Hey Pipped-- Thought you would love this that I just found coming across the newswire.
2134 GMT [Dow Jones] Few technical levels are standing in AUD's way, especially after another gain overnight, say strategists at NAB. With GBP and EUR weighed down once again overnight by sovereign debt concerns, AUD/GBP hit a fresh 25-year high just above 0.6100, while AUD/EUR rose to a new decade high of 0.6730. Against USD, NAB strategists say their model's "fair value" estimate is currently around 0.9450, making AUD/USD cross "the 'cheapest' in over a year." AUD/USD recently at 0.9138. (geoffrey.rogow@dowjones.com)
The candle is somewhat bearish in the sense that we made a lower low & a lower high. This after several days of higher highs and higher lows (much the same as I mentioned on oil earlier). This can be an indication of reversing trend.
Every single talking head they put on CNBC lately does nothing but say that they are very bullish and emphatically say that the market is going higher. They desperately want to take the S&P to 1200.
Oil might just be at a critical turning point today. It made a doji on the daily chart yesterday at the top of what looks like the right shoulder of a h&s formation. (matched the level of the left shoulder almost exactly) Also today looks like the first time we had both a lower low and a lower high going back 7-8 sessions. Then again the puzzling relentless bullishness in equities may keep it supported.
Got stopped out on the silver @ 17.21 earlier. Lost .21 on one lot and made .12 on the other, so not a total disaster I guess. Decided to try shorting oil this time instead-- @ 81.60.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
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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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 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(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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2134 GMT [Dow Jones] Few technical levels are standing in AUD's way,
especially after another gain overnight, say strategists at NAB. With GBP and
EUR weighed down once again overnight by sovereign debt concerns, AUD/GBP hit a
fresh 25-year high just above 0.6100, while AUD/EUR rose to a new decade high
of 0.6730. Against USD, NAB strategists say their model's "fair value" estimate
is currently around 0.9450, making AUD/USD cross "the 'cheapest' in over a
year." AUD/USD recently at 0.9138. (geoffrey.rogow@dowjones.com)