Night star

#EURUSD
$EUR
achieves gains for the fourth consecutive day on Tuesday, reaching levels above 1.1790 for the first time since early July. Investor expectations regarding a "dovish cut" from the Federal Reserve on Wednesday keep the US dollar in a weak position, ahead of the release of sentiment data from the German ZEW and industrial production figures for the Eurozone.

The upcoming predictions for gold: Rise or Fall ..!
AUXUSD#$

The latest Kitco News survey for gold shows that Wall Street sentiment remains overwhelmingly bullish ahead of the anticipated interest rate cut from the Federal Reserve, while "Main Street" investors have tempered their bullish sentiment following recent gold gains. Darren Newsom, a senior market analyst, stated that it is likely to be higher. Assuming that the majority of market participants are correct about the Federal Reserve's interest rate cut next week, I expect gold to benefit from the news. The higher prices will be in place. However, if the Federal Open Market Committee surprises the market by keeping interest rates unchanged, we may see a sell-off on the news due to profit-taking." James Stanley, senior market strategist at Forex.com, stated: "Bullish. No point in reversing now, and there is still no evidence that the rally has ended."

Ripple (XRP) Currency #XRP$
Profit as deadlines set by the SEC approach

The Securities and Exchange Commission (SEC) continues to postpone its final decisions regarding the applications submitted to create spot exchange-traded funds (ETFs) for Ripple (XRP), including the Franklin XRP ETF application submitted in March. A decision on this matter is expected to be issued on November 14, while the deadlines for the remaining ETF applications have been set between October 18 and 25.

Currency #USDC

About 90% of the reserves of the USDC stablecoin are under the control of BlackRock 📈

Nearly 9 out of every 10 units of the digital dollar USDC are held under the supervision of one of the largest investment firms in the world – BlackRock. This raises interest and concerns among market participants regarding centralization and the potential security risks of digital assets.

Where are the next gold levels? And is the interest rate cut priced in the markets?

Gold Spot US Dollar#

The gold market is witnessing a state of intense anticipation ahead of the US Federal Reserve's announcement regarding the interest rate cut decision, expected on Wednesday, September 17, in the evening. We are aware that expectations indicate a cut of 25 basis points, with the possibility that the cut could reach 50 basis points, raising questions about the impact of this decision on gold prices today and the future trading of the yellow metal ...

Currently, gold is trading at levels of $2650 per ounce, which is close to its historical high of $2674. This situation makes gold the center of attention for traders and investors, especially with expectations of it rising to higher levels if the interest rate cut occurs. Short-term investors interested in buying gold before the announcement find that the market is already reflecting expectations of the interest rate cut.

Economists expect the Federal Reserve to lower interest rates next week, and at least once more in the year #2025.

The economists surveyed anticipate that labor market gaps will likely push the Federal Reserve to implement a series of interest rate cuts in the coming months, starting next week.

The average forecast indicates two interest rate cuts by the end of the year, but a large majority (more than 40%) expect three cuts.

Among those expecting two cuts, there is a nearly even split on whether the second cut will come in October or December.

Do not pretend, be real ...just 💥