🔉 President-elect Donald Trump’s choice of Senator Marco Rubio as his secretary of State
He is arguably the world’s most important diplomat, and could change the dial when it comes to the U.S.′ relationship with both its enemies, and its allies. 🚨 Rubio, considered a foreign policy hawk, has been highly critical of China and Iran, which are considered the hashtag#us′ top economic and geopolitical adversaries. 🦅 Trump’s choice for secretary of state, Marco Rubio, was a key sponsor of 2021 Uighur Forced Labour Prevention Act, which bans the import of all goods from Xinjiang unless companies offer verifiable proof that production did not involve such a violation. 🛢️ Marco Rubio, may intensify oil sanctions on Iran & Venezuela! Analysts note potential pushback from China could soften efforts. ❓ The Florida senator has also been ambivalent about ongoing support for Ukraine, echoing Trump’s stance that the war with Russia must come to an end. 👉 Rubio’s appointment as secretary of state and Trump’s focus on Latin America signals a potential shift in U.S. foreign policy priorities. While ‘America First’ often means pulling back globally, Latin America might indeed be an exception due to historic ties and regional security concerns. Source: CNBC
Both initial jobless claims and continuing claims were lower than expected last week.
🔊 Initial Jobless Claims came in at 217K versus the consensus forecast of 223K. 🔊 The 4-week average came in at 221K versus the consensus forecast of 226K. Source: CMG Venture Group
BREAKING 🚨 PPI data came out…
YoY Growth: • PPI (Oct), 2.4% Vs. 2.3% Est. (prev. 1.8%) • Core PPI, 3.1% Vs. 3.0% Est. (prev. 2.8%) MoM Growth: • PPI (Oct), 0.2% Vs. 0.2% Est. (prev. 0.0%) • Core PPI, 0.3% Vs. 0.2% Est. (prev. 0.2%) Source: Stocktwits
Dax pullback finished ?
The DAX has experienced a pullback exceeding 4% since mid-October highs. Yesterday's Doji candlestick and liquidity grab suggest that the swing support at 18,911 may hold. Do you believe the pullback has concluded? Source: Bloomberg
Gold Reaching Support Levels
Gold has recently pulled back to the 50% retracement level and is approaching the imbalance zone between 2530-2547. The major swing support zone remains between 2280-2346, and it's important to note the discount zone between 2280-2533. Price Action: A rebound could happen at any moment as price approaches these key levels, so keep a close eye on the market for potential moves. Source: Bloomberg
JUST IN: 🚨BlackRock’s Bitcoin ETF has hit $40 billion in assets in a record time 🚀 The most successful ETF launch ever
Source: Bloomberg, Bitcoin Magazine
JUST IN: White House plans to triple Nuclear Power by 2050 to meet technology demands.
Source: Bloomberg
U.S. and China account for half the worlds’ household wealth
Source: Visual Capitalist
