Federal Reserve Chair **Jerome Powell's recent speech** has stirred discussions not only in traditional financial markets but also within the crypto ecosystem. Let's explore the potential impact on cryptocurrencies and **XAU/USD (gold)**: 1. **Cryptocurrencies (Crypto)**: - Powell's indication of a **potential pause in interest rate hikes** can be seen as a...
## Title: Analyzing U.S. GDP Growth and its Impact on Gold (XAUUSD) **Opinion: Understanding the Connection Between U.S. Economic Health and Gold Prices** The GDP growth rate QeQ (quarter-over-quarter) serves as a crucial barometer of a country's economic performance, gauging the inflation-adjusted value of all produced goods and services during a given quarter...
## XAU/USD Economic Events Outlook The upcoming week for XAU/USD (gold vs US dollar) presents several key economic events that could significantly influence the demand and supply dynamics of both currencies. Below are the major events to watch out for: ### Monday, August 28 **Personal Income and Outlays** Report (July) - Measures changes in consumer income and...
**Powell's Speech Impact: Unpacking the Ripple Effect on Gold and Cryptocurrency Markets** **Introduction:** Federal Reserve Chair Jerome Powell's recent speech at the Jackson Hole Economic Symposium has sparked significant interest among investors in various asset classes. This article focuses on the implications of Powell's remarks on the gold and...
Introduction: The crypto market encountered a significant downturn on August 17, 2023, leading to substantial drops in cryptocurrency prices. This article delves into the potential reasons behind this market event and offers insights from various angles. Possible Factors Behind the Crypto Dump: 1. SpaceX's Bitcoin Sale: According to the Wall Street Journal,...
Today it may touch the price 15.then it will reverce & if it break 15 and close their body to above its high then trend become positive😎