Global Market Weekly Recap: December 9 – 13, 2024
From the Nasdaq shattering the 20,000 barrier to gold’s surge toward $2,700 and bitcoin’s rollercoaster ride, the week’s drama has traders rethinking their playbooks for 2025.
From the Nasdaq shattering the 20,000 barrier to gold’s surge toward $2,700 and bitcoin’s rollercoaster ride, the week’s drama has traders rethinking their playbooks for 2025.
2024.12.10 2024.12.10 Gold Poised to Face Challenging Times. Forecast as of 10.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Despite the sell-offs in November, XAUUSD bulls remain optimistic, still hoping to see the gold price at $3,000 per ounce. However, they acknowledge that the near future may present challenges for the precious metal. Let’s discuss this topic and make a…
NVIDIA Corporation (NASDAQ: NVDA) has faced turbulence since its third-quarter guidance failed to match the market’s lofty expectations. Despite the initial disappointment, analysts at Jefferies remain optimistic, highlighting strong demand for NVIDIA’s chips as a key driver of long-term growth. In its Q3 earnings report on November 20, NVIDIA exceeded both revenue and earnings expectations…
The WPR Crossover MT4 Indicator combines the power of the Williams Percentage Range (WPR) with a crossover strategy to create a reliable tool for detecting market trends. The WPR is a momentum indicator that helps traders identify overbought or oversold conditions in the market, indicating potential price reversals. By using crossovers of the WPR line,…
Cameco Corporation (CCJ) is one of the world’s largest uranium producers, headquartered in Saskatoon, Canada, and a key supplier of nuclear fuel used for electricity generation worldwide. With major mining operations such as Cigar Lake and McArthur River, along with strategic assets in fuel services and nuclear technology through Westinghouse, Cameco plays a central role…
China’s Caixin PMI Services dropped to 50.6 in June from 51.1, missing expectations of 51.0. However, the broader PMI Composite rose from 49.6 to 51.3, marking a return to growth territory driven largely by stronger manufacturing activity. Caixin’s Wang Zhe noted that while supply and demand both improved, the rebound remains uneven and fragile. Still,…
We’ve got a busy trading week ahead of us since a couple of major central banks are scheduled to announce policy decisions, plus the U.S. NFP is lined up, too! Will we see interest rate cuts from both the Bank of Canada and European Central Bank as expected? Here’s what market analysts are…