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CryptoLatino
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Bullish
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$PAXG
Feel very bullish. I closed 2 trades in profits today. I will open another trade
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Colombia's Economic Uncertainty: Peso Plummets Amidst Fiscal Rule Breach and Rising Violence #USDC✅ The Colombian peso has been under pressure, depreciating against the US dollar, amidst concerns over the country's fiscal stability and escalating violence. The government's struggle to maintain fiscal discipline, as outlined in the Regla Fiscal (fiscal rule), has contributed to the peso's decline. Key Factors Influencing the Peso's Decline: - Fiscal Rule Breach: Colombia's fiscal rule aims to ensure sustainable public finances. However, the government's inability to adhere to this rule has raised concerns among investors, leading to a decline in investor confidence and a subsequent depreciation of the peso that leads me to believe the dollar will 4,400 pesos really soon. - Rising Violence: The country is experiencing a surge in violence, particularly in the Catatumbo region, where clashes between the ELN guerrilla and dissident groups have resulted in significant displacement and loss of life. This has further exacerbated the economic uncertainty. Economic Impact: The peso's depreciation against the dollar, currently trading at around 4,206.9482 Colombian pesos per US dollar, may lead to increased inflationary pressures and reduced purchasing power for Colombians. The government's challenge lies in balancing fiscal discipline with the need to address the root causes of violence and promote economic growth Looking Ahead: The Colombian government's ability to navigate these challenges will be crucial in determining the country's economic prospects. Implementing effective fiscal policies, reducing violence, and promoting economic growth are essential to restoring stability and confidence in the peso.
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Based on my analisys I believe Gold to hit the 3400 USD in the following 48 hours. This is not financial advice, just my personal opinion.
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I just opened a position in Gold, here's why Gold prices #PAXGUSDT have surged to a fresh all-time high near $3,425, driven by the weakening US Dollar and escalating trade tensions. The controversy surrounding US President Donald Trump's potential removal of Federal Reserve Chairman Jerome Powell has raised questions over the Fed's independence, weighing heavily on the US Dollar. Trump's criticism of Powell's stance on interest rates has further fueled the uncertainty. *Key Factors Driving Gold's Price - Weakening US Dollar: The US Dollar Index has plummeted to near 98.00, its lowest level in three years, making Gold a more attractive bargain bet for investors. - Trade Tensions: Trump's imposition of tariffs and trade talks with partners like China, Japan, and Mexico have created uncertainty, boosting safe-haven demand for Gold. - Fed's Independence: Trump's potential interference in Fed policy-making has eroded confidence in the US Dollar, potentially bolstering inflation in the long run. *Market Outlook* While some analysts expect the safe-haven demand for Gold to diminish if trade talks progress, others predict continued volatility due to global economic uncertainty. Technically, Gold's strong run-up above $3,400 is supported by a one-year-old Rising Channel pattern, with key support at $3,245 and resistance at $3,500 in the 48 hours
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Big shout to you, I'm a fan of your YouTube. Many blessings 🙌
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Una vez caiga a los 100K voy a comprar inmediatamente para añadir a la operación que tengo abierta.
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