Hello world, how are things today? The rain has yet to fall; farmers are longing for its arrival so they can resume planting rice in their fields.
Back to my trading journal today. I am jotting down a few notes about my forex trading activities, including the profits and losses along the way.
Today, I hold an active long position in silver. Both gold and silver have been affected by the strengthening US dollar, driven by rising US Treasury yields. The prospect of a Federal Reserve interest rate hike later this year is also putting further downward pressure on gold.
Bitcoin has also been impacted by the strengthening dollar, dropping to the $83k range. The Fear and Greed Index stands at 61; while the market remains greedy regarding crypto assets, the level has decreased compared to before.
WTI crude oil is hovering around $88.40, showing a somewhat bearish trend, though there is still potential for a rebound should tensions escalate.
