Author: admin

Germany’s pension reform looks set to pass after Die Linke signals abstention, giving Euro (EUR) a temporary boost against the Pound Sterling (GBP).

If you’ve been watching my videos on the USDINR over the last few days — including yesterday’s update — you know the focus has been on the pair’s strong bullish run to new record highs and the approach toward the 161.8% Fibonacci extension. That level has been the logical upside target as momentum continued to build.

Today, the market finally sniffed that extension level, but the first test attracted early sellers. That initial hesitation became more meaningful as the session unfolded, and over the last 10 hour or so the price has seen a steady, orderly decline. In fact, this is the most significant corrective move we’ve seen since November 23–24, marking a notable shift in the tone of the intraday price action.

Importantly, the move lower has brought the pair back toward a targeted support zone that I have highlighted in the prior videos. This support is anchored by a key swing area at 89.7900, and it now aligns with the rising 100-hour moving average, currently near 89.7756. The confluence of these two levels strengthens their importance from a technical perspective.

So far, the intraday low has reached 89.873, keeping price just above that dual-level support cluster. The pair is currently trading near 89.8760. For traders looking for a buy-the-dip opportunity, the zone between 89.7756 and 89.7900 is the natural place to lean against, with a stop on a sustained break below the 100-hour moving average.

Conversely, for sellers who entered at higher levels, the picture is different. They need to see the price break and stay below the rising 100-hour MA to finally claim a downside victory — something the bears have been chasing but have not achieved for quite some time. Without that break, the broader bullish structure remains intact.

This article was written by Greg Michalowski at investinglive.com.

Paramount attorneys sent a letter to Warner Bros. Discovery questioning whether its acting in the best interest of shareholders.

The US stock market today presents a mixed picture, as distinct trends emerge across various sectors. Notably, Meta leads with a robust surge, while semiconductor stocks falter, showcasing the evolving dynamics in the technology sector.

📊 Sector Overview

• Technology Sector: While some technology stocks are holding firm, semiconductors are struggling. Nvidia (NVDA) rises modestly by 0.70%, but there’s a distinct downturn in stocks like Micron (MU), plummeting 2.12%.
• Communication Services: The standout performer of the day is undoubtedly Meta, with an impressive rise of 4.14%. The sector reflects investor optimism, especially with Google (GOOGL) also gaining slightly at 0.19%.
• Consumer Cyclical: Companies in this sector show varied performances, with Amazon (AMZN) seeing muted gains of 0.11% amid cautious consumer sentiment.
• Financials: This sector offers a stable outlook, notably with JPMorgan Chase (JPM) and Visa (V) both up by 0.56% and 0.66% respectively.

🔍 Market Mood and Trends

The market’s sentiment today is a blend of optimism and caution. Investors lean towards more stable growth stories in communication services, buoyed by technology giants like Meta. However, there is concern in the broader semiconductor industry, which might be indicative of supply chain issues or rising production costs.

💡 Strategic Recommendations

Given the current landscape, investors may consider adjusting their portfolios to embrace the upward trends in communication services while being cautious with semiconductor equities.

• Focus on companies like Meta and Google for potential upside in the communications sector.
• Exercise caution within semiconductors; remain alert to industry news that might affect stocks like Micron and others.
• Keep an eye on financials for stable growth and possible dividends.

Stay connected with us at InvestingLive.com for ongoing updates and deeper insights into market fluctuations and opportunities. Navigating such a varied market landscape requires both caution and a keen eye for growth opportunities.

This article was written by Itai Levitan at investinglive.com.

Silver (XAG/USD) trades on the back foot on Thursday as bulls take a breather and book partial profits after the metal climbed to record highs near $58.98 on Wednesday. At the time of writing, XAG/USD is trading around $56.87, down roughly 2.77% on the day.

S&P 500 flushed on poor ADP employment change, and it was essential to buy that drop, just as I told clients.

The Japanese Yen (JPY) strengthens sharply as tightening expectations for the BoJ accelerate, driven by Governor Ueda’s latest hawkish remarks.

The Pound Sterling (GBP) stays firm near the top of its overnight range, with options markets sharply repricing protection against GBP weakness after the UK budget.

The firm said layoff plans totaled 71,321 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.