gold

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My Thoughts on Current Markets-196

25 Sep 2024 4 minute read 0 comments Perfectionist25 $0.14

Looking at the daily Bitcoin chart, the reaction to 65000, which corresponds to the Fibonacci 78.6 of the fall from 70000 to 49000, the fall to the Fibonacci 78.6 of the fall from 49000 - 65000, the movement from 52800 continues above the 233-day mov...

Hedging Positions See Higher-Than-Normal Demand Following Interest Rate Decision

23 Sep 2024 2 minute read 0 comments Perfectionist25 $0.12

Stock markets are recovering after last week's interest rate decision. Many stock funds that reduced their risk in August's movements have started to buy back, but since the market is close to historical levels, they are also buying hedging options i...

My Thoughts on Current Markets-195

22 Sep 2024 10 minute read 1 comment Perfectionist25 $0.09

Last week, there were interest rate decisions by central banks all over the world. First of all, the FED, and of course I had been expecting an interest rate cut for a long time, but I expected it to start with 25 basis points. The FED made a politic...

My Thoughts on Current Markets-193

18 Sep 2024 3 minute read 0 comments Perfectionist25 $0.10

The ounce of gold has passed above that horizontal channel at 2559. There is an effort to go upwards. The daily chart labels 2542 as intermediate support and 2465 as trend support zone, and as long as it stays above these two supports, the chart show...

My Thoughts on Current Markets-192

17 Sep 2024 7 minute read 0 comments Perfectionist25 $0.14

The important event ahead is the US Federal Reserve meeting this week and we can definitely say that there will be an interest rate cut there. What is not certain is whether it will be 50 or 25. Let me first talk about why this is important for those...

My Thoughts on Current Markets-191

16 Sep 2024 7 minute read 0 comments Perfectionist25 $0.12

This week, the important global interest rate decision of the central banks of America, England and Japan is. Of course, the FED will be the determinant here. The FED's interest rate decision is on Wednesday. While 25 basis points was priced in at ov...

My Thoughts on Current Markets-190

13 Sep 2024 3 minute read 0 comments Perfectionist25 $0.13

While no significant effect was seen on pricing after the ECB's interest rate cuts, the negative US unemployment data highlighted the positive dominance. The dominance over the 1.1031 demand zone in EURUSD supports the continuation of the upward move...

My Thoughts on Current Markets-189

11 Sep 2024 5 minute read 0 comments Perfectionist25 $0.19

After testing around 17100 in DAX, it is currently at 19000 levels and we are testing the peak. In other words, if closings above 19000 begin, I can say that the movement here will be expected to continue, and in possible corrections, the first suppo...

Gold over Bitcoin: Tether chooses stability for its new aUSDT

10 Sep 2024 1 minute read 0 comments Albertocrypto $0.25

In a recent interview with Bloomberg, Paolo Ardoino, CEO of Tether, revealed details about the new backing strategy for the aUSDT product, opting for gold instead of Bitcoin due to the stability of the precious metal. Gold as a Stable Backup Ardoino...

My Thoughts on Current Markets-188

9 Sep 2024 4 minute read 0 comments Perfectionist25 $0.14

The New York Stock Exchange closed with a decline. While nonfarm employment data in the US indicated that the labor market was continuing to soften, the last trading day of the week saw a negative trend in stock markets. The S&P 500 index, which lost...