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Saudiarabia

ESM 2023 LONG + ANALYSISFor ES : we have OB in weekly TF (4189.50) so we want to see it like a support, and we have relative equal highs in (4247.75) we want to see it a target for the week In the daily TF we have a balance price range (BPR) from (4186.50-4175.75) , and we've drop to 50% of the daily range (4178.25) . note: weekly and daily we have a bullish bias In the H4 market has dropped to BISI (4181.75-4162.75) , and also in H1 has dropped to FVG (4182.00-4173.75). note: H4, H1, also bullish. Now my first target is 50% of the range 4208.00 then: 4214.25 4218.50 4232.00
CME_MINI:ESM2023Long
by NizarBenzin
Quick analysis on MARKGood afternoon dear Qatari traders, I received some questions from some day traders about whether if it's possible to buy MARK tomorrow's trading session and I want to share my idea to the public. You must wait for the confirmation of the break of the VWAP since it broke it and came back to pullback on it, be patient and wait for tomorrow's session to end to see how the market will close. Follow for more analysis and if you got any questions don't hesitate to ask!
QSE:MARKLong
by YassineAnalysis
Quick analysis on 2222Good evening dear Saudi traders! 2 months ago, I posted to buy 2222 (ARAMCO) at the perfect entry point, today thanks to god the market is going on its way up after breaking the level 0.5 of the pitchfork that's simulated by the blue line, now it's on its way up to reach the level 0. Keep holding your positions for now. I can't share the pitchfork analysis to the public that's why I simulated the levels with the blue lines. Don't hesitate to ask in case you have any question!
TADAWUL:2222Long
by YassineAnalysis
Gold, China, BRICS vs. US Dollar HegemonyIn the contemporary global landscape, compelling arguments exist for a pro-Gold, pro-China, pro-BRICS case and a pro-US, pro-USD case. This extensive analysis will explore both perspectives, starting with the pro-Gold, pro-China, and pro-BRICS cases. The global commodity supply and demand pricing dynamics reveal a shift in gold businesses from the US to China. Since 2013, gold demand in Asia has led to the migration of vaults, physical and financial trading operations, and even exchanges to the East. This shift signifies an increasing connection between oil, gold, and the Chinese Yuan, as evidenced by the gold-for-oil trade between Russia and China in 2017. Rumors of Saudi Arabia using renminbi from oil sales to buy gold on the Shanghai Exchange also indicate a growing connection between these commodities and the Chinese currency. The BRICS coalition (Brazil, Russia, India, China, and South Africa) has formed to counter G7 control and assert their interests in the global landscape. The US freezing Russia's foreign currency reserves and cutting them off from the SWIFT system has catalyzed the emergence of Bretton Woods III, a new era of commodity-based neutral reserve currencies. As the US hegemony declines, a new world order with multiple powers based on commodities production and trade is emerging. However, the pro-US, pro-USD case argues that despite concerns surrounding the dollar's hegemony, it remains a crucial player in global transactions. China's economy faces growing debt, an expanding real estate bubble, and potentially inflated GDP numbers. Moreover, the yuan (RMB) faces significant challenges in becoming a globally accepted reserve currency, primarily due to China's capital controls, illiquid markets, and authoritarian governance. In contrast, the US dollar remains dominant in global central bank reserves and transactions. This is partly due to the dollar's resilience and the perception of the US's security and stability. Although reserves have shifted for countries with closer trade relations with China, the US dollar remains the world standard. The push for de-dollarization has gained momentum recently, particularly after the Russia-Ukraine conflict and Western sanctions against Russia. However, moving away from the US dollar system is challenging for several reasons, including the US dollar's dominance in global markets, the yuan's limitations as a globally accepted alternative to the US dollar, OPEC members continuing to price their oil in US dollars, and the obstacles faced by BRICS nations in creating a new currency to facilitate trade and promote de-dollarization. In conclusion, while there are signs of a shift in the balance of global reserve currencies, it is premature to predict the decline of the US dollar's dominance in international markets. The pro-Gold, pro-China, pro-BRICS case highlights the increasing role of gold and the emergence of a new world order with multiple powers based on commodities production and trade. However, the pro-US, pro-USD case emphasizes the resilience and stability of the US dollar and the challenges faced by alternative reserve currencies, such as the yuan, in replacing the US dollar on a large scale in the foreseeable future.
by BitcoinMacro
The USD, China and the De-dollarization challengeThe US dollar has maintained its status as the world's dominant reserve currency for decades, thanks to its perceived security, resilience, and the depth and liquidity of US markets. Despite concerns surrounding the dollar's hegemony, it remains a crucial player in global transactions. Meanwhile, China's economy faces challenges, such as growing provincial government debt, an expanding real estate bubble, and potentially inflated GDP numbers. In addition, China's need for US dollars and the push for de-dollarization by countries like Russia, China, Iran, and Saudi Arabia have gained attention. This analysis will explore these issues in depth and examine why moving away from the US dollar system is complex. China's increasing debt, falling real estate prices, and the growth of its banking assets to around 55% of Global GDP are all causes for concern. The country's M2 money supply has grown at a 9% yearly rate, reaching HKEX:40 trillion, more than double its GDP. If China's GDP numbers are indeed inflated, as suggested by the Brookings Institution, this could exacerbate the problem. Moreover, the yuan (RMB) faces significant challenges in becoming a globally accepted reserve currency, primarily due to China's capital controls, illiquid markets, and authoritarian governance. In contrast, the US dollar remains dominant in global central bank reserves and transactions. This is partly due to the dollar's resilience and the perception of the US's security and stability. Although reserves have shifted for countries with closer trade relations with China, such as Indonesia, Malaysia, Hong Kong, Singapore, and Chile, the US dollar remains the world standard for now. The push for de-dollarization has gained momentum recently, particularly after the Russia-Ukraine conflict and Western sanctions against Russia. Countries like Russia, China, Iran, and Saudi Arabia seek to move away from the US dollar system to reduce their dependency on the US economy and gain more control over their financial systems. However, moving away from the US dollar system is challenging for several reasons. First, the US dollar's dominance in global markets ensures its continued importance in international trade. Even if countries like China and Russia attempt to shift away from the dollar, many other countries will likely continue to rely on it for their transactions, as it provides stability and liquidity. Second, while the yuan is gaining prominence as a reserve currency, it still faces significant hurdles in becoming a globally accepted alternative to the US dollar. China's capital controls, illiquid markets, and authoritarian governance make it difficult for other countries to trust the yuan as a reliable reserve currency. As a result, it is unlikely to replace the US dollar on a large scale in the foreseeable future. Third, OPEC members continue to price their oil in US dollars, despite the currency's decline relative to other world currencies. Economic, technical, and political factors prevent them from switching to other currencies or a basket of currencies. The benefits of such a switch are limited, and it would not benefit all OPEC members equally. Furthermore, the US will unlikely allow OPEC to disregard the dollar without consequences. Finally, the BRICS nations (Brazil, Russia, India, China, and South Africa) are reportedly considering creating a new currency to facilitate trade and promote de-dollarization. However, this plan faces several obstacles, such as political disagreements among the BRICS countries and convincing other nations to adopt this new currency. Additionally, the benefits of a new BRICS currency are uncertain, and it may not be enough to destabilize the US dollar's dominance in global markets. In conclusion, while there are signs of a shift in the balance of global reserve currencies, it is premature.
by BitcoinMacro