In a tour of commodity and metal prices, we see that gold It is trying to hold on and maintain $1800 levels, following the price jump it recorded last month, as a reaction to seven months of declines, in which it recorded its last bottom at $1611 levels.
As for silver prices, they are still inside an upward wave for the fourth consecutive month, since recording the last bottom at $17.55.
The dollar, which is considered the primary concern regarding the interest decision, is still recording strong gains since the beginning of the year by more than 9 percent, despite the declines incurred by the dollar index from its highest level in 2022.
at 114.75.
We see that the euro, which constitutes the largest percentage in the index that measures the strength of the dollar once morest 6 major currencies, is trying to continue to compensate for its large losses this year, especially following it fell below the parity level with the dollar for the first time in more than 20 years, as the European currency continues to rebound. for the third month in a row.
As for the British Pound, which is trading at the highest level in 5 months, following its sharp rebound from the historical low it recorded at 1.03 levels, it is currently trading above $1.22 levels.
Finally, for the US market, the Dow Jones Industrial Average is still trying to maintain levels of 34,000 points, following the strong rebound it recorded in October from levels below 28,700 points.
The Standard & Poor’s 500 index, which gives a larger picture of the state of the US market, is trying to recover the important area at 4,000 points. The same applies to the Nasdaq index with levels of 12 thousand points.
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The markets have already priced these expectations, and therefore any surprise that occurs on this front will, of course, lead to a strong reaction represented by sharp price fluctuations.
In addition to a meeting Federal Importantly, there is inflation data, which the markets are also eagerly awaiting.
In a tour of commodity and metal prices, we see that gold It is trying to hold on and maintain $1800 levels, following the price jump it recorded last month, as a reaction to seven months of declines, in which it recorded its last bottom at $1611 levels.
As for silver prices, they are still inside an upward wave for the fourth consecutive month, since recording the last bottom at $17.55.
The dollar, which is considered the primary concern regarding the interest decision, is still recording strong gains since the beginning of the year by more than 9 percent, despite the declines incurred by the dollar index from its highest level in 2022.
at 114.75.
We see that the euro, which constitutes the largest percentage in the index that measures the strength of the dollar once morest 6 major currencies, is trying to continue to compensate for its large losses this year, especially following it fell below the parity level with the dollar for the first time in more than 20 years, as the European currency continues to rebound. for the third month in a row.
As for the British Pound, which is trading at the highest level in 5 months, following its sharp rebound from the historical low it recorded at 1.03 levels, it is currently trading above $1.22 levels.
Finally, for the US market, the Dow Jones Industrial Average is still trying to maintain levels of 34,000 points, following the strong rebound it recorded in October from levels below 28,700 points.
The Standard & Poor’s 500 index, which gives a larger picture of the state of the US market, is trying to recover the important area at 4,000 points. The same applies to the Nasdaq index with levels of 12 thousand points.
