DynamicCapital-FX

Economic Data Impacting the MarketOn December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy, went up by 0.2% for the month and 3.5% annually. Initial jobless claims for the week ending December 7 reached 242,000, significantly above the expected 220,000, indicating rising unemployment. These mixed signals highlight ongoing inflation pressures alongside a weakening job market.Fed Rate Cut Expectations ShiftAccording to the CME FedWatch Tool, the probability of a rate cut by the Federal Reserve in December has decreased to 96.70% from 97.50% a day ago, signalling changing market expectations.Now active.

Gold prices edged higher on Friday as the November U.S. job growth report indicated a gradual easing of the labor market, supporting expectations for further Federal Reserve rate cuts.

Gold prices were set for their largest weekly drop over three years on Friday. Expectations of less aggressive interest rate cuts by the U.S. Federal Reserve, which strengthened the dollar, drove the drop.Going short.

US economic data Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy.ECB rate cut  ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach.US dollar index- The US dollar index showed a minor decline due to profit booking.  A break above 104 would confirm a continuation of the bullish trend. Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.Closed.

Summary: • SOL/USD Movement: • Trading within a medium-term descending channel. • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey [+2/8]). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey [5/8]) and 125.00 (Murrey [4/8]). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.Expected target reached.

Gold Reserve Diversification: At the LBMA conference, central bank representatives shared that gold purchases are driven by financial and strategic goals.US Election Impact: Uncertainty over the upcoming presidential elections, with Trump and Harris closely tied in polls, is prompting banks to hedge risks.Geopolitical Risks: Tensions in the Middle East are also boosting gold, with Israel expressing readiness to target Iran's military infrastructure.Price Trends:Long-term trend: Upward, aiming to break the historical high of 2685.00. Potential targets: 2750.00 and 2810.00 if consolidation succeeds.Support and Correction: If the price drops to 2602.00, long positions toward 2685.00 are favourable. A breakout below 2602.00 could trigger a correction targeting 2546.00 and 2471.00.Medium-term trend:Correction: Last week’s correction did not reach key support at 2575.61–2564.61. If a reversal occurs, the price could rise to 2685.61 and potentially 2712.70–2701.70.Correction Scenario: If another correction develops, the price may revisit 2575.61–2564.61, followed by growth toward 2625.00 and 2685.00.Gold have reached our target, trade closed.

Hamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential:Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to see significant growth, with predictions suggesting it could reach $0.35 by the end of 2024 and potentially $1.50 by 2030.Community and Engagement: The game has built a strong, active community where players can share strategies and earn rewards. This community-driven approach is crucial for its long-term success.Technological Advancements: Hamster Kombat leverages blockchain technology, specifically The Open Network (TON), to ensure secure and decentralized gameplay. This integration of blockchain enhances the game’s credibility and appeal.Market Sentiment: Despite some volatility, the overall market sentiment for Hamster Kombat remains positive. The game’s unique blend of social interaction, gaming, and financial rewards positions it well in the growing play-to-earn market.Future Developments: Continuous innovation, such as new gaming modes, staking features, and strategic partnerships, will be essential for maintaining user interest and driving further growth.The market has hit our initial entry price.Second Trade active and market on the move.

BTCUSD is trading weak ahead of the US Non-Farm Payroll (NFP) data, having hit a low of $55,282 and currently hovering around $55,958.The number of large investors holding between 100 and 1,000 BTC has reached a one-month high of 16,120, indicating that whales are buying BTC at lower levels.BTC ETFs have experienced an outflow of $211 million, marking the seventh consecutive day of withdrawals.According to the CME FedWatch tool, the probability of a 25 basis point rate cut in September has dropped to 57% from 70% a week ago.US Markets:NASDAQ (negative correlation with BTC): Bearish but neutral for BTC, trading weak ahead of the NFP data. A close above 20,000 could push the index to 20,500.Technical Analysis:BTCUSD is trading below the short-term 34-EMA and 55-EMA, as well as the long-term 200-EMA on the 4-hour chart, indicating weakness.On the daily chart, BTC remains below both short- and long-term moving averages, confirming minor weakness.Support Levels:Minor support at $54,000. A break below could push BTC to $53,000/$50,000/$46,000.Bullish Scenario:Primary supply zone: $57,000. A break above this level could confirm intraday bullish momentum with potential targets of $60,000/$61,800/$63,000/$65,000/$67,000/$70,000.Secondary barrier: $70,000. A close above could target $75,000/$80,000.BTC hit ATHMarket have reached our target.

- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517.- **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%.- **Rate Cut Probability:** The likelihood of a 25 basis point rate cut in September has decreased to 57% from 70% a week ago (CME Fed Watch Tool).- **US Dollar Index:** - Bullish outlook with minor support around 101.20/100.50. - Near-term resistance at 102/102.80.- **Gold Price Drivers:** - **Global Stock Market:** Bearish, which is positive for gold. - **US Dollar Index:** Bullish, which is negative for gold. - **US 10-Year Bond Yield:** Bearish, positive for gold.- **Technical Analysis:** - **Support:** Near-term support at $2,470; a break below targets $2,449/$2,430. - **Resistance:** Minor resistance at $2,520; a break above could lead to $2,525/$2,530.Moving well.Moving 200+ Pips.

BTCUSD Performance: BTCUSD pulled back after reaching a minor top around $65,000, hitting a high of $65,103 and currently trading around $62,500.Rate Cut Probability: The probability of a 25 basis point rate cut in September increased to 71.50% from 71% a week ago (CME Fed watch tool).BTC ETF Inflows: BTC ETF saw an inflow of $202.51 million, with BlackRock attracting $224 million.US Markets: NASDAQ, which has a negative correlation with BTC, is bearish but neutral for BTC. NASDAQ is trading weak ahead of Nvidia earnings; a close above 20,000 could push it to 20,500.Trading duration - Long term.ATH