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Updated: 2 hours 54 min ago

Rose Resumes Its Rally As Anticipated

Mon, 12/09/2024 - 06:20
Rose resumes its rally as anticipated, as it can rise within a new five-wave bullish impulse by Elliott wave theory.

Housing Affordability Brings Market To A Standstill

Mon, 12/09/2024 - 06:00
Housing affordability helps explain why residential real estate transactions have reached a standstill.

Reducing Government Spending Is Key To Reduce Inflation

Mon, 12/09/2024 - 05:45
Markets and economists are beginning to recognize that a serious rationalization of spending is the only way to prevent a debt crisis and reduce inflation in the United States.

Brent Oil Faces Pressure Amid Weak Demand And Geopolitical Concerns

Mon, 12/09/2024 - 05:30
Brent crude oil prices have dropped to 71.41 USD at the beginning of the week, influenced by ongoing concerns over weak demand and geopolitical tensions.

Daily Market Outlook - Monday, Dec. 9

Mon, 12/09/2024 - 05:15
The Chinese mainland and Hong Kong markets have seen strong gains, and government bonds rose following a change in the politburo's language regarding monetary policy.

S&P 500 Steadily Coasts To New Record High

Mon, 12/09/2024 - 05:00
The prospect of more rate cuts once again boosted the S&P 500.

BTC/USD Forecast: Bitcoin Continues To Test 100K

Mon, 12/09/2024 - 04:58
During my daily analysis of BTC, the most obvious thing to pay attention to is the fact that Thursday was like a wild goose chase, as the market dropped all the way down to the $92,000 level, after initially trying to break above the $104,000 level!

Broadcom Stock Unique Pattern Points To AVGO Hitting $200

Mon, 12/09/2024 - 04:51
AVGO stock has formed an ascending triangle chart pattern. The company will publish its financial results later this week. There are rising odds that it will jump to $200 soon.

Meta Platforms Inc. Stocks Elliott Wave Technical Analysis - Monday, December 9

Mon, 12/09/2024 - 04:42
Looking for upside into at least MediumLevel 650$. As wave 3 was as long as wave 1 we could also expect an extended wave 5 of (5) taking us towards the next TradingLevel at 800$.

US Dollar Bid Returns After Solid Economic Data

Mon, 12/09/2024 - 04:40
The US Dollar has made a comeback after the latest round of solid economic data out of the US.

The NFP Report Increased The Likelihood Of A Fed Rate Cut Next Week

Mon, 12/09/2024 - 04:30
Nonfarm Payroll Employment rose by 227,000, exceeding the estimate of 214,000, recovering from the bad weather and strikes seen in October. Following the report, traders raised the probability of a December rate cut to 90% from 70%.

Gold Forecast: Gold Continues To See Supporters

Mon, 12/09/2024 - 04:20
The gold market plunged overnight, there is most certainly quite a bit of support just below as we have seen over the last 2 weeks.

WTI Crude Oil’s Seasonal Strength Meets OPEC+ Challenges

Mon, 12/09/2024 - 04:10
WTI Crude Oil demonstrates a compelling seasonal pattern between December and early March, historically yielding an annualized return of +39.26% over the last 25 years.

AUD/USD Price Forecast: Bullish Reversal Move Looks Likely

Mon, 12/09/2024 - 04:00
AUD/USD jumps to near 0.6420 with investors focusing on the RBA monetary policy announcement on Tuesday.

Sensex Today Trades Marginally Lower; Nifty Below 24,700

Mon, 12/09/2024 - 03:50
Indian share markets are trading on negative note with the Sensex trading 76 points lower and Nifty is trading 20 points lower.

FX Daily: Little Reason To Leave The Dollar Now

Mon, 12/09/2024 - 03:40
After a brief sell-off on Friday’s US jobs report, the dollar has returned bid.

BTC/USD Forex Signal: Bitcoin Rally Has Room To Run

Mon, 12/09/2024 - 03:30
Bitcoin price held steady around the $100k level as technicals pointed to more gains in the coming weeks.

Oil Prices Rise Amid Middle East Tensions, But Weak Demand Caps Gains

Mon, 12/09/2024 - 03:20
Oil prices were in the green as tensions in the Middle East grew after the fall of Syrian President's regime.

Elliott Wave Technical Analysis - Bitcoin Crypto Price News - Monday, Dec. 9

Mon, 12/09/2024 - 03:10
Wave (3) appears to have ended and the price is now entering a correction phase in wave (4).

Digital Euro: The Dangers Of CBDC

Mon, 12/09/2024 - 01:50
A central bank digital currency is surveillance disguised as money.

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