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Texas power prices surge 6000%

Spot electricity prices in Texas rose more than 60 fold, approaching the $5,000 limit, as the state's power grid is facing the tightest power supply conditions all summer.

The intense heat continues to scorch Texas, causing demand for electricity to skyrocket and homes and businesses to turn on their air conditioners.

Despite the fact that electricity consumption has reached record highs about a dozen times since the beginning of June, the Texas power grid has for the most part shown no signs of operational stress yet.

The main reason for this is the increase in solar generation capacity compared to last summer, and evening increases in wind generation often offset daytime declines in solar generation.

The most stressful conditions on the grid often occur after sunset, when electricity demand is still high and solar power is off.


The sales of these drugs in the US have driven Novo Nordisk's market value to become the second most valuable company in Europe after luxury goods maker LVMH.

The weight-loss drug is expected to generate sales of about $6 billion, with FactSet analysts predicting that figure to grow to $15 billion a year in 2027.

According to the WSJ, the large influx of currency has caused the Danish krone to strengthen against the euro.

The Danish central bank is therefore forced to keep interest rates lower than those set by the European Central Bank to prevent the currency from strengthening too much.


😁 Domestic company worth more than GDP of an EU state

The popularity of weight-loss drugs among Americans has helped Danish company Novo Nordisk, which makes them, grow its market value to $413 billion, more than its home country's GDP of about $406 billion.

And according to the Wall Street Journal, this phenomenon is taking its toll on Denmark's economy. It manifests itself in the form of lower interest rates and a stronger currency, the report said.


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SL 13363
TP open

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NASDAQ 100 (USTECH100)

SELL
Timeframe: M30
Entry at 13335
Take profit 1 at 13258.7
Take profit 2 at 13133.1
Stop loss at 13418.4

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SELL EURUSD
Today NFP data price will fall over Dollar volatility

Level- 1.022-1.025|1.029-1.031
TP- 1.017/1.012
SL-20 pips


SELL XAUUSD
Today NFP data, price will fall from overbought level

Level - 1790-1795|1805-1810
TP-1775/1760
SL-5 pts


SELL GBPUSD
BoE Rate hike could not give bull pressure + Today NFP data, price will drop

Level- 1.216-1.219|1.223-1.225
TP- 1.211/1.206
SL-20 pips


BUY USOIL
Tight supply and average demand, price will rise

Level- 89.0-88.0|86.0-85.0
TP-90.0/91.0
SL-0.5 pts


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EURUSD SELL NOW
@ 1.02300 - 1.02500

SL❗️1.02700

TP 1: 1.02100
TP 2: 1.01900

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@ 92.900 - 92.700

SL❗️92.500

TP 1: 93.100
TP 2: 93.300

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SELL NAS100

SL 13333
TP open

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#EURJPY SELL 135.950
TP 135.450
TP 134.950
TP 134.450
SL 136.950 USE BIG LOTS


GBPUSD SELL 1.21600
TP 1.21100
TP 1.20500
TP 1.17500
SL 1.23500 USE BIG LOTS


Dollar index approaching trendline resistance


SELL NAS100

SL 12988
TP open

Low risk trade
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#USOIL SELL LIMIT 97.650
TP 97.000
TP 96.500
TP 95.650
SL 99.100 USE BIG LOTS

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