📊 Bitcoin - Overview from 04.11.2024
The range of quotations from $66000 to $69000 still represents a support zone. However, the price is re-testing its strength after a failed attempt to resume growth. The general context appears so that the market participants are missing fundamental reasons to break through the historical price peak. This uncertainty could be due to the impending US presidential election, scheduled for November 5th. The outcome can significantly affect US policy concerning digital asset regulation. In case of price decline, the immediate targets are closer to the $60000-61000 range. 📉
Stay informed and watch out for potential shifts in the market! 💪📈 #Bitcoin #Cryptocurrency #USpolicy #PricePeak
The range of quotations from $66000 to $69000 still represents a support zone. However, the price is re-testing its strength after a failed attempt to resume growth. The general context appears so that the market participants are missing fundamental reasons to break through the historical price peak. This uncertainty could be due to the impending US presidential election, scheduled for November 5th. The outcome can significantly affect US policy concerning digital asset regulation. In case of price decline, the immediate targets are closer to the $60000-61000 range. 📉
Stay informed and watch out for potential shifts in the market! 💪📈 #Bitcoin #Cryptocurrency #USpolicy #PricePeak
📢 **Gold and Oil - Review from 04.11.2024**
🟡 *Gold*
Gold prices continue to test the range of $2715-2745. The metals market, like most others, is waiting for the outcome of the U.S. elections and the Federal Reserve's decision on the key interest rate.
The range of $2640-2680 may serve as a support zone, in case of a further decline in quotes.
🛢️ *Oil*
Oil prices are trying to continue their rise on Monday, against the backdrop of OPEC+ decision to delay plans to increase production for a month.
If the local maximum in the region of 72.30 is overcome, the price might face resistance in the range of $73-74.
🟡 *Gold*
Gold prices continue to test the range of $2715-2745. The metals market, like most others, is waiting for the outcome of the U.S. elections and the Federal Reserve's decision on the key interest rate.
The range of $2640-2680 may serve as a support zone, in case of a further decline in quotes.
🛢️ *Oil*
Oil prices are trying to continue their rise on Monday, against the backdrop of OPEC+ decision to delay plans to increase production for a month.
If the local maximum in the region of 72.30 is overcome, the price might face resistance in the range of $73-74.
📊 EUR/USD - Review from 05.11.2024 📈
During the local ascending trend, the market encountered resistance around the previously described mark of 1.0900. Considering the upcoming US presidential election and the Federal Reserve's decision regarding the key rate, today's markets are characterized by an extremely high level of uncertainty. The significant information appearing in the near future in the information field can provoke poorly predictable movements and a rise in volatility.
🔍 Local price maximums and minimums could serve as references for finding conditions for new trades.
Significant zones below the current prices are: the local minimum zone of 1.0780 and the range of 1.0670-1.0740. In the case of growth, the area around the mark of 1.1000 might be of interest. 📈
Stay informed and trade wisely! 💰 #Forex #Trading #EURUSD
During the local ascending trend, the market encountered resistance around the previously described mark of 1.0900. Considering the upcoming US presidential election and the Federal Reserve's decision regarding the key rate, today's markets are characterized by an extremely high level of uncertainty. The significant information appearing in the near future in the information field can provoke poorly predictable movements and a rise in volatility.
🔍 Local price maximums and minimums could serve as references for finding conditions for new trades.
Significant zones below the current prices are: the local minimum zone of 1.0780 and the range of 1.0670-1.0740. In the case of growth, the area around the mark of 1.1000 might be of interest. 📈
Stay informed and trade wisely! 💰 #Forex #Trading #EURUSD
📊 GBP/USD - Review from 05.11.2024 📈
Finding support in the previously described area of 1.2800-1.2860, the GBP/USD pair moved more than 150 points. However, on Tuesday, the dollar begins with a defense amid uncertainty on the day of the U.S. presidential elections, after recent public opinion polls reduced the market's expectations of a victory for Republican Donald Trump.
🔍 Technically, the GBP/USD pair is also in the area of 1.2950-1.3100, from which it is possible to resume a decline in quotes. The target of the decline, in the event of its development, will be a retest of the range 1.2800-1.2860. 📉
Finding support in the previously described area of 1.2800-1.2860, the GBP/USD pair moved more than 150 points. However, on Tuesday, the dollar begins with a defense amid uncertainty on the day of the U.S. presidential elections, after recent public opinion polls reduced the market's expectations of a victory for Republican Donald Trump.
🔍 Technically, the GBP/USD pair is also in the area of 1.2950-1.3100, from which it is possible to resume a decline in quotes. The target of the decline, in the event of its development, will be a retest of the range 1.2800-1.2860. 📉
📊 Silver - Review from 05.11.2024 📈
As we wrote earlier, gold quotes are testing the local support zone. From a technical standpoint, the silver market appears more robust. If gold has the potential to decline to more significant support levels, silver has already reached a range that traders find interesting.
This does not mean that the increase in prices will necessarily continue from current levels, however, as long as the price remains within the broad zone of $30.40-32.40, it is conducive to looking for buying deals.
Nevertheless, risks related to elections in the United States and the impending decision of the US Federal Reserve on the key rate should be taken into account. 📉🔍
#SilverMarket #Trading #Stocks #SilverPrices 📈
As we wrote earlier, gold quotes are testing the local support zone. From a technical standpoint, the silver market appears more robust. If gold has the potential to decline to more significant support levels, silver has already reached a range that traders find interesting.
This does not mean that the increase in prices will necessarily continue from current levels, however, as long as the price remains within the broad zone of $30.40-32.40, it is conducive to looking for buying deals.
Nevertheless, risks related to elections in the United States and the impending decision of the US Federal Reserve on the key rate should be taken into account. 📉🔍
#SilverMarket #Trading #Stocks #SilverPrices 📈
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⚡️ A study by the National Retail Federation released on Monday indicated that U.S. shoppers could lose up to $78 billion in annual spending power if presidential candidate Donald Trump’s proposed tariffs on imports are implemented⚠️🇺🇸
#Economy
#Economy
The Chinese yuan (CNY) occupies a unique place in the global economy as one of the oldest currencies with a history dating back more than a thousand years. The history of the yuan reflects China's deep economic and cultural evolution, making it an exciting part of financial history!
The history of the yuan begins with the ancient Chinese currency of the Tang Dynasty (618-907 AD), where copper coins known as "cash" were widely used. Under the Song Dynasty (960-1279 AD), China became the first country to introduce paper money, which was an innovative step that had an impact on the world's monetary systems. This paper currency, called jiaozi, laid the foundation for the concept of the yuan.
The term "yuan" officially appeared during the reign of the Yuan Dynasty (1271-1368 AD), founded by the Mongol leader Kublai Khan. Under him, China expanded the use of paper money as the first real "yuan" issued as a universal currency throughout the empire. This currency eventually depreciated due to overproduction, which led to inflation - a lesson from early monetary policy!
Fast forward to the 20th century, when the People's Republic of China (PRC) was founded in 1949. The new government introduced the "yuan", or "people's currency", to stabilize the economy. The main unit of this currency is the "Yuan", which has become a symbol of national unity and strength.
🌏 The yuan is reaching a global level
In recent decades, the yuan has expanded beyond China. In 2015, it became one of the world's reserve currencies in the basket of special drawing rights (SDR) of the International Monetary Fund (IMF). Today, the yuan symbolizes China's growing influence as it is increasingly used in international trade and investment.
Looking into the future
The future of the yuan seems bright, and its role on the world stage continues to grow. The yuan's path from ancient coins to modern digital currency reflects China's resilience, innovation and economic recovery.
The history of the yuan begins with the ancient Chinese currency of the Tang Dynasty (618-907 AD), where copper coins known as "cash" were widely used. Under the Song Dynasty (960-1279 AD), China became the first country to introduce paper money, which was an innovative step that had an impact on the world's monetary systems. This paper currency, called jiaozi, laid the foundation for the concept of the yuan.
The term "yuan" officially appeared during the reign of the Yuan Dynasty (1271-1368 AD), founded by the Mongol leader Kublai Khan. Under him, China expanded the use of paper money as the first real "yuan" issued as a universal currency throughout the empire. This currency eventually depreciated due to overproduction, which led to inflation - a lesson from early monetary policy!
Fast forward to the 20th century, when the People's Republic of China (PRC) was founded in 1949. The new government introduced the "yuan", or "people's currency", to stabilize the economy. The main unit of this currency is the "Yuan", which has become a symbol of national unity and strength.
🌏 The yuan is reaching a global level
In recent decades, the yuan has expanded beyond China. In 2015, it became one of the world's reserve currencies in the basket of special drawing rights (SDR) of the International Monetary Fund (IMF). Today, the yuan symbolizes China's growing influence as it is increasingly used in international trade and investment.
Looking into the future
The future of the yuan seems bright, and its role on the world stage continues to grow. The yuan's path from ancient coins to modern digital currency reflects China's resilience, innovation and economic recovery.
🇺🇸 Stocks and bond markets remained calm, while a market volatility stayed low as investors awaited early signals from a closely contested U.S. election.
⚠️ Only currency markets showed signs of nervousness.
#Markets
⚠️ Only currency markets showed signs of nervousness.
#Markets
📢 **EUR/USD - Review of 06.11.2024** 📈🇪🇺🇺🇸
At the time of writing the review, the fight for the Presidency of the United States remains tense. Donald Trump's chances are increasing, however, it's too early to draw conclusions as the results in several key states are still unknown. Moreover, even in case one of the candidates succeeds, the big question remains - will Trump or Harris receive the full mandate to lead.
Meanwhile, technically, amid increasing chances of Trump taking the post, the US dollar has strengthened and the EUR/USD pair has significantly decreased. The quotes found support in the range we had previously described as 1.0670-1.0740. To make trading decisions, it's necessary to closely follow the news agenda and market dynamics. 📈💵
Stay tuned for more updates! 🌐 #ForexTrading #MarketReview
At the time of writing the review, the fight for the Presidency of the United States remains tense. Donald Trump's chances are increasing, however, it's too early to draw conclusions as the results in several key states are still unknown. Moreover, even in case one of the candidates succeeds, the big question remains - will Trump or Harris receive the full mandate to lead.
Meanwhile, technically, amid increasing chances of Trump taking the post, the US dollar has strengthened and the EUR/USD pair has significantly decreased. The quotes found support in the range we had previously described as 1.0670-1.0740. To make trading decisions, it's necessary to closely follow the news agenda and market dynamics. 📈💵
Stay tuned for more updates! 🌐 #ForexTrading #MarketReview