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Market in Review 12/3/2024 – The Concept Trading
BySilas WMARKET REPORTAmerica is now unburdened by what has been Villa Ramatuelle (12.5m E) You were found in clear conditions. But you’re handsome in the fog. “Voters seem to forget when politicians ‘give’ you money, it is the voters’ money they have already taken.” Day in Review:Today:DATA:– JOLTS above expectations– Headline JOLTS rose to 7.744mln, up…
HSI Index Falls to November Low
BySilas WToday, the Hong Kong stock index HSI (Hong Kong 50 on FXOpen) is showing downward momentum, dropping below 25,200 for the first time since mid-October. Factors adding to selling pressure include (according to media reports): → Tech sector slump: Hong Kong is following the US, where investors have started offloading tech giants’ shares amid fears…
XAU/USD Analysis: Gold Price Drops to $2,600 per Ounce
BySilas WOn November 4, when gold was trading around $2,750, we observed bearish signals on the XAU/USD chart. Since then, the price has declined to the $2,600 level, briefly dipping below it — the lowest price since mid-September. According to Trading Economics, investors may be losing interest in gold for several reasons: → Strong U.S. Dollar:…
Rebuilding institutional execution around Exch-traded transparency – e-Forex
BySilas WScope Prime has entered the futures & options space at a time when OTC markets remain dominant in many segments. Why now? Because the execution landscape is recalibrating. Over the past few years, institutions have become significantly more sensitive to execution integrity, margin efficiency, and counterparty concentration. In parallel, capital costs have risen, regulatory scrutiny…
how to draw resistance and support?
BySilas WUnderstanding Resistance and Support in Technical Analysis Support and resistance levels are fundamental concepts in technical analysis that help traders identify potential price reversal zones. These levels act as psychological barriers where buying and selling pressures meet, thereby influencing market direction.How to draw resistance and support? What is Support in Trading? Support is a price…
Market Analysis: Gold Price Takes Hit While WTI Crude Oil Eyes Upsides
BySilas WGold price is declining below the $2,700 support zone. Crude oil price is rising and it could climb further higher toward the $75.00 resistance. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today · Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar. · There is a…