Monthly Archives: October 2024
41654156156Gold Sky-rocket with the U.S. Election Jitters
Written on October 30, 2024 at 5:41 am, by pumarketings
Market Summary Gold surged to an all-time high in the last trading session, climbing above the $2,780 mark. Multiple bullish factors have fueled this rally, including intensifying geopolitical tensions in the Middle East and Eastern Europe, which have heightened demand for safe-haven assets. Additionally, as markets brace for the U.S. election, investors are showing aContinue Reading
Kiwi Remains Weak On Dovish Mood Around RBNZ
Written on October 30, 2024 at 2:09 am, by pumarketings
Fundamental Analysis * Kiwi Drift: The New Zealand Dollar remains under pressure, continuing its downward trend due to the dovish outlook surrounding the Reserve Bank of New Zealand (RBNZ). The RBNZ is anticipated to implement an additional 50-basis-point rate cut at its policy meeting of the year in November, with markets even factoring in theContinue Reading
Profit-making opportunities: Recognising Cup and Handle Pattern
Written on October 29, 2024 at 11:25 pm, by seoagencyteam
In the complex world of trading, patterns hold significant meaning as their formation represents the sentiments of the traders. Understanding and recognizing these stock chart patterns can be the difference between a bullish or a bearish trade. One such pattern is the cup-and-handle pattern (C&H), which has helped investors recognize profit-making opportunities for decades. WilliamContinue Reading
