Monthly Archives: December 2024
Can Position Trading be a Long-Term Investment Strategy?
Written on December 6, 2024 at 6:49 am, by sallychang
Position trading is a popular investment strategy that allows traders to take advantage of long-term market trends. By holding positions for extended periods, position traders aim to capitalize on significant price movements and maximize their investment returns. Unlike short-term trading or day trading, which focus on quick profits from short-lived price fluctuations, position trading emphasizesContinue Reading
Dollar Retreats on Jobless Claims, Eye on NFP
Written on December 6, 2024 at 4:14 am, by pumarketings
Market Summary The Dollar Index fell against six major currencies after US jobless claims rose to 224,000, exceeding the forecast of 215,000, dampening optimism ahead of the Nonfarm Payrolls report. Profit-taking weighed on the dollar, but rising US Treasury yields, supported by hawkish Fed remarks, limited losses as investors await further clarity on the laborContinue Reading
Euro Faces Headwind as France Political Crisis Arises
Written on December 5, 2024 at 5:55 am, by pumarketings
Market Summary The euro traded largely unchanged after the French government was ousted in a no-confidence vote led by far-right leader Marine Le Pen. The anticipated outcome saw Prime Minister Élisabeth Borne lose parliamentary support, casting uncertainty over the next chapter of French politics, which may weigh further on the euro. Meanwhile, the U.S. dollarContinue Reading
