Predicting financial markets / falling prices in financial markets today, February 4th
According to Tejarat News, the Tehran Stock Exchange started its upward trend on Wednesday last week and finally entered the 1.3 million channel yesterday.
Today, the market trend was slightly volatile, but experts predict that the stock market will be bullish next week.
On Wednesday, the total index of the stock exchange after 31 units was at the height of one million and 301 thousand units. The overall homogeneity index also decreased by 0.08%.
Will the stock market rise?
“Next week, and especially on Saturday, the market will be trading at equilibrium points,” Ahmad Eshtiaghi, a financial markets expert, told TradeNews.
He emphasizes: Next week’s transactions will proceed in such a way that the index of 1.3 million units is maintained.
The financial markets expert continues: “Given the support that legal entities have for large stocks such as Famli, Foolad and Fars, and market conditions, we can not expect the index channel to decline and change.”
“The market will be balanced until Monday next week, after which it will take an upward trend,” explains Eshtiaghi.
“Next week, the market is moving forward based on today ‘s trading, one should not expect much increase,” he said.
Important news for the cryptocurrency market
Former Twitter CEO Jack Drussi has said that Meta launching the deim digital currency is a mistake and that Meta should focus on currencies like Bitcoin.
“Many bitcoin investors have been holders for more than five months, and the average purchase price of these investors is around $ 40,000,” said Wilwoo, a financial market expert on bitcoin. “I think these investors are not willing to sell their assets at a loss.”
The Indian government has recently proposed tax regulations for cryptocurrencies. Digital assets are subject to a 30% income tax.
Technical
In the four-hour Bitcoin chart, the Makdi indicator is issuing a bearish signal and the market is likely to fluctuate in the short term.
The relative resistance index is at 57 and it seems that this index is currently suffering.
mfi, which indicates the inflow of money into bitcoin, has taken an upward trend and is at 73, which indicates that the inflow of money into bitcoin is increasing.
Is the dollar declining for sure?
But is the foreign exchange market expecting such a decline? According to analysts, the downward trend of the dollar in the past two days has been influenced by three important factors. The first is the positive news that comes from the Vienna talks.
The second factor is the start of the sixth peak of the corona, which is said to have caused the Tehran foreign exchange market to put a reduction mechanism on its agenda in the face of previous strains of the corona virus. The third factor is to improve the country’s foreign policy and increase oil sales.
But it seems that the most important factor currently affecting the foreign exchange market is the news heard from Vienna. Yesterday, a White House official announced that the agreement had reached a final stage and that Tehran should make the final decision.
Today, a few minutes ago, the head of the National Security Commission announced that the conditions are ready to reach a good and win-win agreement. The news indicates that the nuclear talks have probably reached a favorable point, and the final news of the talks may be announced soon.
But the important point is that the foreign exchange market still does not have much hope for the news of the nuclear talks. It has been more than two months since the new round of Vienna talks began and no final result has been reached yet. Last time, in June of this year, just before the end of the Rouhani administration, positive news was heard from the negotiations, which did not continue but caused the dollar to fall in price.
