Larissa-Trader

Larissa-Trader

The euro, Europe's common currency, has showcased remarkable resilience amidst the prevailing headwinds of the global economy. Despite challenges stemming from geopolitical tensions and inflationary pressures, the euro has remained steadfast, bolstered by the European Central Bank's monetary policies and the region's strong economic fundamentals. Recent...

Larissa-Trader

Bitcoin's meteoric rise continues to captivate the world as it surges to new heights, sparking a financial revolution unlike any other. With its decentralized structure and limited supply, Bitcoin stands as a symbol of financial sovereignty, challenging traditional banking systems and empowering individuals worldwide. As institutional investors flock to Bitcoin...

Larissa-Trader

Amidst the ebb and flow of global economic tides, gold prices have found themselves at a crossroads. Uncertainty surrounding key economic indicators and geopolitical tensions continues to sway investor sentiment, leading to fluctuating prices in the precious metal market. While some analysts forecast a bullish trajectory fueled by inflation concerns and central...

Larissa-Trader

There is selling force participating in pushing the price down but buying force is still overwhelming

Larissa-Trader

I think the EUR price is continuing to increase but selling pressure is starting to appear but buying force is still overwhelming

Larissa-Trader

The market is complicated and requires further observation

Larissa-Trader

I think the market will go up and these are the speculations I think are correct.

Larissa-Trader Updated 

I think the gold market is very potential. There will be a lot of supporters of it

Larissa-Trader

GBP/USD - The British pound weakened significantly against the greenback, dropping to 1.2625 from its previous level of 1.2735. Immediate support is anticipated at 1.2600 for the pound, followed by 1.2570 and 1.2540. Immediate resistance sits at 1.2660 (overnight high), 1.2700, and 1.2740. Expect increased volatility in Sterling within the range of 1.2600-1.2700....

Larissa-Trader

Bitcoin surged above the $44,700 resistance on January 2, but this breakthrough turned out to be a price trap as it sharply declined on January 3. Buyers stepped in as prices dipped to the 50-day simple moving average ($40,938), indicating strong bullish defense around the $40,000 mark. The exponential 20-day moving average traded sideways ($42,855), and the...

Larissa-Trader

Gold faced a significant setback on Wednesday after breaking through the technical support range of $2,050-$2,045. Should gold linger below this threshold, sellers might gather momentum to drive prices towards the 50-day simple moving average around $2,010. Further weakness could pivot towards $1,990, followed by $1,975. In a scenario where sentiment favors...

Larissa-Trader

Euro marked its strongest two-month performance in a year, surging 4.4% against the US dollar in November and December 2023. The dollar's weakness largely contributed to this rise, driven by expectations of swift rate cuts from the Federal Reserve, eroding its competitive edge. The European Central Bank (ECB) countered rate-cut pressures. Despite the Fed's...

Larissa-Trader

EUR/USD faces pressure from a stronger US Dollar, hovering near 1.0941, down 0.02%. Daily indicators suggest a potential downtrend continuation if it breaks below 1.0920. On the 4-hour chart, recovery is uneven from oversold levels, with potential further decline under 1.0920. Economic data and FOMC minutes await, as market sentiment remains cautious amid...

Larissa-Trader

The Japanese Yen gains support from anticipated BoJ policy shifts, fostering a safer environment and limiting USD/JPY within lower USD demand. Investor focus on US economic data before FOMC minutes remains crucial. Technically, breaching the 200-day SMA signals a USD/JPY downtrend. Daily chart indicators suggest potential further losses. Any upward movement could...

Larissa-Trader

The daily chart for XAU/USD suggests intermittent recoveries despite limited directional momentum. This currency pair maintains its position above all its moving averages, with the 20-day Simple Moving Average (SMA) hovering around $2,034 USD, notably higher than longer-term averages. While technical indicators lean towards positivity, the Relative Strength Index...

Larissa-Trader

Bitcoin (BTC) is on an upward trend, surpassing the weekly supply zone midpoint, signaling a possible continuation. However, recent remarks by CNBC's Jim Cramer added confusion. The market anticipates SEC approval, hinted by a Reuters report between January 2nd and 3rd. This, coupled with FOMO and speculative trading, boosted BTC by 7% on January 7th, breaking...

Larissa-Trader

Bitcoin's price gains support from evolving central bank policies globally, particularly the US hinting at looser monetary policies in 2024. Short-term price dips may present buying opportunities. Potential support lies around $40,000, with $38,000 as an additional level in case of a substantial downturn. Resistance is projected at $45,000, targeting $47,500...

Larissa-Trader

Gold soared to $2,080 but reversed, dipping near $2,060 due to the rise in US Treasury bond yields. Investors are cautious ahead of year-end flows, limiting big bets on XAU/USD. The price may stabilize as the new year nears, remaining elevated. Closing below the ascending trendline at $2,084, buyers approach with caution, yet the rising 14-day Relative Strength...