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🚨Market Alert

Bitcoin (BTC) extended its rally, surpassing $97,500 for the first time and inching closer to the highly anticipated $100,000 milestone. The cryptocurrency market, particularly BTC, remains buoyed by heightened "Trump Trade" sentiment, driving robust momentum.

The question is, will BTC touch its remarkable milestone at $100k today?

🚨 Trade of the Day (20/11/2024)

: USD/JPY

The Japanese Yen (JPY) gave up a significant portion of its earlier gains and weakened against the US Dollar due to uncertainty surrounding the timing of the Bank of Japan’s (BoJ) next rate hike. BoJ Governor Kazuo Ueda recently stated that the economy is moving towards sustained inflation driven by wage growth, keeping the possibility of further monetary policy tightening open. However, Ueda offered little insight into whether a rate hike would occur in December, emphasizing that any adjustments would depend on economic performance and price trends. Meanwhile, Japan’s Economy Minister Ryosei Akazawa remarked on Tuesday that boosting wages across all age groups is vital to the proposed economic package, which he aims to have approved by the cabinet soon.

Please Click on the title below to read the full story
USD/JPY Rose Following BoJ Rate Hike Uncertainty

🔔 Market Recap (20/11/2024)

💰Gold Prices:
-Gold extended gains driven by escalating Russia-Ukraine conflict and heightened geopolitical risks.
-Ukraine's long-range missile strikes and North Korea’s support for Russia intensified uncertainty.
-Putin’s nuclear rhetoric and resistance to diplomacy bolstered safe-haven demand for gold.

💲Dollar Index (DXY):
-Dollar Index remained flat as markets digested U.S. Presidential election outcomes.
-Investors balanced economic data anticipation with geopolitical risks, offering near-term support.

📊U.S. Equities (Tech-Led Gains):
-Nvidia surged 4% ahead of earnings, driving a tech-led rally in U.S. equity markets.
-Broader gains were limited by concerns over rising geopolitical tensions, including Putin’s nuclear threat.

🛢Crude Oil (WTI):
-Oil prices rebounded, supported by supply risks amid geopolitical tensions.
-Ukraine's strikes on Russian oil infrastructure and OPEC's production strategies added to market concerns.
-Norway’s Johan Sverdrup oilfield restart helped stabilize supply, but risks persist.

Please Click here to read in detail

Market Recap - 19/11/24 📊✨
Dollar Index (DXY):
• Dollar slips following dovish expectations from Wall Street analysts and the Fed.
• Morgan Stanley forecasts continued 25-basis-point rate cuts into 2025.
• Investor caution as Trump’s policy agenda remains unclear and economic data is light.

U.S. Equities (Nasdaq & Tech Stocks):
• Nasdaq saw a slight rebound, with Tesla up 5% following autonomous vehicle framework news.
• Big Tech stocks like Apple and Alphabet gained over 1% ahead of Nvidia's earnings report.
• Investor sentiment supported by tech optimism, but uncertainties around Trump’s policies may cause volatility.

Gold Prices:
• Gold bounced back after recent losses, driven by a weaker dollar.
• Fed’s anticipated rate cuts in 2025 boost the appeal of gold as a non-yielding asset.
• Investors focus on potential monetary easing, aiding gold's recovery.

Japanese Yen (JPY):
• Japanese yen strengthens on hawkish signals from the Bank of Japan (BOJ).
• BOJ Governor Ueda hints at possible rate hikes as early as next month, citing wage-driven inflation.
• Market watches for potential currency intervention, adding bullish momentum to the yen.

Crude Oil (WTI):
• Oil prices surged due to supply disruptions at Norway’s Johan Sverdrup oilfield and rising geopolitical tensions.
• Production suspension at Sverdrup and escalating Russia-Ukraine conflict added to supply concerns.
• OPEC's output plans and geopolitical risks have heightened supply uncertainty, supporting crude prices.

Click on the title below to read in full
Oil Rally on Russia-Ukraine Heighten Tension

Market Recap - 18/11/24 📊✨
Dollar Index (DXY):
• DXY remains stagnant as investors await fresh catalysts beyond U.S. election outcomes.
• Light U.S. economic calendar includes housing data, jobless claims, and Friday's PMI reports.
• PMI data could offer insights into corporate sentiment and potential trade tariff impacts.

Gold Prices:
• Gold prices rose on renewed safe-haven demand amid uncertainty surrounding Trump's tariff policies.
• Higher Treasury yields remain a headwind, but political risks and tariff concerns may support gold.

Bitcoin (BTC/USD):
• Bitcoin surged past $90,000, with market cap exceeding $3 trillion for the first time.
• Momentum is slowing as traders digest recent gains, awaiting new drivers for further volatility.

Crude Oil (WTI):
• Oil prices fell 2%, extending weekly losses due to weak Chinese crude demand and Fed policy concerns.
• Chinese refinery processing slowed in October, highlighting weaker domestic demand.
• IEA projects a global oil surplus by 2025, adding further pressure on oil prices.

Pound Sterling (GBP):
• GBP weakened as the UK faces a bleak economic outlook.
• October CPI forecasted to rise to 2.2%, above the BoE's target, reversing September’s drop to 1.7%.
• BoE officials, including Governor Bailey, to testify on economic outlook and monetary policy adjustments.

Click on the title below to read in full
Markets Steady as Bitcoin Hits $90K, Gold Rebounds

🔔 Trade of the Day (15/11/2024)

= NZDUSD

The New Zealand Dollar continues to slide, hitting a three-month low as the U.S. dollar strengthens, driven by recent U.S. inflation data. The Producer Price Index (PPI), reflecting inflation at the producer level, aligned with forecasts for October, showing a 0.2% monthly increase, following the previous month’s revised 0.1% rise. Although core PPI rose slightly on an annualized basis, overall headline PPI matched expectations. Fed Chairman Jerome Powell suggested that robust U.S. economic conditions allow the Federal Reserve to take a measured approach in deciding the timing and extent of any interest rate cuts. Consequently, traders have scaled back expectations of a December rate cut, with CME FedWatch now showing a 51.7% probability that rates will hold steady and a 48.3% chance of a 25-basis-point reduction.

Click on the title below to read in full
NZDUSD Extend Losses Following US PPI

📣 Market Recap (15/11/2024)

💲Dollar Index (DXY):
-DXY surged to 107.00, marking its highest level since last November.
-Strong U.S. economic data, particularly low Initial Jobless Claims, fuels Fed rate hike expectations.
-Dollar strength is expected to continue, with 107.00 serving as a significant resistance level.

📉Wall Street:
-U.S. equities face weekly losses amid robust economic data and expectations of a more cautious Fed.
-Post-election optimism has cooled, but potential pro-growth policies from Trump in January could spur future rallies.

💹Japanese Yen (JPY):
-Japan’s GDP report, anticipated to show improvement, could support the Yen in the short term.
-Bank of Japan’s uncertain policy stance continues to apply pressure on the Yen.
-Traders may seek short-term gains in Yen cross pairs if positive GDP data emerges.

💰Gold:
-Gold gained nearly 1% from recent lows but struggles to hold above the $2,550 level.
-Failure to maintain this support could signal further bearish movement, with key support near $2,526.

🛢Crude Oil (WTI):
-Oil is consolidating after last week’s sharp decline, pressured by weak U.S. crude inventory data.
-WTI crude's support at $68.50 remains critical; holding above may indicate a rebound, while a drop below could extend the bearish trend.

please Click Here to read in Detail

📈 Trade of the Day: USD/JPY
Fundamentals:
The Japanese Yen continues to weaken against the U.S. Dollar after the U.S. CPI report showed persistent inflation. Monthly CPI remained steady at 0.2%, while annual CPI rose to 2.6%, keeping the USD strong and likely reducing chances for U.S. rate cuts.

Technical:
USD/JPY broke past resistance at 153.65, signaling further bullish momentum. MACD shows continued upward strength.
• Resistance: 157.25
• Support: 153.65

📊 Outlook: Expect further upside if momentum holds, but watch for potential pullbacks.

Market Recap - 14/11/24 📊✨
Dollar Index (DXY):
• Continued rally driven by optimism around Trump’s inflationary policies.
• October CPI data met expectations, with a 0.2% rise, having minimal immediate effect.
• Broader uptrend supported by expectations of inflationary tariffs, maintaining dollar strength.

Gold (XAU/USD):
• Gold prices fell sharply as the dollar hit a YTD high and Treasury yields rose.
• Prices dropped after briefly peaking at $2,618, pressured by a stronger dollar and higher yields.
• Stable inflation data provided no relief for gold’s bearish sentiment.

Bitcoin (BTC/USD):
• Bitcoin surged to new all-time highs, surpassing $93,000, fueled by pro-crypto sentiment.
• Trump’s pro-crypto stance and support from key figures like Elon Musk are boosting market optimism.
• Bitcoin remains a favored speculative asset amid growing enthusiasm for crypto-friendly policies.

Crude Oil:
• Oil prices recovered slightly due to technical correction and short-covering.
• Gains capped by a stronger dollar, making oil pricier for international buyers.
• OPEC’s continued downward revisions in demand growth forecasts weigh on oil’s long-term outlook.

🔗 Read more here: Dollar Surge on High CPI

Market Recap - 13/11/24 📊✨
Dollar Index (DXY):
• The Dollar Index reached a six-month high, bolstered by inflationary expectations from Trump’s proposed tariffs.
• Higher U.S. Treasury yields further support the dollar as inflation concerns rise.
• U.S. CPI data is crucial for future shifts in dollar sentiment, potentially influencing Fed policy.|

Gold (XAU/USD):
• Gold prices fell below $2,600 for the first time since mid-September, pressured by a stronger dollar and rising Treasury yields.
• Market expectations for a less dovish Fed stance, with a projected terminal rate at 3.99%, weigh on gold’s appeal.

Bitcoin (BTC/USD):
• Bitcoin surged to new highs, fueled by expectations of a crypto-friendly regulatory environment under Trump.
• Institutional inflows, including over $1 billion into Blackrock’s Bitcoin ETF, highlight growing confidence in Bitcoin.

Crude Oil:
• Oil prices remained near a two-week low, influenced by OPEC’s demand growth cuts and a stronger U.S. dollar.
• China’s stimulus measures were perceived as insufficient, exacerbating bearish sentiment on oil markets.

🔗 Read more here: Dollar Remain Firm Ahead of CPI

📉 Trade of the Day: Gold Drops as Strong U.S. Dollar & Trump Policies Pressure Markets! 📉

Gold prices are sliding as the U.S. dollar strengthens, with Trump’s policies adding extra weight to the market. Is this a sign of further downside for gold? Don’t miss the full analysis on what’s driving today’s price moves! 🪙💵

🔗 Read more here: Gold Falls as Strong U.S. Dollar & Trump’s Policies Weigh

Stay ahead of market shifts with today’s insights! 🚀

Market Recap - 12/11/24 📊✨
Dollar Index (DXY):
• The Dollar Index is rising, driven by inflation expectations tied to Trump’s policies.
• Anticipated slower pace of Fed rate cuts may further support dollar strength.
• Investors await U.S. CPI data to gauge future inflation trends and dollar movement.

Gold (XAU/USD):
• Gold remains stable after a recent drop, pressured by higher U.S. Treasury yields.
• Upcoming U.S. CPI and Fed statements are key for gold's future direction.
• Trump’s tariffs, if enacted, could revive gold demand as a geopolitical hedge.

Bitcoin (BTC/USD):
• Bitcoin hit a record high above $89,000, supported by Trump’s pro-crypto stance.
• Expectations of crypto-friendly legislation and U.S. Bitcoin reserves drive bullish momentum.
• A Republican-controlled Congress may further encourage Bitcoin's upward trend.


Oil:
• Oil prices continue to decline amid China’s insufficient fiscal stimulus measures.
• Reduced demand expectations persist, as China’s stimulus lacks consumer-focused policies.
• Hurricane Rafael’s weakening to a tropical storm eased supply concerns, adding pressure on oil


🔗 Read the full analysis here: Dow Jones Reach New High on Trump Victory

📉 Trade of the Day: Aussie Dollar Dips on Trump’s Tariff Threat! 📉

The Australian dollar is feeling the pressure after Trump’s latest tariff threat. 🇦🇺📉 This news could create ripple effects in the forex market – don’t miss the full breakdown on what it means for AUD!

🔗 Read the full analysis here: Aussie Dollar Slips After Trump Tariff Threat

Market Recap - 11/11/24 📊✨
Dollar Index (DXY):
• The Dollar Index rose, reaching a four-month high around 105.00 following Trump’s win.
• Trump’s expected tariffs support the dollar as a safe-haven amid global economic concerns.
• Market anticipates potential for more dollar gains as tariff-driven economic support favors the U.S.

Gold (XAU/USD):
• Gold prices fell near $2,680, pressured by a stronger dollar post-Trump victory.
• Speculation on the Fed slowing rate cuts adds further downside pressure on USD-denominated gold.

Chinese Equities:
• Pessimism persists despite China’s 10 trillion-yuan debt refinancing initiative.
• Trump’s tariff pledge on Chinese goods could significantly impact China’s growth, reducing GDP by up to two percentage points.
• Investors await potential new stimulus measures to support the equity market.

Oil:
• Oil prices declined as concerns over China’s economic struggles weigh on demand outlook.
• Despite recent debt relief measures, China’s oil demand remains subdued, marking the sixth consecutive month of import declines.
• Oil may face continued pressure, given its sensitivity to global growth uncertainties.

Please click on the link below to read in detail
Yen Eases on Dovish BoJ Monetary Policy Prospect

🚨 Trade of the day (07/11/2024)

: XAUUSD

Gold prices have plunged following Donald Trump’s win in the 2024 presidential election, which has driven both the dollar and Treasury yields higher. Treasury yields surged on expectations that a second Trump administration may introduce policies, like tariffs, likely to spur inflation, potentially prompting the Fed to slow its rate-cutting pace. The Republicans have also secured a majority in the Senate and are on course to win the House of Representatives, suggesting a possible Republican sweep in 2024. This scenario would simplify Trump’s ability to pass major policy changes, many of which could be inflationary, potentially keeping interest rates elevated in the long term and supporting the dollar.

Please click on the link below to read in detail
Gold Plunged As Trump Victory Boost Dollar

📣 Market Recap (07/11/2024)

💲Dollar Index:
-Spiked to a four-month high following Trump’s victory, supported by expectations of pro-growth policies.
-Rising inflation concerns and anticipated rate hikes pushed U.S. Treasury yields to multi-month highs.
-Dollar strength bolstered as investors adjust strategies for potential inflation.

💰Gold Market:
-Declined due to improved political stability and rising Treasury yields reducing gold's safe-haven appeal.
-Investors are reallocating to higher-risk assets, including U.S. equities and cryptocurrencies.
-Future FOMC decisions may influence gold's movement in the coming days.

💫Cryptocurrencies:
-Bitcoin reached a record high, surpassing $76,000, driven by bullish sentiment following Trump’s re-election.
-Strong support within the crypto community suggests continued upward price momentum for Bitcoin.

Click here to read in detail

🔔 Donald Trump is re-elected as U.S. President, the dollar has surged to a three-month high, while Bitcoin has soared to a record peak.

Will Wall Street echo this heightened sentiment, and could Tesla Inc. shares see gains from a Trump victory as Elon Musk is the biggest sponsor for Trump's presidency campaign ?

Market Recap - 06/11/24 📊✨
Dollar Index:
• Dollar outlook is mixed, with potential strength if Trump wins due to pro-growth policies.
• Treasury yields are climbing in Asian trading, signaling market expectations of Trump’s policies.
• Dollar is strengthening against major Asian currencies amid election results.

Bitcoin and Cryptocurrency:
• Bitcoin break above record high.
• Both Trump and Harris support crypto assets, which could lead to continued stability or growth in Bitcoin regardless of the election outcome.


For detailed insights and potential trading strategies, read the full analysis here:
Dollar Spur by Trump’s Leading Position in Election 💴📈

🚀 BTC/USD Breaks 70,000 as Trump Leads Harris (8:50 AM GMT+8)
In a fast-moving market, BTC/USD surged past the 70,000 level amid strong momentum. Early U.S. election polls show Donald Trump ahead of Kamala Harris, adding fuel to Bitcoin’s rally as investors react to potential shifts in political power.

Market Recap - 05/11/24 📊✨
U.S. Dollar:
• Dollar Index held steady amid anticipation of U.S. election results and potential policy impacts.
• A potential Trump win could increase inflationary pressures, supporting higher Treasury yields and dollar strength.
• Investors are advised to watch election updates closely for shifts in dollar momentum.

Gold :
• Gold prices remained flat as pre-election caution led to a wait-and-see sentiment.
• Profit-taking followed recent highs, with long-term support still expected amid political uncertainties.
• Election results may provide entry signals as markets gauge post-election economic policies.

Oil :
• OPEC+ extended production cuts by 2.2 million bpd through December due to low demand and price pressures.
• OPEC is optimistic about future demand, highlighting a positive outlook for 2024.

U.S. Equities:
• U.S. stocks edged lower, reflecting a risk-off stance ahead of the tight presidential election race.
• Investors are positioning for potential inflationary policies, impacting Big Tech stocks and Treasury yields.
• Election results could significantly influence market performance, particularly within tech sectors.

🔗 Read the full analysis: Dollar Calm ahead of the U.S. Election

📈 Trade of the Day: EUR/USD Rises on Weak U.S. Jobs Data! 📈

The Euro is gaining strength as weaker U.S. jobs data impacts market sentiment. Could this signal further opportunities for EUR/USD? Stay informed on how shifting data might affect your trades! 💶💵

🔗 Read the full analysis: EUR/USD Rose Amid Weak U.S. Jobs Data

Trade smart and stay updated with the latest insights! 🚀

PU Prime Official Channel pinned «🚨 2024 U.S. Election: Brace for Major Market Moves! 🚨 With the U.S. election right around the corner, volatility is expected to spike across forex and gold markets. 🇺🇸💥 Are you ready for the potential market impact? 🔗 Read our in-depth analysis now: How…»

🚨 2024 U.S. Election: Brace for Major Market Moves! 🚨

With the U.S. election right around the corner, volatility is expected to spike across forex and gold markets. 🇺🇸💥 Are you ready for the potential market impact?

🔗 Read our in-depth analysis now:
How the U.S. Election Could Shake Forex and Gold Markets

Stay prepared and informed – don’t miss out on key insights that could shape your trading decisions! 📈

Trade of the Day: USD/JPY
The Japanese Yen strengthened following hawkish remarks from the Bank of Japan, signaling a potential policy shift. Traders are keeping a close eye on resistance and support levels as the Yen gains momentum.

For detailed insights and potential trading strategies, read the full analysis here:
Yen Strengthens Following BoJ Hawkish Remarks 💴📈

Market Recap - 01/11/24 📊✨
U.S. Dollar:
• Dollar Index dipped slightly, even amid solid U.S. economic data.
• Core PCE Price Index met expectations at 2.70%, while jobless claims dropped to 216K, beating forecasts.
• Investors are focused on upcoming Nonfarm Payrolls and U.S. election developments.

Gold Market:
• Gold prices pulled back on profit-taking and stable inflation data.
• Rising yields in the UK and Japan made cash holdings more attractive than gold.
• Potential U.S. election-driven volatility may provide long-term support for gold.

Oil Market:
• Oil prices rose amid reports of possible Iranian attacks on Israel via Iraqi territory.
• Speculation around OPEC+ potentially delaying production increases added support.
• Geopolitical risks and supply concerns remain key factors.

Japanese Yen:
• Yen strengthened as the Bank of Japan showed signs of reduced dovishness.
• BoJ’s unchanged interest rates and cautious optimism on U.S. economic risks hint at possible future rate hikes.
• Governor Ueda’s remarks suggest a gradual shift toward monetary tightening.

For full analysis and trading insights, read here:
Dollar Pauses as Jobs Data Looms 🪙🌍

🔔 Market Recap (31/10/2024)

💲U.S. Dollar & Economic Indicators:
Dollar Mixed Momentum:
-GDP growth lower-than-expected at 2.8% QoQ, pressuring the dollar initially.
-Dollar supported by a robust ADP Nonfarm Employment report, keeping the Dollar Index (DXY) above 104.00.
-Market awaits today’s PCE reading and Friday’s NFP report for further direction.

🇪🇺Euro & Australian Dollar Performance:
-Euro: Gained from a positive eurozone GDP reading, indicating better-than-expected growth.
-Australian Dollar: Strengthened due to higher-than-anticipated CPI, reflecting ongoing inflation.
-Potential Dollar Pressure: If U.S. PCE reading falls short, euro and Aussie may extend gains against the dollar.

📊Nasdaq & Tech Earnings:
-Nasdaq Volatility: Reached recent highs but pulled back due to:
-Disappointing earnings from Meta Platforms and Microsoft, with Microsoft’s cloud segment slowdown weighing heavily.
-Upcoming Earnings: Apple and Amazon reports expected today, potentially pivotal for Nasdaq’s
short-term movement.

🥇Gold:
-All-Time High: Gold surged to $2,790 due to:
Weaker dollar influenced by soft economic data.
-Safe-haven demand ahead of the U.S. election and Middle East geopolitical tensions.
-$2,800 threshold within reach as demand remains strong.

🛢Oil Prices:
-Technical Rebound, Bearish Outlook: WTI crude saw a slight rise, still capped below $70.00.
Supported by unexpected U.S. crude stockpile drop, indicating steady demand.
-Potential OPEC+ production delay for December could support prices amid weak demand concerns.

CLICK HERE to read in detail

Trade of the Day: NZD/USD
The New Zealand Dollar remains under pressure as dovish sentiment around the Reserve Bank of New Zealand weighs on the currency. Key levels are being monitored as bearish momentum persists.

For more insights and trading strategies, read the full analysis here:
Kiwi Remains Weak on Dovish Mood Around RBNZ 📉🇳🇿

Market Recap - 30/10/24 📊✨
U.S. Dollar:
• Dollar Index dipped as JOLTs job openings fell to 7.443 million, below expectations.
• Investor caution prevails ahead of Nonfarm Payrolls and other key economic data.
• The outlook remains uncertain, with traders awaiting clearer signals on monetary policy direction.

Gold Market:
• Gold prices surged to record highs amid safe-haven demand driven by weaker U.S. economic data.
• Growing concerns over the U.S. debt outlook as the presidential election approaches.
• Increased interest in gold as a hedge against potential economic instability.

U.S. Equities:
• Nasdaq reached record highs ahead of earnings reports from major tech companies.
• Anticipation builds around performance from "The Magnificent Seven" tech stocks.
• Market sentiment remains optimistic, focusing on AI investments and growth potential.

Crude Oil:
• Oil prices eased lower as supply disruption fears subside amid diplomatic talks in the Middle East.
• Declining demand from China adds pressure on global oil prices.
• Ongoing geopolitical tensions and economic outlook continue to influence market movements.

For more insights and analysis, read the trade of the day here:
Gold Sky-rocket with the U.S. Election Jitters

Trade of the Day: Gold
Gold prices held steady despite easing Middle East risk, as investors remain cautious amid global uncertainties. Key support and resistance levels are being closely monitored for potential breakout moves.

For full analysis and trading insights, read here:
Gold Price Holds Steady Despite Easing Middle East Risk 🪙🌍

Market Recap - 29/10/24 📊✨
U.S. Dollar:
• Dollar Index remains steady as traders await key economic data, including Q3 GDP and Nonfarm Payrolls.
• Anticipated data could impact the Fed’s stance on monetary policy, potentially shifting the dollar’s trend.

Gold Market:
• Gold prices hold steady amid high-stakes events, including the U.S. election, FOMC meeting, and key economic data releases.
• Investors watch for signals on gold’s direction, with volatility expected as events unfold.

U.S. Equities:
• Major tech earnings (“The Magnificent Seven”) are in focus, with Alphabet, Meta, Microsoft, Apple, and Amazon set to report this week.
• Nasdaq saw record highs last week, with investors positioning ahead of these reports, which could drive equity market trends.

Crude Oil:
• Oil prices dipped amid reduced fears of supply disruptions from Middle Eastern tensions but rebounded on technical corrections.
• Long-term outlook remains mixed due to slower global growth and EV adoption, with geopolitical tensions in the Middle East as a potential catalyst for further changes.

For more insights and analysis, read the trade of the day here:
Gold Rally Ahead of the U.S. Election

🇯🇵 Yen Struggles: Political Uncertainty Looms! 📉

Japan's recent elections have thrown Prime Minister Shigeru Ishiba and his ruling coalition into turmoil, with the Liberal Democratic Party losing its majority. This shift raises questions about the Bank of Japan's ability to pursue rate hikes needed to combat inflation and align with global trends.

🔍 As political instability increases, the chances for aggressive monetary policy shifts may dwindle, potentially affecting the yen's stability. Investors are watching closely as market sentiment evolves.

💡 Outlook: With ongoing political changes, the yen may face challenges, especially against the U.S. dollar. Stay tuned for updates!

For more insights and analysis, read the trade of the day here:
Japanese Yen Plunged Amid Political Uncertainty

Market Recap - 28/10/24 📊✨
U.S. Dollar:
• Dollar Index maintains strength, supported by a 40-basis-point rise in the 10-year Treasury yield in October.
• Investors are focused on the upcoming U.S. presidential election and Fed’s November meeting, with Nonfarm Payrolls and unemployment reports anticipated to impact dollar movement.

Gold Market:
• Gold prices remain bullish due to geopolitical tensions and U.S. election uncertainty.
• Upcoming U.S. economic data (Nonfarm Payrolls, Core PCE, GDP) expected to increase volatility and sustain safe-haven demand for gold.

Japanese Yen:
• Japan’s election outcome weakens yen as diminished political support limits potential hawkish shift by the Bank of Japan.
• Investors lean toward currencies with stronger rate hike outlooks, like the U.S. dollar, adding downward pressure on the yen.

Crude Oil:
• Oil prices dip as Israel’s strike on Iran avoids direct impact on oil infrastructure, lowering immediate supply concerns.
• Middle East geopolitical developments remain key, with potential for further volatility based on escalation or de-escalation efforts.

For more insights and analysis, read the full report here:
Yen Capitulate Amid Political Uncertainty 🪙📈

🚀 Tesla’s Big Leap! 🚀
Tesla shares soared by nearly 22% on Thursday, marking the biggest single-day gain in over a decade! 🥂💰

With nearly $150 billion added to Tesla’s market value, Elon Musk’s forecast for 20-30% sales growth in 2025 is reigniting investor confidence. 🌍⚡ Musk also hinted at lower production costs and a new affordable EV set to launch by the first half of 2025! 📈

Tesla is charging forward on its growth journey! ⚡🔋

Trade of the Day: Gold
Gold is testing a key resistance level amid risk-off sentiment, driven by global uncertainty. Traders are watching closely for a potential breakout that could indicate further bullish momentum. Key technical levels are in focus, with opportunities for strategic entries.

For more insights and analysis, read the full report here:
Gold Testing Resistance, Potential Breakout Amid Risk-Off Sentiment 🪙📈

Short Market Recap (25/10/24)
📉 Dollar Index:
• Dollar Index retreats slightly as 10-year Treasury yields pull back.
• Strong US data: new home sales 📈 exceed expectations, jobless claims fall 📉.

🥇 Gold Market:
• Gold prices dip 📉 as risk appetite strengthens due to solid US data 💹
• Long-term outlook remains positive 📊, supported by geopolitical tensions 🌍 and the upcoming US election 🗳️.

🛢️ Crude Oil:
• Oil prices retreat 📉 due to global economic concerns and growing EV demand 🚗⚡.
• IMF deems China’s fiscal stimulus insufficient to address deflation risks 🚨.
• Eurozone contracts 📉 and UK business optimism declines 🇬🇧.

📈 US Equities:
• US equities rebound 🔄, driven by lower Treasury yields and strong corporate earnings 💼.
• Tesla surges 🚀 22% on positive Q3 results and news of an affordable EV next year ⚡.
• 81% of S&P 500 companies have beaten earnings estimates so far 📊.

For more insights and analysis, read the full report here:
BoJ Signal No Rate Hike Next Week

🧑‍💻 Trade of the Day (24/10/2024)

: 🇬🇧 Pound Sterling

The British pound has continued to decline, hitting a ten-week low as dovish sentiment and growing expectations of a Bank of England (BoE) rate cut in November put pressure on the currency. Falling consumer and producer inflation figures, along with weak labor market data in the UK, are driving forecasts that the BoE may reduce rates by 25 basis points next month, with another quarter-point cut potentially following in December. BoE Governor Andrew Bailey recently emphasized the need for the central bank to improve its oversight of the less transparent non-banking sector.

Click on the link below to read in full
Pound Sterling Declines as Likelihood of BoE Rate Cut Rises

🔔 Market Recap (24/10/2024)

💲U.S. Dollar:
-Dollar index rises on the back of increasing U.S. Treasury yields.
-Fed officials’ cautious stance on rate cuts and positive U.S. economic data support the dollar.

💰Gold Market:
-Gold prices decline as rising U.S. Treasury yields reduce demand for safe-haven assets.
-U.S. Beige Book shows economic growth, adding pressure on gold prices.

🇨🇦 Canadian Dollar:
-Canadian dollar remains flat following the Bank of Canada's 50-basis-point rate cut, as the move was widely expected.
-Future policy decisions by the Bank of Canada remain data-dependent.

🛢Crude Oil:
Oil prices rebound due to technical corrections and stronger U.S. economic prospects.
U.S. economic data showing stability in hiring and consumer spending helped lift crude prices.

Click here to find out more.

Trade of the Day: EUR/USD
The Euro extended its losses following dovish remarks from the ECB, which further weighed on the EUR/USD pair. Traders are closely watching key support and resistance levels as the Euro faces downward pressure.

For detailed insights and potential trade setups, read the full analysis here:
Euro Extends Losses on Dovish ECB Remarks 💶📉

Market Recap - 23/10/24 📊✨
U.S. Dollar:
• Dollar surged to a 2.5-month high as expectations for a slower Fed rate cut path grew.
• Investors positioned for the upcoming U.S. election, with a Republican sweep potentially triggering a large dollar rally.
• The dollar has gained in 15 of the last 17 sessions, supported by rising U.S. Treasury yields and strong economic data.

Gold Market:
• Gold prices remain strong amid heightened Middle East tensions and U.S. election uncertainty.
• Safe-haven demand for gold continues, with market participants concerned about potential tariffs and volatility in the event of a Trump win.

Crude Oil:
• Oil prices dipped after U.S. crude inventories rose more than expected, with a 1.64 million-barrel increase reported by the American Petroleum Institute.
• Ongoing Middle East tensions are also influencing market sentiment, as diplomatic efforts continue amid Israel's conflict with Gaza and Lebanon.

To read in detail, please click on the title below
U.S Dollar Jumps on Heightens Treasury Yield

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Trade of the Day: Crude Oil
Oil prices slipped as the outlook for global demand remained weak, particularly amid concerns over slower economic growth. Traders are focusing on key support and resistance levels, considering potential bearish momentum. For detailed analysis and insights, check out the full report here:

Oil Slips as Demand Outlook Remains Weak 🛢️📉

Market Recap - 22/10/24 📊✨
U.S. Dollar:
• U.S. bond yields rose, supporting the dollar as solid economic data reduced expectations for aggressive Fed rate cuts.
• The dollar has climbed for three consecutive weeks, with markets pricing in an 87% chance of a 25-bps rate cut at the Fed's November meeting.
• Investors are closely watching the Nov. 5 presidential election for its potential impact on the dollar.

Gold Market:
• Gold prices saw increased safe-haven demand due to Middle East tensions and U.S. election uncertainty.
• However, profit-taking has temporarily paused gains in the gold market, despite the overall upward trend over the last five trading days.

EUR:
• The euro weakened after the ECB cut rates for the third time this year, with falling European inflation pushing investors toward the stronger dollar.
• German producer prices fell more than expected due to declining energy costs, further favoring the dollar over the euro.

Crude Oil:
• Oil prices rebounded slightly on bargain buying and technical corrections.
• Despite the rebound, pessimistic demand outlooks persist, with concerns over China's slow economic growth and Middle East tensions continuing to influence the market.

To read in detail, please click on the title below
Dollar Stays Strong as U.S. Election is Approaching

👩‍💻 Trade of the day (21/10/2024)

: 💹 USD/JPY

Greenback Pause: The USD/JPY has faced selling pressure as the U.S. dollar retreated following a period of significant gains. On the Japanese side, the National Core Consumer Price Index (CPI), which excludes volatile food and energy prices, climbed to 2.1% in September, up from 2% in August. Rising inflation has reinforced expectations that the Bank of Japan (BoJ) may raise interest rates further this year. However, the outlook for the U.S. dollar remains strong, with investors anticipating that the Federal Reserve (Fed) will take a moderate approach to cutting interest rates. Traders have ruled out the possibility of a large Fed rate cut in November, as a series of positive U.S. economic data highlights continued resilience. The CME FedWatch tool indicates that 30-day Federal Funds futures are pricing in a total of 50 basis points (bps) of rate cuts by year-end, suggesting 25 bps reductions in both November and December.

To read in detail, please click on the title below
Yen Rose As Dollar Rally Halts

🧭 Market Recap (21/10/2024)

💲U.S. Dollar:
-Dollar Index experienced a slight pullback due to technical corrections and profit-taking.
-Investor confidence remains strong, driven by expectations of a Trump presidency and its potential dollar-positive policies.
-Robust U.S. economic data supports a positive outlook for the dollar.
-Key upcoming event: release of the Fed’s Beige Book on Wednesday for insights into future policy moves.

💰Gold Market:
-Gold prices are trending higher, fueled by rising market volatility and safe-haven demand.
-The IMF warns that global public debt is expected to exceed $100 trillion by year-end, raising concerns about fiscal capacity and potential market reactions.
-Ongoing market volatility and the upcoming U.S. presidential election continue to enhance gold's appeal.

📊 U.S. Equities:
-U.S. equity market outlook remains resilient, supported by better-than-expected corporate earnings.
-Tesla will initiate the earnings season for the "Magnificent Seven" tech companies, with market participants closely watching upcoming reports.

🛢Crude Oil Market:
-Oil prices remain under pressure after a decline of around 7% last week.
-Brent crude settled more than 7% lower, while U.S. crude futures dropped 8%, marking the biggest weekly declines since early September.
-Concerns over demand from top importer China and ongoing Middle East tensions weigh heavily on the market.
-China’s third-quarter economic growth slowed to its lowest since early 2023, despite better-than-expected consumption and industrial output figures in September.

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Trade of the Day: GBP/USD
The British Pound is struggling due to stronger-than-expected U.S. economic data, which has bolstered the U.S. Dollar. This has put pressure on the GBP/USD pair, with traders closely monitoring key support and resistance levels for potential moves.

For detailed analysis and strategies, read the full report here:
Pound Sterling Struggles Following Upbeat U.S. Data 💷📉

Happy Friday ❤️ Here's short market recap for the week !

Market Recap - 18/10/24 📊✨
U.S. Dollar:
• Dollar Index extended gains, supported by robust U.S. economic data.
• Core Retail Sales increased from 0.2% to 0.5%, surpassing expectations of 0.1%.
• Philadelphia Fed Manufacturing Index reported at 10.3, significantly above the forecast of 4.2.
• Initial Jobless Claims matched expectations at 241K, contributing to rising U.S. Treasury yields and dampening aggressive rate cut speculation.

Gold Market:
• Gold prices climbed amid escalating geopolitical risks in the Middle East.
• The death of Hamas leader Yahya Sinwar heightened concerns, boosting demand for safe-haven assets.
• Although gold gains are supported by geopolitical tensions, a stronger U.S. dollar limits further increases.

U.S. Equities:
• U.S. equity markets remained steady amidst mixed earnings reports.
• S&P 500 and Nasdaq 100 showed little change, while the Dow Jones increased by 0.4%.
• Nvidia rose following an optimistic forecast from Taiwan Semiconductor, while Travelers Cos. jumped 9% after reporting a profit increase.
• Elevance Health Inc. fell 11% after lowering its annual forecast; Netflix rallied after surpassing subscriber growth estimates.

Oil Market:
• Crude oil prices edged higher, supported by a surprise drop in U.S. oil inventories and ongoing Middle East tensions.
• Despite these factors, crude prices are set for their largest weekly decline in over a month.
• EIA data indicated declines in U.S. crude oil, gasoline, and distillate inventories, but weakening demand forecasts from OPEC and the IEA dragged Brent and WTI prices down about 6% for the week.

For a full analysis and trading insights, check out the report here:
Gold Surge to New High Amid Intensify Geopolitical Risk

Market Recap - 17/10/24 📊✨
U.S. Dollar:
• U.S. Dollar hit an 11-week high, driven by expectations of limited Fed rate cuts.
• Investors see Trump’s proposed policies (tax cuts, looser regulations, tariffs) as dollar-positive.
• Potential tariffs may weaken Asian and European currencies, further supporting the dollar.

Gold Market:
• Gold advanced toward record highs, supported by falling U.S. Treasury yields.
• Low bond yields and expectations of central bank rate cuts bolstered gold's safe-haven appeal.
• Geopolitical tensions also provided ongoing support for gold prices.

Oil Market:
• Oil prices rebounded after data showed a surprise drop in U.S. crude stockpiles.
• Gasoline and distillate inventories also fell, further supporting oil’s recovery.
• Despite gains, oil benchmarks remain down 6-7% for the week due to weaker demand forecasts.

Pound Sterling:
• Pound Sterling slumped following weaker-than-expected UK inflation and wage growth data.
• UK CPI fell to 1.7%, below the forecast of 1.9%, while wage growth slowed to 4.9%.
• Poor economic performance diminished the appeal of the British pound.

For a full analysis and trading insights, check out the report here:
Dow Jones Set New High on Earnings Optimism

Trade of the Day: AUD/USD
The Australian Dollar plunged amid ongoing concerns over China's economic outlook, which continues to impact the Aussie negatively. Key support and resistance levels are highlighted as traders assess potential downside risks.

For a full analysis and trading insights, check out the report here:
Aussie Dollar Plunged Amid Ongoing Concerns on China 📉🇦🇺

Market Recap - 16/10/24 📊✨
Dollar Index:
• Dollar Index extended gains due to stronger U.S. economic data.
• Fed expected to slow pace of rate cuts following resilient inflation and economic reports.
• Dollar strength driven by expectations of smaller-than-expected Fed rate cuts.

Gold:
• Gold prices consolidated near record highs amid cautious investor sentiment.
• Strong U.S. dollar has limited gold’s upside, despite geopolitical tensions.
• U.S. elections and Middle East tensions could increase volatility in gold markets.

Crude Oil:
• Oil prices dropped as fears of supply disruptions in the Middle East eased.
• China’s oil imports declined for the fifth consecutive month, raising demand concerns.
• OPEC lowered its oil demand forecast for the third straight month.

U.S. Stock Market:
• U.S. equities fell, with S&P 500 down 1% and Nasdaq 100 down 1.4%.
• Semiconductor stocks dropped due to U.S. restrictions on chip sales and ASML’s downgraded forecast.
• Nvidia shares fell 4.5% amid potential caps on AI chip sales to certain countries.


For more details and potential trading strategies, check out the full analysis here:
Gold Price Soar on Geopolitical Tension

Market Alert 📊✨✨
The Pound Sterling slid sharply following the release of the UK CPI data, which came in lower than expected at 1.7% YoY, marking the lowest inflation rate since 2021. This softer inflation reading has increased market expectations that the Bank of England (BoE) may soon opt to cut interest rates to stimulate the economy. As a result, the Pound Sterling has fallen to its monthly low against the U.S. dollar.

Trade of the Day: NZD/USD
The New Zealand Dollar slipped due to weak Chinese economic data and a stronger U.S. Dollar, which weighed on the Kiwi. Traders are eyeing support and resistance levels as sentiment remains bearish.

For more details and potential trading strategies, check out the full analysis here:
Kiwi Slips as China Data, US Dollar Weigh 📉🇳🇿

Market Recap - 15/10/24 📊✨
Dollar Index:
• Dollar Index extends gains, testing strong resistance levels.
• Strong U.S. economic data, including CPI and jobs report, dampens expectations for aggressive Fed rate cuts.
• Fed policy and upcoming economic data remain key to assessing future dollar movements.

U.S. Equities:
• U.S. stock futures steady after tech-driven rally pushed Wall Street to record highs.
• NVIDIA, Apple, Alphabet, and Microsoft all posted gains.
• Investors shift focus to upcoming earnings reports and economic readings.

Gold:
• Gold prices retreat as a stronger dollar and U.S. economic performance weigh on demand.
• Profit-taking and technical corrections follow recent highs.
• Middle East geopolitical tensions support safe-haven demand for gold.

Oil:
• Oil prices dip after OPEC lowers its global oil demand growth outlook for 2024-2025.
• Geopolitical tensions rise as Israel signals potential military strikes on Iranian targets.

For detailed insights and strategies, read the full analysis here:
Wall Street Bullish as Market Confidence on Earnings Performance

Trade of the Day: EUR/USD
The Euro continues to weaken against the Dollar following strong U.S. PPI data, which supports a firmer greenback. Traders are focusing on key support and resistance levels amid bearish sentiment for the Euro.

For detailed insights and strategies, read the full analysis here:
Euro Extends Losses Following Strong U.S. PPI 💶📉

Market Recap - 14/10/24 📊✨
Dollar Index:
• Dollar Index fluctuates amid mixed economic data.
• Strong CPI and jobs reports contrast with a weaker PPI reading, leading to speculation on cautious Fed rate cuts.
• Investors await earnings reports and retail sales data for further direction.

Gold:
• Gold is set to end the week slightly lower as a smaller 25-basis-point Fed rate cut is anticipated.
• CPI inflation supports price pressures, but rising jobless claims reduce rate cut expectations.
• Middle East tensions continue to support gold as a safe-haven asset.

Oil:
• Oil prices dip due to profit-taking and technical corrections.
• Concerns over Middle East tensions, especially potential disruptions to Iranian oil supply, keep the market volatile.
• IEA revises down oil demand forecast, citing slower growth in China and EV adoption.

U.S. Equities:
• U.S. equity market remains positive ahead of key earnings reports.
• JPMorgan Chase and Wells Fargo beat expectations, fueling optimism.
• Netflix's upcoming earnings report, especially subscriber metrics, is a key focus for insights into consumer spending trends.

For detailed analysis and trade insights, read more here:
Dollar Holds Firm, But Will the Strength Persist?

Trade of the Day: Gold
Gold prices remained strong despite higher-than-expected U.S. CPI data, as geopolitical tensions fueled safe-haven demand. Traders are watching key support and resistance levels closely, with ongoing uncertainty potentially driving further volatility.

For detailed analysis and trade insights, read more here:
Gold Defies Strong CPI on Geopolitical Fears 🪙🌍

Short Market Recap (11/10/24)
____________________________________
Dollar Index 📈💵
• Volatile after hotter-than-expected U.S. inflation data.
• CPI up by 0.20% in Sept. (vs. 0.10% expected), boosting Treasury yields.
• Gains capped as Initial Jobless Claims rose to 258K, sparking profit-taking.

Gold 📉🪙➡️📈
• Dropped initially on inflation news, then rebounded as a safe haven amid Middle East tensions.
• Israeli airstrikes in Beirut boosted gold’s appeal as a hedge against global risks.
• Mixed data signals potential for more volatility as markets assess Fed policy.

Oil 🚀🛢️
• Prices spiked with Middle East tensions and Hurricane Milton approaching Florida.
• Supply concerns rose with potential Iranian oil facility strikes.

For a full analysis and trade insights, read more here:
Oil Prices Surge on Heightened Geopolitical Tension

Trade of the Day: Crude Oil
Oil prices declined as U.S. crude inventories saw an unexpected build, indicating a potential oversupply. This has put downward pressure on prices, with key support and resistance levels now under scrutiny.

For detailed insights and trading strategies, check out the full analysis here: Oil Price Slips as US Crude Stock Build 🛢️📉

Market Recap - 10/10/24 📊✨
Dollar Index:
• Dollar Index extends gains ahead of U.S. CPI release.
• Breakout above key resistance, but momentum may slow due to dovish FOMC minutes.
• Investors await CPI and PPI data to determine the Fed's next move, with expectations shifting between 25- and 50-basis-point cuts.

Gold:
• Gold rebounded after dovish FOMC minutes but resumed a bearish trend.
• Anticipation of U.S. CPI and PPI reports weighs on gold as the dollar strengthens.
• Inflation data is expected to influence gold's near-term direction.

Oil:
• Oil prices rise on supply concerns from Middle East tensions and Hurricane Milton.
• Israel's potential targeting of Iranian oil infrastructure adds geopolitical risks.
• Any easing of tensions or storm impact could shift market sentiment.

Australian Dollar (AUD):
• AUD weakens due to disappointment over China’s limited stimulus measures.
• The modest rise in the U.S. Dollar further pressures AUD/USD.
• RBA's hawkish minutes offer limited support amid concerns over China's economy.

For a full analysis and trade insights, read more here:
Wall Street Bullish on Tech Rally🌍

Trade of the Day: USD/JPY
The USD/JPY pair strengthened as the U.S. Dollar gained on weak Japanese economic data, which has further weighed on the Yen. Key levels are in focus as traders assess potential upward momentum. For more insights and trading strategies,

read the full analysis here:
USD/JPY Gains on Firm Dollar, Weak Japan Data 💴📈

Market Recap - 09/10/24 📊✨
Dollar Index:
• The Dollar Index holds near a strong resistance level as aggressive rate cut expectations ease.
• An 87% chance is priced for a 25-basis-point cut at the Fed’s November meeting.
• U.S. CPI data and Fed September meeting minutes are key upcoming events influencing market sentiment.

Gold:
• Gold prices broke below the 2630 support level, marking five consecutive days of decline.
• Strong U.S. labor data and reduced rate cut expectations drive bearish momentum.
• U.S. CPI and PPI reports, along with Fed minutes, will be pivotal for gold’s direction.

Oil:
• Oil prices fell due to profit-taking and news of potential ceasefire talks between Hezbollah and Israel.
• U.S. crude inventories surged by 10.9 million barrels, intensifying bearish sentiment.
• Middle East tensions keep oil market volatility high despite the decline.

Japanese Yen:
• The yen weakens as BoJ rate hike expectations diminish following weak consumer spending data.
• The yen struggles amid a stronger U.S. Dollar and dovish outlook for Japan’s monetary policy.

For a full analysis and trade insights, read more here:
Gold Prices Plunge on Fed’s Hawkish Prospect 🛢️🌍

Trade of the Day: Crude Oil
Oil prices surged amid escalating geopolitical tensions, particularly in the Middle East, which raised concerns about supply disruptions. With heightened volatility, traders are closely monitoring support and resistance levels to gauge potential moves.

For a full analysis and trade insights, read more here:
Oil Prices Bolster by Heightened Geopolitical Tension 🛢️🌍

Market Recap - 08/10/24 📊✨
Dollar Index:
• The Dollar Index remains strong, buoyed by robust U.S. jobs data.
• Investors reduce expectations for aggressive rate cuts, placing an 85% likelihood on a 25-basis point cut.
• U.S. Treasury yields rise for the first time in two months, reflecting the market's adjusted outlook.

Gold:
• Gold prices remain flat amid mixed fundamentals and cautious investor sentiment.
• Middle East tensions support gold as a safe-haven asset, but the strong U.S. dollar limits upside potential.
• U.S. CPI, PPI, and Fed meeting minutes could influence gold’s next move.

Oil:
• Oil prices slip due to profit-taking despite heightened volatility from Middle East tensions.
• Hurricane Milton’s approach to the Gulf of Mexico raises concerns about U.S. oil production disruptions.

U.S. Equities:
• U.S. equities retreat sharply, pressured by rising Treasury yields above 4%.
• Investors await earnings reports from major banks to assess the economic outlook.

For a detailed analysis, check the full report here:
Oil Prices Bolster by Heighten Geopolitical Tension 📊🪙

Trade of the Day: Gold
Gold prices retreated as strong U.S. economic data lowered expectations for a large rate cut. Investors are now anticipating a smaller rate reduction, impacting gold demand. Key support and resistance levels are in focus, offering potential trade opportunities.

For a detailed analysis, check the full report here:
Gold Retreats as Strong US Data Hint at Small Rate Cut 📊🪙