Month: December 2024

📊XAU/USD 🤓 Gold may fetch 3400 pips after breaking the trendline of the descending channel. The lips crossed the jaw on the alligator, which confirms the possibility of growth

📊XAU/USD 🤓 Gold may fetch 3400 pips after breaking the trendline of the descending channel. The lips crossed the jaw on the alligator, which confirms the possibility of growth. The People’s Bank of China resumed buying Gold after a break, which confirms the possibility of continuation of the bullish trend submitted by /u/Yuriy_UK [link] [comments]

Pepe meme coin hits new all-time high, with market cap surpassing $11 billion

Pepe price surges to a new all-time high of $0.0000275 on Monday after rallying more than 18% in the previous week. PEPE’s Open interest reaches record levels, indicating new buying in the market. The technical outlook suggests a continuation of the rally, targeting a new all-time high of $0.0000336. submitted by /u/Denchock [link] [comments]

Individual investors have rarely been so confident about the market.

46% of US individual investors believe there is less than a 10% probability of a market crash over the next 6 months, the highest share since June 2006. The percentage has DOUBLED over the last 2 years, according to the Yale School of Management survey. In other words, investors are the least worried about the stock market in 14 years. This comes as the S&P 500 has rallied ~50% since it bottomed in October 2022. On the other hand, investors believe the market is now the most overvalued since April 2000, a month after the Dot-Com Bubble popped. Euphoric market sentiment is through the roof. https://preview.redd.it/irfu2sv4wo5e1.png?width=900&format=png&auto=webp&s=fdbff1bed12cbaafdbb3e2e963b2ce8f6613559f submitted by /u/Pllover12 [link] [comments]

Oil market: Pressure among OPEC+ member mounting?

Bloomberg: OPEC+ has decided to delay any increase in oil production until April, extending the current reductions across its member countries. This move, aimed at stabilizing oil prices, may not achieve its intended effect. By constricting supply, OPEC+ risks losing market share to non-OPEC producers, particularly those in the United States. Indicative of this shift, the U.S. oil rig count, often seen as a barometer for the industry’s health and activity, rose by 5 last week, totalling 482. Concurrently, U.S. crude oil production surged to a record high of 13.513 million barrels per day, underscoring the increasing output capacity of non-OPEC countries and the complex dynamics at play in the global oil market. submitted by /u/Denchock [link] [comments]