Dollar and Gold Markets Forecast / A Look at the Financial Markets April 24, 1401

The dollar, coins and gold declined today, according to TradeNews. The stock index was bullish and in the international markets bitcoin was bullish and atrium was bullish.

Bloomberg predicts the future of Bitcoin!

According to a recent Bloomberg report, prices are likely to fall if the “bearish flag” technical pattern is formed Bitcoin There are up to 26 thousand dollars.

Bitcoin had a tough week. For the first time since mid-May, it fell below $ 40,000 yesterday. According to Coinglass, approximately $ 439 million was dissolved in the cryptocurrency market in the last 24 hours. 88% of this liquidity was buying transactions.

The Federal Reserve’s belligerent move caused stocks and cryptocurrencies to plummet. The US Dollar Index (DYX), which measures the strength of the US dollar against a basket of foreign currencies, has reached above 100. This number was unprecedented in the last two years.

The cryptocurrency market was not alone this week, and the US stock market closed red on Monday. According to Bloomberg, Bitcoin is likely to move towards $ 37,000 support, and not returning the price in that range could be dangerous. In an interview with Bloomberg, Jeffrey Holly said that if Bitcoin loses the range of $ 36,500, the decline will be greater. If we break the $ 47,000 resistance, the market will rise.

Why did the stock market index grow?

Experts say that the decline of the glass hall was normal in the past few days. Today, the market returned to its normal routine and Saturday’s exchange is followed in the same way.

“The trend in stock market trading is normal,” said Payam Eliaskordi, a capital market expert. This decline and growth of the index can be attributed to the circulation of liquidity in the market.

Increase in the total stock market index

Based on data Stock Exchange and Securities CompanyToday, the total homogeneous index grew by 0.7% and reached the range of 382,969 units.

Traders made 481,427 trades worth 49,243 billion tomans on this day.

Today, the symbols of Foolad, Shebander, Famli, Shatran, Fars, and Ma’dan, Hamrah and Nouri had the most positive impact on the overall stock index. Also, the symbols of pride, car, khasapa, and trade and khostar had the most negative impact on the overall index.

Elias Dehkordi’s message predicted: The stock market index will be balanced on Saturday.

Dollar forecast

Lawyer, financial market expert on trends Currency market He said: “Because in the last few weeks, there was positive news about the return of Borjam, the price of the dollar was controlled. Since the news faded and almost reached a standstill, the price of the dollar has been rising and the government is trying to control the foreign exchange market with a series of news items, such as the release of resources.

Haghshenas continued: “If we return to Borjam, the economic realities will be psychologically affected and the price of the dollar will probably be somewhat controlled in the first half of the year.”

“As the government’s indiscipline debate and liquidity growth continue unabated, despite the fact that the government controls the printing of money, we are witnessing a monetary base rising in the statistics and a growing coefficient that has risen sharply,” the financial markets expert said.

He concluded: “If Borjam does not take place, psychological news will not be effective and the price of the dollar will rise significantly in the first half of the year and may even break the previous ceiling.”

American signal for gold

US Inflation It has reached the highest level in the last 40 years. media Inflation is reported to have reached 8.5 percent in March 2022, the highest figure since 1981. What are the consequences and message of this issue for the ounce market and gold buyers?

This could persuade the US government to raise interest rates. Rising interest rates, probably World price of gold Temporarily decreases.

Is the US raising interest rates?

Earlier, financial market expert Borzoo Haghshenas told Tejaratnews: “In the United States, after much discussion about inflation, interest rates rose by 25 percent to 50 percent. According to the roadmap of the Central Bank of this country, if all the conditions are met, the interest rate may reach 1 and 75 percent by the end of the year.

According to him, manipulating interest rates is very dangerous and can have a negative impact on the labor market and employment of countries. It can only be used as a cross-cutting policy to control inflation.

Haghshenas added: “But in Iran, there is a lot of focus on the issue of interest rates and sometimes it creates serious challenges.” The most important disadvantage of high interest rates is that production backs up, and in fact this approach threatens employment. While raising interest rates in the world is a temporary and cautious policy to control inflation. If, like countries like Iran and Turkey, the problem of creating liquidity persists, it will not lead to a specific result.

Ali Sadeghin, a financial markets expert, told Tejarat News about the recent gold trend: “An upward trend continues until the task of Borjam is determined.”

The latest news in the field of currency, gold and coins on the page Gold and currency Read Business News.