This year was a topsy-turvy one for the financial markets to say the least, as wild sentiment swings and a bunch of record highs were seen for some asset classes. What were the biggest trading psychology lessons we can take away from 2024? I’ve rounded up a quick list that sums things up: Never underestimate market sentiment Not everything…
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Is Tesla Stock a Buy or Sell? Analyzing the Technical and Fundamental Signals Tesla Inc. (NASDAQ: TSLA) is at a pivotal point, with its stock showing significant technical bearish signals and soaring valuation ratios. Investors are keen to understand whether Tesla represents a prudent investment opportunity. Here’s an in-depth look at both the technical patterns and fundamental valuation metrics…
EUR/USD may depreciate further as the short-term price momentum is weaker. The initial support appears at its two-year low of 1.0332, recorded on November 22. The nine-day EMA acts as immediate resistance at the 1.0417 level. EUR/USD recovers its recent losses from the previous session, trading around 1.0410 during the European hours on Tuesday. A review of the daily…
With only one day left to go, let’s take a look and what were the best and worst performers in each asset class during the year. Were there any standouts and/or surprises that might catch your eye? Here’s a look at the major currencies space with the dollar as a benchmark: GBP -1.4% CNY -2.8% EUR -5.7% CHF -7.3%…
USD/JPY depreciates as traders assess the market sentiment of the BoJ raising interest rates in January. The Japanese Yen is set to decline more than 10% against the US Dollar in 2024. US Treasury yields fell by approximately 2% with 2-year and 10-year yields at 4.24% and 4.53%, respectively, on Monday. USD/JPY extends its losses for the third consecutive…
2024.12.31 2024.12.31 US Dollar May Face Roadblocks in 2025. Forecast as of 31.12.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ EURUSD bears continue to bet on widening divergence between US and eurozone economic growth and the expanding Fed–ECB rate spread, which will likely push the euro to 0.97 against the greenback. What factors could prevent this outcome? Let’s discuss this topic and make a…
Xinhua with the info (via Reuters headlines): China’s President Xi and Russia’s Putin exchange New Year greetings Xi, to Putin: China and Russia always move forward hand in hand along the right path of non-alliance, non-confrontation, and not targeting any third party Xi, to Putin: China-Russia political mutual trust and strategic coordination are continuously marching to a higher level…
The Australian Dollar holds losses after the release of China’s NBS Purchasing Managers’ Index data on Tuesday. China’s official Manufacturing PMI slipped to 50.1, with Non-Manufacturing PMI improving to 52.2 in December. The US Dollar struggled as Treasury bond yields depreciated by around 2% on Monday. The Australian Dollar (AUD) remains tepid against the US Dollar (USD) following the…
