gold

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My Thoughts on Current Markets-13

25 Aug 2023 1 minute read 0 comments Perfectionist25

Euro-dollar parity maintained its horizontal course at 1.0826 yesterday. It is stuck in the 1.08-1.09 band gap. An ounce of gold was at 1920 dollars yesterday. Last week, it fell to the level of $ 1890. I have often stated that there are suitable lev...

My Thoughts on Current Markets-12

24 Aug 2023 1 minute read 0 comments Perfectionist25

Euro-dollar parity is at the level of 1.0815, the support level of 1.08, which I expected, is working. At the level of 1904 dollars an ounce of gold, 1890 support level worked. Now there's the 1916 resistor above. But on Friday, FED Chairman Powell w...

My Thoughts on Current Markets-11

22 Aug 2023 2 minute read 0 comments Perfectionist25

Euro-dollar parity was at 1.0891 yesterday. It keeps crawling under 1.09. It continued to hover in the band range of 1.0869 to 1.0913 yesterday. Markets are stuck in a slightly narrow band gap. Because there is an important development this week. Pow...

My Thoughts on Current Markets-10

19 Aug 2023 3 minute read 0 comments Perfectionist25

The euro-dollar parity was at 1.0871 yesterday. I will follow the 1.0850 support level in the euro-dollar parity. This support level was tested yesterday. With the reaction bullish, there are 1.0950 and 1.1050 levels above. But there is no deteriorat...

My Thoughts on Current Markets-9

12 Aug 2023 2 minute read 1 comment Perfectionist25

Euro-dollar parity fell below 1.10 level yesterday. It ended the week below the 1.10 level. I continue to follow the 1.0850-1.1050 bands. As long as we are below the 1.10 level, it continues to offer opportunities. Until the end of the year, our expe...

Oil Priced In Gold Remarkably Stable Over Last 70 Years

11 Aug 2023 3 minute read 3 comments SweptOverNiagara

I read Alisdair MacLeod's latest post this morning on KingWorldNews and he makes yet another interesting case for gold, not against dollars or any other currency but against oil, particularly WTI or West Texas Intermediate. Macleod is well known for...

My Thoughts on Current Markets-8

9 Aug 2023 1 minute read 0 comments Perfectionist25

The dollar index rose a lot yesterday. 102.55 level was seen yesterday. When the dollar index rises, we observe increases in favor of the dollar in parities. The psychological support level in the euro-dollar parity was 1.0850. The level of 1.0937 wa...

My Thoughts on Current Markets-7

8 Aug 2023 2 minute read 0 comments Perfectionist25

Euro-dollar parity was at 1.10 level yesterday. It was withdrawn to the level of 1.0965 yesterday. There is a desire to recover from here, but as long as the strong stance in the dollar index continues, the 1.0850 support level in the euro-dollar par...

The dumbest Bitcoin adoption take of 2023

6 Aug 2023 2 minute read 0 comments Kovichni

Some interesting Bitcoin statistics emerged in 2023, did you know that Bitcoin availability on exchanges is so low at the moment that if 20 million new Bitcoin enthusiasts wanted to have 0.1 BTC there would already be a shortage? That means that less...

My Thoughts on Current Markets-6

3 Aug 2023 2 minute read 0 comments Perfectionist25

Due to Fitch's downgrade of the US's long-term credit rating, a negative image prevailed in the stock markets. In the US, indices fell between 1-2.2%. Markets in Europe were generally negative. The Euro Stoxx 50 index ended the day with 1.6% decline....