Guavy Wire
Earlier in Commodities
All Commodities leads
Gold's Post-Midterm Surge Driven by Futures Trading
Gold jumped 3.6% after the US midterm elections, with Democrats winning commanding majorities in Congress. The rally was likely driven by hyper-leveraged futures trading rather than political shifts. Speculative positioning had reached a major floor, setting the stage for a rebound. The election results acted as a catalyst for mean-reversion buying in gold futures. The dollar's modest weakening did not fully explain gold's surge, highlighting the impact of futures trading on the metal's price.
Gold
ConocoPhillips Beats Estimates with Strong Q3 2026 Results
Oil
Dubai Jewellers Adapt to High Gold Prices with Lighter Designs
Gold
Cambridge Corn Exchange Refurbishment Could Double Ticket Prices
Corn
Soybeans Rebound After 12-Week Low Ahead of USDA Report
Wheat
Corn
Natural Gas Prices Surge Ahead of Weekend
Natural Gas
Corn Futures Steady After Thursday's Losses
Corn
Earlier in Crypto
All Crypto leads
Coinbase Executive Says Crypto Regulation Advancing Despite Legislative Stalls
Coinbase Vice Chair Ryan VanGrack said that while crypto legislation has stalled since the Clarity Act vote, the SEC and CFTC are advancing regulatory measures to provide clarity. He described crypto as inherently bipartisan, even as regulatory proposals face congressional scrutiny. The interview was featured on "The Close" and is available on various streaming platforms.
STRD
MEXC Global cut off from US financial system for sanctions violations
MEW
Fake Trump Post Debunked After 2026 Midterm Elections
TRUMP
TRU
Binance Hack Highlights North Korea’s Growing Cyber Threat
BNB
XRP Drops to 11-Week Low Amid Broader Crypto Market Decline
XRP
Europe’s Far-Right Leaders Distance Themselves From Trump After Midterm Losses
TRUMP
MAGA
Anthropic IPO valuation expectations slashed amid market turmoil
ANT
Earlier in Forex
All Forex leads
Canadian Dollar Drops on Unexpected Job Losses and Market Volatility
The Canadian dollar hit a nearly three-week low on Friday after the economy lost jobs for the third straight month, cooling expectations for Bank of Canada interest rate hikes. The loonie fell 0.7% to 1.4110 per US dollar, with analysts citing elevated equity-market volatility and weak Canadian jobs data. US nonfarm payrolls increased more than expected, boosting the US dollar. US crude futures declined slightly to $90.40 a barrel, while the Canadian 2-year yield dropped to 3.123%.
USD
CAD
U.S. Sanctions Canadian Exchange Firms Tied to Iran and Drug Trafficking
USD
Federal Reserve Bank of Minneapolis Seeks Visiting Scholars for 2027−2028
USD
Two Candidates Vie to Succeed Lagarde as ECB President
EUR
Alberta unemployment rises but remains better than national average
CAD
Democrats Challenge Trump’s Canada Tariffs with Bipartisan Support
CAD
New Zealanders vote amid economic concerns in final election day
NZD
Earlier in Stocks
All Stocks leads
TSMC eyes RAM market entry at Nvidia’s request
TSMC is reportedly considering entering the RAM business at Nvidia’s request, targeting next-generation 3D DRAM technology. The move aims to address supply shortages and high prices, potentially competing with Micron, Samsung, and SK Hynix. The company’s entry could reshape the memory chip market by introducing new competition.
NVDA
Google Meta and TikTok Sue to Block California Social Media Law for Kids
GOOGL
Goldman Sachs Sees Shift in Market Dynamics Post-Midterms
GS
NIKE Stock Dips After Analyst Downgrade and Insider Sales
NKE
Procter & Gamble Offers Stability with 70 Years of Dividend Growth
PG
Microsoft Leads 2026 Gartner Magic Quadrant for Cloud ERP
MSFT
IBM Launches Advanced Quantum Computer in Chicago
IBM