JoelFinancial

JoelFinancial

Yesterday, Bitcoin once again reached the critical 100,000 USD zone, only to retrace shortly afterward. On the daily timeframe, the price remains range-bound, with technical indicators still showing bearish signals. Despite this, optimism around Bitcoin persists, particularly with Trump’s anticipated return to the White House, a development that could impact the...

JoelFinancial

U.S. inflation data released yesterday revealed that the core CPI was slightly below expectations, increasing the likelihood of a rate cut at the Fed’s March meeting. This progress in curbing inflation sparked a rally in stock markets, especially in the U.S., where the S&P 500 closed nearly 2% higher. At the same time, the dollar weakened against most currencies....

JoelFinancial

January 15th was a positive session for gold, with prices rising 0.73% following the release of U.S. inflation data. Investors expect more aggressive rate cuts from the Federal Reserve, which could weaken the dollar. On the intraday XAUUSD chart, a steady upward trend is evident throughout the day, with a notable pullback during the Wall Street opening. However,...

JoelFinancial

Institutional interest in Bitcoin continues to rise, with Intesa Sanpaolo, Italy's largest banking group, recently purchasing 1 million euros worth of Bitcoin. This trend is bullish for BTC, as increasing institutional demand is expected to drive prices higher. Additionally, purchases in spot Bitcoin ETFs have risen in recent months, further supporting bullish...

JoelFinancial

Gold prices have risen for the second consecutive session, reaching the resistance level of $2,684 per ounce, which remains stable at the time of writing. This rise comes amid cautious anticipation in the gold bullion market ahead of the U.S. inflation data release. Investors are closely watching how these figures will affect future policies of the U.S. Federal...

JoelFinancial

The Federal Reserve expressed concerns about Trump’s policies and their potential inflationary impact, bolstering the Dollar against other currencies. This could limit further monetary easing. In response, the EUR/USD pair continued its downward trajectory, stabilizing at 1.0273, near its lowest level in over two years

JoelFinancial

The GBP/JPY pair initially pulled back to the significant support level of ¥190 this week but later rebounded, signaling a potential resurgence in the market. If the carry trade gains momentum, the Japanese Yen is likely to weaken against most currencies. This positions GBP/JPY as one of the most appealing trading opportunities in the near term.

JoelFinancial

Midweek trading saw Gold futures resume their upward trend, hitting a resistance level of $2670 USD per ounce before stabilizing at $2664 USD. Gold has risen 1.5% since the start of the year. Similarly, Silver exhibited strong performance, nearing $31 USD per ounce with a 5% increase in early 2025 trading. The FOMC minutes provided clarity to the market, fueling...

JoelFinancial

Bitcoin's price fell to $92,590, marking a 15% pullback from its recent peak. This decline coincided with profit-taking by investors as U.S. bond yields surged to near two-year highs (4.95% for the 30-year bond). Persistent concerns over the Federal Reserve's slower-than-expected rate cuts, driven by inflation remaining above 2%, have added pressure to the markets.

JoelFinancial

The EUR/USD pair continues to decline, hitting two-year lows due to the Dollar’s strength. With U.S. employment data scheduled for Friday, investors anticipate heightened volatility. Indicators increasingly suggest that the Euro is on course to test the parity level of 1.0 and potentially lower.

JoelFinancial

The USD/CHF pair has shown recent volatility, but the 0.90 level appears to act as key support. While it’s uncertain if this level will hold, the market seems restrained, potentially signaling consolidation or underlying bearish pressure.

JoelFinancial

Bitcoin found support near $91,000 after forming a double bottom and is now consolidating above $100,000, showing bullish momentum. The critical support at $101,655 could dictate future moves; a bullish breakout may test all-time highs, while a bearish break could target $98,738

JoelFinancial

Gold prices fluctuated this week after Trump tariff rumors, hitting $2650 before retreating to $2614. Now stable around $2646, the market eyes U.S. job data and FED minutes for direction.

JoelFinancial

The S&P 500 has been quite volatile throughout the week, but it would be remiss not to point out that it ended with a slightly negative candle that has rebounded. In other words, while we are not entirely neutral, it certainly looks like the market is trying to recover. This trend can be observed across all equity markets, suggesting it's only a matter of time...

JoelFinancial

The British Pound fell against the Japanese Yen for most of the week, but it's worth noting that Thursday's candle ended as a massive hammer. Friday's session was relatively sideways and neutral, suggesting we might continue to see significant noise going forward. That said, I believe we are stabilizing, and if we see a move above the ¥198.50 level, we might...

JoelFinancial

The Federal Reserve will publicly announce the FOMC decisions, potentially opening the door to increased volatility in the currency pair. The EUR/USD pair started July on a downward trend but managed to rise to a peak of nearly 1.09485 on July 17. Since reaching this level, last seen in the third week of March, the EUR/USD has begun to decline.

JoelFinancial

The Euro initially fell during the trading week, testing the 0.84 level. At that point, the market reversed, showing signs of life and ended up being very bullish. By doing so, the market formed a hammer pattern for the week at an exceptionally low level, suggesting that the Euro could become a real value. If we manage to surpass the 0.85 level, it would be a...

JoelFinancial

During last week's trading, bears made every effort to push the EUR/USD exchange rate below the support level of 1.0800 to further confirm the strength of the bearish trend. However, losses halted at the support level of 1.0825, and the week ended with the pair stabilizing around 1.0855. This week, U.S. employment figures, Federal Reserve policy decisions, and...