It closed barely above 1.21. The rise happened during last 15 minutes of trading. It leaves us with lots of questions, as always. But it's unlikely, that euro will go north any further than it did already. The main question is equity markets. They are about to crash big time. Will PPT manage to hold them at these levels? if yes, then there is the chance that euro will stabilize.
Why so much agitation about the euro? It's falling against the dollar, so what? The End is the same for everybody, Europe and the US, and others. What's happening is a rat race to salvation at the expense of the other.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months 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(11 months 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(11 months 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 (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months 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(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Oil may have shown it's top recently (~$83)
But it's unlikely, that euro will go north any further than it did already.
The main question is equity markets. They are about to crash big time. Will PPT manage to hold them at these levels? if yes, then there is the chance that euro will stabilize.
Why so much agitation about the euro? It's falling against the dollar, so what?
The End is the same for everybody, Europe and the US, and others. What's happening is a rat race to salvation at the expense of the other.
1.3855 is the first resistance, slight chances are for the fibo level of 1.3949. Everything else is just noise as Ashraf told here 10,000 times.