In recent market developments, the focus has shifted to the Japanese yen, indicating potential strength against the U.S. dollar due to various influencing factors. The unexpected rise in Japan's Producer Price Index (PPI) to 0.0% compared to the anticipated -0.3% opens the possibility of a shift in Japan's interest rate policies, becoming a central point for...
In recent market developments, the focus has shifted towards potential consequences for the gold market, driven by speculation surrounding the anticipation of swift interest rate cuts in the United States. This shift comes in light of negative economic data, particularly the Empire State Manufacturing Index in the USA, which recorded a significant drop at -43.7...
In recent days, we have witnessed dynamic movements in the EUR/USD market, aligning with my earlier predictions and correlating with the market's uncertainty regarding rapid interest rate cuts. Over the past week, a series of unfavorable economic data points in the Eurozone contributed to the weakening of this currency pair. German macroeconomic data recorded a...
Let's dive into the intricate tapestry of global geopolitics and its potential impact on the gold market. Recent events are unfolding with compelling narratives, each harboring the potential to stir waves in the international landscape. Eruption in Erbil: From the heart of Iraq emerges distressing news of a substantial missile attack on the U.S. consulate in...
In today's post, I aim to delve into the turbulent waters of global geopolitics, where recent events are casting profound ripples across the oil market. The stage is set with a series of impactful occurrences, each possessing the potential to reshape the dynamics of the international landscape. Attack on the U.S. Consulate in Erbil: News is emerging from Iraq...
Over the past week, the EUR/JPY currency pair has been influenced by a series of significant economic indicators, primarily emanating from the challenging economic situation in the Eurozone. Simultaneously, the Japanese yen experienced mixed sentiments, driven by fluctuating economic data and speculations regarding potential interest rate hikes. Additionally,...
The past week has been a wild ride in the forex market, with investors closely monitoring events that have significantly influenced the British Pound (GBP) and the US Dollar (USD). The turning point came during Wednesday's speech by the Governor of the Bank of England, Andrew Bailey, whose hawkish statements propelled the Pound to nearly half a percent...
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...