since Covid. The trend marks a major shift from the pre-pandemic days when capital poured into emerging markets, including a rapidly growing China.
📌 Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Do you feel like prices are responding to your actions? The truth is that the market does not even know you exist, and prices continue to move regardless of what you do.
Share 🍻 https://www.tg-me.com/synapsetrading
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 18 June 2024
📌 Apple stops offering buy now, pay later loans in U.S. “Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay,” an Apple spokesperson told CNBC.
📌 China May retail sales beat expectations, but industrial output and fixed asset investment missed. Industrial output grew by 5.6% year-on-year, missing the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll.
📌 Customer Experience Gets Worse. Again. The average customer experience rating of U.S. companies hits a new low amid inflation and fallible customer-service chatbots.
📌 Tesla Sues EV-Battery Supplier Over Alleged Disclosure of Trade Secrets. According to the lawsuit, Matthews International allegedly improperly filed patent applications incorporating Tesla’s trade secrets without the electric-car maker’s consent.
📌 OpenAI Expands Healthcare Push With Color Health’s Cancer Copilot. Color Health has developed an AI assistant using OpenAI’s GPT-4 model to help doctors screen and treat cancer patients.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 18 June 2024
📌 Apple stops offering buy now, pay later loans in U.S. “Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay,” an Apple spokesperson told CNBC.
📌 China May retail sales beat expectations, but industrial output and fixed asset investment missed. Industrial output grew by 5.6% year-on-year, missing the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll.
📌 Customer Experience Gets Worse. Again. The average customer experience rating of U.S. companies hits a new low amid inflation and fallible customer-service chatbots.
📌 Tesla Sues EV-Battery Supplier Over Alleged Disclosure of Trade Secrets. According to the lawsuit, Matthews International allegedly improperly filed patent applications incorporating Tesla’s trade secrets without the electric-car maker’s consent.
📌 OpenAI Expands Healthcare Push With Color Health’s Cancer Copilot. Color Health has developed an AI assistant using OpenAI’s GPT-4 model to help doctors screen and treat cancer patients.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
[Blog Post: Expanding Triangle Pattern Trading Strategy Guide]
Have you faced a market where there are large price swings and high volatility? How do you profit from such markets?
The expanding triangle pattern is one such example, and there are 3 main trading strategies to trade this pattern.
Read more 👉🏻 https://synapsetrading.com/?p=37574
Share 🍻 https://www.tg-me.com/synapsetrading
Have you faced a market where there are large price swings and high volatility? How do you profit from such markets?
The expanding triangle pattern is one such example, and there are 3 main trading strategies to trade this pattern.
Read more 👉🏻 https://synapsetrading.com/?p=37574
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 19 June 2024
📌 Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%. The purchases brought Berkshire’s holding to over 255 million shares, representing a 28.8% stake. Occidental is Berkshire’s sixth-biggest stock holding, and the conglomerate has become Occidental’s biggest institutional investor by far.
📌 Google’s Android apps are coming in 3D via Xreal as competition with Apple’s Vision Pro heats up. Games and movies on Google Play Store apps can now be viewed in three dimensions via a new Android mobile device from augmented reality glasses maker Xreal, the Alibaba-backed startup said Tuesday.
📌 Reserve Bank of Australia Holds Rates Steady. The Australian central bank continued to warn about ongoing inflation risks at its policy meeting, leaving open the potential for a further rate increase if price pressures remain stubbornly high.
📌 China Dismisses Tax Crackdown Speculation. Chinese authorities dismissed speculation they are cracking down on tax evasion in response to market concern that local governments might be looking to punish companies for decades-old tax misconduct amid mounting fiscal stress.
📌 Central Banks Likely to Boost Gold Reserves on Dollar Pessimism. Central banks around the world expect global reserves of gold to increase over the next year, while pessimism toward the dollar has grown, according to a World Gold Council report.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 19 June 2024
📌 Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%. The purchases brought Berkshire’s holding to over 255 million shares, representing a 28.8% stake. Occidental is Berkshire’s sixth-biggest stock holding, and the conglomerate has become Occidental’s biggest institutional investor by far.
📌 Google’s Android apps are coming in 3D via Xreal as competition with Apple’s Vision Pro heats up. Games and movies on Google Play Store apps can now be viewed in three dimensions via a new Android mobile device from augmented reality glasses maker Xreal, the Alibaba-backed startup said Tuesday.
📌 Reserve Bank of Australia Holds Rates Steady. The Australian central bank continued to warn about ongoing inflation risks at its policy meeting, leaving open the potential for a further rate increase if price pressures remain stubbornly high.
📌 China Dismisses Tax Crackdown Speculation. Chinese authorities dismissed speculation they are cracking down on tax evasion in response to market concern that local governments might be looking to punish companies for decades-old tax misconduct amid mounting fiscal stress.
📌 Central Banks Likely to Boost Gold Reserves on Dollar Pessimism. Central banks around the world expect global reserves of gold to increase over the next year, while pessimism toward the dollar has grown, according to a World Gold Council report.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
[Infographic: Head and Shoulders Trading Strategy Guide]
The head and shoulders and inverse head and shoulders are a type of common reversal pattern found at the end of major trends.
There are 3 main trading strategies for this pattern.
Read full post 👉🏻 https://synapsetrading.com/?p=34688
Share 🍻 https://www.tg-me.com/synapsetrading
The head and shoulders and inverse head and shoulders are a type of common reversal pattern found at the end of major trends.
There are 3 main trading strategies for this pattern.
Read full post 👉🏻 https://synapsetrading.com/?p=34688
Share 🍻 https://www.tg-me.com/synapsetrading
🌍 DAILY NEWS HIGHLIGHTS! 🌍
Date: 20 June 2024
📌 X boss Elon Musk softens ‘go f--- yourself’ comment as he tries to woo advertisers back.
📌 Britain’s Stonehenge sprayed with paint by environmental protesters. Two people have been arrested on suspicion of damaging the ancient monument, local police said in a statement. In video released by environmental group Just Stop Oil, two protesters were seen running towards two of Stonehenge’s megaliths and spraying paint as another person attempted to stop them.
📌 Central Banks Likely to Boost Gold Reserves on Dollar Pessimism. Central banks around the world expect global reserves of gold to increase over the next year, while pessimism toward the dollar has grown, according to a World Gold Council report.
📌 Bank of England set to hold interest rates despite inflation hitting 2% target.
📌 Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain. After a wave of failures, the lenders are paying the fund managers to share their risk.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Date: 20 June 2024
📌 X boss Elon Musk softens ‘go f--- yourself’ comment as he tries to woo advertisers back.
📌 Britain’s Stonehenge sprayed with paint by environmental protesters. Two people have been arrested on suspicion of damaging the ancient monument, local police said in a statement. In video released by environmental group Just Stop Oil, two protesters were seen running towards two of Stonehenge’s megaliths and spraying paint as another person attempted to stop them.
📌 Central Banks Likely to Boost Gold Reserves on Dollar Pessimism. Central banks around the world expect global reserves of gold to increase over the next year, while pessimism toward the dollar has grown, according to a World Gold Council report.
📌 Bank of England set to hold interest rates despite inflation hitting 2% target.
📌 Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain. After a wave of failures, the lenders are paying the fund managers to share their risk.
Sources: CNBC, Bloomberg, WSJ
Share 🍻 https://www.tg-me.com/synapsetrading
Trading is 99% waiting and 1% execution. If you are always “in the action” of the markets, then you will miss the best opportunities when they arrive. Be still and silent until it is time to strike.
Share 🍻 https://www.tg-me.com/synapsetrading
Share 🍻 https://www.tg-me.com/synapsetrading