Stocks have begun December trading on a muted note, though far from the bearish trajectory that defined much of November. December is historically a month where investors anticipate gains—a phenomenon known as the “December Effect” or the “Santa Claus Rally.” This seasonal strength is typically driven by three core catalysts: Corporate Stock Buybacks: Companies rushing […]
The post Dow Jones (DJIA) Outlook: Could the Christmas Spirit awaken? appeared first on ActionForex.
Markets The oil price (Brent) hovered around the $90/mark yesterday following Monday’s wild swings. Talk that the US navy escorted an oil tanker through the Strait of Hormuz was later denied by the White House. Read more…
Key takeaways Bullish technical breakout: The AUD/USD has finally broken above the 0.7140 major resistance—a level tested multiple times since 2022—reaching a 52-week high near 0.7185, signalling the start of a fresh bullish impulsive uptrend. Read more…
Oil prices reversed their Asian session gains again yesterday, pulling US crude all the way down to the $76pb mark as the International Energy Agency (IEA) announced that it could release a record amount of Read more…