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Bitcoin poised again hit to 74k on this time buyers can make B$price revisited the $64,800 level, dipping below $65,000, for the first time since March 6, on Binance. BTC’s price correction was a significant one as it liquidated several long and short positions in derivatives markets.  While $125 million in long positions were liquidated, $27.68 million in shorts were crushed by the asset’s recovery, according to CoinGlass data. While Bitcoin price corrected to the $66,000 level last week, meme coins likely gained from capital rotation
BITSTAMP:BTCUSDLong
by Mrsam36
Silver look like a snake it will hunt the target hunt is supportAs the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts. While relatively calm; however, there are some signs investors are finally paying attention to the market as the gold/silver ratio looks to end the week at its lowest point so far this year. The ratio is currently trading around 85.50 points., down sharply from the 89 points seen at the start of the week. It now takes 85.50 ounces of silver to equal the value of one ounce of gold. The ratio historically trades between 50 to 60 points. The drop in the ratio comes as silver prices end the week near a three-month high above $25 an ounces
OANDA:XAGUSDLong
by Mrsam36
Dollar back to fall now it's going to big down read the caption In contrast, the well-known hawk Klaas Knot mentioned June as the most likely meeting with another two cuts favoured in September and December but also opened the door to cuts before June if the data justifies the need for one. Closer to the center of the spectrum, Villeroy and Wunsch communicated a cautious approach ought to be adopted and the governing council needs to be vigilant on inflation but ‘victory is within sight’ - Villeroy.
TVC:DXYShort
by Mrsam36
1
Usdcad ready to fly buying level read the caption The USD/CAD pair builds on the previous day's strong move up and climbs to a one-and-half-week high, closer to mid-1.3500s during the early part of the European session on Friday. Crude Oil prices stand tall near the YTD peak in the wake of a sharp decline in US inventories, drone strikes on Russian refineries and a rise in energy demand forecasts. This, in turn, is seen underpinning the commodity-linked Loonie and acting as a headwind for the currency pair. The downside, however, seems cushioned amid a modest US Dollar (USD) uptick
Long
by Mrsam36
Audusd expected buy more read the caption The price then topped out at around $0.6652 a couple of days later, and then went on to print lower resistance at $0.6633 with the price consolidating between there and $0.6591 The price action looks very flat, and it is hard to see the next major directional move. I do not have a directional bias. I see the best approach here today as scalping reversals from any key level. However, we may see more volatility in this currency pair after the US data releases get underway when New York opens
Long
by Mrsam36
Gbpjpy fall back hit the bottom read the caption GBP/JPY saw a thin rally on Wednesday, testing into 189.53 before wrapping up the midweek trading session near the 189.20 handle. The pair is cautiously recovering after an early-week dip into the 188.01 handle. The Bank of Japan (BoJ) continues to wink at the possibility of ending the negative rate regime. BoJ Governor Kazuo Ueda nodded at “tweaking negative rates” early Wednesday, as the BoJ prepares to place the burden of the final decision on the shoulders of spring negotiation
Short
by Mrsam36
Nzdusd wants t more buy go ahead read the caption Nzdusd to cut rates just two times this year and decrease the chance of easing policy in June. Investors have priced in 75% odds of a 25 basis points (bps) rate cut in June, down from 94% at the beginning of the week. The Fed is anticipated to keep the benchmark rate steady in the 5.26%–5.50% range in the March policy meeting next week. The Fed wants to see more evidence that recent disinflation progress is sustainable before starting
Long
by Mrsam36
Gold again record making move to 2200 read the caption Spot gold gained 0.7% to $2,172.88 per ounce. U.S. gold futures rose 0.5% to $2,176.60. The dollar index was down 0.1%, making gold cheaper for overseas buyers. “The situation for gold bulls right now is a win-win, if Fed cuts rates, gold jumps substantially, if they don’t cut rates, there will be concerns on inflation that could push gold higher,” Bob Haberkorn, senior market strategist at RJO Futures, said, adding that gold’s upside today shows buying on dip
OANDA:XAUUSDLong
by Mrsam36
1
Gbpusd don't leave uptrend read the caption The GBP/USD retreated sharply and then bounced back after the important UK and US economic numbers. It dropped from last week’s high of 1.2892 to a low of 1.2744. It then rebounded to a high of 1.2786 ahead of key UK GDP numbers. The GBP/USD pair reacted to the mixed economic numbers from the UK. In a report, the Office of National Statistics (ONS) revealed that the country’s unemployment rate rose from 6.8% in December to 3.9% in January
Long
by Mrsam36
Gbpusd push up More than expected read the caption The Bank of England will be keeping a close eye on the employment release. The BoE meets on March 21 and Governor Bailey has eased up on his pushback against rate cut expectations. If Tuesday’s employment numbers are stronger than expected, it will likely raise the odds of a rate cut later this year. In the US, Friday’s employment release was a mix. Job growth remained strong as nonfarm payrolls rose 275,002 easily beating the market estimate of 200,000 and the downwardly revised 229,001
Long
by Mrsam36
Gbpusd dropping level read the caption the GBPUSD  experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
Short
by Mrsam36
5
Gold cross all time high new all time will touch 2300 (caption)Gold set a record peak of $2,194.98 for the fourth straight day on Friday after data signaled a cooling U.S. labor market. “With large speculators having increased net-long exposure at their fastest weekly pace in 3.4 years last Tuesday, gold is clearly in demand and not a market to short for any length of time whilst traders expect Fed cuts,” City Index COMEX gold speculators raised their net long positions by 63,017 contracts to 131,061 in the week ended March 5, data showed on Friday.  Prices will simply consolidate at lofty levels heading into consumer price inflation, or CPI, data for February, due on Tuesday, as that is likely the single biggest driver of gold prices this week,
OANDA:XAUUSDLong
by Mrsam36
1