{"id":10564,"date":"2024-03-13T09:53:08","date_gmt":"2024-03-13T09:53:08","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=10564"},"modified":"2025-04-09T08:28:23","modified_gmt":"2025-04-09T08:28:23","slug":"forex-market-analysis-insights-on-gold-silver-oil-sp-500-and-eurusd-amidst-economic-data-and-cryptocurrency-surge","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.net\/pt\/market_analysis\/forex-market-analysis-insights-on-gold-silver-oil-sp-500-and-eurusd-amidst-economic-data-and-cryptocurrency-surge\/","title":{"rendered":"Forex Market Analysis: Insights on Gold, Silver, Oil, S&amp;P 500, and EURUSD Amidst Economic Data and Cryptocurrency Surge"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\"><strong><u>CURRENCIES:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>Market Sentiment Analysis &amp; Outlook Summary (Mar 13, 2024):<\/strong><\/p>\n\n\n\n<p><strong>Gold Forecast:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Retail traders show a net-short bias in gold, with more bearish than bullish positions.<\/li>\n\n\n\n<li>Bullish bets have decreased by 9.67% from yesterday and 12.80% from last week.<\/li>\n\n\n\n<li>Bearish positions slightly down by 0.31% from yesterday but up 13.15% from last week.<\/li>\n\n\n\n<li>Contrarian analysis suggests gold prices may rise in the near term.<\/li>\n<\/ul>\n\n\n\n<p><strong>Silver Forecast:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A significant majority of traders (81.60%) are net-long on silver, indicating a bullish sentiment.<\/li>\n\n\n\n<li>Net-long traders have decreased by 7.08% from yesterday and 12.23% from last week.<\/li>\n\n\n\n<li>Net-short traders increased by 6.86% from yesterday and 21.81% from last week.<\/li>\n\n\n\n<li>Contrarian view hints at a potential downward price movement due to overwhelming bullish sentiment.<\/li>\n<\/ul>\n\n\n\n<p><strong>US Crude Oil Forecast:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>69.87% of retail investors are net-long on US crude oil, with a bullish to bearish ratio of 2.32 to 1.<\/li>\n\n\n\n<li>Net-long positions have decreased by 8.58% from yesterday and 17.45% from last week.<\/li>\n\n\n\n<li>Net-short positions rose by 17.58% from yesterday but slightly down by 0.48% from last week.<\/li>\n\n\n\n<li>Contrarian perspective suggests a possible decline in oil prices soon.<\/li>\n<\/ul>\n\n\n\n<p><strong>S&amp;P 500 Forecast:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>33.09% of traders are net-short, indicating a bearish to bullish ratio of 2.02 to 1.<\/li>\n\n\n\n<li>Net-short positions have increased by 4.42% since yesterday but are marginally down by 0.03% from last week.<\/li>\n\n\n\n<li>Net-long positions are up by 2.89% from yesterday and 4.76% from last week.<\/li>\n\n\n\n<li>The current net-short sentiment among traders implies potential for continued upward movement in the S&amp;P 500.<\/li>\n<\/ul>\n\n\n\n<p><strong>EUR\/USD Forecast:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>43.27% of traders are net-short on EUR\/USD, with a bullish to bearish ratio of 1.31 to 1.<\/li>\n\n\n\n<li>Bullish positions decreased by 0.73% from the previous session and 19.44% from last week.<\/li>\n\n\n\n<li>Net-short positions are 2.10% lower than yesterday but slightly higher by 0.28% from last week.<\/li>\n\n\n\n<li>The prevailing net-short positioning suggests EUR\/USD may face little resistance on the upside.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong><u>STOCK MARKET:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>S&amp;P 500 Achieves New Record:<\/strong><\/p>\n\n\n\n<p><strong>Financial Indicators:<\/strong><\/p>\n\n\n\n<p>Treasury Yields:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The 10-year yield rose by 5 basis points, reaching around 4.15%.<\/li>\n<\/ul>\n\n\n\n<p>Gold Prices:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dropped more than 1%, trading near $2,162.<\/li>\n<\/ul>\n\n\n\n<p><strong>Economic Data Insights:<\/strong><\/p>\n\n\n\n<p><strong>Inflation Data:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>February&#8217;s Consumer Price Index (CPI) showed a 0.4% monthly increase, aligning with expectations.<\/li>\n\n\n\n<li>Core CPI, excluding food and energy, rose by 0.4% monthly and 3.1% annually, surpassing estimates.<\/li>\n<\/ul>\n\n\n\n<p><strong>Federal Reserve and Market Sentiment:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The CPI data is critical for the Fed&#8217;s rate decision-making, with a focus on inflation trends before considering rate cuts.<\/li>\n\n\n\n<li>Market participants had anticipated stock movements of 0.9% in either direction before the CPI announcement.<\/li>\n<\/ul>\n\n\n\n<p><strong>Cryptocurrency and Corporate News:<\/strong><\/p>\n\n\n\n<p><strong>Bitcoin&#8217;s Rally:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin surged above $72,000, continuing its impressive growth with a nearly 70% increase this year.<\/strong><\/li>\n\n\n\n<li><strong>Predictions suggest bitcoin could reach up to $350,000 within the year.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Oracle&#8217;s Progress:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares soared about 12%, buoyed by advancements in cloud computing and a partnership with Nvidia<\/li>\n\n\n\n<li>Closed up approximately 1.2%, setting a new record high.<\/li>\n<\/ul>\n\n\n\n<p><strong>Nasdaq Composite Gains:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increased by about 1.5%, recovering from two days of losses.<\/li>\n\n\n\n<li>Nvidia&#8217;s 7% gain significantly contributed to the Nasdaq&#8217;s performance.<\/li>\n<\/ul>\n\n\n\n<p><strong>Dow Jones Industrial Average Rises:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Grew by roughly 0.6%.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Start your\u00a0<a href=\"https:\/\/www.vtmarkets.net\/cfd-shares\/us-cfd-shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">CFD Shares Trading<\/a>\u00a0journey with VT Markets now!<a href=\"https:\/\/www.vtmarkets.net\/#facebook\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.net\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENCIES: Market Sentiment Analysis &amp; Outlook Summary (Mar 13, 2024): Gold Forecast: Silver Forecast: US Crude Oil Forecast: S&amp;P 500 Forecast: EUR\/USD Forecast: STOCK MARKET: S&amp;P 500 Achieves New Record: Financial Indicators: Treasury Yields: Gold Prices: Economic Data Insights: Inflation Data: Federal Reserve and Market Sentiment: Cryptocurrency and Corporate News: Bitcoin&#8217;s Rally: Oracle&#8217;s Progress: Nasdaq<a href=\"https:\/\/www.vtmarkets.net\/pt\/market_analysis\/forex-market-analysis-insights-on-gold-silver-oil-sp-500-and-eurusd-amidst-economic-data-and-cryptocurrency-surge\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[18,19],"tags":[],"class_list":["post-10564","post","type-post","status-publish","format-standard","hentry","category-market_analysis","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/posts\/10564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/comments?post=10564"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/posts\/10564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/media?parent=10564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/categories?post=10564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pt\/wp-json\/wp\/v2\/tags?post=10564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}