July 16, 2024
CURRENCIES
EUR/USD:
- Rides post-US CPI wave higher.
- Challenges resistance zone between 1.0942 and 1.0960.
- Bullish momentum might encounter resistance near 1.0916.
GBP/USD:
- Surges post-UK election and US CPI catalysts.
- Risks overheating with RSI near overbought.
- Faces potential resistance at 1.3142.
AUD/USD:
- Momentum slows due to weaker Chinese economy.
- Fed’s potential rate cuts contrast RBA’s stance.
STOCK MARKET
Financial connections:
- Vance’s venture capitalist background connects him to Silicon Valley and business sectors.
- His relationships with investors like Peter Thiel and Steve Case have been pivotal.
Career and political rise:
- Vance’s early career in venture capital and his memoir, “Hillbilly Elegy,” boosted his national profile.
- Launched Narya Capital to invest in states like Ohio.
- Won the Ohio Senate seat in 2022 with significant financial backing.
Trump’s choice:
- Trump selected Vance as his running mate, citing his successful business career.
- Vance’s connections and business acumen are expected to play a crucial role in the 2024 campaign.
Past criticism and current support:
- Vance was initially a Trump critic but has since become a staunch supporter.
- His stance on Big Tech censorship aligns with Trump’s policies.
Impact on campaign:
- Vance’s business ties are anticipated to strengthen Trump’s campaign funding and strategy.
- His influence is expected to be significant in shaping business and technology policies.
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