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Gold Technical Analysis Amid Iran-Israel Uncertainty
Gold Technical Analysis Amid Iran-Israel Uncertainty Israel is possibly preparing to retaliate against Iran, aiming for a strong response to deter future attacks. Gold prices stay strong, showing resilience even in the face of robust US economic data. Gold hovers around the $2,370, with trading range relatively narrow as investors closely monitor updates on the…
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18 April 2024
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ETHBTC Trading: BTC Halving vs ETH ETF
ETHBTC Trading: BTC Halving vs ETH ETF The Securities and Exchange Commission (SEC) is reviewing Ethereum ETF applications, including VanEck’s for the Spot Ethereum ETF by May 23. Amidst the buzz surrounding Bitcoin’s halving, Ethereum finds itself at a crucial crossroads, as the Securities and Exchange Commission (SEC) initiates a 21-day comment period for Ethereum…
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05 April 2024
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Gold: Pressure Building Ahead of Fed Rate Decision
Gold: Pressure Building Ahead of Fed Rate Decision Gold volatility has decreased as the Federal Reserve’s announcement nears, reflecting a cautious stance among investors. The stable benchmark 10-year US Treasury bond yield above 4.3% is hindering gold’s momentum, underscoring its significance alongside the Federal Reserve’s decision. Gold volatility is slowing, and tension building as the…
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20 March 2024
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Undervalued Dollar & Democrats’ Influence on Powell’s Rate Cut Plans
Undervalued Dollar & Democrats’ Influence on Powell’s Rate Cut Plans Investors keenly await Jerome Powell’s semi-annual testimony, hoping for insight into specific timelines for interest rate cuts. With expectations of three rate cuts this year, the market may undervalue the US dollar despite Powell’s likely ambiguity, seeing the absence of news as positive. Federal Reserve…
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05 March 2024
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$3K Gold in 2024 According to Citi
$3K Gold in 2024 According to Citi Citi bank predicts a potential 50% surge in gold prices to $3,000 per ounce this year, primarily driven by continued gold accumulation by central banks, particularly those in emerging markets. There is a heightened risk of global conflict impacting the demand for safe-haven assets like gold, as evidenced…
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21 February 2024
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GBP/USD Alert: Next Week’s Inflation Forecast
GBP/USD Alert: Next Week’s Inflation Forecast Upcoming UK and US inflation data releases are crucial factors influencing the GBP/USD currency pair. The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch. On February…
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08 February 2024
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Decide: Buy or Sell – Netflix vs. Tesla Earnings
Decide: Buy or Sell – Netflix vs. Tesla Earnings Netflix’s stock might be expected to rise above $500 per share after positive sentiment, upward profit revisions, and an 11% annual revenue increase to $8.71 billion. Tesla faces uncertainty with a potential fourth consecutive earnings-reaction-day selloff, driven by margin pressure from a price-slashing strategy, and investor…
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23 January 2024
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Bitcoin Forecast: Buy the Rumor and Sell the News?
Bitcoin Forecast: Buy the Rumor and Sell the News? Investors keenly await the SEC’s decision on Bitcoin Spot ETFs, especially with involvement from major players like BlackRock and Fidelity. If denied, Bitcoin may dip below $41,500; if approved, targets could hit $48,250, considering the potential impact of sustained bullish sentiment pushing towards 50-55K. The adage…
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09 January 2024
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Trading This Week’s Fundamental Events
Trading This Week’s Fundamental Events Traders should closely watch for signals on potential Federal Reserve 2024 rate cuts. Goldman Sachs predicts the ECB’s first rate cut in April, followed by quarterly 25 basis points reductions. The market’s attention will be fixed on the Federal Reserve’s final policy meeting of 2023 scheduled for this Wednesday, with…
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11 December 2023
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No Such Thing as a Hawkish Pause? USD Overrated?
No Such Thing as a Hawkish Pause? USD Overrated? Market skepticism about the “hawkish pause” and doubts about the US Fed’s ability to make tough decisions, especially concerning rate hikes. Has the market adopted the term “hawkish pause” to bolster USD bids? It could be possible that, in an attempt to drag out USD strength…
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02 November 2023
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