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20241202 USD Strength and Market Movements and Portfolio Update
2nd December 2024 β€’ The Money Mosaic β€’ Pastime Agency
00:00:00 00:10:14

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πŸŒπŸ’΅ The US Dollar rebounds in December, gaining strength against rivals like the Euro and Pound. πŸ‡―πŸ‡΅πŸ‡¦πŸ‡Ί Key global economic indicators show potential rate hikes by the Bank of Japan and growth in Australian retail sales! πŸ‡¨πŸ‡³ China’s manufacturing PMI raises hopes with better-than-expected results driven by stimulus anticipation. πŸ“Š The Federal Reserve’s upcoming meeting is highly anticipated, possibly indicating rate cuts. πŸ’Ή However, geopolitical tensions impact oil, gold prices, and market sentiments.. πŸ“ˆ Detailed ETF portfolio analysis explores recent performance data and market trends. Key insights: iShares MSCI Europe's strong energy sector (+15-20% YTD), iShares S&P 500 with a solid tech boost (20-22% YTD), and L&G AI ETF robust in AI and tech (+20-22% YTD). Recommendations favor **BUY** strategies for specific ETFs with expected returns of 6-7.5% over 3 months, influenced by sector-specific impacts and currency fluctuations. πŸ“ŠπŸ’ΉπŸ’Ό

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