Ashbur

Ashbur

From a market analysis perspective, the daily chart of the large cycle has closed with consecutive declines, the price is below the moving averages, and the indicator is in a death cross, indicating a bearish trend. However, it is necessary to be wary of the stimulation from the news and data caused by the current unstable national situation. In operation, risk...

Ashbur

Gold maintained a mild intraday downward trend, with the price currently hovering around $3,381 per ounce. As tensions in the Middle East persist, gold is awaiting the Federal Reserve's resolution to gain a clear direction. With risk sentiment stabilizing, gold prices fell in early Wednesday trading, moving away from the $3,400 per ounce threshold. Amid lingering...

Ashbur

Affected by sudden news factors, the Bitcoin market has seen sharp fluctuations. The price started a significant downward trend from the $108,900 level and has dropped to around $104,000 as of now. This decline has caused Bitcoin to break through multiple key support levels. On the daily timeframe, the originally important support range of $106,000 - $107,000 was...

Ashbur

On Monday, the two benchmark oil prices fell by more than 1% due to media reports that Iran might seek to ease the situation. However, the market's short-term optimism proved unsustainable. Currently, oil price movements are driven primarily by geopolitics rather than fundamentals. Market sensitivity to the Middle East situation has surged to an extremely high...

Ashbur

The momentum of gold is weak. In the early trading, there was only a wave of upward momentum, while in the evening, it quickly fell below the 3,400 key level. As previously mentioned, if gold holds above the key level of 3,400, the bullish trend will continue. However, after breaking below 3,400, a small - level top has been formed in the short term, and the...

Ashbur

The Bitcoin market has once again become the focus of investors. The price of Bitcoin has shown a significant upward trend, successfully breaking through the key resistance level of $106,000 per coin with an intraday increase of over 2%, demonstrating the strong vitality of the market. This price movement not only reflects the warming of positive sentiment in the...

Ashbur

The international oil market is currently experiencing a classic upward cycle of "geopolitical risk premium". In the short term, oil prices will be highly sensitive to any news regarding the security of the Strait of Hormuz. Crude oil has continued its volatile upward trend in the short term, surging to test the price near $74. The moving average system is...

Ashbur

The gold price continued its steady retracement during the European session, pulling back from a two-month high to around $3,400. The positive performance of equity markets is regarded as a key factor undermining the safe-haven demand for precious metals, as gold's three-day winning streak appears to have come to an end. However, analysts believe the downside...

Ashbur

Bitcoin is trading in a narrow range, with an intraday volatility of only 1.7% and trading volume shrinking by 18%, indicating market wait-and-see sentiment after key geopolitical events. After the Israel-Iran conflict triggered $1 billion in liquidations, market panic has eased. Israel's preemptive strike on Iran on the 13th caused Bitcoin to flash crash to...

Ashbur

Middle East Tensions Escalate Sharply: Israel Launches Preemptive Strike on Iran, Targeting Nuclear-related Facilities Iran's state media confirmed that senior Revolutionary Guard leaders were killed in the attack, with nuclear scientists and facilities also suffering heavy damage. In the short term, geopolitical risks will continue to dominate market sentiment....

Ashbur

The probability of a higher opening for gold next week is relatively high, but I hold a high degree of skepticism towards its sustainability. After three days of fermentation, relevant parties have exhausted all available measures. If there is a higher opening on Monday, chasing the trend is not recommended. The pressure reference for the market in the early week...

Ashbur

Spot gold continued its upward trend, with the intraday high reaching $3,398.55 per ounce, hitting a new weekly high. This rally was not only boosted by the lower-than-expected U.S. inflation data but also closely related to the sharp escalation of geopolitical tensions in the Middle East. Investors' expectations for a Federal Reserve rate cut in September have...

Ashbur

International oil prices surged then pulled back. Brent crude oil futures fell 47 cents to $69.40 per barrel, while U.S. West Texas Intermediate (WTI) dropped 33 cents to $67.84. In the previous session, both Brent and WTI recorded over 4% gains, hitting their highest levels since early April. On Wednesday, U.S. President Trump stated that the U.S. is withdrawing...

Ashbur

During the North American session, the USD/CAD exchange rate continued its downward trend and is currently trading above 1.3600, approaching the support zone at 1.3600. If the exchange rate effectively holds the 1.3600 support zone, accompanied by RSI bottom divergence and MACD death cross repair signals, there may be a short-term technical rebound. The initial...

Ashbur

The USD/JPY has continued to decline, hitting a low of around 143.50 during the European session, marking a new weekly low. In terms of exchange rate dynamics, the key support level lies at 142.500, which has withstood multiple tests recently without being breached. A valid break below this level would open up further downward space, with the next support to be...

Ashbur

The EUR/USD exchange rate has continued to strengthen, breaking through the psychological barrier of 1.1600 during the intraday session, marking the first time it has reached this level since November 2021. The pair surged to an intraday high of 1.1630, driven by the confluence of a persistently weakening US dollar and enhanced economic resilience in the...

Ashbur

Bitcoin underwent high-level consolidation on June 11, with intraday volatility ranging from $108,800 to $110,200. It failed to effectively break through the previous high of $111,980. The 24-hour global liquidations amounted to $210 million (half of the previous day), with short positions accounting for 62%, indicating that bears still dominate short-term...

Ashbur

Following the release of CPI data, gold showed strong performance. Unlike previous instances where data impacts were fleeting, gold decisively rallied, indicating that the data will continue to influence gold's short-term trend – meaning gold is likely to continue its upward movement in the short term. Technically, gold has broken out to the upside, and the...