G_James9

G_James9 Updated 

The short-term volatility in the gold market on Tuesday (October 1) attracted a lot of attention following the latest speech by Federal Reserve Chairman Jerome Powell. The dollar rallied on Powell's hawkish comments, which dampened market expectations for aggressive rate cuts, while gold sought to balance safe-haven demand with dollar strength. Professional...

G_James9 Updated 

The euro traded slightly lower against the dollar on Tuesday at $1.1124, not far from a one-week low hit on Monday. The euro's recent decline was largely influenced by German inflation data. German inflation has fallen to its lowest level since early 2021, data showed, reinforcing market expectations that the European Central Bank will cut interest rates again...

G_James9 Updated 

Dovish comments from new Japanese Prime Minister Shigeru Ishiba, a former defense minister, put downward pressure on the yen and supported USDJPY. Ishiba said on Sunday that the country's monetary policy should remain accommodative, indicating the need to maintain low borrowing costs to support a fragile economic recovery. The dollar rose after Powell's latest...

G_James9 Updated 

Bitcoin has started a downward correction, after which it began to gain bullish momentum. I expect to hover around the 63K support level and then start to have two possible upside positions: Immediate rebound Target :70k If the upside breaks above 67K, it could trigger a strong rally towards the 70K area, continuing the bullish momentum after the breakout. A...

G_James9 Updated 

Message surface analysis: Gold prices rebounded to near $2,643 in the short term today as safe-haven buying intensified in the Middle East. Fed Jerome Powell has adopted a more hawkish tone on the economy and said if the economy performs as expected. He sees two more rate cuts of 25 basis points this year. The market quickly reacted by lowering expectations for...