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What Is a Santa Rally? Santa Magic The Santa Rally is a well-known seasonal pattern in the stock market where prices tend to rise during the final trading days of December and the first few trading days of January. Traders and investors often watch this period closely, as it can offer short-term trading opportunities and insight into broader market sentiment heading into the new year. In this article, we’ll explain what a Santa Rally is, why it happens, how often it occurs, and whether it’s actually tradable. Santa Magic What Is a Santa Rally? A Santa Rally…
“I guess he thought no one would notice. It came in a gift bag, and it looked expensive.”
Gold (XAU/USD) trades on the back foot on Wednesday after surging to a fresh all-time high near $4,526 earlier in the day. Volatility picked up amid thin holiday liquidity ahead of Christmas, encouraging mild profit-taking at elevated levels. At the time of writing, XAU/USD trades around $4,470, up nearly 3% this week.Bullion’s historic rally this year has been nothing short of remarkable, with prices up more than 70% year to date, putting Gold on track for its strongest annual performance since 1979. The rally has been driven by strong safe-haven demand amid persistent geopolitical risks and economic uncertainties, as well…
Nvidia has entered into a nonexclusive licensing agreement with AI-chip maker Groq, and will acquire some of the startup’s executive team.
The Canadian Dollar (CAD) holds modest gains against the US Dollar (USD) on Wednesday, even as the Greenback trades firm amid limited movement as markets drift into holiday mode. At the time of writing, USD/CAD is trading around 1.3675, hovering near its lowest level since July 25.Gross Domestic Product (GDP) data released on Tuesday did little to shift sentiment around USD/CAD. Canada’s economy contracted by 0.3% MoM in October, matching forecasts and reversing a 0.2% gain in the prior month. Meanwhile, the preliminary estimate of third-quarter GDP showed the US economy grew at a strong annualised pace of 4.3%, beating…
“We’re both teachers, with a combined gross income of $210,000.”
Essential Trading Rules Rules for The Game Surviving and thriving in the forex or any global market requires much more than chart reading or catching the next big move. The traders who last are the ones who follow a consistent set of rules built around discipline, risk control, and smart decision-making. Below is a guide to the most important trading principles every trader should adopt. Rules for The Game Start With a Reputable Broker Your trading experience depends heavily on the broker you choose. Tight, consistent spreads and reliable liquidity allow you to enter and exit…
The deal expands ServiceNow’s reach into cybersecurity as it aims to create an ‘AI control tower.’
The United States’ (US) Gross Domestic Product (GDP) expanded at an annual rate of 4.3% in the third quarter, the US Bureau of Economic Analysis (BEA) reported in its initial estimate on Tuesday. This reading followed the 3.8% growth recorded in the second quarter and came in better than the market expectation of 3.3%.Other details of the report showed that the core Personal Consumption Expenditures (PCE) Price Index rose by 2.9% on a quarterly basis, matching analysts’ estimates. In this period, the Gross Domestic Product Price Index was up 3.7%, compared to the market forecast of 2.7%.”Compared to the second…
Various factors can reduce a lottery prize, from taxes to even the cost of a limo ride.