Trading Analysis for BTCUSD
09/12/2024

Following the U.S. presidential election, Bitcoin’s value experienced a substantial increase. The election of Donald Trump, who has shown support for cryptocurrencies, has been a key factor in this rise. The nomination of Paul Atkins, a pro-crypto advocate, to lead the Securities and Exchange Commission (SEC) has further bolstered market confidence.

Trading Analysis for XAUUSD
09/12/2024

Gold (XAU/USD) maintained a modest recovery last week, hovering near $2,650 as persistent global uncertainties and softer U.S. economic data provided support. Despite brief upward momentum, prices struggled to break decisively above the $2,650 barrier due to a firm U.S. dollar and stable Treasury yields.

Trading Analysis for EURUSD
09/12/2024

As of December 9, 2024, EUR/USD is trading near 1.0550, reflecting a mild negative bias. This movement is partly due to market speculation about potential rate cuts by the European Central Bank (ECB).

Trading Analysis for XAUUSD
02/12/2024

Gold (XAU/USD) ended last week around $2,650, reflecting a volatile trading environment driven by fluctuating safe-haven demand and evolving Federal Reserve rate expectations. The initial decline in prices was fueled by profit-taking and a resurgent U.S. dollar. However, a late-week recovery emphasized persistent geopolitical uncertainties and mixed economic signals.

Trading Analysis for EURUSD
02/12/2024

Over the past week, the EUR/USD pair has experienced a downward trajectory, influenced by a combination of economic indicators and market sentiment. The euro has faced selling pressure, particularly as it approached the 1.0500 level, a critical psychological threshold. This decline is attributed to the euro’s struggle to maintain gains amid a strengthening U.S. dollar.

Trading Analysis for BTCUSD
02/12/2024

Bitcoin has held above $95,000, displaying resilience despite minor profit-taking that has slowed its march toward the $100,000 milestone. November closed with the highest monthly ETF inflows since the U.S. BTC-spot ETF market’s launch, totaling $6.68 billion, underscoring strong institutional demand. BlackRock’s ETF accounted for $5.33 billion of this figure, significantly impacting the supply-demand balance and boosting market optimism.

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