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Wednesday, December 11, 2024

American Market Recap: Trade ideas thread - Thursday, 12 December, insightful charts, technical analysis, ideas

Trade ideas thread - Thursday, 12 December, insightful charts, technical analysis, ideas

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:... 

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In-line CPI report leads to a blockbuster day for US stock markets

S&P 500 daily What's better than a solid economy and a dovish Fed that still has plenty of ammunition to lower rates? Not much, evidently. US stocks powered ahead on Wednesday after CPI inflation... 

What the market misunderstands about China

I tend to think that China is underestimated, both in the short and long term. There is a narrative out there that China is 'struggling' and that stimulus is long overdue but the facts don't exactly b... 

Gold moves up to test swing level from last week of November. Crude oil higher as well.

The price of gold is moving higher and near highs for the day. The price is up $24.61 or 0.92% at $2718.36. The high for the day has reached $2721.16. The move higher is up testing the high from Novem... 

Oil nears the best levels of the month in a bounce back from the post-OPEC decline

Oil daily A strong rise in global equities and the potential for China stimulus in the next 48 hours has lifted oil prices. Today's US CPI report has led to a 1.8% rally in the Nasdaq as AI fever retu... 

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Latest Forex Orders

FX option expiries for 11 December 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . And they are both for EUR/USD at the 1.0490-00 levels. With sellers back in near-term control again as price action is belo... 

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