The 2024 US presidential election has significant implications for the cryptocurrency market. Donald Trump's policies and stance on crypto regulation could impact the market's trajectory. Historically, Trump has been seen as a pro-crypto candidate, and his administration's deregulation policies might have boosted the crypto market ¹. *Key Areas of Impact:* - _Regulation_: Trump's administration might have led to a more relaxed regulatory environment for cryptocurrencies, potentially boosting innovation and growth. - _Taxation_: Changes in tax policies could affect crypto investors and traders. - _Mainstream Integration_: Trump's pro-crypto stance might have increased mainstream adoption and acceptance. *Potential Market Reactions:* - A Trump victory could lead to increased investor confidence and a potential rally in crypto markets. - A Democratic victory might result in stricter regulations, potentially impacting market sentiment. *Current Market Sentiment:* As of November 4, 2024, Bitcoin's value was around $67,874, with some predicting a potential rally or decline based on the election outcome ¹. Keep in mind that the cryptocurrency market is highly volatile, and election outcomes are unpredictable. It's essential to stay informed and consider multiple perspectives when making investment decisions.

The 2024 US presidential election has significant implications for the cryptocurrency market. Donald Trump's policies and stance on crypto regulation could impact the market's trajectory. Historically, Trump has been seen as a pro-crypto candidate, and his administration's deregulation policies might have boosted the crypto market ¹. *Key Areas of Impact:* - _Regulation_: Trump's administration might have led to a more relaxed regulatory environment for cryptocurrencies, potentially boosting innovation and growth. - _Taxation_: Changes in tax policies could affect crypto investors and traders. - _Mainstream Integration_: Trump's pro-crypto stance might have increased mainstream adoption and acceptance. *Potential Market Reactions:* - A Trump victory could lead to increased investor confidence and a potential rally in crypto markets. - A Democratic victory might result in stricter regulations, potentially impacting market sentiment. *Current Market Sentiment:* As of November 4, 2024, Bitcoin's value was around $67,874, with some predicting a potential rally or decline based on the election outcome ¹. Keep in mind that the cryptocurrency market is highly volatile, and election outcomes are unpredictable. It's essential to stay informed and consider multiple perspectives when making investment decisions.

GBP/USD clears 100-day SMA; aims for October’s 30 high of 1.3047. Buyers may push toward 1.3100, with 50-day SMA resistance at 1.3118. Failure to hold 1.3000 could see the pair retreat to 1.2908 support level. The Pound Sterling advanced against the Greenback during the North American session, with buyers reclaiming the 1.3000 figure and clearing the 100-day Simple Moving Average (SMA) resistance at 1.2982. At the time of writing, the GBP/USD trades at 1.3011, up by 0.43%. GBP/USD Price Forecast: Technical outlook After briefly consolidating on Monday, the GBP/USD cleared the 1.3000 figure, though it remains slightly tilted to the downside. Buyers would need to regain October’s 30 swing high of 1.3047 to take control and push the pair toward 1.3100. Once done and those levels are removed, the next resistance would be the 50-day SMA at 1.3118. On the other hand, sellers would need to drag the GBP/USD below 1.3000 and the 100-day SMA for a bearish resumption. In that outcome, the next support would be the October 24 and 25 low of 1.2908, followed by the October 31 pivot low of 1.2843 ahead of the 200-day SMA at 1.2810. Oscillators suggest that bulls are gathering steam, with the Relative Strength Index (RSI) aiming up. However, it remains shy of cracking its 50 neutral line. Therefore, caution is warranted.

GBP/USD clears 100-day SMA; aims for October’s 30 high of 1.3047. Buyers may push toward 1.3100, with 50-day SMA resistance at 1.3118. Failure to hold 1.3000 could see the pair retreat to 1.2908 support level. The Pound Sterling advanced against the Greenback during the North American session, with buyers reclaiming the 1.3000 figure and clearing the 100-day Simple Moving Average (SMA) resistance at 1.2982. At the time of writing, the GBP/USD trades at 1.3011, up by 0.43%. GBP/USD Price Forecast: Technical outlook After briefly consolidating on Monday, the GBP/USD cleared the 1.3000 figure, though it remains slightly tilted to the downside. Buyers would need to regain October’s 30 swing high of 1.3047 to take control and push the pair toward 1.3100. Once done and those levels are removed, the next resistance would be the 50-day SMA at 1.3118. On the other hand, sellers would need to drag the GBP/USD below 1.3000 and the 100-day SMA for a bearish resumption. In that outcome, the next support would be the October 24 and 25 low of 1.2908, followed by the October 31 pivot low of 1.2843 ahead of the 200-day SMA at 1.2810. Oscillators suggest that bulls are gathering steam, with the Relative Strength Index (RSI) aiming up. However, it remains shy of cracking its 50 neutral line. Therefore, caution is warranted.

Forex is 80% mental, 20% technical. You can have the best strategy in the world, but without discipline and emotional control, it's tough to stay profitable.

Forex is 80% mental, 20% technical. You can have the best strategy in the world, but without discipline and emotional control, it's tough to stay profitable.

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,412.06 Indian Rupees (INR) per gram, down compared with the INR 7,424.86 it cost on Tuesday. The price for Gold decreased to INR 86,452.76 per tola from INR 86,602.09 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 7,412.06 10 Grams 74,125.16 Tola 86,452.76 Troy Ounce 230,529.10 FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Related news Gold Price Forecast: $2,750 - a tough nut to crack, as focus stays on US election results Gold price remains below $2,750 as USD and bond yields surge on Trump enthusiasm Gold price bulls remain on the sidelines, around $2,740 after early US election results

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 7,412.06 Indian Rupees (INR) per gram, down compared with the INR 7,424.86 it cost on Tuesday. The price for Gold decreased to INR 86,452.76 per tola from INR 86,602.09 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 7,412.06 10 Grams 74,125.16 Tola 86,452.76 Troy Ounce 230,529.10 FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Related news Gold Price Forecast: $2,750 - a tough nut to crack, as focus stays on US election results Gold price remains below $2,750 as USD and bond yields surge on Trump enthusiasm Gold price bulls remain on the sidelines, around $2,740 after early US election results

Forex trading has made me realize: sometimes, doing nothing is better than taking a trade out of FOMO. Missed opportunities don't hurt as much as bad trades.

Forex trading has made me realize: sometimes, doing nothing is better than taking a trade out of FOMO. Missed opportunities don't hurt as much as bad trades.

One tip that really changed my trading game was 'Don't chase the market.' FOMO (Fear of Missing Out) is real in forex. It's tempting to jump in after a price movement, but waiting for the right setup is key. Patience and discipline are your best allies in this market! 💹📉"

One tip that really changed my trading game was 'Don't chase the market.' FOMO (Fear of Missing Out) is real in forex. It's tempting to jump in after a price movement, but waiting for the right setup is key. Patience and discipline are your best allies in this market! 💹📉"

Donald Trump's election had a significant impact on the foreign exchange (forex) market. Historically, US elections have been periods of increased uncertainty and volatility in currency markets ¹. Trump's protectionist trade policies and fiscal stimulus plans contributed to this volatility. *Key Factors Influencing the Forex Market:* - _Trade Policy_: Trump's tariffs on imports, particularly from China, strengthened the US dollar, as investors sought the perceived safety of the US economy amid global trade tensions ¹. - _Fiscal Policy and Spending_: Trump's tax cuts and increased government spending on infrastructure and defense boosted economic activity and strengthened the US dollar in the short term ¹. - _Monetary Policy and Federal Reserve Influence_: Trump's influence on the Federal Reserve's decisions led to a more dovish monetary policy stance, potentially weakening the dollar in the long term ¹. - _Geopolitical Strategy_: Trump's aggressive foreign policy increased geopolitical tensions, causing investors to flock to safe-haven assets like the US dollar ¹. *Potential Scenarios and Their Market Implications:* - _A Trump Victory_: Initially strengthened the US dollar due to his support for higher tariffs and protectionist trade measures ¹. - _A Democratic Victory_: Weakened the dollar's safe-haven appeal due to reduced trade tensions and a focus on diplomacy ¹. To navigate the complexities of the forex market during volatile periods, consider engaging with financial institutions that offer hedging strategies, such as forward contracts, to mitigate the risk of adverse currency movements ¹. Staying informed about polling data, policy announcements, and geopolitical developments can also help investors make timely decisions ¹.

Donald Trump's election had a significant impact on the foreign exchange (forex) market. Historically, US elections have been periods of increased uncertainty and volatility in currency markets ¹. Trump's protectionist trade policies and fiscal stimulus plans contributed to this volatility. *Key Factors Influencing the Forex Market:* - _Trade Policy_: Trump's tariffs on imports, particularly from China, strengthened the US dollar, as investors sought the perceived safety of the US economy amid global trade tensions ¹. - _Fiscal Policy and Spending_: Trump's tax cuts and increased government spending on infrastructure and defense boosted economic activity and strengthened the US dollar in the short term ¹. - _Monetary Policy and Federal Reserve Influence_: Trump's influence on the Federal Reserve's decisions led to a more dovish monetary policy stance, potentially weakening the dollar in the long term ¹. - _Geopolitical Strategy_: Trump's aggressive foreign policy increased geopolitical tensions, causing investors to flock to safe-haven assets like the US dollar ¹. *Potential Scenarios and Their Market Implications:* - _A Trump Victory_: Initially strengthened the US dollar due to his support for higher tariffs and protectionist trade measures ¹. - _A Democratic Victory_: Weakened the dollar's safe-haven appeal due to reduced trade tensions and a focus on diplomacy ¹. To navigate the complexities of the forex market during volatile periods, consider engaging with financial institutions that offer hedging strategies, such as forward contracts, to mitigate the risk of adverse currency movements ¹. Staying informed about polling data, policy announcements, and geopolitical developments can also help investors make timely decisions ¹.

ed its interest rate in November as expected. Market focus now shifts to Chairman Jerome Powell's presser Close alert Silver Price Forecast: XAG/USD trades below $32.50, nine-day EMA NEWS | 11/06/2024 09:25:10 GMT | By Akhtar Faruqui Silver price may depreciate toward the psychological level of $32.00. Immediate resistance appears around the nine- and 14-day EMAs at the $32.83 and $32.84 levels, respectively. The nine-day EMA is aligned with the 14-day EMA; a downward crossover would indicate a weakening of short-term momentum. Silver price (XAG/USD) depreciates to near $32.20 during the European session on Wednesday. The daily chart analysis indicates a potential shift in momentum from bullish to bearish, as the nine-day Exponential Moving Average (EMA) aligns with the 14-day EMA. A downward crossover here would signal weakening short-term momentum. Additionally, the 14-day Relative Strength Index (RSI) is consolidating just below the 50 level, indicating an ongoing bearish bias. However, traders would like to see further movement to gain a clear trend direction for the XAG/USD pair.

ed its interest rate in November as expected. Market focus now shifts to Chairman Jerome Powell's presser Close alert Silver Price Forecast: XAG/USD trades below $32.50, nine-day EMA NEWS | 11/06/2024 09:25:10 GMT | By Akhtar Faruqui Silver price may depreciate toward the psychological level of $32.00. Immediate resistance appears around the nine- and 14-day EMAs at the $32.83 and $32.84 levels, respectively. The nine-day EMA is aligned with the 14-day EMA; a downward crossover would indicate a weakening of short-term momentum. Silver price (XAG/USD) depreciates to near $32.20 during the European session on Wednesday. The daily chart analysis indicates a potential shift in momentum from bullish to bearish, as the nine-day Exponential Moving Average (EMA) aligns with the 14-day EMA. A downward crossover here would signal weakening short-term momentum. Additionally, the 14-day Relative Strength Index (RSI) is consolidating just below the 50 level, indicating an ongoing bearish bias. However, traders would like to see further movement to gain a clear trend direction for the XAG/USD pair.

Successful trading isn't just about winning trades – it's about mastering patience, discipline, and risk management. 💯 Don’t rush; find a strategy that suits you and stick to it.

Successful trading isn't just about winning trades – it's about mastering patience, discipline, and risk management. 💯 Don’t rush; find a strategy that suits you and stick to it.

Forex is like chess. Every move needs strategy, every risk requires thought, and every loss teaches you a lesson. ♟️ Stay patient, stay disciplined, and keep learning.

Forex is like chess. Every move needs strategy, every risk requires thought, and every loss teaches you a lesson. ♟️ Stay patient, stay disciplined, and keep learning.

Silver breaks below key support levels, including 50-day SMA at $31.27. Daily close below $31.00 may lead to further decline toward 100-day SMA at $30.23. Resistance levels to watch: July 11 high at $31.75 and May 20 peak at $32.51. Silver price slumped sharply on Wednesday after US President Donald Trump wins the 2024 presidential election. Additionally, the Republican party sweep seems likely as they hold the majority in the Senate, while the House of Representatives is still early to be called. The XAGU/USD trades at $31.16, down over 4.50%. XAG/USD Price Forecast: Technical outlook Silver's price uptrend remains in play, even though Trump’s victory boosted the Greenback. Consequently, the XAG/USD tumbled below key support levels, including the 50-day Simple Moving Average (SMA) at $31.27, which opened the door to hit a daily low of $30.84.

Silver breaks below key support levels, including 50-day SMA at $31.27. Daily close below $31.00 may lead to further decline toward 100-day SMA at $30.23. Resistance levels to watch: July 11 high at $31.75 and May 20 peak at $32.51. Silver price slumped sharply on Wednesday after US President Donald Trump wins the 2024 presidential election. Additionally, the Republican party sweep seems likely as they hold the majority in the Senate, while the House of Representatives is still early to be called. The XAGU/USD trades at $31.16, down over 4.50%. XAG/USD Price Forecast: Technical outlook Silver's price uptrend remains in play, even though Trump’s victory boosted the Greenback. Consequently, the XAG/USD tumbled below key support levels, including the 50-day Simple Moving Average (SMA) at $31.27, which opened the door to hit a daily low of $30.84.

Trading isn’t just about technical analysis or chart patterns. It’s about understanding yourself and your own emotional triggers. The market is unpredictable, but you can control your reaction to it.

Trading isn’t just about technical analysis or chart patterns. It’s about understanding yourself and your own emotional triggers. The market is unpredictable, but you can control your reaction to it.

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for excess FX moves if necessary.” Market reaction USD/JPY eased off 154.72, its intraday high, losing 0.11% on the day to trade near 154.50 following these verbal warnings.

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for excess FX moves if necessary.” Market reaction USD/JPY eased off 154.72, its intraday high, losing 0.11% on the day to trade near 154.50 following these verbal warnings.

Risk management is the cornerstone of long-term success in forex. Never risk more than you're willing to lose.

Risk management is the cornerstone of long-term success in forex. Never risk more than you're willing to lose.

Silver remains under some selling pressure on Thursday and hangs near a three-week low. The recent breakdown below key technical levels supports prospects for additional losses. Any attempted recovery might now be seen as a selling opportunity and remain capped. Silver (XAG/USD) trades with negative bias for the second straight day on Thursday and languishes near the $31.00 mark, just above its lowest level since mid-October touched the previous day. From a technical perspective, the overnight decline confirmed a short-term ascending trend-channel breakdown. A subsequent slide below the 50-day Simple Moving Average (SMA) was seen as a fresh trigger for bearish traders. Furthermore, oscillators on the daily chart have been gaining negative traction and suggest that the path of least resistance for the XAG/USD remains to the downside.

Silver remains under some selling pressure on Thursday and hangs near a three-week low. The recent breakdown below key technical levels supports prospects for additional losses. Any attempted recovery might now be seen as a selling opportunity and remain capped. Silver (XAG/USD) trades with negative bias for the second straight day on Thursday and languishes near the $31.00 mark, just above its lowest level since mid-October touched the previous day. From a technical perspective, the overnight decline confirmed a short-term ascending trend-channel breakdown. A subsequent slide below the 50-day Simple Moving Average (SMA) was seen as a fresh trigger for bearish traders. Furthermore, oscillators on the daily chart have been gaining negative traction and suggest that the path of least resistance for the XAG/USD remains to the downside.

LIVE: Fed reduced its interest rate in November as expected. Market focus now shifts to Chairman Jerome Powell's presser Close alert India Gold price today: Gold falls, according to FXStreet data NEWS | 11/07/2024 04:35:24 GMT | By FXStreet Team Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 7,200.05 Indian Rupees (INR) per gram, down compared with the INR 7,209.26 it cost on Wednesday. The price for Gold decreased to INR 83,979.65 per tola from INR 84,087.41 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 7,200.05 10 Grams 72,000.50 Tola 83,979.65 Troy Ounce 223,942.50 FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Related news Gold price loses ground due to solid US Dollar following Trump’s victory Gold Price Forecast: Will Fed Chair Powell rescue XAU/USD? Gold fades as Trump win fuels a US Dollar rally

LIVE: Fed reduced its interest rate in November as expected. Market focus now shifts to Chairman Jerome Powell's presser Close alert India Gold price today: Gold falls, according to FXStreet data NEWS | 11/07/2024 04:35:24 GMT | By FXStreet Team Gold prices fell in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 7,200.05 Indian Rupees (INR) per gram, down compared with the INR 7,209.26 it cost on Wednesday. The price for Gold decreased to INR 83,979.65 per tola from INR 84,087.41 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 7,200.05 10 Grams 72,000.50 Tola 83,979.65 Troy Ounce 223,942.50 FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Related news Gold price loses ground due to solid US Dollar following Trump’s victory Gold Price Forecast: Will Fed Chair Powell rescue XAU/USD? Gold fades as Trump win fuels a US Dollar rally

Forex trading is a journey, not a destination. Don't expect to get rich overnight. Consistent small gains add up over time.

Forex trading is a journey, not a destination. Don't expect to get rich overnight. Consistent small gains add up over time.

Trump’s election could bring volatility to the forex market, especially for the U.S. dollar. Key factors include: 1. USD Volatility: Market reactions to his policies could cause fluctuations in the dollar. 2. Risk Sentiment: Isolationist or trade-tension policies might push traders toward safe-haven currencies like JPY or CHF. 3. Interest Rate Impact: His policies could influence Federal Reserve decisions on rate hikes, affecting the dollar's strength. 4. Trade Relationships: Changes to trade agreements or tariffs could impact currency pairs related to affected regions. 5. Economic Growth & Inflation: Growth-focused policies may spur inflation, impacting interest rates and forex. In short, Trump’s policies might lead to a period of volatility and adjustment in the forex market.

Trump’s election could bring volatility to the forex market, especially for the U.S. dollar. Key factors include: 1. USD Volatility: Market reactions to his policies could cause fluctuations in the dollar. 2. Risk Sentiment: Isolationist or trade-tension policies might push traders toward safe-haven currencies like JPY or CHF. 3. Interest Rate Impact: His policies could influence Federal Reserve decisions on rate hikes, affecting the dollar's strength. 4. Trade Relationships: Changes to trade agreements or tariffs could impact currency pairs related to affected regions. 5. Economic Growth & Inflation: Growth-focused policies may spur inflation, impacting interest rates and forex. In short, Trump’s policies might lead to a period of volatility and adjustment in the forex market.

Forex trading can be unpredictable, but it’s all about staying disciplined. Stick to your plan, manage your risk, and don’t let a few bad trades derail your whole strategy.

Forex trading can be unpredictable, but it’s all about staying disciplined. Stick to your plan, manage your risk, and don’t let a few bad trades derail your whole strategy.

WTI price may find immediate support at the nine-day EMA at $70.72, aligned with the 14-day EMA at $70.62. If the 14-day RSI falls below the 50 level, it could signal the start of a bearish trend. WTI price may find resistance to re-entering the ascending channel. West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $71.40 per barrel during the early European hours on Thursday. The technical analysis of a daily chart indicates a weakening bullish bias as the pair has broken below the ascending channel pattern. However, the 14-day Relative Strength Index (RSI) consolidates just above the 50 level, indicating a bullish bias is still in play. A break below the 50 mark would cause an emergence of a bearish trend.

WTI price may find immediate support at the nine-day EMA at $70.72, aligned with the 14-day EMA at $70.62. If the 14-day RSI falls below the 50 level, it could signal the start of a bearish trend. WTI price may find resistance to re-entering the ascending channel. West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $71.40 per barrel during the early European hours on Thursday. The technical analysis of a daily chart indicates a weakening bullish bias as the pair has broken below the ascending channel pattern. However, the 14-day Relative Strength Index (RSI) consolidates just above the 50 level, indicating a bullish bias is still in play. A break below the 50 mark would cause an emergence of a bearish trend.