Forecast of dollar and gold markets / 60 seconds with financial markets today, March 8th
According to Tejarat News, The price of the dollar In today’s market, there was an upward trend and the number 26113 was recorded. gold price Coins also rose in price, but the stock fell 6,263 points.
American signal for bitcoin
Reuters reports that US President Joe Biden is likely to sign the executive order on digital currencies this week. The decree instructs the Ministry of Justice, the Treasury and other agencies to investigate the legal and economic consequences of the release of the Central Bank’s cryptocurrencies.
It was last year that Biden announced that it was considering expanding oversight of the digital currency market. According to reports and officials’ comments, the monitoring deals with the cryptocurrency market, the central bank’s cryptocurrency executive order, and countering the threat of ransomware and other cybercrime.
Biden’s mandate provides the Federal Reserve with an 180-day deadline for a series of reports and research on the future of money and the evolutionary role of digital currencies.
Stock forecasting
The stock market fell 6,263 today, March 8th.
Ali Assari, an economist, said about the stock market trend: “The market is in a balanced trend and we will probably have a decline in the first half of the market.”
Cryptocurrency Execution Command Signals for the Market
This news is one of the most important news for Cryptography Market Is. In the first place, cryptocurrency legislation in the United States may cause the market to collapse due to more oversight, but this is good for the market in the long run. Legislation reduces the risk of investing in the cryptocurrency market, allowing traditional capital to enter the cryptocurrency market.
On the other hand, the legalization of cryptocurrencies allows governmental and semi-governmental institutions to enter this market.
Bitcoin trades in the range of 34 thousand dollars and has increased by one percent compared to yesterday. The market has not yet reacted to the market.
Various US sources did not give an exact date for the signing of the decree, but some sources claimed that Biden’s executive order would be signed on Wednesday.
Dollar forecast
The dollar experienced an upward trend in the market today, and by the time this report was prepared, the figure was 26,113 tomans.
Ali Sadeghin, a financial markets expert, said about the forecast of this currency: if Borjam is signed, the dollar will enter the channel of 24 or 23 thousand Tomans.
The gold and coin market is stabilizing
Nader Bazrafshan, the secretary of the board of directors of the Gold Union, said in an interview with Tejarat News: “In the last two weeks, we had an increase of about $ 80 per ounce in the world. This increase has also affected the domestic markets of countries and caused Gold and Coin Market In our country, too, prices will increase.
Regarding the volume of transactions, he added: “Supply and demand in the market have decreased since February, because people do not have confidence in prices.”
Bazrafshan said about the current situation of the gold and coin market: “Of course, due to the increase in the global’s market, the market is currently in good stability and I advise people to easily make their purchases in the field of gold and coin artifacts.”
He predicted that the market could increase or decrease by two to five percent with different political and economic news.
Bazrafshan also said about the forecast of gold and coin market: this market can increase or decrease by two to five percent with different political and economic news.
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