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Archive for September, 2023
Deaching of the great explorer of the truth the builder
The Yuan Coin: Insights for Savvy Business Leaders
The Yuan Coin: Insights for Savvy Business Leaders In the ever-evolving landscape of international business, one currency has been making waves lately, and its name is the yuan coin. This digital currency, issued by the People’s Bank of China, is gaining momentum as an alternative to traditional currencies like the US dollar and the British […]
Navigating the Best Dollar Rate: Key Insights
Navigating the Best Dollar Rate: Key Insights In the dynamic business world, keeping a keen eye on the best dollar rate is akin to having a compass in uncharted waters. The dollar, with its global influence, stands as the cornerstone of international trade and finance. However, it’s no secret that recent times have seen concerns […]
XAU/USD Price Forecast: Gold Tentative as FOMC Looms
Gold prices hover around $1930 as traders await guidance from Fed Chair Jerome Powell as to the future of the US interest rate cycle.
Market Analysis: S&P 500 under Pressure ahead of Federal Reserve Meeting
The decision on the base interest rate will be published tomorrow at 21:00 GMT+3, and Powell will hold a press conference at 21:30. Although most experts, as reported by the media, expect that the current rate will remain, market participants will closely monitor the Federal Reserve’s assessment of the current situation, which includes new data […]
Cryptocurrency Prices Rise on SEC Rumours
Various media outlets report the opinion that SEC Chairman Gary Gensler expressed in a personal conversation. He allegedly intends to approve applications for the creation of ETFs related to the cryptocurrency spot markets. Such applications were submitted by BlackRock, Invesco, WisdomTree, Valkyrie and other respectable funds. But for now, the SEC’s decision on the applications […]
Euro Could Be Due for a Minor Bounce: EUR/USD, EUR/JPY, EUR/GBP, Price Setups
The euro looks deeply oversold against some of its peers ahead of the Fed’s interest rate decision. How sustainable the bounce turns out to be remains a question. What is the outlook for EUR/USD, EUR/GBP, and EUR/JPY?
Crude Oil Price Claims the High Ground as Market Scrambles. Higher WTI?
Crude oil prices peaked at new levels again today in the face of concerns for China’s growth prospects undermining it but backwardation is back in play. Will WTI break USD 100 a barrel?
Australian Dollar Ponders Path Ahead After RBA Minutes. Will AUD/USD Breakout?
Australian Dollar crosswinds create uncertainty for direction with the RBA meeting minutes verify that the debate for hikes is up in the air and will be data dependent. Where to for AUD/USD?
Asia Day Ahead: Wait-and-See in Lead-Up to Fed’s Decision, RBA Minutes in Focus
Market sentiment remained in its usual wait-and-see ahead of the FOMC meeting, as the VIX headed higher for the second straight day to reflect increased hedging activities.
Adam and Eve Double Bottom Chart Pattern
Chart patterns play a vital role in predicting future market trends. Among numerous chart formations used by traders, the Adam and Eve chart pattern holds a unique position, particularly for short-term bullish reversals. This article will dissect the nuances of this setup and provide a blueprint on how to capitalise on its signals effectively. How […]