📊 **Gold and Oil - Overview as of 11/26/2024**
🟡 **Gold**
On Monday, gold quotes developed a local downtrend from the previously described resistance range: $2650-2710. Additional pressure on the market was exerted by the demand for the US dollar, provoked by the statement of the elected President of the United States Donald Trump regarding the upcoming changes in tariff policy. If the decline continues, the target may be a test of the price range: $2530-2570.
🛢️ **Oil**
Oil quotes continue to remain in the range. Nevertheless, on the eve the price has noticeably decreased, being under pressure due to the general strengthening of the US dollar and against the background of reduced fears of escalation in the Middle East.
🟡 **Gold**
On Monday, gold quotes developed a local downtrend from the previously described resistance range: $2650-2710. Additional pressure on the market was exerted by the demand for the US dollar, provoked by the statement of the elected President of the United States Donald Trump regarding the upcoming changes in tariff policy. If the decline continues, the target may be a test of the price range: $2530-2570.
🛢️ **Oil**
Oil quotes continue to remain in the range. Nevertheless, on the eve the price has noticeably decreased, being under pressure due to the general strengthening of the US dollar and against the background of reduced fears of escalation in the Middle East.
📢 **GBP/USD Overview as of 26.11.2024** 📉
Amid the general strengthening of the US currency after Donald Trump's comments on tariff policy, the GBP/USD pair came under pressure. So far, support has been found in the zone of the previously described 1.2500 mark.
🔍 **Current Situation**:
At the moment, the range of 1.2450-1.2550 may act as a potential support. However, in case of continuation of the US dollar purchases, the pair may decline.
🔔 **Potential Forecast**:
If the downward trend persists, it is worth watching for a test of the price minimum near 1.2300, reached in April this year.
Stay informed and trade wisely! 💰📉 #Forex #Trading #GBPUSD
Amid the general strengthening of the US currency after Donald Trump's comments on tariff policy, the GBP/USD pair came under pressure. So far, support has been found in the zone of the previously described 1.2500 mark.
🔍 **Current Situation**:
At the moment, the range of 1.2450-1.2550 may act as a potential support. However, in case of continuation of the US dollar purchases, the pair may decline.
🔔 **Potential Forecast**:
If the downward trend persists, it is worth watching for a test of the price minimum near 1.2300, reached in April this year.
Stay informed and trade wisely! 💰📉 #Forex #Trading #GBPUSD
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Market Watch. Trump's Tariffs and FOMC Minutes
🔻 Description and useful links below 🔻
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⚠️ Dear traders, please pay attention to CB Consumer Confidence and New Home Sales data that will be released later today in the United States.📊🇺🇸
#Economy
#Economy
The British Pound (£): A Currency Rich in History and Influence
The British pound, also known as sterling, isn’t just a currency—it’s a piece of history! As the world’s oldest continuously used currency, it’s a symbol of the UK’s enduring influence on global finance. 🇬🇧💱
A Royal History:
First introduced in the 8th century, the pound has evolved through centuries of monarchies, wars, and economic revolutions. Its name comes from the Latin libra, referring to weight and balance. Even today, the pound stands as a hallmark of stability and resilience.
Global Impact:
The pound is one of the most traded currencies in the world, alongside the US dollar, euro, and yen. It’s also the official currency of several British territories, including Gibraltar, the Falkland Islands, and Saint Helena.
Modern Challenges & Strengths:
From Brexit to global market shifts, the pound has faced its share of challenges in recent years. However, its ability to adapt and remain a key player in the forex market shows its enduring strength. Traders and investors closely watch the pound for insights into the UK economy and broader global trends.
Banknotes feature prominent historical figures like Jane Austen and Sir Winston Churchill.
The £1 coin is known for its intricate design and is one of the most secure in the world.
London, the financial capital of the UK, plays a major role in determining the pound’s value on global markets.
Whether you’re traveling to the UK, trading forex, or just fascinated by financial history, the pound is a currency worth paying attention to. Its story is a testament to the UK’s cultural and economic legacy.
The British pound, also known as sterling, isn’t just a currency—it’s a piece of history! As the world’s oldest continuously used currency, it’s a symbol of the UK’s enduring influence on global finance. 🇬🇧💱
A Royal History:
First introduced in the 8th century, the pound has evolved through centuries of monarchies, wars, and economic revolutions. Its name comes from the Latin libra, referring to weight and balance. Even today, the pound stands as a hallmark of stability and resilience.
Global Impact:
The pound is one of the most traded currencies in the world, alongside the US dollar, euro, and yen. It’s also the official currency of several British territories, including Gibraltar, the Falkland Islands, and Saint Helena.
Modern Challenges & Strengths:
From Brexit to global market shifts, the pound has faced its share of challenges in recent years. However, its ability to adapt and remain a key player in the forex market shows its enduring strength. Traders and investors closely watch the pound for insights into the UK economy and broader global trends.
Banknotes feature prominent historical figures like Jane Austen and Sir Winston Churchill.
The £1 coin is known for its intricate design and is one of the most secure in the world.
London, the financial capital of the UK, plays a major role in determining the pound’s value on global markets.
Whether you’re traveling to the UK, trading forex, or just fascinated by financial history, the pound is a currency worth paying attention to. Its story is a testament to the UK’s cultural and economic legacy.
📢 **Bitcoin - Overview as of 11/27/2024** 📈📉
🌎 On Monday, November 25, a bill was introduced in Brazil's Congress proposing the creation of a sovereign strategic Bitcoin reserve, which could change the country's approach to digital assets. According to the proposal, the Bitcoin reserve could protect the country's sovereign reserves from currency fluctuations and geopolitical risks, as well as be used as collateral for the central bank's future digital currency.
💡 As for the technical picture, the dynamics of the price decline has slowed down. Support is found near the previously mentioned $92000 mark. In order to make trading decisions, it is necessary to follow the market and the efforts of sellers to sell the price below the current levels. 📊💰
Stay informed and trade wisely! 💪 #Bitcoin #Crypto #Brazil #DigitalAssets
🌎 On Monday, November 25, a bill was introduced in Brazil's Congress proposing the creation of a sovereign strategic Bitcoin reserve, which could change the country's approach to digital assets. According to the proposal, the Bitcoin reserve could protect the country's sovereign reserves from currency fluctuations and geopolitical risks, as well as be used as collateral for the central bank's future digital currency.
💡 As for the technical picture, the dynamics of the price decline has slowed down. Support is found near the previously mentioned $92000 mark. In order to make trading decisions, it is necessary to follow the market and the efforts of sellers to sell the price below the current levels. 📊💰
Stay informed and trade wisely! 💪 #Bitcoin #Crypto #Brazil #DigitalAssets
🌟 **Gold and Oil - Overview as of 11/27/2024** 📈
✨ **Gold:**
Against the background of consolidation of the US dollar against other assets ahead of the publication of significant indicators of economic statistics, the decline in gold quotations also stalled. The market found a balance in the zone of $2630 mark. 📊 The release of data may lead to the resumption of price volatility growth. 📈
🛢️ **Oil:**
OPEC+ is discussing further postponement of the planned oil production increase that was supposed to start in January, two sources from the group said. 📢 Also, according to a Goldman Sachs note, the growing compliance with production cuts among OPEC+ member countries points to their joint efforts to stabilize prices. Nevertheless, technically, the price continues to test the support zone. ⛽
Stay tuned for more updates! 📰 #Gold #Oil #Finance #MarketUpdates 📈🛢️
✨ **Gold:**
Against the background of consolidation of the US dollar against other assets ahead of the publication of significant indicators of economic statistics, the decline in gold quotations also stalled. The market found a balance in the zone of $2630 mark. 📊 The release of data may lead to the resumption of price volatility growth. 📈
🛢️ **Oil:**
OPEC+ is discussing further postponement of the planned oil production increase that was supposed to start in January, two sources from the group said. 📢 Also, according to a Goldman Sachs note, the growing compliance with production cuts among OPEC+ member countries points to their joint efforts to stabilize prices. Nevertheless, technically, the price continues to test the support zone. ⛽
Stay tuned for more updates! 📰 #Gold #Oil #Finance #MarketUpdates 📈🛢️
📊 EUR/USD - Overview as of 27.11.2024 📊
Today, we see the realization of the scenario described earlier, in which the market is trying to consolidate above 1.0450, the decline below which was short-lived. The consolidation is taking place and the background for it is the expectation of traders to wait for a number of important publications in the USA, including data on GDP, labor market, inflation and personal consumption expenditures.
🔍 New data may lead to the growth of quotations volatility. The levels and zones described earlier remain relevant. However, in order to make trading decisions, it is necessary to follow the market behavior after the publication of statistics. 📈📉
Today, we see the realization of the scenario described earlier, in which the market is trying to consolidate above 1.0450, the decline below which was short-lived. The consolidation is taking place and the background for it is the expectation of traders to wait for a number of important publications in the USA, including data on GDP, labor market, inflation and personal consumption expenditures.
🔍 New data may lead to the growth of quotations volatility. The levels and zones described earlier remain relevant. However, in order to make trading decisions, it is necessary to follow the market behavior after the publication of statistics. 📈📉
🔥 Daily review of the financial market - The "MarketWatch" is already on our YouTube channel! Don't forget to subscribe and push the like button😉👍
YouTube
Market Watch. Ahead of the Weekend in the U.S.
🔻 Description and useful links below 🔻
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Trading platforms for desktops and mobile devices https:…
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Trading platforms for desktops and mobile devices https:…
🇩🇪 German Consumer Sentiment Drops to Seven-Month Low⚠️
📊 Germany's GfK Consumer Climate Indicator declined to -23.3 points for December 2024, marking its lowest level since May.
#Economy
📊 Germany's GfK Consumer Climate Indicator declined to -23.3 points for December 2024, marking its lowest level since May.
#Economy
📢 EUR/USD - Overview as of 28.11.2024 📈
🌟 Isabel Schnabel, a member of the European Central Bank's Council, said in an interview with Bloomberg that rate cuts should be implemented gradually. This caused markets to cut rate cut expectations and led to a 0.7% rise in the euro.
📊 Technically, the price held above the 1.0450 mark against the US dollar, however, it is difficult to expect significant momentum at the end of the week as the 4-day weekend began in the United States.
📆 Of the scheduled events, only the publication of German inflation data can be a catalyst for increased volatility today. 📈🌍
#euro #USD #forex #trading #volatility
🌟 Isabel Schnabel, a member of the European Central Bank's Council, said in an interview with Bloomberg that rate cuts should be implemented gradually. This caused markets to cut rate cut expectations and led to a 0.7% rise in the euro.
📊 Technically, the price held above the 1.0450 mark against the US dollar, however, it is difficult to expect significant momentum at the end of the week as the 4-day weekend began in the United States.
📆 Of the scheduled events, only the publication of German inflation data can be a catalyst for increased volatility today. 📈🌍
#euro #USD #forex #trading #volatility
📈🚀 **Bitcoin - Overview as of 11/28/2024** 🚀📈
🔍 Bitcoin market valuation metrics suggest that the rising trend is not over yet. The lack of signs of overvaluation of the asset, typical of price peaks, makes analysts consider the likelihood of continued growth.
🔮 In particular, at the moment, new investors own a little more than 50% of the total volume of investments in the cryptocurrency. By comparison, at the previous market highs reached in 2017 and 2021, this share was over 90% and 80%, respectively.
💸 Technically, the bitcoin price growth was resumed from the $92000 mark, however, whether the market will manage to renew the maximum or a deeper correction awaits us - it is too early to judge.
🔍 Bitcoin market valuation metrics suggest that the rising trend is not over yet. The lack of signs of overvaluation of the asset, typical of price peaks, makes analysts consider the likelihood of continued growth.
🔮 In particular, at the moment, new investors own a little more than 50% of the total volume of investments in the cryptocurrency. By comparison, at the previous market highs reached in 2017 and 2021, this share was over 90% and 80%, respectively.
💸 Technically, the bitcoin price growth was resumed from the $92000 mark, however, whether the market will manage to renew the maximum or a deeper correction awaits us - it is too early to judge.