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Algorithmic trading and automated systems are nothing new in the financial world. Computer codes, complex mathematical models, and expert advisors have been executing the majority of transactions on global exchanges for years. Until now, however, this was mechanical automation that merely accelerated the execution of human decisions. The real turning point is occurring only now, when fixed programmable logic is being replaced by genuine artificial intelligence and machines capable of independently evaluating market context.
EUR/JPY is poised to continue its downside momentum unless bulls can decisively break through the strong resistance at 185.
Every trade in the financial market takes place between the price at which someone is willing to buy and the price at which someone is willing to sell. These two values are referred to as the bid and the ask, and understanding them correctly is essential for anyone who wants to trade knowledgeably and with better control over entering a position.
The gold price has faced intense selling pressure throughout the month. Although gold rebounded after hitting a fresh multi-month low on Monday, bulls failed to sustain upward momentum.
The British pound has remained strong against various currencies, including the dollar, the yen, and commodity-linked currencies, after the UK inflation data. Technically, although the short-term trend is positive, the detailed analysis indicates that bulls are finding it difficult to sustain the upward momentum.
Bitcoin surged past $71,500 on Monday following President Donald Trump’s announcement of a five-day pause on strikes against the Iranian energy sites. However, despite this sharp rebound, Bitcoin is having difficulty maintaining upward momentum, suggesting that sellers are still active.
Volatility has gripped markets throughout this month. Looking ahead, geopolitical tensions in the Middle East and concerns about inflation continue to be the main factors influencing market activity this week.
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