• The Japanese yen rose, achieving its first gain in four days against the US dollar, thanks to strong economic data in Japan and low-level purchases.
⬅️ In addition to the statements of the Governor of the Japanese Central Bank about a possible interest rate hike in January, expectations for Japanese monetary policy in 2025 were strengthened.
⬅️ Despite this rise, the yen is heading to record a fourth weekly loss due to concerns about the interest rate gap between Japan and the United States.
• The dollar stabilized against most major currencies in a negative manner as trading continued to be calm due to Wall Street's return from the official holiday.
• Gold prices have risen 28% this year, driven by interest rate cuts and geopolitical tensions.
🟠 Bitcoin is falling as a record year approaches, with the cryptocurrency trading at around $94.5K, about $14,000 below its all-time high reached on December 17.
- The current decline reflects expectations of a slowdown in US interest rate cuts in 2025.
• Despite the US interest rate being cut by a quarter point, the dollar received significant support yesterday evening from the Federal Reserve and Jerome Powell's statement.
• The Federal Reserve's statement indicated that inflation expectations will be higher than previous expectations for 2025.
• The Federal Reserve has given public hints that it will slow down the interest rate cut process for 2025.
• Which led to the fall of currencies, metals and gold against the dollar.
• Today we are witnessing a process of profit-taking and the return of the dollar to a relative decline due to profit-taking operations.
• While we await the growth expectations for the US GDP this evening at 4:30 Saudi time.
⬅️ If growth declines below 2.8%, the dollar will lose part of its profits and return to decline against currencies.
👈 As for Japan, interest rates were fixed and only one member supported raising the interest rate, which led to a significant decline in the yen.
• Markets are also awaiting the British interest rate decision, which is expected to remain at 4.75%, but the British Central Bank statement may or may not hit the pound.
🔴 Billionaire Ray Dalio, founder of Bridgewater Associates, warned of a worsening #الديون problem around the world that threatens the status of money as a store of wealth and directs attention towards #الذهب and crypto assets.
• At dawn on Tuesday, the Australian Central Bank kept the interest rate as it is at 4.35%.
⬅️ The Australian Central Bank gave signals that it is looking forward to cutting the interest rate in the coming weeks after assurances of a decline in inflation.
• Therefore, we witnessed a decline in the Australian dollar against other currencies.
• In general, the US dollar is still in a better position against currencies such as the euro, franc and pound.
👈 Tomorrow, Wednesday, we will witness an important day awaiting the release of US inflation indicators that will determine whether the Federal Reserve will cut interest or fix it on the 18th of this month.
⬅️ If inflation actually rises as expected to 2.7%, the Federal Reserve may not move to cut it and thus support the rise of the dollar, and vice versa.
⬅️ Also, tomorrow, the Canadian interest rate decision is expected to be reduced by half a point.
There are two major catalysts this weekend that could send gold higher this evening when trading opens again:
1) China announced that it is buying gold for its official reserves again after a six-month hiatus:
- In June, when China announced that it was stopping gold purchases, the yellow metal fell by $82 per ounce, or 3.45%, in just one day, while silver saw an even sharper decline, falling by 6.85%.
2) The Syrian government has fallen and the Assad family has left after more than 50 years of rule.
- In addition, Israel is now bombing various targets inside Syria to prevent rebels from obtaining weapons from the former Syrian army.
🏡 “I still believe that buying a house is the best investment anyone can make.”
• John Paulson
- Paulson refers in his quote to the importance of investing one’s money in trading, but on the condition that one organizes his expenses. Trading is risky, and no trader should risk more capital than he can afford to lose. Although trading is an opportunity to grow your capital, it should not be at the expense of your peace of mind or your ability to cover your daily expenses.
🎆 Did you know?
◀️ Paulson was one of the few who got the timing right after realizing that the real estate bubble was about to burst. Paulson proceeded to sell short collateralized debt obligations, after seeking banks to issue credit default swaps.
• Bitcoin exceeds $ 100,000 and breaks more records.
⬅️ This rise came just hours after Trump announced the nomination of (Paul Atkins) to head the Securities and Exchange Commission.
• This statement is considered dangerous as Trump wants to replace (Gary Gensler), who is considered an enemy of digital currencies, with Paul, who is considered one of its most important supporters.
• Yesterday, Powell stated that the US economy is very strong and that he may slow the pace of interest rate cuts, which is supportive of the dollar.
📊 Today, the markets are awaiting the release of the US unemployment claims statement at 4:30 Saudi time.
👨🦳 Bitcoin breaks $100K barrier for the first time in its history, supported by Donald #Trump's announcement of nominating a cryptocurrency supporter to head the US Securities and Exchange Commission. #BTC
• سجل من خلال الرابط أدناه وقم بإيداع الف دولار بحسابك .. من ثم تواصل معنا لإضافتك لقناة التوصيات المجانية / تشمل خطة عمل كاملة قبل البدء .. 👑
⬅️ رابط تسجيل حساب جديد :
https://one.exnesstrack.org/a/2le129neo2
👑 تراخيص كثيرة أهمها البريطانية والألمانية 👑 سحب وإيداع فوري بطرق متعددة 👑 سبريد منخفض دون عمولات إضافية 👑 خيارات تصل لأكثر من 80 عملة 👑 رافعة مالية لغاية 1:500 👑 دعم فني مباشر 👑 حسابات إسلامية خالية من الفوائد 🌟 تداول عملات رقمية 7/24
📊 بإمكان المتداولين المسجلين مسبقاً مع الشركة الدخول للقناة الخاصة مجاناً بعد نقل الحساب لوكالتنا (تواصل معنا لإعطائك طريقة النقل) ..
💎 الحد الأدنى للايداع الف دولار / للتوافق مع خطة العمل المعطاة من قبلنا .. 🪙
• سجل من خلال الرابط أدناه وقم بإيداع الف دولار بحسابك .. من ثم تواصل معنا لإضافتك لقناة التوصيات المجانية / تشمل خطة عمل كاملة قبل البدء .. 👑
⬅️ رابط تسجيل حساب جديد :
https://one.exnesstrack.org/a/2le129neo2
👑 تراخيص كثيرة أهمها البريطانية والألمانية 👑 سحب وإيداع فوري بطرق متعددة 👑 سبريد منخفض دون عمولات إضافية 👑 خيارات تصل لأكثر من 80 عملة 👑 رافعة مالية لغاية 1:500 👑 دعم فني مباشر 👑 حسابات إسلامية خالية من الفوائد 🌟 تداول عملات رقمية 7/24
📊 بإمكان المتداولين المسجلين مسبقاً مع الشركة الدخول للقناة الخاصة مجاناً بعد نقل الحساب لوكالتنا (تواصل معنا لإعطائك طريقة النقل) ..
💎 الحد الأدنى للايداع الف دولار / للتوافق مع خطة العمل المعطاة من قبلنا .. 🪙
🔴 US stocks rose during trading on Wednesday, December 4, with shares of Salesforce and Marvel Technology rising on the back of strong quarterly earnings.