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Daily Market Outlook – Thursday, Dec. 12

December 12, 2024 - by - Leave a Comment

Image Source:   Asian markets climbed on Thursday, spurred by a tech-driven rally on Wall Street, as an expected U.S. consumer inflation report strengthened predictions of a Federal Reserve interest rate …

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Financial

Elliott Wave Technical Analysis: British Pound/Australian Dollar – Thursday, Dec. 12

December 12, 2024 - by - Leave a Comment

GBPAUD Elliott Wave Analysis – Trading LoungeBritish Pound/Australian Dollar (GBPAUD) Day ChartGBPAUD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 …

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Financial

Uber Stock Rises As GM Cancels Robotaxi Plans

December 12, 2024 - by - Leave a Comment

Image Source:   General Motors (NYSE: ) has  its financial support for Cruise’s robotaxi initiative, which has significant implications for the autonomous vehicle industry. GM acquired Cruise, a self-driving car startup, in …

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Financial

Visualizing CO2 Emissions And Global Economic Growth

December 12, 2024 - by - Leave a Comment

The Global Carbon Project issued its  on 13 November 2024. The report provides a wealth of data on the sources of carbon emissions, but very little of that data links those …

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Financial

Two Trades To Watch: EUR/USD, GBP/USD Forecast – Thursday, Dec. 12

December 12, 2024 - by - Leave a Comment

Image Source:   EUR/USD looks to the ECB rate decision ECB is likely to cut rates by 25 bps The focus will be on rhetoric and staff projections US PPI & …

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Financial

Oil Prices Rise As OPEC Cuts Demand Forecasts; Will The Gains Last?

December 12, 2024 - by - Leave a Comment

 Image Source:    Oil prices have risen sharply this week despite OPEC scaling down its outlook for growth in global oil demand. Commerzbank said that the rise in China’s oil …

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Financial

AUD/USD Forex Signal: Bullish Bounce Off $0.6345

December 12, 2024 - by - Leave a Comment

 produced both a profitable short trade from the bearish rejection of the resistance level at $0.6400 and a profitable long trade from the bullish bounce at $0.6345.(Click on image to …

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Financial

ECB Decision Preview – Thursday, Dec. 12

December 12, 2024 - by - Leave a Comment

Image Source:   Later today, we get the highly anticipated European Central Bank policy decision. The central bank is widely expected to cut rates for the fourth time this year. The …

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Financial

Sensex Today Trades Higher; Nifty Above 24,600; Jupiter Wagons Jumps 5%

December 12, 2024 - by - Leave a Comment

Asian markets traded higher tracking overnight gains in US tech stocks. Japan’s Nikkei 225 rose 1.7%, while the Topix gained 1.3%.The US stock market ended mixed after the inflation data …

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Financial

FX Daily: 50bp Cuts And 100bp Hikes Show Fiscal/Monetary Mix

December 12, 2024 - by - Leave a Comment

Image Source:   As year-end fast approaches, central banks make their final monetary policy adjustments. Canada delivered a 50bp rate cut yesterday, while Brazil delivered a 100bp hike – because fiscal policy …

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