Gold remained lower last week amidst the Euro strengthening as investors continued to cur their positions in Euro-gold. Moreover, lowering inflationary concerns in the US also reduced golds inflation hedge demand. Gold tracked losses in other assets after a drop in consumer sentiment index and falling TIC flows battered equities which resulted in the benchmark MSCI world index for stocks closing more than 2%.
-When the Dow fell below the 200-day moving average; -After the Dow closed above the 50-day moving average -When the Dow hit a new low for the year. -The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
A snapshot of borrowing in major sectors expected to take place over the next three years or so. Experts worry that the amounts are so large it could leave the weakest borrowers, including some governments, without access to funds, possibly triggering another economic downturn. http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
FOMC tweaks lower growth and inflation outlook by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
اليوم، كما في سنة 2023 و2021 و2020،تزامنت مستويات الدعم الحاسمةفي مؤشري أس أن بي 500وناسداكمع نقطة التقاء المتوسط المتحرك لمدة21 أسبوعًا والمتوسط المتحرك لمدة 100 يوم
Today, like in 2023, 2021 and 2020, crucial levels of support in the S&P500 and Nasdaq100 have coincided with the confluence pointof the21 week moving average and100 day moving average. Watch now
Latest Hot-Chart - Jul 17
Nasdaq100 Daily & Weekly
The triple top in weekly RSI suggests the following price and time implications: . PRICE: 18700. TIME: Duration of downside may last for another 3 to 4 weeks.
View Hot-Chart..
But I was too tired to really tally it with my charts. I think I will post your concern and comment on his site.
Ashraf
Watch this chart!!!!!
Tell what will happen next?
-When the Dow fell below the 200-day moving average;
-After the Dow closed above the 50-day moving average
-When the Dow hit a new low for the year.
-The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
read more
http://www.ritholtz.com/blog/2010/07/kilgore-beware-technical-trap-lower-lows/
http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
http://www.economy.com/dismal/map/default.asp
http://www.youtube.com/watch?v=ct4BxPxRBO0
the cuddle report.