FSW Asset Management Company

08/11/2024

US30 starts to fall and we start to make a small profit

07/11/2024

Market Forecast: Crude oil may see a bearish trend in the short term

Crude oil prices face a bearish outlook in the near term. Downward pressure from a stronger dollar, weak demand and high U.S. inventories. While potential sanctions and supply disruptions are providing some support, prices are likely to remain under pressure without significant bullish catalysts.

technical analysis

With Trump set to become the next U.S. president in January 2025, crude oil prices may enter a bear market cycle. Trump had promised in the run-up to the presidential election that regulations and licensing would become less stringent. At the same time, funds allocated to green energy will shift toward shale oil and fossil fuel projects. This means that in addition to the expected normalization of supply by OPEC+, structural additional supply will be released in 2025.

06/11/2024

Russian rouble dips to 100 to dollar as Trump declares election win
MOSCOW: The Russian rouble briefly weakened to 100 against the dollar on Wednesday as Donald Trump claimed victory in the US presidential election, a result that could push the US currency higher.

05/11/2024

💵💶The Fed's interest rate cut may weaken market demand for the dollar, creating opportunities for the euro to recover. Meanwhile, the ECB's aggressive moves to tackle inflation and promote economic growth will further enhance the euro's appeal.
💡 Seize the opportunity💡: As the eurozone economy picks up, investors can capitalize on this trend by adjusting their portfolios to take advantage of the euro's appreciation.
📣📣Our analyst, Robert McKellar Doggett, will provide you with flexible foreign exchange strategies that can help you profit from volatility and lock in the optimal profit scenario.
🔴🔴Recruitment of 100 new students, enjoy 1 month of professional team 1v1 free signal experience, leave me a message “1V1” sign up!

04/11/2024

04/11/2024

Scott F. Reddy, CFA®
Senior Investment Manager, CFA Chartered Analyst
Scott F. Reddy was a Senior Investment Advisor at Biltmore Capital Advisors and currently serves as Regional Director for the European market. Scott is future-focused and is responsible for the firm’s long-term vision and strategies related to the client experience.
He works with clients to help them navigate the financial markets with confidence. Scott knows that it is important for clients to enjoy their wealth, and that can only come from a strong belief in their investment approach. In joining FSW Group, Scott provides clients with customized advice on all aspects of wealth, with a focus on asset allocation and investment manager selection.
Previously, Scott worked at Berman Capital Advisors and before that at Merrill Lynch’s Private Bank and Investment Group. At Merrill Lynch, he focused on building and maintaining relationships with ultra-high net worth families. His responsibilities included economic research, customized portfolio construction, and fundamental investment analysis.
He holds the Chartered Financial Analyst (CFA®) designation and is a member of the Atlanta Association of Financial and Investment Professionals. As a CFA® charterholder, Scott has extensive expertise in portfolio management and helping to design portfolio strategies to help clients achieve a wide range of financial goals.

04/11/2024

Robert McKellar Doggett, CFA®
FSW strategic partner, CFA chartered analyst
Robert has over 20 years of wealth management experience. He has a diverse background from advisory to leadership positions, having served at all levels of industry leadership. Prior to joining FSW; Robert began his career at Morgan Stanley, where he honed his skills in multiple advisory and leadership positions, and served as a supervisor for the team.
Robert is the Director of Investment Strategy at FSW Group, responsible for gathering information, conducting research, and analyzing assets for inclusion in client portfolios. His primary responsibilities include assisting with portfolio asset allocation decisions and manager due diligence, with an interest in macroeconomic indicators and statistical modeling.
Robert previously served as a Wealth Strategist at JPMorgan Chase, where he was responsible for developing and implementing a goal-based planning framework for the Private Bank. He served as a Denver Investment Specialist at JPMorgan Chase Private Bank, advising clients. At JPMorgan Chase, Robert advised clients on strategic asset allocation decisions and opportunistic investing in both public and private markets
Robert enjoys understanding the economy and markets, and helping advisors develop investment strategies for their clients. Robert received a bachelor's degree in finance from the University of Minnesota and completed the CFA®/Harvard Investment Management Program.
Robert holds the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), Financial Risk Manager (FRM), and Quantitative Finance certifications. He is also a member of the Atlanta Financial Analysts Society and the Atlanta Chapter of the CAIA Association.

04/11/2024

🇺🇸 With polls showing a 49%-49% deadlock, Harris and Trump ramp up efforts in battleground states. Harris is rallying Black voters in Detroit, and Trump is energizing supporters in Pennsylvania to sway last-minute votes.
⚡️ With the US election neck-and-neck, over 20 central banks, including the Fed, BOE, and Riksbank, are set to adjust rates this week—likely cuts in the US and UK, while Brazil is expected to hike by 0.5%.
🇨🇳 China’s lawmakers are set to approve a fiscal package exceeding ¥1 trillion ($140B) this week, but doubts remain on its impact as US election results and potential Trump tariffs loom.
🛢OPEC+ countries, including Saudi Arabia, Russia, and Iraq, have extended voluntary oil production cuts of 2.2 million barrels per day until December 2024, reaffirming their commitment to compliance and additional adjustments.
has reportedly cut dozens of employees from its Metaverse unit as it shifts resources to A.I. This follows other tech giants like Meta, which saw a $4.4 billion loss in Q3 2023, and Microsoft, which cut around 100 Metaverse staff earlier this year.

01/11/2024

The price of gold suffered a pullback in the European session on Friday (1 November) as oil prices soared on fears of another Middle East conflict breaking out between Iran and Israel, while US wheat prices hit technical resistance.

Gold prices retreat from record highs

Spot gold prices hit a record high of $2,790 per ounce, close to the psychological mark of $2,800, before retreating to $2,732.00 as some traders cashed in their profits ahead of Friday's release of U.S. non-farm payrolls data and next week's U.S. presidential election.
Below $2,732.00 is the 23 October low of $2,709.00 and as long as this level of support is not broken, the medium-term uptrend will remain intact.

Resistance above the 23 October high of $2,758 is at this week's all-time high of $2,790.00.

Crude oil prices on track for third straight day of gains

The price of West Texas Intermediate (WTI) near-month futures recently fell sharply to Tuesday's low of 66.62 before quickly rebounding nearly 6% due to the escalating situation in the Middle East. Concerns over tensions between Iran and Israel and possible supply disruptions have pushed oil prices higher to the 55-day simple moving average (SMA) at 71.08, with last week's high of 72.29 as resistance. If it breaks, a bottom will form and the October peak at 78.02 will reappear.
A possible slide could find support near the 24 October low of 69.74.

31/10/2024

☀️ Morning, traders! Here’s what’s making waves in the financial markets today:
🥇Due to rising prices, global central banks reduced net gold purchases by 49% in Q3 2024. However, according to the World Gold Council, Poland and Hungary significantly increased their reserves, adding 42 and 16 tons, respectively.
🇺🇸The US economy grew at a 2.8% annualized rate in Q3, driven by robust consumer spending, although trade deficits and lower residential investment curbed growth.
📱 Q3 earnings beat expectations, with revenue rising to $40.6 billion (+18.9% YoY), profit at $15.7 billion (+35.4% YoY), and daily active users at 3.29 billion, while shares dipped by 3.1% amid investor concerns over escalating AI investments.
📱 shares fell 4% in extended trading after the company forecasted Azure cloud growth of 31%- 32% for Q2, down from 34% in Q1 due to data center capacity constraints. Quarterly revenue rose 16% to $65.6 billion, with profit at $3.30 per share, both beating estimates.
🇬🇧 After the UK budget, traders see a 48% chance of a December rate cut, down from 63%, with 10-year yields rising to 4.353% and 2-year yields to 4.322%.
📆 CALENDAR FOR TODAY - 2024.10.31
🔔
Thursday:
🇨🇦 GDP m/m - 8:30 GMT-4
🇺🇸 Core PCE Price Index m/m - 8:30 GMT-4
🇺🇸 Employment Cost Index q/q - 8:30 GMT-4
🇺🇸 Unemployment Claims - 8:30 GMT-4
That’s it for today, guys! Click on 👍if you liked our review, and see you soon!
📲 Start Trading with FSW

30/10/2024

☀️ Good morning, dear traders! Let's check the news moving the financial markets today:
🥇Gold prices exceeded $2800 per ounce for the first time in history. Global gold demand surged past $100 billion in Q3, reaching a record-breaking 1,313 tons as Western investors flocked to the asset amid fears of missing out, supported by robust ETF inflows and central bank purchases.
📈 will pay $0.20 per share in dividends on December 16, following a $2.5 billion total payout for Q3. Its AI investments have started to yield higher-than-expected cloud profits and a surge in search users.
🇪🇺 After talks with Beijing failed to reach an agreement, the EU will impose tariffs on Chinese electric vehicles, including a top duty of 35.3% on SAIC Motor and subsidiaries and a baseline 10% duty on all EV imports.
🛢 The World Bank forecasts an oversupply in the oil market in 2025, with Brent prices dropping 6% to $73 per barrel due to slower Chinese industrial growth and non-OPEC+ production increases. However, Middle East tensions could push prices up to $92 per barrel, averaging $84.
📆 CALENDAR FOR TODAY - 2024.10.30
🔥
Wednesday:
🇨🇭 SNB Chairman Schlegel Speaks - 05:00 GMT-4
🇺🇸 ADP Non-Farm Employment Change - 08:15 GMT-4
🇺🇸 Advance GDP q/q - 08:30 GMT-4
🇨🇦 BOC Gov Macklem Speaks - 18:15 GMT-4
That’s it for today, traders! Smash 👍if you liked our review!
📲 Start Trading with FSW