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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
EUR/GBP"s recovery from last week"s low of £0.8260 has stalled at the 55-day SMA of £0.8365, facing minor resistance. Meanwhile, GBP/USD is approaching resistance between $1.2799 and $1.2817, while AUD/USD has found support at $0.6441, with potential resistance at $0.6537.
The ASX 200 surged to a record high of 8431, up 131 points (+1.59%), driven by optimism from Nvidia"s earnings and strong performance in the financial sector. The Reserve Bank of Australia"s meeting minutes indicated stable policy settings, with little chance of an interest rate cut before May 2025. Local tech stocks also benefited, with notable gains in companies like TechnologyOne and Afterpay"s owner Block.
The SMI index has turned negative, influenced by Nestlé"s performance, while Kuros sees significant gains. The DAX is expected to open higher, following a stable close at 19,189 points, amid reduced political uncertainty. Key earnings reports from Thyssenkrupp and Rheinmetall are anticipated.
Asian indices are poised for recovery as the US dollar cools and Treasury yields face resistance. The Nikkei 225, ASX 200, and KOSPI show gains, while Nvidia"s upcoming earnings are a key focus, potentially influencing global markets amid cautious investor sentiment. The RBA"s meeting minutes are expected to maintain a balanced view on interest rates, with cuts anticipated only in May next year.
Asian indices are poised for recovery as the US dollar cools and Treasury yields show resistance to rising. The Nikkei 225 is hovering around a lower wedge trendline support, with potential for gains as seasonal trends favor stronger performance into early December. However, a breakdown below last week"s high would signal caution.
UBS is seeking a national bank license in the U.S. to enhance its banking services and reduce dependency on client-advisor relationships. This move is crucial as nearly half of its Wealth Management revenue comes from the U.S., where it manages $2 trillion in client assets. A national license would allow UBS to accept demand deposits and offer credit products nationwide.
Glarner Kantonalbank (GLKB) demonstrates resilience in a challenging market, with its share price currently at EUR 22.45, 51% above its 52-week low. The bank offers an attractive dividend yield of 5.09% and has recently expanded its mortgage offerings through a partnership with Pax. Despite slight price fluctuations, investor confidence remains strong, reflecting the bank"s solid fundamentals and innovative approach.
UBS is pursuing an expanded banking license in the US to enhance its growth strategy, particularly in the wealth management sector. The Swiss bank aims to facilitate loans and deposits nationwide, leveraging its recent acquisition of Credit Suisse to attract high-net-worth clients. Chairman Colm Kelleher indicated plans to acquire a US wealth management firm post-integration of Credit Suisse.
The Nasdaq 100 index is testing a near-term wedge support at 20,354 after a 4% retracement, with Nvidia"s upcoming Q3 earnings expected to influence market direction. Meanwhile, gold prices are attempting to stabilize around the US$2,564 support level, while the USD/JPY pair shows signs of a potential higher low, maintaining an upward bias despite recent consolidation.
Gold prices are rebounding, showing signs of recovery after recent declines, with hopes for further gains if the price closes above $2600. Meanwhile, WTI crude oil is trending lower, currently holding above $67.00, while natural gas prices have stalled just below recent highs, with potential long-term targets set at 3600.
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07:07 19.11.2024
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06:27 19.11.2024
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06:11 19.11.2024
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