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4 Political Tensions Fueling Gold Prices As gold aims to test record high again, let's look at some of the political issues possibly driving the price action. Iran Tensions Escalate: The Pentagon has dispatched a guided missile submarine and a carrier strike group, to the Middle East. This move follows Iran's vow of retaliation against Israel after a senior Hamas leader was killed in Tehran last month. With nearly two weeks passing without a retaliation, the atmosphere remains tense. US Political Landscape: A recent New York Times/Siena poll places Vice President Kamala Harris, who is on a swing state tour, ahead of former President Donald Trump by four points in key battleground states, including Michigan, Wisconsin, and Pennsylvania. However, with nearly three months left until the election, the race remains fluid. Trump is set to appear in an interview with Elon Musk on the X platform, looking for a shift in momentum. US Economic Concerns: Bank of America CEO Brian Moynihan warned that U.S. consumers might become “dispirited” if the Federal Reserve delays interest rate cuts. He emphasized that once consumer sentiment turns negative, recovery becomes challenging. However, Moynihan acknowledged that Bank of America no longer anticipates a recession. Ukraine’s Military Advance: Ukraine’s top military commander reported control over 1,000 square kilometers of Russia’s neighboring Kursk region, with Russia evacuating over 76,000 residents from western Kursk. Russia is now evacuating residents from a second border region as Ukraine's surprise week-long offensive within Russian territory intensifies.
BLACKBULL:XAUUSD
by BlackBull_Markets
ARKHAMSecond highest percentage of usage for Arkham is found in the Russian Federation. I'd predict Russia is using this website to the fullness of its abilities to discover information about rich people, or other groups that hold large amounts of cryptocurrency. Not necessarily a good thing when Russian Federation uses this site more than other places considering the state of extremism Russia is moving towards. Data according to info on crunchbase.com* The logo of arkham looks like a pentagon, similar to things Russian's like to attempt to attack, hack, and infiltrate.
COINBASE:ARKMUSD
by CryptocurrencyBlot
Yield CurveThe 2/10 treasury yield spread is quickly flattening and an inversion could happen soon. All of the previous yield curve inversions are associated with memorable market sell-offs and recessions. I believe the ripple effect of the ongoing financial and economic sanctions against Russia will end up being the catalyst for the next meltdown. The market conditions have been favorable to a disaster by many measurements for some time now. Again, there are many unknown cross-currents beginning to work their way into the global economy. On top of that, the FED is raising interest rates in less than two weeks.
TVC:US10Y
by The_Arena_Trader
11
Macro Monday 55 - European gateway to M.East & Russia Macro Monday 55 Turkey - Europe’s gateway to the Middle East and Russia Turkey holds a vital strategic position as the bridge between Europe and the Middle East. Turkey’s economy has been making leaps and bounds over the past decade and the war in Ukraine has resulted in significant increase in trade through the country, benefiting its logistic companies and economic status. As one of the main corridors from Europe to the Middle East and beyond, let’s see what this blossoming trade Centre can offer us. Russia’s Trade Enabler Turkey has become a crucial transit point for Russian goods, especially since the war. Its strategic location at the crossroads of Europe and Asia allows it to facilitate trade routes between all these regions. As a result, Russian produce has increasingly passed through Turkey, benefiting both countries economically, and indirectly benefitting Europe. In June 2023, Turkey’s exports to Russia increased by 23.9%, reaching $848.4 million—a substantial surge compared to the previous year’s figure of $684.9 million. Moreover, during the first half of the year (January to June), Turkey’s exports to Russia more than doubled, reaching $4.9 billion compared to last year’s $2.6 billion. Despite a decline in imports, Russia remains Turkey’s largest trading partner in terms of goods purchased. Russia’s favor to Turkey during the currency crisis, including postponing a natural gas debt and recognizing Turkey as a reliable gas route to Europe, has further strengthened their economic ties Robust GDP Growth Turkey’s GDP expanded by 4.5% in 2023, driven by strong private consumption, increased investment, and government spending. Additionally, in 2021, Turkey achieved an impressive 11% annual GDP growth, making it the fastest-growing economy globally for the 2021 year. For the 2024 year a GDP growth rate of between 2.9% and 4% is expected depending on the authority advising. Amazingly, according to Trading Economics, the GDP annual growth rate in the first quarter of 2024 was 5.7%, a significant acceleration from the previous quarter. On a seasonally adjusted quarterly basis, the GDP rose by 2.4% in Q1. Demographics With a population of 85.8 million, Turkey has a sizable labor force and a young demographic profile. As of 2023, the median age of the Turkish population is 34 years, up from 28.3 in 2007. This youthful demographic profile contributes to productivity and economic dynamism. Produce and Exports Turkey’s top exports include refined petroleum oils, cars, jewelry, automotive parts, and trucks. Turkey has a complex and varied array of produce that contribute significantly to its versatile economy. Turkeys produce and exports are so diverse that they don’t appear to be a global leader in any one item, however In 2023, Turkey exported $12.3 billion worth of Refined Petroleum, making it the 24th largest exporter of this product globally. Refined Petroleum accounted for 12.1% of Turkeys total exports. Poverty Reduction Rapid economic growth has led to substantial poverty reduction. The poverty rate decreased from above 20% in 2007 to 7.6% in 2021. Investment Climate Turkey’s business-friendly environment attracts foreign direct investment (FDI). It offers incentives, a skilled workforce, and access to diverse markets. We can see that it has even bolstered relations with Russia and Europe during their conflict, being a go between, between the two. Tourism Tourism plays a crucial role, with Turkey being a popular destination for travelers and medical tourism. Turkey’s efforts to enhance its healthcare sector have positioned it as a prominent player in European medical tourism and now other continents are starting to travel here for affordable medical procedures. Resilience and Adaptation Despite challenges, Turkey continues to adapt to global economic shifts, such as the EU’s Carbon Border Adjustment Mechanism, emphasizing sustainability and resilience. The Chart NASDAQ TURKEY Index - NASDAQ:NQTR The NASDAQ Turkey Index is a float adjusted market capitalization-weighted index designed to track the performance of securities assigned to Turkey Subject chart - The chart speaks for itself. - We have broken out of long term downtrend and have a great trading opportunity with a 6:1 reward to risk when looking for a bounce from support. And that’s it for this week folks, we have the wind at our backs for the above trade and its worth reviewing logistic companies in Turkey. We will be looking out for them here. The liked of Reysas Lojistic - BIST:RYSAS has been on an absolute tear. All these charts are available on my TradingView Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how Turkey market is performing. I hope its helpful. PUKA
NASDAQ:NQTR
by PukaCharts
India's inflation data in focus as Modi meets Putin As Indian Prime Minister Narendra Modi engages with Russian President Vladimir Putin in Moscow, the focus back home will shift to the latest inflation figures. India has faced significant pressure from Western nations to distance itself from Russia following the invasion of Ukraine. However, New Delhi has maintained its ties with Moscow. A key factor in this enduring relationship is energy cooperation, which has played a pivotal role in stabilizing fuel prices and, consequently, inflation in India. In May 2024, India's annual consumer inflation rate eased to 4.75%, down slightly from 4.83% in April. Projections for the upcoming data suggest a minor decrease to 4.70%. However, Reuters reports indicate a different trend. According to a poll of 54 economists, inflation in India likely edged up in June, breaking a five-month streak of declines. This increase is attributed to a surge in vegetable prices, driven by extreme weather conditions damaging crops. The poll forecasts inflation rising to 4.80% year-on-year in June, up from 4.75% in May. Food prices, which constitute around half of the overall Consumer Price Index (CPI) basket, are a significant factor in this anticipated rise. For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. The USD/INR potentially maintains its bullish bias, staying above the key 100-day Exponential Moving Average (EMA) on the daily chart. Upside targets include 83.65, the upper boundary of its trading range. On the downside, the 100-day EMA at 83.40 serves as an initial support level for the pair.
by BlackBull_Markets
$3K gold in 2024 according to Citi $3K gold in 2024 according to Citi Citi bank suggests that gold prices might experience a surge of up to 50%, reaching $3,000 per ounce this year. This projection is based on two potential scenarios. The first involves a continuation of central banks, particularly those in emerging markets like China, Russia, India, Turkey, and Brazil, increasing their gold accumulation. According to the World Gold Council, global central banks have maintained a trend of purchasing over 1,000 tons of net gold for two consecutive years. Citi thinks that a doubling of this tonnage is possible. The second scenario considers the possibility of global conflicts intensifying, leading buyers to seek refuge in safe-haven assets like gold. Interestingly, today, the US has started warning its allies about Russia's potential deployment of a nuclear anti-satellite space weapon this year. CNN sources reveal Russia's efforts to develop a weapon capable of destroying commercial and government satellites by generating a massive energy wave upon detonation.
BLACKBULL:XAUUSD
by BlackBull_Markets
$RUGRES 'August/2023 Accumulation'ECONOMICS:RUGRES The latest data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) report shows that Russia’s central bank increased its gold reserves in August, restoring reserves back to previous levels from earlier this year.⁠ ⁠ “IMF IFS data shows gold reserves at the Central Bank of Russia rose by 3 tonnes in August,” according to Krishan Gopaul, Senior Analyst at the World Gold Council. ⁠ ⁠ Analysts reacted positively to the data, but some raised questions regarding Russia's gold production and where the precious metal is going.⁠
ECONOMICS:RUGRES
by Mr_J__fx
short term sell Crude oilCrude oil Gapped upon market opening due to Russia making a statement on Sunday stating they will potentially do a 50,000 Barrell cut a day for the month of December; amid Moscow suspended about 2/3 of its main export grade of crude from parts due to a storm and scheduled maintenance on Fridays. Oil gapped to 72.47 touching our first TP on the pivot point. Looking for a sell to P as I look for confirmation of which direction the market will be going this week on the 30 minute time frame price is below R! indicating a price correction another confirmation of a sell to 70.63 and breaking of the minor structure trend line. If price respects the P expect price to go to R1 and possibly R2. If prices breaks P then expect price to fall to $70.63 Looking for sell entry around 72.15 area
TVC:USOILShort
by BraxtonExchang3
Exploring the Unassailable Position of the U.S. DollarTechnical analysis From the point of view of technical analysis, we believe that the EUR/USD pair has completed the corrective wave Ⓑ after reaching the price range of 1.0945-1.097, which has also been a strong resistance zone over the last few days. After which, we expect that EUR/USD will continue to correct within the impulsive wave © until it reaches a strong support zone. Fundamental Analysis Thanks to positive macroeconomic data released by government agencies in the US and European Union and lower oil prices in recent weeks, the likelihood of the Fed cutting interest rates in early 2024 has increased sharply. Moreover, the US economy has shown remarkable resilience relative to Europe in recent months, reflected in the faster rate of decline in inflation, job growth, and foreign direct investment. In addition, according to Adobe, Americans spent a record $5.6 billion on online shopping, up 5.5% from November 23, 2022, which will also help increase the attractiveness of the USD relative to the EUR. Show your support by liking👍, following✅, sharing🙌, and commenting✍! Feel free to share your ideas and charts below. Your engagement is crucial in spreading the word and maintaining the relevance of the content. Thanks for being an essential part of this community! Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
Short
by ALLKA_RESEARCH
2
🌟 Russian Trading Wisdom with a Vodka Shot of Humor! 🇷🇺🍸☕️📈Priviet Traders! 🚀 Get ready for a hilarious journey with me, the FXPROFESSOR, as I dive into the world of trading with a Russian twist! In my latest video, I embody a quirky Russian analyst who lives by the motto: "Have patience, the Kremlin wasn't built in a day." 🏰⏳ But wait, there's more! I spice up my trading session with a unique blend of coffee and vodka, proving that the best trading strategies come with a little fun! 🍸☕️ 👀 While analyzing those mesmerizing 1-minute candles, I'll take you through an uproarious 'altcoin strategy' that you won't want to miss: "Buy everything so you don't miss any pumps!" 💰🚀 This strategy is all in good fun, reminding us not to take the crypto world too seriously. And what's a Russian-themed trading session without some foot-tapping Russian music? 🎶 It's all about feeling happy, having a good laugh, and perhaps learning a thing or two along the way. favorite Russian song: www.youtube.com Exclusively you also get the Ultimate ALTS strategy: 🚀 "Buy Everything! Never miss a Pump again" 💸🌐 So, sit back, enjoy the show, and remember, trading can be as enjoyable as it is profitable! 🤣💹 One Love, The FXPROFESSOR ♡ Remember, while laughter is a great asset in life, serious strategy and research are your best allies in navigating the crypto markets. 😉 this is just for fun, don't start drinking vodka!
Long
by FX_Professor
17
Buy This Bargain Before It's GoneIn early October 2023, we updated our previous forecast for the SPDR S&P 500 ETF Trust for the current year. Its price, after a short-term breakthrough of the triangle pattern (marked as (A)-(B)-(C)-(D)-(E)), returned above its lower border, and a new upward trend began despite the intensification of geopolitical tensions in the world, mainly due to the Hamas war against Israel. On the other hand, in mid-November, US inflation data was released, which demonstrated the effectiveness of the Fed's policy. So, the consumer price index (CPI) rose by 3.2% for the 12 months ending in October, one of the lowest values in recent years. The sharp decline in this indicator was primarily due to a significant decrease in prices for both energy and used cars and trucks. Ultimately, these data triggered a short squeeze on government bonds, which had a positive impact on the stock market. Currently, on the daily timeframe (1D) of the SPDR S&P 500 ETF Trust, a gap has formed in the price range from $441 to $446, which, according to our estimates, will be closed in the next 1-2 weeks. On a more global scale Thanks to positive macroeconomic data released by government agencies in the US and European Union and lower oil prices in recent weeks, the likelihood of the Fed cutting interest rates in early 2024 has increased sharply. We believe that the decline in 2-year Treasury yield will continue in the near future, which will also support the continued momentum of the SPDR S&P 500 ETF Trust. Moreover, financial market participants should pay closer attention to changes in the yield curve, which is becoming increasingly important and one of the most accurate fundamental tools for predicting changes in sentiment on Wall Street. As soon as the 2-year Treasury rate approaches the 10-year Treasury rate, this will provoke investors and traders to exit long positions in bonds and more aggressively buy ETFs, shares of technology and pharmaceutical companies. Conclusion We believe the pace of the US economic recovery will continue to accelerate and expect the SPDR S&P 500 ETF Trust to reach $463-$464 by the end of 2024. Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
AMEX:SPYLong
by ALLKA_RESEARCH
1