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Core Viewpoint - HSBC anticipates that the U.S. dollar will reach its lowest point early next year, suggesting a trend towards a weaker USD based on historical patterns of Federal Reserve rate cuts during periods of no recession [1] Group 1 - HSBC's expectation of the dollar bottoming out early next year indicates a significant shift in currency dynamics [1] - The analysis highlights that previous instances of Fed rate cuts, while the U.S. economy avoided recession, correlate with a weaker U.S. dollar [1]

Group 1 - U.S. stocks are poised for a rebound following President Trump's softened stance on China, which reassured investors after recent tariff threats caused market declines [1] - Futures for the Dow Jones Industrial Average increased by 445 points, representing a 1% rise, while S&P 500 futures rose by 1.3% and Nasdaq 100 contracts gained 1.9% [1] Group 2 - The yield on the 10-year U.S. Treasury note decreased by 11 basis points, settling at 4.04% [2] - Gold futures surged by 2.3%, reaching a record price of $4,093 per ounce [2] - The U.S. dollar appreciated by 0.1% against a weighted basket of currencies [2]

Group 1 - The fluctuation in gold prices resembles that of stock trading, with daily changes causing uncertainty for consumers [4][8] - There is a significant price disparity among different gold retailers, with some stores pricing gold at 1,168 per gram while others offer it at around 1,100, leading to a difference of over 200 per gram [2][6] - Major brands like Chow Tai Fook and Luk Fook maintain consistent pricing, suggesting possible collusion, while other brands like Lao Feng Xiang and Lao Miao show varied pricing strategies [2][6] Group 2 - Consumers are advised to consider purchasing gold bars for better value, as they typically have lower premiums compared to jewelry, which includes additional craftsmanship costs [6] - The decision to buy gold should be based on individual urgency and market conditions, with recommendations for dollar-cost averaging to mitigate risks associated with price volatility [8] - The long-term view on gold remains positive as a hard currency, despite short-term fluctuations influenced by various economic factors [8]

U.S. stock futures were a touch lower on Friday, at the end of a week in which stocks have struggled for direction amid uncertainty about the ongoing government shutdown.Futures tracking the Dow Jones Industrial Average were up just 10 points, effectively trading flat. S&P 500 futures fell 0.1%, and contracts tied to the tech-heavy Nasdaq 100 were down by the same amount.The yield on the 10-year U.S. Treasury note was down 3 basis points to 4.11%. The dollar slipped 0.2% against a weighted basket of its pee ...

The greenback is rebounding after a bad first-half, and that's troubling news for those betting against the dollar: Here’s your Evening Briefing https://t.co/CNdqCkWFwg ...

Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign exchange market, but the wager is starting to stumble https://t.co/hUuXpgg6fa ...

Currency Market - The Japanese yen weakened to its lowest level against the dollar since February [1]

Market Outlook - The equity rally has been a global affair with participation driven by different dynamics [2] - Global growth is showing positive progression in most key markets, indicating a global reflation and reaceleration [6] - Expectation is to see diversification away from the dollar in terms of reserve positions and central banks over the next couple of years [10] - A correction of 10% pullback is expected over the next 12 months, empirically from these types of levels [14] Earnings and Investment - Earnings continue to come through, underpinning the market progression [3] - Constructive view on earnings continuing through the back end of this year and into next year [4] - Hyperscaler capex is seeing roughly a 50% increase this year, with $350 billion invested in that space and expected to be close to $1 trillion over the next three years [7] - Corporate fundamentals are gaining positive momentum as people get the pass-through of growth [9] Fiscal Policy and Corporate Strategy - There is material change on the fiscal side, with Germany now talking about expansion instead of consolidation [8] - US larger cap companies are showing pricing power to pass through tariff implications to the underlying consumer, keeping margins relatively healthy [12] - Multiples and valuations don't give significant cause for concern, with MAG7 trading in the high 20s and the broad market in the low 20s [14]

🚨 CMC News: Bitcoin Hits $125K All-Time High as Dollar Crashes to 1973 Lows.🔗 https://t.co/bMm8hPZAmR https://t.co/ahA6qvIbCv ...