We will shed some light on what is happening in the financial market, forex, stock, and crypto.

Forex and stocks

GBPUSD

for the first time in six days, we see this pair is up and the daily candle is green, and this happens because the data of retail sales came from the USA was negative, so it made the USD loses some of its gains made by the bonds yields, however, this is NOT the only reason, a big announcement is waited to be released today, in 3 hours the US federal reserve will release the interest rate, and we are liking at 3 scenarios:-

A:- they raise it to 0.50%, in this case, the markets will be painted green. ( Good for the market)

B:- they raise it to 0.75, this option is forecasted since the last week, and we are anticipating the same current situation as it is right now ( No change in the market).

C:- they raise it to 100%, and in this case, the drop in the markets will be even more than what we saw this week.

Stocks

The situation in the stocks market is the traders are so cautious now, everyone is waiting for the
data to be released, so almost all stocks now are trading in a tight range.

Crypto

BTC made about 7% so far today, and that's because there are rumors that the master strategy ( a company) has bought BTC with over 500$ Million.

Please, guys, be so careful today, the interest rate of June usually is the roughest one of the year! I prefer if you just sit and watch, I'm 7 years old in this industry and I will just sit and watch to save my money.

If there is anything I can help with, please feel free to reach out to me.
yours, Yasser Alaa.