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Doomsayers Take Note

🚨 🚨 Doomsayers Take Note: Nvidia is now worth $2.88 trillion and larger than the entire Canadian stock market. In just ~2%, Nvidia will officially become the 2nd largest public company in the world. All while the stock split is still over a week away

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Goldman Raises Global Oil Demand Forecast

🛢️ 🛢️ Goldman Sachs raise their global oil demand forecast, see significant demand acceleration. Estimate for 2030 demand increased by 2.5 million b/d to 108.5 million b/d. Most of the global oil demand growth should come from Asian emerging markets

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IMF Upgrades China Growth

🇨🇳 🇨🇳 The IMF has upgraded China’s economic growth target to 5%, from 4.6%

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Website And App Developers Will Be Redundant

🧠 🧠 Gartner predicts generative AI will automate 60% of design efforts for new websites and apps by 2026, and 15% of new applications will be AI-generated without human involvement by 2027

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Every Family Office Should Own This Stock

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Accuracy Is Everything

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Nomura Turns Bearish On JPY

🚨 🚨 “People are obsessed with carry,” said Antony Foster, London-based head of Group-of-10 spot trading at Nomura International Plc. “Even if the Bank of Japan does raise rates in June  — we are forecasting a tiny raise and then more later in the year — this carry will still exist and therefore the market will be very reluctant to be long yen.”

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Traders Buy EURJPY For Carry Trade

🇯🇵 🇪🇺 Traders Buy EURJPY For Carry Trade: The Japanese currency has weakened 1.5% against the euro this month and is approaching its previous record low of 171.56 reached on April 29. While the Bank of Japan ended the world’s last negative interest rate policy in March, its rate gap with overseas counterparts including the European Central Bank remains wide

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Traders Buy GBPJPY For Carry Trade

🇯🇵 🇬🇧 Traders Buy GBPJPY For Carry Trade: The yen slumped to its weakest level in almost 16 years against the British pound. The Japanese currency slid 0.1%, touching 200.63 per pound, the weakest since August 2008. Traders have returned to betting on a stronger pound on the view that UK interest rates will stay higher than in most other G-10 countries, with the Bank of England set to lag behind other central banks in easing

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