Dollar, Gold and Coin Markets Forecast / A Look at the Financial Markets May 17, 1401
According to Tejarat News, on the 17th day of May, all financial markets except the dollar had an upward trend. The dollar decreased by 104 tomans to 27,952 tomans.
Bitcoin forecasting
Michael Vandupop, analyst Cryptography Market In his new video on YouTube, he hoped that the downturn in the tool market would end. “Defi Altcoins have even dropped in material up to 90% of their price ceiling, and it looks like it’s time to return to the market. “We are at a stage where market participants are beginning to accumulate and prepare for the next uptrend.”
Silvio Michali, a professor at the Massachusetts Institute of Technology and a cryptocurrency analyst, provided research on the next 10 years of blockchain trends. He believes that blockchain will become a financial tool for traditional institutions within the next 10 years.
“The low transaction costs of digital currencies keep them alive. “Of course, the few networks that are suitable for transmission are more durable in the market.”
We live in an era of the emergence of various cryptocurrencies. Like the time of the Industrial Revolution, when many non-functional industries later disappeared. Even now, it seems that currencies that will benefit humans in the future will make good progress.
Is bitcoin peaking again?
Bitcoin has a high power consumption. In some cases, even a small country consumes more electricity, but it is a store of global value. Although some digital currencies consume less, Bitcoin has a special place in the cryptocurrency market. Cryptocurrency market strategist Lynn Alden believes that bitcoin will soon reach its peak and be used as the dominant currency.
“I think digitalization of money is inevitable. But the big question is, which digital currency wins? “Is bitcoin strong enough to compete with the central bank’s digital currencies?”
Alden believes that bitcoin, unlike other high-risk assets, is not an intermediary’s debt to the people and is therefore valuable. In addition, this type of asset is easy to carry. It can also be hidden in transactions. So you can open an account on Bitcoin as an insurance.
It cannot be said that bitcoin is necessarily growing. The bitcoin trend has not risen until the significant resistance of the $ 40,000 channel is broken.
Forecast the stock market tomorrow
In today’s deals Exchange Experienced a growth of 0.9 percent and stood at the level of 1,543,000 units.
“Tomorrow’s trading will experience a balanced and upward trend, but in general the market trend is balanced,” Ahmad Eshtiaghi, a financial markets expert, told TradeNews.
Referring to the transfer of Arvandan Shipbuilding to Shasta, he explains: “It remains to be seen at what price this ship will be transferred and whether it can add value to Shasta’s portfolio.” But in general, this transfer does not have much effect on the process of Shasta share.
This financial market expert continues: The transfer to Shasta is done at the current price. On the other hand, because investment companies trade at 60% of their NAV price. Therefore, it has little effect on Shasta transactions.
Dollar price forecast
“Everything depends on Borjam,” Abdullah Meshkani, a financial markets expert, told Tejarat News. Even now Dollar It is completely influenced by Borjam, and if there is good news from the negotiations, the dollar will go down to 25,000 tomans, and if this does not happen, in my opinion, the price of the dollar can break the previous ceiling and go up.
He also stated: If the price of the dollar remains stable, the fluctuations of the dollar will fluctuate between 27 and 28 thousand.
Gold price forecast
In an interview with Tejarat News, Abdullah Meshkani, a financial markets expert, said: gold price It depends on the dollar and part of it depends on the global ounce.
He continued about the global ounce: with the printing of the money that the United States has had so far, the price of world gold should have gone up. The factor that has kept prices from rising is that the United States is pursuing a contractionary policy.
“If the United States continues this monetary policy, gold will remain at the same prices and may even fall,” Meshkani said. Of course, these predictions are in the absence of anything new in US monetary policy and the news of the Russia-Ukraine war and, in turn, of China’s policy.
Also, Milad Sadeghi, another financial market expert, said about the trend of Dahli gold: the growth limit of one million and 450 thousand Tomans for gold this year can be considered.
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