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Bitcoin Back Over $48,000. Onward to $50,000?

11 Jan 2024 3 minute read 4 comments SweptOverNiagara

Bitcoin has risen $3,000 in the last 24 hours from just below $45,000 to $48,231 at time of writing. The big news is from the SEC in the U.S.A. which finally approved Bitcoin ETFs for the first time late yesterday afternoon. A compromising tweet from...

My Thoughts on Current Markets-63

8 Jan 2024 3 minute read 0 comments Perfectionist25

The dollar is strong in international markets. There is a dollar index above the 102 level this week. I will continue to follow the dollar index's $101.80 - $102.80 range. Another important development this week that closely concerns the dollar and d...

My Thoughts on Current Markets-62

8 Jan 2024 3 minute read 0 comments Perfectionist25

The trend, which started at the bottom in Dow Jones, continues upwards without falling below the RSI, as well as passing the red trace period. The first dot trial has arrived. This was at the end of last week. It is necessary to pay attention to this...

My Thoughts on Current Markets-61

7 Jan 2024 2 minute read 0 comments Perfectionist25

In international markets, the dollar index had tested above the 102 level. The dollar index declined again. In other words, last week we left behind a week in which the dollar increased in value in international markets. Euro - Dollar parity closed a...

Gold On Track For A Record Yearly Close

27 Dec 2023 2 minute read 1 comment SweptOverNiagara

Just a quick update on the things I like to follow... Gold is doing very well. So good in fact, it's headed for the highest yearly close on record! As shown below, gold is at $2,077. These are historical times for gold, indeed! While Kitco's site is...

My Thoughts on Current Markets-56

24 Dec 2023 3 minute read 0 comments Perfectionist25

The trend continues on the Dow Jones side. Seems a bit stuck at 38000's. If 38000 wears out it will accelerate again. There is no problem in the short term, especially as long as it does not fall below 37200. But if it falls below, it will want to ma...

My Thoughts on Current Markets-55

23 Dec 2023 8 minute read 1 comment Perfectionist25

Positive pricing has been continuing in the USA for a long time. The first positivity came in line with inflation expectations. The increase in inflation stopped, and when Powell said "There may be an interest rate cut in 2024", all the negativities...

My Thoughts on Current Markets-53

20 Dec 2023 2 minute read 0 comments Perfectionist25

The horizontal course of the euro - dollar parity is at the level of 1.0972. Of course, I had a warning that it might fall below the 1.09 level this week. This warning is still valid; there is a possibility of a one-point decrease. So let's pay atten...

My Thoughts on Current Markets-52

18 Dec 2023 1 minute read 0 comments Perfectionist25

Euro - dollar parity is at 1.92 level. There is a strong support level at 1.08 this week. The recovery in the dollar index may positively support the euro - dollar parity. However, my expectations in the medium and long term, that is, in 2024, are st...

My Thoughts on Current Markets-51

17 Dec 2023 3 minute read 0 comments Perfectionist25

Let's start on the German side. The breakout that started at 15000 took us to the levels of 16800 -17000. 16700 is a very important level for us from now on, and then 16600 - 16700 dax is important for us from now on. If there is a breakout and start...