Forecast of dollar and gold markets / 60 seconds with financial markets today, March 7th
According to Tejarat News, the prices of gold, coins and dollars had an upward trend today due to the political and economic news. The stock market also grew 20 in today’s market.
How likely is it that Bitcoin will fall to $ 35,000?
The market value of cryptocurrencies has plummeted to $ 1.7 trillion. The market value at the time of the peak Bitcoin price was about $ 3 trillion.
Bitcoin’s next support is in the $ 35,000 range, and if the $ 38,000 range is lost, it is likely that Bitcoin will fall to $ 35,000.
It seems that now, however, there are signals of a return of the price in the range of $ 38,000. The relative strength and volatility indicators are issuing a buy signal and it seems that the price is currently in this range.
Great risk
The biggest risk these days for the cryptocurrency market is not war but US interest rates. According to Powell, the Federal Reserve plans to raise interest rates by 0.25 percent in the March 15 or 16 session.
An increase in interest rates will cause capital to flee financial markets, including cryptocurrencies, and as interest rates rise, the price of bitcoin will definitely fall.
Stock market growth
Today, the stock market experienced a growth of 20,327 units and finally reached the level of 1,342,000 units.
The largest inflows of real money into the market were in chemical products, petroleum products and the extraction of metal ores. Legal entities, on the other hand, favored groups of banks and credit and insurance institutions and the pension fund.
Growth of the total stock market index
According to the data of the Stock Exchange and Securities Company, today the total homogeneous index increased by 0.8% and reached the range of 341,520 units.
Traders traded 563,468 trades worth 65,797 billion tomans on this day.
Today, the symbols of Kegel, Parsan, Taipko, Vaghdir, Shanbadar, and Mines and Steel had the most positive impact on the overall stock index. Also, the symbols Shasta, Hekeshti, Khodro, Vatjarat and Webmelt had a negative impact on the overall stock index.
Gold, coins and dollars
Prices of dollars, gold and coinsToday, March 7, there are fluctuations. The price of the dollar Which was ready down to 25,440 tomans yesterday, the day increased in the middle. Subsequently, some telegram channels announced the dollar rate up to 25,650 tomans.
Today, these channels announce the price of the dollar in the open market so far, between 25,600 and 25,750 tomans. This is while yesterday, the beginning of dollar transactions was 26 thousand and 600 tomans, but it continued to decrease.
In recent days, there have been rumors about Russia’s request for a guarantee from the United States Vienna talks It’s been published. Following sanctions against Ukraine following the invasion of Ukraine, Moscow has asked Washington for a written guarantee to protect its rights to cooperation, economic relations and investment with Iran in connection with the UN Security Council (ISNA).
This seems to have eroded traders’ optimism about a quick deal and halted the dollar’s downward trend.
In the gold and coin market, prices are also rising. gold price At the time of writing, this news has reached 1 million 205 thousand 36 tomans.
Prices for coins Also, 11 million and 940 thousand tomans have been registered now. The price of the old design coin is also increasing and according to the announcement of the Tehran Jewelry Union, at the moment of preparing this news, it will be traded at the rate of 11 million and 850 thousand Tomans.
Price now Ounce Influenced by news of the Ukraine-Russia war, it has risen to $ 1997. Some experts believe that global gold could once again enter the $ 2,000 channel.