Trading Analysis for EURUSD
21/10/2024
The EUR/USD pair has recently faced increased volatility as the U.S. dollar strengthens, driven by both geopolitical factors and economic uncertainties. As the U.S. election approaches, the dollar has seen a safe-haven demand, while the Euro struggles with weaker economic data from the Eurozone.
Trading Analysis for BTCUSD
14/10/2024
Bitcoin continues to be driven by ETF inflows and external macroeconomic factors, especially as China’s economic slowdown affects risk appetite. Over the past week, Bitcoin struggled to break past $65,000, with selling pressure mounting due to concerns about China’s deflation and potential global impact. However, positive US data, including BTC-spot ETF inflows exceeding $253 million, has provided a buffer, keeping Bitcoin’s price buoyed above $62,000
Trading Analysis for XAUUSD
14/10/2024
Gold (XAU/USD) saw mixed performance over the past week, with prices struggling to gain momentum despite geopolitical tensions in the Middle East. Safe-haven demand due to these conflicts provided some support, but the precious metal remained under pressure from a strong U.S. dollar. Inflation data, particularly U.S. CPI and PPI figures, drove expectations of a Federal Reserve rate cut, which briefly lifted gold, though it remained range-bound due to the persistent strength of the U.S. dollar.
Trading Analysis for EURUSD
14/10/2024
EUR/USD faced downside pressure this past week, trading below 1.0950 as the U.S. dollar strengthened following robust U.S. economic data. The greenback gained support from solid employment figures, while inflation concerns remained prominent. In contrast, the Euro struggled due to weak Eurozone economic performance, particularly German industrial output, creating a bearish environment for the pair.
Trading Analysis for XAUUSD
08/10/2024
Gold (XAU/USD) has faced renewed selling pressure as stronger U.S. labor market data and a robust U.S. dollar have outweighed safe-haven demand. Despite ongoing geopolitical tensions, the gold price has struggled to maintain momentum, closing near $2,650. The stronger-than-expected U.S.
Trading Analysis for EURUSD
08/10/2024
The EUR/USD pair faces growing bearish pressure this week, currently trading near 1.096 as the U.S. dollar gains strength. U.S. Non-Farm Payrolls surprised the market with a strong 254,000 jobs added, further boosting the greenback.
Trading Analysis for BTCUSD
08/10/2024
Bitcoin remains in a range-bound trading pattern, moving between $62,000 and $67,000, with significant inflows into Bitcoin-related ETFs maintaining bullish sentiment. Institutional investors are taking note of these inflows, signaling that despite market volatility, underlying demand remains strong.
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Sony (SONY) has announced a 1:5 stock split, effective Wednesday, Oct 9th
Trading Analysis for BTCUSD
30/09/2024
Bitcoin has held above the $65,000 mark, supported by strong inflows into Bitcoin-spot ETFs. A recent rate cut by the Federal Reserve and positive labor market data have encouraged risk-on sentiment, pushing institutional interest higher. However, the release of Mt. Gox repayments, which could introduce around 44,905 BTC into the market, poses a potential risk for a supply-side shock.
Trading Analysis for XAUUSD
30/09/2024
Gold (XAU/USD) has been trading with heightened volatility, breaking past the $2,650 level but facing significant resistance around $2,675. This recent surge in demand is fueled by global economic concerns, particularly the U.S. debt crisis, now exceeding $35 trillion, which continues to elevate gold’s status as a safe-haven asset.
