Mould: brexit strengthens sterling and euro

On Monday, February 27, Britain and the European Union reached a brexit agreement on Northern Ireland. Prime Minister Richie sunak said that he would ensure the smooth progress of British trade, protect Northern Ireland's status in the UK and end uncertainty. The deal provides short-term support for the pairing of sterling and the euro with the dollar. However, it is impossible to expect long-term and sustainable growth. In addition, the update of sterling/US dollar and euro/US dollar currency pairs to this week's lows may be accompanied by a surge in seller activity.

Mold: USD may continue to grow

Given the high probability that the Fed will further raise the key interest rate, the demand for us dollars may remain stable. In addition, we have seen it strengthen against most currencies. Therefore, there is a risk that the sterling/US dollar and euro/US dollar currency pairs will resume their downward trend. I will also pay attention to the fact that the quotation of these currency pairs is close to the really strong level of technical support. Therefore, a strong dollar bullish fundamental factor is needed to develop a stronger sales wave.

Mold: American economy

It should be truly powerful, because the data released yesterday about the unexpected and substantial growth of new home sales and durable goods orders in the United States was completely offset by the news that Northern Ireland signed an additional brexit agreement. In view of all this, I can assume that investors are waiting for the release of the results of the Fed's key interest rate vote and subsequent comments. After all, the question now is how much the US regulator can raise interest rates and how long the process will last.

Mold: gold - less than $1820

Now let's turn to gold, which failed to return above the technical resistance level of $1820 per ounce. At the same time, there will be little change in the quotation that breaks even is fixed above it. After all, the main bearish basic factor is still the monetary policy of U.S. regulators. The increase of key interest rate will further increase the yield of government bonds, thus reducing the investment attraction of gold. Therefore, there is still a risk of further decline in gold prices.

Mold: bitcoin is trying to become powerful

The cryptocurrency market is similar. The purpose of further tightening monetary policy by the Federal Reserve is to reduce purchasing power, which in turn leads to a decline in the interest rate of risky assets. Therefore, the risk of bitcoin returning below 22000 is still rising. In addition, Ethereum is ready to return below 1600 and move towards the 1500 mark, or even lower. But at the same time, there is a risk of forming a wide range of long-term sideways. In fact, bitcoin has been trading sideways since 2022 in mid June, and only its fixation above 25000 will indicate that mood has changed. So far, there is a risk of developing a deeper decline wave, which is still the main situation.

This is for me. Pay close attention to the news and be prepared for all surprises in the market.

Cryptocurrency \\black gold market \gold \us dollar \euro US dollar