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Financial

Chinese Central Bank Resumes (Official) Gold Purchases

December 10, 2024 - by - Leave a Comment

Image Source:  After a six-month pause, China’s central bank officially resumed gold purchases in November. According to data released by the People’s Bank of China, it added about five tons of …

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Financial

Unlocking ASX Trading Success: Amcor Plc

December 10, 2024 - by - Leave a Comment

AMCOR PLC – AMC Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC – AMC. We see ASX:AMC possibly pushing a little lower …

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Financial

Why The S&P Will Drop 25% In 2025

December 10, 2024 - by - Leave a Comment

It’s been a great time in the market with the S&P +31.46% over the last year. But – for a number of reasons – I suspect 2025 will surprise many …

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Financial

Is The Downshift In US Inflation Stalling?

December 10, 2024 - by - Leave a Comment

Disinflation has stalled recently, but economists are debating if this is a temporary blip that will soon give way to a softer trend. Tomorrow’s consumer price report for November will …

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Financial

Tesla Stock Nears ATH In Massive Turnaround Year, But How Far Can It Go?

December 10, 2024 - by - Leave a Comment

Confidence in FSD robustness seems to be the name of the game for Tesla holders.On Monday, TSLA stock briefly hit $404.19 per share, closing in on Tesla’s all-time high price …

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Financial

The Energy Report : Mysterious China

December 10, 2024 - by - Leave a Comment

Oil prices rose yesterday on Middle East uncertainty after the fall of Bashar al-Assad in Syria as well as expectations that China will stimulate their economy with lower interest rates …

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Financial

Elliott Wave Live: Dollar Index At Support Ahead Of US CPI Week

December 10, 2024 - by - Leave a Comment

Good day, everyone!I hope you had a wonderful weekend. My family and I spent time decorating for Christmas and even went ice skating, so it was a lovely weekend. I …

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Financial

Sensex Today Ends Flat; Nifty Below 24,650

December 10, 2024 - by - Leave a Comment

After opening the day marginally lower, the Indian benchmark remained volatile as the session progressed and ended the day flat.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Tuesday’s choppy …

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Financial

EUR/USD Tumbles Below 1.0550 On Upbeat US Business Confidence

December 10, 2024 - by - Leave a Comment

The Euro fell from 1.0600 on Monday and tumbled over 80 pips against the Greenback on Tuesday after Germany revealed that inflation remains steady. Meanwhile, the NFIB Business Optimism Index …

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Financial

What Are Material Stocks Telling Us?

December 10, 2024 - by - Leave a Comment

Material stocks have been one of the worst-performing sectors this year, lagging the S&P 500 by nearly 20%. Since the election, its relative performance versus the market has continued to …

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