The story that started with Oracle in the middle of last week continued with Broadcom on Friday. Despite its earnings and guidance actually breezing past expectations, the company's stock had lost 11% by the end of the day, and this filtered through to other tech names in both the US and Europe. Asia is also lower this morning with China in particular delivering some disappointing growth data. Nevertheless, gold and silver continue to climb and on today’s podcast our Head of Technical Analysis, Mensur Pocinci, weighs in with the technical view on whether the rally can continue. He also explains why he believes that most investors are underestimating how weak the US dollar is as we head towards year end.
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What is Moving Markets: Daily News?
Moving Markets is a daily market news briefing from Julius Baer. Our experts discuss the latest market developments and put the headlines in perspective to set you up for the coming day. The information contained in this podcast is marketing material. Opinions expressed do not constitute independent financial/investment research, investment advice, or an offer to buy or sell securities by Julius Baer. Please refer to www.juliusbaer.com/legal/podcasts for important legal information prior to listening to this podcast.