Zhao Changpeng, founder of Binance, said that AI labeling and data processing are very suitable for completion on the chain, achieving instant payment through cryptocurrency, while taking advantage of low-cost global labor without geographical restrictions. In addition, high-quality labelers can be rewarded through a normal distribution curve while avoiding rewarding low-quality ones, while preventing robot attacks requires additional consideration.
🟢 Gold contracts jumped by more than $30 per ounce during today's trading session, Wednesday, in anticipation of the release of inflation data in America later today, which may provide more indications about the future path of interest in anticipation of the Federal Reserve meeting next month.
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🔴 US stocks have outperformed global stocks for 16 straight years, and by a wide margin. The result: We are now three standard deviations above the average in terms of historical US outperformance.
🔴 Deutsche Bank expects the S&P 500 to reach 7,000 points by the end of 2025, up 17% from current levels, supported by strong demand for stocks from investors with increased risk appetite as well as strong institutional activities such as share buybacks.
📊 Gold steadies after falling 3% in the previous session, as the yellow metal received support after Donald Trump pledged to impose tariffs on all imports from Canada, Mexico and China.
🤖 “Pride of opinion has been responsible for the downfall of more men on Wall Street than any other factor.”
• Charles Dow.
⬅️ This famous quote from the pioneer of indicators, after whom the Dow Jones Industrial Average is named, emphasizes the importance of not letting a few gains take over your mind. Traders should never stop asking questions and learning from the markets. The ability to remember that price movements are merely confirmation of your speculation, rather than believing that the markets moved in accordance with your prediction, is essential to staying on your feet in the trading arena.
• The market opened with gaps after Trump appointed expert Scott Bessent as US Treasury Secretary.
⬅️ Which led to relief for the markets and a decline in fears about a strong trade war between China and the United States.
• Therefore, we saw a noticeable decline in gold in addition to profit-taking operations.
• Today there is no strong data, but tomorrow, Tuesday, the market awaits the US Federal Reserve minutes to capture any new signals about monetary policy on December 18.
• As for the dawn of next Wednesday, it will be hot for the New Zealand and Australian, awaiting the New Zealand interest and Australian inflation indicators.
💵 The dollar is falling today against major currencies, after rising for 8 consecutive weeks, while Trump nominates Scott Bessent for the position of US Treasury Secretary, and financial markets welcome it.