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Thoughts For Thursday: No Pre-Santa Rally Correction In Sight But No Rally Either

Thoughts For Thursday: No Pre-Santa Rally Correction In Sight But No Rally Either

Talk of a pre-Santa Claus rally, market correction have yet to materialize but the same can be said of the rally itself. Yesterday, the stock market remained in same static mode.FreepikWednesday the S&P 500 closed at 4,551, down 4 points, the Dow closed at 35,430, up 13 points. and the Nasdaq Composite closed at 14,258, […]
French Inflation Falls More Sharply Than Expected

French Inflation Falls More Sharply Than Expected

Image Source: Pexels  Inflation fell sharply in France in November, to 3.4% compared with 4% in October, thanks to weaker growth in prices across all categories. The trend towards disinflation is therefore well underway in France and will continue over the coming months.  Inflation fell to 3.4% in OctoberConsumer price inflation stood at 3.4% in November, compared with […]
AUD/USD Forex Signal: Aussie Has More Upside Ahead Of US PCE Report

AUD/USD Forex Signal: Aussie Has More Upside Ahead Of US PCE Report

The Australian dollar retreated sharply after the strong US GDP data. It moved from a high of 0.6676 to a low of 0.6600.  Bullish view Buy the AUD/USD pair and set a take-profit at 0.6675. Add a stop-loss at 0.6585. Timeline: 1-2 days.  Bearish view Set a sell-stop at 0.6600 and a take-profit at 0.6500. Add a stop-loss at 0.6700. […]
Copper Commentary – Thursday, November 30

Copper Commentary – Thursday, November 30

Copper Stalling on Weak China DataOn the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October Manufacturing PMI was seen falling further into contractionary territory at 49.4 down from 49.5 last and below the 49.8 the market was […]
China Is Once Again Experiencing A Decline In Business Activity

China Is Once Again Experiencing A Decline In Business Activity

Image source: Pixabay  As of Wednesday’s stock market close, the Dow Jones Index (US30) increased by 0.04%, while the S&P 500 Index (US500) lost 0.09%. The Nasdaq Technology Index (US100) closed negative by 0.16%. Stocks came under moderate pressure yesterday amid hawkish comments from FRB President Richmond Barkin, who said the Fed should keep the possibility of interest rate hikes on the table.The […]
Polish Consumption Quickly Recovers But Overall GDP Recovery Is Slow

Polish Consumption Quickly Recovers But Overall GDP Recovery Is Slow

Image Source: ShutterstockInitial estimates of Polish GDP growth in 3Q23 were revised to 0.5% Year-on-Year from 0.4%. It’s the first quarter this year with YoY GDP growth. We saw a consumption recovery along with robust investment growth. The drag from inventories remains significant. We anticipate a more pronounced GDP growth in 2024 at around 3%, driven by  […]
Inflation Misses Embolden Dovish Bets

Inflation Misses Embolden Dovish Bets

Image Source: Pixabay  A wave of inflation misses around the globe has helped to embolden doves, with the market continuing to price in peak rates and a move from central banks towards a more investor-friendly monetary policy into 2024.Video Length: 00:01:10More By This Author:An Unsettling Inconsistency Bitcoin Starting To Think About Move Back Towards Record High […]
Seasonals Say Gold Is To Break All Time Highs

Seasonals Say Gold Is To Break All Time Highs

Image Source: Unsplash  The seasonals are saying that gold could be about to break its all-time high. The average return in gold between the 13th of December and February 20th is over 4%. If the seasonal pattern repeats this year, according to its average, that will take gold to fresh all-time new highs!Therefore, with the Fed […]
GBP/USD Forex Signal: Sterling Uptrend Has Room To Run

GBP/USD Forex Signal: Sterling Uptrend Has Room To Run

The GBP/USD pair has risen in the past five straight days and is now hovering near its highest point since August.  Bullish view Buy the GBP/USD pair and set a take-profit at 1.300. Add a stop-loss at 1.2600. Timeline: 1-3 days.  Bearish view Set a sell-stop at 1.2720 and a take-profit at 1.2650. Add a stop-loss at 1.2820. The British […]
Bonds Across The World Are All Signaling The Exact Same Thing

Bonds Across The World Are All Signaling The Exact Same Thing

Image Source: Pixabay  Interest rates all over the world are dropping, fast. Economic fundamentals are being repriced in global bonds – hard – now that the September effect has fully dissipated and – this is the important part – the world is more and more confirmed in its ugliness. So much so, that even a former […]