Gold remains at a three-week high
Gold (XAU) fell by 0.18% on Friday following higher-than-expected U.S. Producer Price Index (PPI) figures.
👉 Possible effects for traders
XAUUSD remained steady near a seven-week high on Friday as the U.S. dollar (USD) and Treasury yields weakened despite a report showing that U.S. producer prices rose more than expected last month. The data didn't bolster the greenback, which had declined on Thursday following the Consumer Price Index (CPI) data, demonstrating a decreasing inflation rate. Treasury yields also continued to decline, giving gold a bullish impulse. The U.S. two-year note reached 4.4%, down by 4.6 basis points towards the lowest since 8 March, while the yield on the 10-year note decreased by 2.4 basis points towards 4.1%.
The gold price rose for the third consecutive week as cooling U.S. inflation strengthened expectations for interest rate cuts by the Federal Reserve (Fed). Last week's data revealed that U.S. consumer prices dropped in June for the first time in four years, solidifying projections of a U.S. rate reduction in September. However, the data also indicated softer physical gold demand in Asia due to elevated prices, which raised market caution.
Shock over the assassination attempt on former U.S. President Donald Trump affected financial markets this Monday. Traders have initially reacted by buying the U.S. dollar and selling long-term U.S. Treasuries, dubbed the 'Trump-victory trades', as the incident appears to boost his chances of winning the presidential elections. Treasury yields tend to rise when the possibility of a Trump victory increases, partly due to the expectation that his economic policy will increase inflation and debt. Fed Chair Jerome Powell will give a speech today at 4:30 p.m. UTC, which may affect expectations for a rate cut in September. 'Spot gold may retest resistance at $2,416 per ounce, a break above which could open the way towards $2,426–$2,438 range', said Reuters analyst Wang Tao.
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#Bitcoin(BTC) Payout for 14th July, 2024.
#Weekly_Payout
0.08012736 BTC
$4,815.79
https://www.blockchain.com/explorer/transactions/btc/0d05b0b144f60b96b95f56d69aeac4b6abaa86dd126afe87b4fabc6d0f85445b
0.16768806 BTC
$10,078.33
https://www.blockchain.com/explorer/transactions/btc/d8c13b034549a812d53ef3026809babb263ecde1edd7ec93e60dc5bded3d1d9b
1.23020321 BTC
$73,937.26
https://www.blockchain.com/explorer/transactions/btc/b4a38e1e77f7240d5a3fa80b7d90b624456d05e35dad03c62d35573f9cc897cf
0.02496000 BTC
$1,500.14
https://www.blockchain.com/explorer/transactions/btc/7241fe6ac3e4839b5e8ae2335bd6640f6dfc3166cf507a87298da3c72c1651d2
0.02881657 BTC
$1,731.92
https://www.blockchain.com/explorer/transactions/btc/dbc498cdd3c43f4b64181f88ff55b1e454e4bb1be974119365643a937be359fc
0.03324784 BTC
$2,002.89
https://www.blockchain.com/explorer/transactions/btc/72dc008df7312b37afa0be66b932f7ebc8ef1c3cab608ce1906cbb6e166d4944
0.83371362 BTC
$50,223.97
https://www.blockchain.com/explorer/transactions/btc/bcbb340d2235c8d9263f030067b99a4808cbbed4aefbe4d633cefda48aca3db4
(COMPLETED CONTRACT)
0.05395480 BTC
$3,250.13
https://www.blockchain.com/explorer/transactions/btc/ff6e878652c4f8ee9dd48a8006f86e93c1ea6dcd07ac373ddfc447981bfadc5c
0.08297174 BTC
$4,998.05
https://www.blockchain.com/explorer/transactions/btc/b354f1190bf759b4b4482b7e2a3da715760bdd31789263376751834ca9cf4849
@Rihauw
0.01313623 BTC
$791.30
https://www.blockchain.com/explorer/transactions/btc/351f127a690667482511e8446176c8fc4e472a29d0522c9a04554a9934eaf0db
0.16772255 BTC
$10,103.27
https://www.blockchain.com/explorer/transactions/btc/84f82385e34ced9597faf8b0ed3d6c823681ded42e431c9350c64d3d013cfa41
13.73437882 BTC
$827,331
https://www.blockchain.com/explorer/transactions/btc/9042f7079e231259458c4e35153bbe1398cd433fbcec1ed14c1a9d43a13a22b0
(BUSINESS CONTRACT)
0.01829240 BTC
$1,102.75
https://www.blockchain.com/explorer/transactions/btc/0a78ae898120718efed5346fe41b647633a0c13791ae57af37aac109732fea86
0.03147603 BTC
$1,897.52
https://www.blockchain.com/explorer/transactions/btc/9b2bb31a100caea78f03b648f4b4d0b63200a28627a22ad8150a7782191b1321
126.84408262 BTC
$7,646,765
https://www.blockchain.com/explorer/transactions/btc/5d1806ff8073311937f0325627565ad87e4fdf65e4fa0acc0b4436bfbee5aa92
(COMPLETED BUSINESS CONTRACT)
0.49305200 BTC
$29,723.52
https://www.blockchain.com/explorer/transactions/btc/41ecefd420b77a2429ef7dbe2b85c688d413bf37d7ec370a52eb00d85c0b3ae4
@Rihauw
0.12339213 BTC
$7,442.79
https://www.blockchain.com/explorer/transactions/btc/b7998fb775ae53b236d74f869c6fe11350606f01a12cda99e9810e76a34dd0f3
0.09088428 BTC
$5,473.20
https://www.blockchain.com/explorer/transactions/btc/148722b95c39d8802c44c3745ac0e4f08cf4ec1431c3e8e6fe8c0cec8b38e71a
0.84478658 BTC
$50,874.42
https://www.blockchain.com/explorer/transactions/btc/e1907e9438f950bad17584aeebd9a02196154c8df4870fb3fcb2b39943d3fc66
0.05609421 BTC
$3,378.44
https://www.blockchain.com/explorer/transactions/btc/91d1dee2299f1e153f65d3c85336180c6605bc1b2a5388eefa5fcbcf83e5318b
0.14636314 BTC
$8,815.16
https://www.blockchain.com/explorer/transactions/btc/bfaead597be0ee902bf8ca57a9a309d08c86764a3604ba93b98f60111340007f
@Rihauw
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Success is to go from one failure to another with no loss of enthusiasm.
-- @Rihauw
Bitcoin gained after U.S. CPI data and then lost
According to Coinbase, Bitcoin's (BTC) price jumped above $59,000 on Thursday after the U.S. Consumer Price Index (CPI) report numbers came out lower than expected. However, BTCUSD then lost gains and finished the day down by 0.1%.
👉 Possible effects for traders
U.S. annual inflation rate slowed towards 3% in June, fuelling hopes for an interest rate cut by the Federal Reserve (Fed) in September. The initial reaction in BTC was positive, as lower interest rates tend to make alternative investment assets, such as crypto, more attractive to long-term investors. However, BTCUSD failed to hold above the 59,000 mark. ‘When a market continues to sell off at a specific level, it has less to do with events, narratives, or fundamentals. Instead, a large seller perceives prices to be overvalued at that level’, said Markus Thielen, founder of 10x Research.
Another reason why BTC has failed to rise on the soft CPI report may be related to the fact that U.S. technology stocks have outperformed the main cryptocurrency. Indeed, NASDAQ rose by some 5% over the past month, while BTC price was down by 18% over the same period. Investors may have been slowly moving their holding away from crypto into U.S. stocks.
BTCUSD continued to fall during the Asian and early European trading sessions. Two U.S. releases—the U.S. Producer Price Index (PPI) report at 12:30 p.m. UTC and the Michigan Consumer Sentiment data at 3:00 p.m. UTC—may increase volatility in all USD pairs but are unlikely to change the general trend. Fundamentally, Bitcoin has been under considerable pressure, specifically due to a flood of supply from the sale of government holdings and the bankruptcy of the Mt. Gox exchange. Only a rise and a close above $59,000 will invalidate the underlying bearish technical trend.
Gold rocketed due to soft U.S. inflation data
The gold (XAU) price rose by 1.85% yesterday, the largest daily increase since 1 March. Overall, XAUUSD continues to rise for the third consecutive week.
👉 Possible effects for traders
The U.S. Consumer Price Index (CPI) report released on Thursday showed that U.S. consumer prices declined in June. The forecast for the CPI was at 3.1%, but the actual data showed 3%, which became a strong driver for XAUUSD growth. The annual increase in consumer prices was the smallest in a year. Gold has already reached $2,400, and as we approach lower interest rates, XAUUSD may set new record highs in the near future. Investors are now waiting for U.S. Producer Price Index (PPI) data today at 12:30 p.m. UTC. The PPI report may push the gold price further, above 2,400.
As reported by Reuters, ‘San Francisco Fed Bank President Mary Daly on Thursday said that she expects further easing in both price pressures and the labour market to warrant interest rate cuts, while Chicago Fed Bank President Austan Goolsbee said the U.S. economy looks like it is back on track to 2% inflation’. According to the CME FedWatch Tool, the market now prices in a 93% possibility of a rate cut in September, compared to a 70% chance before the data was released.
Gold fell slightly in the Asian and early European trading sessions as some investors began to take profits after the XAUUSD growth. Today's key data is the PPI report at 12:30 p.m. UTC, which can affect the pair. If the numbers are lower than expected, XAUUSD may rise further and reach 2,440. Otherwise, the price may return below 2,400.
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Читать полностью…US500 Looks Bearish!
💡 Williams’ Strategy setup is on the chart!
⚙️ US500 is aiming for the 5280 support level. William’s Lips line (yellow) breaks the Jaws (blue) line down, and the price will break below the nearest lower fractal support. The Momentum oscillator crosses the 100 level from above, giving an extra bearish sentiment.
🔽 Trade: Sell US500 on a break below the 5280;
🎯 TP: 5235.
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EURUSD BUY @ 1.0850
TP: 1.0870 (scalper)
TP: 1.0900 (intraday)
TP: 1.0950 (swing)
SL: 1.0785
▪️Use money management 2-3%
Good morning, traders!
Remember, successful trading isn't just about making quick profits
—it's about mastering risk management, staying informed about market trends, and continuously improving your strategies. Let's trade smart and aim for sustainable growth today! 📊🌟
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#Bitcoin_Cash (BCH) Payout for 14th July, 2024.
#Weekly_Payout
2,754.81240662 BCH
$1,057,765
https://www.blockchain.com/explorer/transactions/bch/8e063576fbe9699a9c908666e0e36fe41826089ebbcefd3d07640b9a2a058b81
(COMPLETED CONTRACT)
151.99999782 BCH
$58,363.44
https://www.blockchain.com/explorer/transactions/bch/dc74a3240229621d83e7431cf9c990ffd211b1db327ccc2a75a99247e92920da
20.38351285 BCH
$7,816.67
https://www.blockchain.com/explorer/transactions/bch/7713bbb44dd6aaff8b7995f842b5e600d3e0fa92553a29f3a8630fdf56440fa8
28.14832496 BCH
$10,794.32
https://www.blockchain.com/explorer/transactions/bch/00dfef90978ce4e0cf08b74bc4995a17a27b5b57787cbeb7a0d449a03b1ce83d
6.29274242 BCH
$2,413.52
https://www.blockchain.com/explorer/transactions/bch/24eaf4da8dd998e9672097fb5c138574f843c6a81d419c77c416e8dbf5aedb6a
4.50349857 BCH
$1,730.47
https://www.blockchain.com/explorer/transactions/bch/385b740b76b494d43bd58b3657d8102323d67f71c974397003ba6b4ef5f37197
20.61488779 BCH
$7,921.27
https://www.blockchain.com/explorer/transactions/bch/66d4ed49541717f8feb85f66ab5efc2671c5e6ed128a9af49410906d9925c8dc
3.18803962 BCH
$1,225.00
https://www.blockchain.com/explorer/transactions/bch/0d55444ff9721b9ab6c5f7334e9dfea97dd5bfb79835b182707cb99a5359a9ee
3.44455498 BCH
$1,323.57
https://www.blockchain.com/explorer/transactions/bch/657453da769faf3fe01510a834bfc7e503173b200c3d83b21202b7ed872ca1df
3.88353269 BCH
$1,492.60
https://www.blockchain.com/explorer/transactions/bch/495a380d9fc1930a9c92171cb37d66eb0808768e71b85211eab18f4136eda8cf
3.90887978 BCH
$1,502.34
https://www.blockchain.com/explorer/transactions/bch/b788bb0fd912fe7522e213da68945d5cc8d0b2ef5f2bbfc66da6bc2ad619afa9
2.61195734 BCH
$1,003.88
https://www.blockchain.com/explorer/transactions/bch/f44b289b2c5019264e27e5eb9af6a7401ccb75e68e598798a9993229a40865e9
4.47029116 BCH
$1,718.11
https://www.blockchain.com/explorer/transactions/bch/a7f751ed6f6d83c87a3cffaf2e5622f8a5e46b351ff5a4643b9f789277030079
3.90887978 BCH
$1,502.34
https://www.blockchain.com/explorer/transactions/bch/b788bb0fd912fe7522e213da68945d5cc8d0b2ef5f2bbfc66da6bc2ad619afa9
2.61195734 BCH
$1,003.88
https://www.blockchain.com/explorer/transactions/bch/f44b289b2c5019264e27e5eb9af6a7401ccb75e68e598798a9993229a40865e9
4.47029116 BCH
$1,718.11
https://www.blockchain.com/explorer/transactions/bch/a7f751ed6f6d83c87a3cffaf2e5622f8a5e46b351ff5a4643b9f789277030079
6.40708020 BCH
$2,465.64
https://www.blockchain.com/explorer/transactions/bch/f4efe0b446a4e1ade1fccd66631013bea61f538d44da809ad4633c89a348a6e9
12.60346015 BCH
$4,850.19
https://www.blockchain.com/explorer/transactions/bch/a27843a8874f920a2e802b3b71f7370b4d2bca22b52174445d85e68e434001f9
132.02022572 BCH
$50,805.34
https://www.blockchain.com/explorer/transactions/bch/7b4239fc17422ec39e14f8d163de148b1a0627ec7913de4205efbfa64fdf535f
(COMPLETED CONTRACT)
7.64944132 BCH
$2,943.73
https://www.blockchain.com/explorer/transactions/bch/39dc19ccc96cfa895d6081980d21af9f7c746718a8934008313a49320e612471
50.70299297 BCH
$19,512.03
https://www.blockchain.com/explorer/transactions/bch/e6efe160d3edef2be1cba13104bb451373c03197daae959de4a36689fa19773e
@Rihauw
@Rihauw
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#TradeIdea
▶️⏩XAGUSD May Fall!
The DeMarker setup is on the chart!
🥈 On the H4, XAGUSD formed a rising wedge pattern, and the price broke the lower trend line. Parabolic SAR indicates the possibility of a decline, and DeMarker crossed 0.700 down.
🔽 Trade: Sell XAGUSD on a breakout below 30.700;
🎯 TP: 30.300;
#Smash ❤️ if you agree!
The euro rose on soft U.S. CPI report
EURUSD gained 0.35% on Thursday, breaking above the 1.08500 resistance level and briefly reaching the key 1.09000 level, following lower-than-expected U.S. Consumer Price Index (CPI) report data.
👉 Possible effects for traders
U.S. inflation data released on Thursday indicated that U.S. consumer prices fell unexpectedly, with the lowest annual increase in a year. This development brings the Federal Reserve (Fed) one step closer to considering an interest rate reduction. The annual core inflation rate for U.S. consumer prices, excluding volatile items such as food and energy, continued to decline towards a three-year low of 3.3% in June 2024. The data was lower than the forecast of 3.4%, declining from a 3.4% rate in May. Monthly core consumer prices increased by 0.1% in June 2024 compared to the previous month, indicating a moderation from the 0.2% increase in May. The numbers were below market expectations of a 0.2% increase, marking the softest monthly increase in core prices since February 2021.
San Francisco Fed President Mary Daly stated on Thursday that she anticipates further reduction in price pressures and softening of the labour market, which would justify interest rate cuts. Meanwhile, Chicago Fed Bank President Austen Goolsbee stated that the U.S. economy appears to be returning to a path towards 2% inflation. According to the CME FedWatch Tool, the chances of a rate cut in September increased towards 92.6%, compared to a 73.3% probability before the release of the CPI data. The U.S. Dollar Index (DXY) finished Thursday's trading session with a 0.46% decline.
On Friday, EURUSD continued to move upwards during the Asian and early European trading sessions. The U.S. Producer Price Index (PPI) report will be released today at 12:30 p.m. UTC. A reading higher than expected would be bearish for EURUSD, while a lower-than-expected number would be positive for the currency pair.
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#Bitcoin Cash (BCH) Payout for 23th June, 2024.
#Weekly_Payout
25.87565743 BCH
$9,948.67
https://www.blockchain.com/explorer/transactions/bch/b2dc48293d14006b8d3fea919ec001224c448cdb9a0c4bf9ecc69f3b96503343
0.44578710 BCH
$171.40
https://www.blockchain.com/explorer/transactions/bch/7adc38d369756bbf342cf23c2a3fba9f70d55ed6b2969dc9913461b7e0dd3545
1.44545490 BCH
$555.75
https://www.blockchain.com/explorer/transactions/bch/856aae732a27f52388299dd0c49f98915e76b1f1cdcbb3d6db7d4e91804dc953
45.00258752 BCH
$17,302.59
https://www.blockchain.com/explorer/transactions/bch/e0dc937dc86326a1bfc54a3c96a869396dd0a8dd9b8bffd3f877b23d482810c1
@Rihauw
44.65845726 BCH
$17,170.28
https://www.blockchain.com/explorer/transactions/bch/2c15cb44a6a003f56164c9e8e93a06f67a94aa75265ab23e271cc88d621ba3e5
1.98698533 BCH
$763.96
https://www.blockchain.com/explorer/transactions/bch/54863e4372638f2bc08c3ac4395e315796ca802fa4d3a82a01b62ab16d13cb47
0.97821164 BCH
$376.10
https://www.blockchain.com/explorer/transactions/bch/d92256af51a2298523b1db7efcaa6f57521d5a8847d1fc8da68a3a63bc78773b
3.12641601 BCH
$1,202.04
https://www.blockchain.com/explorer/transactions/bch/f41962632de736257ee0180bceb1ec4d9084b843ef86668b63acaf239524a454
1.97414536 BCH
$759.02
https://www.blockchain.com/explorer/transactions/bch/cb24f1121a28507c823df1ec8fab47361676d66093f663c26ecc9e76d3b6772b
6.89995322 BCH
$2,652.89
https://www.blockchain.com/explorer/transactions/bch/9e49d86a5fed1f27938e3ce519bac5e8b3ea651639d81801d612c980cc2a4c16
1.11389384 BCH
$428.27
https://www.blockchain.com/explorer/transactions/bch/1e308a1fd0b08d4fc0787a81f6875894269b303301fd5683440eeb598cd43238
1.20103990 BCH
$461.78
https://www.blockchain.com/explorer/transactions/bch/699d516413d9309ed93815f48824b9af28fc211647a9e186846d3290026e6675
22.96350742 BCH
$8,829.01
https://www.blockchain.com/explorer/transactions/bch/0af8cf21e48c068c6b87590492f1e9f95642578df162a3ecb70a93b38c6d8c2f
30.10330004 BCH
$11,574.12
https://www.blockchain.com/explorer/transactions/bch/78fbed7abbf3f1379f0c849c8b7bf782aa8e2dd63d4252e92e25c36ec7db52ed
39.69785502 BCH
$15,263.03
https://www.blockchain.com/explorer/transactions/bch/1e1d396978924f5f1825a8eb2987f4b6eb056757a0b4dff3ab2a92d34731d7e1
@Rihauw
0.84775101 BCH
$326.32
https://www.blockchain.com/explorer/transactions/bch/000861b41809aeed0c276fe5cf4220d4d8de4dac4152d4a07341d8a8cf460033
2.69301775 BCH
$1,036.62
https://www.blockchain.com/explorer/transactions/bch/be69c61530d808ccbca1b8dd995332419ac88c90e882fd074f8c3a195730857d
3.50844449 BCH
$1,350.51
https://www.blockchain.com/explorer/transactions/bch/1c11c10130f0f49f4eaa0a36dec0a64476d65c72250f9daccca9b8c3a24148d1
47.13918823 BCH
$18,124.08
https://www.blockchain.com/explorer/transactions/bch/dfd51112f05476a65d89d5f4493664fd3341539965d03333ee39e44edcc68ab2
0.58477607 BCH
$225.10
https://www.blockchain.com/explorer/transactions/bch/b505e44d08a1a745d41736d6406497e0ba194a327088e3aae2013b37d66e4927
17.65873154 BCH
$6,797.38
https://www.blockchain.com/explorer/transactions/bch/26c9c0e00e29b658571d7c33c2bdb935aa4ce96b9be90ce28ce3a35685ec8b51
12.51329933 BCH
$4,816.74
https://www.blockchain.com/explorer/transactions/bch/4803f7652fb108548637325d1168bc91cd530fde75f6696e60a9624467d4014e
@Rihauw
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@Rihauw
The precision of your forex signals has remarkably enhanced my trading strategy, culminating in a substantial $10,300 profit boost. I'm thoroughly impressed!
Читать полностью…Round 1 Zero float TP1//30pips✅
Let’s CLOSE our profit now and set breakeven if you wish to hold now‼️
What a great way to start our day🔥🔥🔥
Gold Buy 2361-2358
Sl : 2356
TP1 : 2363
TP2 : 2365
TP3 : OPEN
Use proper money management ✅
BTCUSD, 15-minute timeframe chart
BTCUSD rebounded from the support level of 67,500.00
👉 Level explanation
BTCUSD has been trading in a sideways market within the last day. The pair moved down to the support level of 67,500.00.
👉 Possible scenario
The best way to use this opportunity is to place a Buy order at 68,100.00.
Set your stop loss at 67,280.00 below the previous low ($8.20 loss for 0.01 lot) and take profit at 68,920.00 ($8.20 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
SNIPER ENTRY TP1✅
Let’s CLOSE our profit now and set breakeven if you wish to hold now‼️
Nonstop smashing TP with me🫡