As we kick off the new trading year, let's dive into some of the latest and most insightful developments in the trading world.
Latest Trading News: US FHFA House Prices: The Federal Housing Finance Agency reported a 0.4% increase in house prices for October 2024, marking a 4.5% rise compared to the previous year. This growth reflects the housing market's resilience amid ongoing economic uncertainties.
China's GDP Growth: Xi Jinping recently announced that China's GDP growth is projected to reach around 5% for 2024. This target underscores the nation's ongoing efforts to maintain robust economic momentum despite global challenges.
Russian Gas Exports: In a significant development, Russian natural gas exports to Europe were halted as the transit deal expired. This event has considerable implications for energy markets, highlighting the need for diversified energy sources.
Wizz Air Support Deal: In the aviation sector, Wizz Air entered a support agreement with Pratt & Whitney to address aircraft groundings. This partnership aims to ensure smoother operations and reduce disruptions in the airline's services.
Delivery Hero Slump: The sale of Delivery Hero's Taiwan subsidiary to Uber was blocked, resulting in a notable slump for the company. This setback highlights the regulatory challenges facing international business expansions.
Key Events: PBOC Liquidity Injection: The People's Bank of China stepped up its liquidity injection at year-end, employing new tools to support the financial system. This move is crucial for maintaining stability in China's banking sector.
SNB FX Market Activity: Despite a rally in the Swiss franc during the third quarter, the Swiss National Bank chose to stay out of FX markets. This decision reflects the SNB's cautious approach to managing currency fluctuations.
Goldman Sachs Outlook: Goldman Sachs economists outlined ten critical questions that will shape the U.S. economy's outlook for 2025. These questions cover a range of topics, from inflation trends to labour market dynamics, providing valuable insights for investors.
Notable Speeches: Xi Jinping's Address: In his recent address, Xi Jinping outlined China's economic targets and growth projections for 2024. He emphasized sustainability and innovation as key drivers of future growth, reflecting China's long-term strategic goals.
Goldman Sachs Economist: A thought-provoking speech from a Goldman Sachs economist raised key questions about the direction of the U.S. economy in 2025. Topics included potential interest rate changes, fiscal policy shifts, and global economic interdependencies.
Analysis Highlights: Technical Indicators: Investopedia highlighted essential technical indicators for building a robust trading toolkit, including RSI, MACD, and moving averages. These tools are fundamental for traders looking to make informed decisions.
Market Trends: Bitcoin is currently in a consolidation phase, with analysts predicting a potential move towards 124k. This development signals opportunities in the cryptocurrency market for those ready to navigate its volatility.
Sector Insights: Insights into the oil services sector, leveraging Soros' boom and bust model, suggest intriguing investment opportunities as market dynamics evolve. This analysis offers a strategic perspective on how to approach investments in this sector.
Community Updates: I've received numerous requests about trading signals and the possibility of creating a Telegram group for our community. To make sure we're on the right track, I’m considering running a poll to gauge your interest. Your participation is invaluable, and I'd love to hear your thoughts on whether you’d find this beneficial.
Welcome back, and here’s to a successful and insightful new trading year! 🎉
If anyone has any further questions or topics they would like me to dive into, please feel free to reach out. I’m excited to hear your thoughts and ideas—your feedback is always welcome!.
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