Market Summary

5As8...ChHQ
13 Jan 2024
74

#MarketNews

Greetings dear traders! Check out this week's latest big news!

The United States and Britain have agreed on a coordinated attack on Houthi positions following the escalation of attacks on international ships in the Red Sea at the end of 2023.
Due to component shortages from Red Sea vessel attacks, Tesla pauses Berlin factory car production (Jan. 29 - Feb. 11).

Elon Musk confirmed that he still holds Dogecoin, his favored cryptocurrency. Additionally, he stated that SpaceX continues to hold a substantial amount of BTC(BTCUSD) in its balance.

🛢 Citi has lowered its 2024 Brent forecast to $74 from $75 and adjusted the 2025 projection to $60 from $70, citing an anticipated rise in oil market surplus.

China’s exports posted the first full-year decline since 2016 as global demand faltered and prices fell, hurting a central pillar of growth for the world’s second-biggest economy.
Airbus(#AIR) delivered 735 commercial aircraft to 87 customers worldwide in 2023, demonstrating strong performance despite a complex operating environment.

Microsoft and Apple are currently in close competition for the world's most valuable company title.

Bitcoin surged to a two-year high of $49,000 before losing momentum as the debut of cryptocurrency ETFs unfolded.

🏦 JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., and Wells Fargo & Co. kick off earnings season on Friday, following a 23% surge in U.S. bank stocks last quarter, outpacing the overall market.

​#Education
One of the keys to success in trading is to use trading indicators to identify entry and exit points. Here are three indicator combos that you should try using together:

EMAs + MACD.
EMA is for trend indication, and the MACD is for market momentum. When you combine them, you get a powerful tool for trading! For example, it could be a good time to buy if the EMAs show an uptrend and the MACD is crossing above its signal line.

MA + RSI.
Combining these two indicators allows you to search for perfect trend trades. If the price touches the MA from above and the RSI is below 30 (oversold zone), traders enter the Buy trade. Also, you can seek reversals with RSI.

MA + ATR.
ATR, or Average True Range, is a volatility indicator that can help you identify the range of price movement. The best way to find an entry point is to use 9 and 21 MAs’ crossover. ATR will help you to set and adjust your Stop Loss.

Combine different trading indicators, and get a more comprehensive view of market trends. Try using these indicator combos together and see if they work for you!

Would you like to learn more about indicators?



Discover a Cinematic Masterpiece This Weekend!


After a bustling week on the market, why not unwind with a movie that offers a unique glimpse into the financial world? Introducing "Margin Call" (2011), an intense drama set in an investment bank during the early stages of the financial crisis.

Featuring a stellar lineup with Kevin Spacey, Jeremy Irons, and Zachary Quinto, this film is not just about the numbers; it's a deep dive into the psychological and ethical crossroads faced in the fast-paced world of high finance.
Why add it to your watch list? "Margin Call" transcends the typical financial drama. It's a captivating narrative that weaves together the subtleties of human nature with the complexities of economic turmoil, all while offering a masterclass in storytelling and character development.

Ponder over the complex workings of the financial universe while relishing this cinematic marvel, and I wish you a weekend overflowing with discovery and tranquility!


https://twitter.com/TraderKedi
That's all for today friends! If you liked it, don't forget to leave a comment and like it, see you!

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