In recent days, the world's most significant currency pair, Eur/Usd, experienced a decline of 0.21%, reflecting the increasing uncertainty surrounding the timeline for future interest rate cuts in the United States. Over the past week, the Eurozone witnessed a series of negative economic data points that contributed to the weakening of the aforementioned currency...
Gold, a cherished precious metal among investors, recently found itself at the center of global events, leading to a 1% increase last Friday. Several factors, such as the US and UK's attack on Houthi pirates in the Suez Canal and the results of today's elections in Taiwan, where William Lai Ching-te emerged victorious, unfriendly to China, have contributed to...
Recent developments in the Bitcoin market have brought about significant changes following the approval of the ETF, propelling the cryptocurrency's price to $49,000. However, the momentary optimism was swiftly replaced by profit-taking, especially after SEC's ETF approval circulated across the web. Entry Point for Buyers: It's noteworthy that the $41,490 level...
Weak Bank Earnings: Earnings reports from banks for the fourth quarter have been disappointing, resulting in a moderate decline in the S&P500. Bank Results: JP Morgan: Bucking the trend with a projected 1.7% rise after announcing a record profit for the full year, despite a 15% drop in net income in the last quarter. Bank of America: Set to open with a 1.4%...
In the past week, gold prices experienced a notable surge, not so much due to the generosity of the holiday season, but rather fueled by investor exuberance anticipating the Federal Reserve's move to cut interest rates in the coming year, possibly as early as March. The week began with gold prices holding relatively steady around $2025 per ounce, with...
💶 EUR/USD Chance of upward correction 💶 EUR/USD For the past few weeks it has scored a big correction falling as low as 1.04890 💶 All of this was due to the rise in the US Dollar caused by the rise in the price of oil and the prospect of interest rates remaining high for an extended period of time 💶 Currently, the price has reached a double-bottom formation,...
🧈 Gold what's next? 🧈 Gold in recent days has scored a very dynamic downward wave 🧈 All due to persistently high interest rates on the dollar, the lack of signs of recession and the lack of prospects for rising inflation. 🧈 All these factors caused a sharp wave of weakness on gold, piercing all the nearest support zones 🧈 The reasons for the lack of...
💷 GBP/USD Caution prepare for increases 💷 GBP/USD Like most currency pairs with the dollar has scored a strong wave of declines in recent weeks. 💷 For the British pound, an end to the declines in my opinion is imminent. 💷 All thanks to positive economic readings on September 29 for the second quarter. 💷 Most of the fundamental readings are currently behind the...
🦘 AUD/USD Prepare for strong increases 🦘 AUD/USD Is currently my favorite for future increases. 🦘 The Australian economy is doing very well, with falling inflation on the horizon, interest rates holding steady, export growth due to strong gold demand and low unemployment 🦘 All these factors cause the Aussie dollar to gain in the eyes of investors, which can be...
Trading Psychology: The Key to Success in Financial Markets Trading in financial markets is often depicted as a battleground of numbers and charts, but beneath the surface lies a realm where the human psyche plays a pivotal role. Welcome to the world of trading psychology, where emotions, discipline, and self-awareness become the guiding stars for investors...
💶 EUR/USD What's next? 💶 The EUR has scored another down week in a row comparing it to the US dollar 💶 All due to dire economic readings, the risk of falling into recession, as well as rising unemployment and falling exports. 💶 The Eurozone is in a bad situation, which has led to a flight of capital from the Zone to the US dollar. 💶 Today we found ourselves in...
🧈 Gold Potential For Growth 🧈 Gold started this week with declines under the support zone determined by the 0.5 fibonacci level of the upward wave from the bottom. 🧈 The price of gold fell after last week's Fed meeting in which Powell maintained his hawkish stance on monetary policy. 🧈 This is a temporary reaction as it did not change long-term market sentiment...
💷 GBP/USD Big Opportunity for Growth 💷 GBP/USD hasn't had a good run in recent weeks 💷 This could all change in the coming weeks on the back of an improving economic situation in the UK. 💷 There is still one more interest rate hike to come in the British Isles. 💷 Which will certainly be a significant factor for the price to strengthen. 💷 So will falling...
💶 EUR/USD Plan 💶 💶 EUR/USD rose exactly as I wrote in the last post. 💶 All due to the valuation of the future better economic situation in the Eurozone and the stopping of interest rate hikes in the US. 💶 EUR/USD found its low near 1.063 after which investors started buying the euro. 💶 The solid economic situation in the Eurozone and the avoidance of a...
🧈 Gold continues to climb higher 🧈 🧈 The price of gold is behaving exactly as I predicted, climbing higher by the day. 🧈 All due to the valuation of upcoming interest rate cuts on the US dollar and the persistence of inflation, which may be lifted by oil increases. 🧈 So far it maintains its upward scenario, and I expect the upward movement to continue in the...
🧈 Gold Continues to Rise 🧈 The price of gold has rocketed upward, exactly as I expected and informed you in the last post. 🧈 So far, the resistance zone set by the cluster of 2 fibonacci levels at the level of $1930 has stopped the price rise. 🧈 I still believe that there is a chance for growth ahead of us in the perpetuation of the weakening of the U.S. dollar...
💵 USD/JPY Attention Retreat 💵 USD/JPY attacked the 147.9 price level for the third time on Friday 💵 You can see that the market is struggling to break through this level 💵 Adding to the fact that Investors from around the world have begun to prepare for the upcoming interest rate cuts in the US and rising inflation. Which will contribute to the decline in the...
💶 EUR/USD End of Declines? 💶 EUR/USD on September 7 stalled near 1.068, not allowing it to overcome this level on Friday. 💶 Everything changed after a change in investor sentiment about the US Dollar. 💶 Most have already started to prepare for the upcoming interest rate cuts, looking at the fact that the economy is doing well and inflation has already fallen...