JoelFinancial

JoelFinancial

The EUR/USD pair extended its bearish trend, dropping to 1.0180, its lowest point since November 2022, after peaking at 1.1200 in 2024. This decline reflects the divergence between the Federal Reserve, which maintains a more hawkish stance, and the European Central Bank. The FED’s position strengthened following robust U.S. employment data, showing 250,000 jobs...

JoelFinancial

XAU/USD fell 1% during Monday’s session, closing at $2,663 USD. This decline was driven by a robust U.S. employment report, which strengthened the dollar to a two-year high. Earlier in the session, Gold remained stable between $2,680 and $2,690 before breaking below the $2,677 support level, triggering a sharp drop until the end of the day.

JoelFinancial

The BTC/USD pair dropped to a low of $88,913 USD on Monday, marking a significant technical correction with a 17.7% decline from its December high. This pullback mirrors declines in other risk assets, such as the Nasdaq 100 and Dow Jones. Additionally, the rising U.S. Dollar Index (DXY) and concerns over inflation—exacerbated by wildfires in California—have...

JoelFinancial

Bitcoin faced a bearish week, dropping 4.19% from $98,000 to $94,300 USD. This decline starkly contrasts with the previous week, when the cryptocurrency gained over 3%. Michael S. Barr's resignation as the Fed's Vice Chair for Supervision initially boosted Bitcoin to a 4-week high of $102,000 USD, but the rally faltered under subsequent bearish pressure.

JoelFinancial

Gold demonstrated a strong upward trend this week, gaining 1.87% and closing at $2,689.06 USD. Except for Monday, January 6, every trading session ended in green, breaking key resistance levels and approaching the psychological $2,700 USD mark. The weekly chart highlights consistent bullish pressure, underscoring Gold's robust performance.

JoelFinancial

While a strong bearish trend seems unlikely at the moment, the perception of a strong economy might shift market sentiment. In this scenario, value hunters are expected to step in sooner or later, capitalizing on undervalued assets.

JoelFinancial

The gold market is in a consolidation phase following a strong upward move. A daily close above $2700 could signal a continuation of the bullish trend. Conversely, a pullback would likely offer a buying opportunity within the ongoing consolidation.

JoelFinancial

The Euro remains under pressure as the ECB considers aggressive rate cuts. The key support level at 1.03 will be pivotal as the market awaits non-farm payroll data. Since EUR/USD is the most traded pair against the Dollar, its reaction to employment data could provide valuable insights into the broader Dollar trend across other currency pairs.

JoelFinancial

The Bitcoin market is at crucial levels. A drop below $88,000 could trigger a sharp sell-off down to $74,000. Conversely, a breakout above the weekly candle's high would pave the way for a rally toward $109,000.