NVDA etc. is Bearish at the moment, while Banks are attempting to provide Bullish liquidity! Likely, investors are looking for more of an attractive discount...many things considered!
The Mexican peso remains in a delicate position, struggling with a series of internal and external factors that exert pressure on its value. Despite a weaker U.S. dollar midweek, the local currency has faced notable downward pressures, reflecting the complex economic landscape that Mexico is navigating. Global trade uncertainty continues to be a key factor. While the extension of 25% tariffs on Mexican products by the United States provides some relief, the latent threat of new protectionist measures remains. This trade tension environment limits the peso’s recovery margin, given the nervousness among investors and businesses. On top of this global scenario, internal challenges also impact the peso’s behavior. Recent economic data paints a mixed picture, with both strengths and weaknesses that raise doubts about the resilience of the Mexican economy. Gross fixed investment, a key indicator of economic health, showed a year-over-year contraction of 0.3% in November, according to INEGI data. Although this decline is moderate compared to previous months, it reflects a persistent weakness in the construction sector, one of the traditional economic drivers. However, spending on machinery and equipment continues to show solid growth, suggesting that investment in other sectors remains dynamic. In contrast, private consumption, another fundamental component of domestic demand, has grown by 0.7% annually. However, a deeper analysis reveals an increase in the consumption of imported goods, which could generate pressure on the trade balance and further impact the peso, especially amid U.S. trade uncertainty and at-risk exports to its northern neighbor. Market attention is now focused on the decision by the Bank of Mexico (Banxico) in its upcoming monetary policy meeting. A rate cut is expected, but its magnitude will be key in determining the peso’s impact. An aggressive 50-basis-point cut could exert additional pressure on the Mexican currency. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
The Good: NYSE:NVO expects its GLP-1 drugs Wegovy and Ozempic to soon come off the Food and Drug Administration's official shortage list. Just reported better-than-expected net profit in Q4 2024, amid soaring demand for its obesity drugs. Revenues for the Q4 2024 came in at $11.6 billion, up 30% compared to the same quarter in 2023. From a technical analysis perspective, hovering near my historical simple moving average which may lead to a near-term price increase due to positive earnings The Bad: Slower growth in 2025 (16%-24% for 2025 vs 18%-26% in 2024). Chart has been on a major run since 2020 and may be due for further correction. Personally, the positives outweigh the negatives given the obesity drug demand. Thus, at $86.74, NYSE:NVO is in a personal buy zone. Targets: $96.00 $105.00
Price is heading towards a pullback support level of 1.41675 from that area , we may likely see a bounce in price to the upside. A buy opportunity is envisaged from that area. Fundamentally, a weaker USD will aid the possibility of price getting to that point
High risk short trade in gold. Enter with Candlestick Confirmation. Reward first one, then three, and finally lower targets. More optimal entry following a possible stop hunt. By Nexus Trades Zone
LQTY is coming down to longer-term targets, given 12hr was held at the very top, a 12hr UR within monthly range is a good target! It may hit the lower red line, if you want to be safer this is the better entry, and will give a better risk:reward and trade management possibilities.
TATA MOTORS is currently facing significant short-term resistance at a crucial lower low level. The stock has attempted to breach this resistance twice this week but has encountered rejection on both occasions. If it fails to overcome this resistance shortly, we could anticipate a further decline, potentially nearing the 600 rupee mark. This outlook is especially pertinent given the company's recent weak earnings report, which has likely dampened investor sentiment and contributed to selling pressure. Should the stock manage to successfully break through the resistance, it will be vital to monitor its ability to maintain this newfound position above the breakout level. Sustaining this momentum could signal renewed buying interest and potentially pave the way for a rally. Conversely, if the stock fails to break through the resistance one more time, it may present an opportunity to enter a short position, particularly after confirming a bearish technical setup of your choice—whether that be through indicators such as moving averages, relative strength index (RSI), or candlestick patterns. For those considering a short position, our target price would be strategically set at 600 rupees, whereas if pursuing a long position, we would aim for a target of 825 rupees. This dual approach allows for a balanced strategy, aligning with market movements and technical indicators while managing risk effectively.
According to HTF gold XAUUSD wants to fly more, Price can touch 2900, If price pullback at 2822, Place order Gold buy I will focus on buy. Please share your ideas Entry : 2822 Stop loss : 2790 Target : 2850 Target : 2877 Target : 2900
I entered a medium-sized short position on NexGen for several reasons, as the probability of revisiting the range lows appears high from this point: 1-The price briefly broke above the range highs but quickly reversed back inside, indicating a failed breakout. 2-A classic Head and Shoulders pattern has broken down and is currently retesting the neckline. At the end of the day, trading is all about probabilities, and to me, this setup looks highly valid. Let’s go!
Google priced in gold's upwards momentum slowing to a grinding halt. The capital rotation process gets much more evidence once this chart closes below that dashed line. Not many understand this.