Trump Media – DJT
Trump Media & Technology Group Stock Is Surging Wednesday: What’s Going On?
Trump Media & Technology Group Corp DJT shares are soaring Wednesday morning after Donald Trump was elected the 47th president of the United States.
What Happened: Shares of Trump Media, the parent company of social media platform Truth Social, are surging Wednesday after Trump defeated Vice President Kamala Harris in the 2024 presidential race, driving several stocks expected to benefit under a Trump presidency higher.
It appears UsdJpy 152 is going to be safe for a while. Inevitably Dxy is going to pull back but not now and US stocks should go on a sustained run.
Tesla stock is going to be interesting in weeks to come. I am having trouble with the thought it ever gets below 210 now. 2025 is going to be a very good year for psychiatrists.
XTIUSD DAILY CHART – FOCUS ON 70.00
Crude falling following the trump win but also performing technically.
‘
Gap from last week filled, hit a wall at 72.85 and now dependent on 70.00 holding to prevent a run at the lows.
Note how well the Amazing Trader chart points work (i.e. blue resistance line) and is yet another example how this program works with any instrument your broker offersvon its platform and in any time frame.
A look at the day ahead in U.S. and global markets from Mike Dolan
Donald Trump’s surprisingly comprehensive victory in the U.S. Presidential election has electrified the U.S. dollar – possibly to his own chagrin – and the U.S. currency (.DXY), opens new tab is eyeing its biggest one-day gain in two years.
Even before official results were in, Trump’s virtually assured win across key swing states and in the popular vote nationwide looks far more resounding than the tight race predicted by opinion polls and betting markets only yesterday. His Republican party also took the Senate as expected, but a clean sweep of Congress was still in the mix as the House remains too close to call and may return to Democrats.
Morning Bid: Resounding Trump win sees dollar soar
NEWSQUAWK US OPEN
Election results indicative of Trump Presidential & Senate victory; House too close to call.
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
US Presidential Election results are indicative of a Trump victory and Republicans taking the Senate; House is too close to call.
Equities soar with clear outperformance in the RTY with Trump poised to win the US election; Novo Nordisk +7.1% benefits after posting strong Q3 Wegovy sales.
Dollar flies higher, DXY topped 105.00, before paring back to a current 104.90; EUR & JPY the clear underperformers amongst the G10s.
USTs pressured and Bunds bolstered by the Trump Trade; US curve markedly steeper, attention on the House result to see if this continues
A soft session for the crude complex, pressured by the firmer Dollar and Trump’s known stance on US drilling/supply; XAU softer, base metals dented but awaiting China stimulus details
USDJPY DAILY CHART – 155 on the radar
Filled the opening week gap and then took off the opposite way. Of course, it was the US election results and the Trump Trade that was the catalyst.
Key target is at 155.20 and don’t be surprised if the BoJ is lurking covertly as the 155 area is clearly an important one.
Expect support on dips, especially if it can hold the former high at 153.86.
Analysis-Trump victory to reverberate through global economy
FRANKFURT, Nov 6 (Reuters) – Donald Trump’s victory in the race to become the next U.S. president will have economic consequences for the rest of the world that are likely to be deep and quite immediate.
If Trump enacts just a fraction of his pledges – from higher trade tariffs to deregulation, more oil drilling and more demands on America’s NATO partners – the strain on government finances, inflation, economic growth and interest rates will be felt in every corner of the world.
—
And who , pray tell, is against opportunities that are likely to be deep and quite immediate ?
EURUSD 4 HOUR CHART – TRUMP TRADE PART 3 – HIGHER DOLLAR
Use today’s low (1.0703) as first area of support with 1.0685 and 1.0600 below it.
Back above 1.0780-00 would be needed to slow the risk
If I was a central bank I would have been in covertly to restore some order.
Note my warning that a stop may nit be a stop,
© 2024 Global View