Intraday Update: $EURGBP definitely looks a bit on the ropes right now. Of course, this snail can stay on the ropes for a few more weeks but the speed at which we've come down from 0.84 is a bit of a concern. It's pointing to the possibility of a break under 0.83 but there's an old level going back through 2022, 2019 and further, at 0.8276 that might catch the knife. If that goes though, 0.8200 might come fairly quickly. Or, we break by 0.83 by 15/20 pips, trip stops, bounce back above and then spend another 5 weeks hovering around. This pair is great for training your patience.

Intraday Update: $EURGBP definitely looks a bit on the ropes right now. Of course, this snail can stay on the ropes for a few more weeks but the speed at which we've come down from 0.84 is a bit of a concern. It's pointing to the possibility of a break under 0.83 but there's an old level going back through 2022, 2019 and further, at 0.8276 that might catch the knife. If that goes though, 0.8200 might come fairly quickly. Or, we break by 0.83 by 15/20 pips, trip stops, bounce back above and then spend another 5 weeks hovering around. This pair is great for training your patience.

GOOD EVENING Money speaks only one language: If you save me today, I will save you tomorrow. Money isn't everything, But everything needs money. #currencytrading

GOOD EVENING Money speaks only one language: If you save me today, I will save you tomorrow. Money isn't everything, But everything needs money. #currencytrading

Everyone is scared about news, rate cuts etc.. We are trading the charts, not the news #Forex #Trading #CurrencyTrading #Commodities #Gold #Investing #TraderLife #FinancialFreedom #ForexSignals #BTC #Bitcoin #Crypto

Everyone is scared about news, rate cuts etc.. We are trading the charts, not the news #Forex #Trading #CurrencyTrading #Commodities #Gold #Investing #TraderLife #FinancialFreedom #ForexSignals #BTC #Bitcoin #Crypto

I want to see this later on for buying it back. Gold fave reversal pattern. Gartley 222 buy Don't worry, I am right most times! #Forex #Trading #CurrencyTrading #Commodities #Gold #Investing #TraderLife #FinancialFreedom #ForexSignals #BTC #Bitcoin #crypto

I want to see this later on for buying it back. Gold fave reversal pattern. Gartley 222 buy Don't worry, I am right most times! #Forex #Trading #CurrencyTrading #Commodities #Gold #Investing #TraderLife #FinancialFreedom #ForexSignals #BTC #Bitcoin #crypto

The Power of Mindset in Trading 🧠 🧵Thread Did you know that your mindset can be the difference between success and failure? Let’s dive into how cultivating a strong mindset can elevate your journey! 🚀👇 #Forex #Trading #CurrencyTrading #Commodities #Gold #Investing #TraderLife #FinancialFreedom #ForexSignals #Crypto #Bitcoin #Ethereum #BTC

The Power of Mindset in Trading 🧠 🧵Thread Did you know that your mindset can be the difference between success and failure? Let’s dive into how cultivating a strong mindset can elevate your journey! 🚀👇 #Forex #Trading #CurrencyTrading #Commodities #Gold #Investing #TraderLife #FinancialFreedom #ForexSignals #Crypto #Bitcoin #Ethereum #BTC

A look at the impact of US elections on S&P 500

A look at the impact of US elections on S&P 500

This week's charts from The Rundown newsletter: 1. Trump Trade-Off Trump’s proposal to cut corporate tax rate to 15% would lift S&P 500 earnings by 4%, says Goldman Sachs. His tax/spending plans would raise the U.S. debt load by an estimated $7.75 trillion over the next decade.

This week's charts from The Rundown newsletter: 1. Trump Trade-Off Trump’s proposal to cut corporate tax rate to 15% would lift S&P 500 earnings by 4%, says Goldman Sachs. His tax/spending plans would raise the U.S. debt load by an estimated $7.75 trillion over the next decade.

Donald Trump’s historic return to the White House was met with a euphoric response by the markets. Wall Street and Bitcoin rallied to record highs, while the US dollar skyrocketed to 4-month highs. Perhaps the most significant move, however, is the surge in Treasury yields. Yields had already been on the rise since late September as investors pared back their bets of how many times the Federal Reserve would cut interest rates over the course of the next 2-3 years. But Trump’s victory has dealt a further blow to hopes of low interest rates.

Donald Trump’s historic return to the White House was met with a euphoric response by the markets. Wall Street and Bitcoin rallied to record highs, while the US dollar skyrocketed to 4-month highs. Perhaps the most significant move, however, is the surge in Treasury yields. Yields had already been on the rise since late September as investors pared back their bets of how many times the Federal Reserve would cut interest rates over the course of the next 2-3 years. But Trump’s victory has dealt a further blow to hopes of low interest rates.

It’s been 189 trading days since the S&P 500 closed above 5,000 on Feb. 9. This was the fastest 1,000-point milestone since 1957, via Dow Jones Market Data.

It’s been 189 trading days since the S&P 500 closed above 5,000 on Feb. 9. This was the fastest 1,000-point milestone since 1957, via Dow Jones Market Data.

We are SPOILED. The SP500 is NOT going to grow at 10% again. Is a 24% correction coming? Many of my friends recently decided to go fully into S&P 500 index. After years of not being able to beat the market, and the realization that trying to beat the SP500 is a fool's game, its not a hard decision. But what if the SP500 is not capable of producing the returns everyone is accustomed to? Over the last 20 years, SP500 returned 10% a year. ~8% from appreciation ~2% from dividends

We are SPOILED. The SP500 is NOT going to grow at 10% again. Is a 24% correction coming? Many of my friends recently decided to go fully into S&P 500 index. After years of not being able to beat the market, and the realization that trying to beat the SP500 is a fool's game, its not a hard decision. But what if the SP500 is not capable of producing the returns everyone is accustomed to? Over the last 20 years, SP500 returned 10% a year. ~8% from appreciation ~2% from dividends

The EUR/GBP fell towards 0.8310 as sellers continue pushing downwards but will face strong support at the psychological 0.8300 area. The cross has been on a downward trajectory, breaking below its 20-day SMA and reaching multi-week lows. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) confirm this bearish trend, signaling increasing selling momentum. The pair has recorded four consecutive days of losses, indicating that the selling pressure is intensifying, and further declines are possible. The RSI is currently in negative territory at 42, with a mildly declining slope, implying that sellers are gaining momentum. The MACD's rising red histogram and elevated volume further support the bearish sentiment, indicating that bearish forces are dominating the market.

The EUR/GBP fell towards 0.8310 as sellers continue pushing downwards but will face strong support at the psychological 0.8300 area. The cross has been on a downward trajectory, breaking below its 20-day SMA and reaching multi-week lows. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) confirm this bearish trend, signaling increasing selling momentum. The pair has recorded four consecutive days of losses, indicating that the selling pressure is intensifying, and further declines are possible. The RSI is currently in negative territory at 42, with a mildly declining slope, implying that sellers are gaining momentum. The MACD's rising red histogram and elevated volume further support the bearish sentiment, indicating that bearish forces are dominating the market.

EUR/USD stays under pressure and declines toward 1.0750 following Thursday's recovery. A renewed US Dollar uptick and a cautious mood weigh on the pair, as traders digest the Trump win and the Federal Reserve's monetary policy announcements.

EUR/USD stays under pressure and declines toward 1.0750 following Thursday's recovery. A renewed US Dollar uptick and a cautious mood weigh on the pair, as traders digest the Trump win and the Federal Reserve's monetary policy announcements.

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

Gold price retreats from two-day peak near $2,700, a crucial level which was broken on Wednesday and buyers had remained unable to crack. If sellers keep holding firm and send prices below the November 6 low of $2,652, look for a push to challenge $2,639, ahead of testing the October 10 low of $2,603. On the other hand, if Gold clears $2,700, buyers would eye the 20-day SMA at $2,718, ahead of $2,750, followed by the October 23 high at $2,758. Momentum remains neutral as the Relative Strength Index (RSI) fluctuates around its neutral line, a sign that XAU/USD might lack clear direction and consolidate.

Gold price retreats from two-day peak near $2,700, a crucial level which was broken on Wednesday and buyers had remained unable to crack. If sellers keep holding firm and send prices below the November 6 low of $2,652, look for a push to challenge $2,639, ahead of testing the October 10 low of $2,603. On the other hand, if Gold clears $2,700, buyers would eye the 20-day SMA at $2,718, ahead of $2,750, followed by the October 23 high at $2,758. Momentum remains neutral as the Relative Strength Index (RSI) fluctuates around its neutral line, a sign that XAU/USD might lack clear direction and consolidate.

Negative consumer sentiment data in Switzerland highlighted economic concerns, leading to a drop in the franc’s value. This came as SECO’s report indicated a pessimistic outlook among Swiss consumers, which contributed to weakening CHF against major currencies.

Negative consumer sentiment data in Switzerland highlighted economic concerns, leading to a drop in the franc’s value. This came as SECO’s report indicated a pessimistic outlook among Swiss consumers, which contributed to weakening CHF against major currencies.

India’s foreign exchange reserves decreased, putting additional strain on the rupee. With reserve levels being closely monitored amid global economic pressures, the rupee’s vulnerability may continue unless there is an increase in reserve inflows.

India’s foreign exchange reserves decreased, putting additional strain on the rupee. With reserve levels being closely monitored amid global economic pressures, the rupee’s vulnerability may continue unless there is an increase in reserve inflows.

Weak industrial production data out of Germany contributed to euro weakness, especially as figures revealed a decline in year-over-year and month-over-month production rates. Economic concerns within the Eurozone are dampening investor confidence in the euro, pushing EUR/USD lower in early European trading.

Weak industrial production data out of Germany contributed to euro weakness, especially as figures revealed a decline in year-over-year and month-over-month production rates. Economic concerns within the Eurozone are dampening investor confidence in the euro, pushing EUR/USD lower in early European trading.