Last week, the U.S. dollar remained weak and risk appetite returned strongly, keeping Bitcoin (BTC) firm. Technically, continue to pay attention to how Bitcoin breaks through the range consolidation. If it can break through the top of the range at 29,000, it may challenge the 30,000. Bitcoin (BTC) Holds Highs on Weaker Dollar and Strong Return of Risk...
The February non-farm payroll data in the United States remained robust, however, the unemployment rate and wage growth slowed, weakening market expectations of a Fed rate hike. The short-term direction of the gold price remains dependent on US economic data, with a focus on next week's CPI report. Technically, the gold price is expected to continue its rebound...
Despite the US dollar and risk appetite favoring Bitcoin (BTC) last week, BTC failed to continue the strong upward trend of the previous week and entered a high-level oscillation. Technically, this week's focus is on the direction of Bitcoin breaking through the oscillation range. Bitcoin (BTC) falls into high-level oscillation amidst mixed bullish and bearish...
Last week, international gold continued its rally as the Federal Reserve raised interest rates by 25 basis points in March as scheduled but also provided additional liquidity support to address the banking sector's liquidity crisis. Gold maintained its overall strength in a risk-averse environment. The liquidity turmoil in the European and American banking...
People's lives will ultimately end in death. The only thing we can do is to live a fulfilling life without regrets. In this world, there is only one kind of success, which is to live your life in a way that you enjoy. The futures market is often compared to a magnifying glass that amplifies human weaknesses, including ignorance, greed, fear, etc. After trading...
BTC (Bitcoin) has experienced a significant increase this week, rising 38% since March 11th. Its performance has been generally superior to all altcoins, including ETH. Some argue that this proves the validity of BTC's "inflation hedging" theory. However, just nine months ago, BTC's inflation hedging theory was severely challenged, as the price dropped when...
For gold investors, how to judge the price trend of gold is the most concerned and important issue. So, how can we judge the price trend of gold in gold investment? Here are the following methods. 1. Understand the meaning of the curve In the process of gold investment, you will see different types of trend chart curves, and different curves have their own...
Bitcoin (BTC) has become the biggest beneficiary of the European and American banking crisis since last week, and is currently setting a new high in nine months. Technically, Bitcoin broke through the key resistance of 25,000, or opened the door to challenge the 30,000 mark upwards. Bitcoin (BTC) is a blessing in disguise, soaring more than 25% in the past...
The sharp drop in Credit Suisse's stock price triggered a chain reaction, causing the global market to fall into panic again. There was a safe-haven scene where the US dollar and gold rose simultaneously, while European and American stock markets and crude oil prices suffered heavy losses. As the largest shareholder of Credit Suisse Bank, the chairman of the...
Recently, due to the collapse of Silicon Valley Bank and the 50 basis points interest rate hike by the US Federal Reserve in March, Bitcoin fell below $20,000, and the entire cryptocurrency market experienced a downturn. However, today BTC rebounded above $20,000, currently trading at $22,060, with a 24-hour increase of 7.88%. ETH has broken through $1,600 in the...
News: The short-term impact of Saudi Arabia and Iran announcing the resumption of diplomatic relations on the international energy market is limited. However, in the long term, due to the impact of the development of new energy sources and reduced international investment, OPEC oil-producing countries hope to maintain oil prices at relatively high levels to...
Gold rushed up yesterday, and today it basically went through a short-term repair market with a small structure. This wave of rising prices is not over. The impact of CPI on gold just now is relatively small. Now the general trend of gold remains bullish, waiting for a return Step on and continue to maintain a low and bullish thinking. For gold operation, it is...
The daily chart of the currency pair is consolidating and rebounding near the previous low of 1.0535, but it is still below the downward trending MA20, so caution should be taken for further upside potential. The 4-hour chart shows that after two consecutive days of consolidation following a sharp decline, the momentum is limited. On the hourly chart, there is...
The collapse of Silicon Valley Bank triggered a sharp drop in the US dollar and sparked safe-haven demand, rescuing gold prices from a slump. The price of gold has surged for three consecutive days, breaking through $1,900 per ounce, and if it confirms a sustained breach above this level, it could open the door to reaching February's high of $1,960. Last Tuesday,...
On Friday, despite the negative impact of non-farm payrolls, gold prices rose rapidly. In fact, the safe-haven demand for gold is still dominant. Firstly, the bank debt crisis has spread and caused market panic. The sharp decline in the stock price of Silicon Valley Bank's parent company SVB Financial Group has a much stronger impact, as concerns about credit...
EUR/USD Outlook: Reversal of Bearish Trend with Potential for Upside to this Level Market focus is on the European Central Bank (ECB) interest rate decision on Thursday, March 16, with an expectation for a 50 basis point increase. Additionally, Tuesday, March 14, will see the release of the US CPI for February, which will be closely watched. Technically, EUR/USD...
Don't be indifferent to gentleness because of too much busyness, don't hide enjoyment because of too much pursuit, work is not the whole of life, stop in a hurry, please enjoy the blessings of life. have a good weekend Weekly Gold Chart: Holding Key Support, Likely to Move Higher The weekly chart of gold shows that after testing the 2071 level (point X), prices...
A reasonable trading plan is the starting point of success An excellent investor never trades aimlessly. Before making a trade, they always have their own trading plan to help them identify trading opportunities and avoid chasing market trends. Developing and executing a trading plan is an important component of trading success. So, how do you develop and execute...