Euro - Dollar parity is at 1.0790 level. The Central Bank of America is waiting for the FED's interest rate decision and FED President Powell's statements. It is cheap for those waiting for the 1.12 - 1.15 level. My expectation for the euro-dollar parity continues. Upward movements will continue.
An ounce of gold is at the 1982 dollar level. Today it has fallen to 1973 dollars. The Fed continues to wait near the support level. The declines are not permanent. I will follow the 2020 dollar resistance. It will jump above the $2000 level again in the shortest time.
The ounce price of silver is at $22.61. For example, I call gold cheap, and silver free. It remains quite cheap.
There is a 1.12% increase in oil prices above the $74 level. Here it continues to hover around the $70-80 range. The outlook for oil prices is positive. I continue to expect upward movements.
In the cryptocurrency market, Bitcoin is currently at a 2% premium at $42000. As you know, after rising to the level of 44000 - 45000 dollars, they quickly took back the profits they made and fell to the level of 40544 dollars during the day today. It continues to fluctuate in the broadband range here as it continues to struggle to stabilize in a $40000 - $45000 range. Manipulation pricing still continues in altcoins.
On the dollar index side, it is currently at $103.41. He continues to wait for the FED. Recent rises have resistance at 104 and 104.50 above. However, we will continue to see a dollar index falling below the 100 level in 2024, with the last rises of the year falling to the level of $ 92. Why is the interest rate decision of the Federal Reserve, the Federal Reserve, important and critical? Because we will search for the password of 2024. Will interest rate cuts start in the second or third quarter of 2024? Markets will start pricing this side. Therefore, the search for direction in both the dollar index and commodity prices will be important. The European Central Bank has an interest rate decision tomorrow. We will see a fluctuating market in the broadband range until noon tomorrow. Volatility will be quite high. Do not open short-term positions this week. You will see a market fluctuating in the broadband range. I often state that healthy prices will be upward, especially on the gold, silver and Euro sterling side, and that opportunities will be sought for an outflow by the dollar. You should not be left with short-term fluctuations. We need to get rid of the dollar gradually. I'm talking about the dollar index. Investors who want to switch from dollar parity to commodities or instruments such as euro, sterling, gold and silver should also take advantage of these opportunities today.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
