AUD top is likely at around 1.0350 (double bottom target). Next week lots of Chinese data may affect the AUD. Market expects better IP and higher trade surplus (import growth also).
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)
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(10 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(10 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 (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؟
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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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The recent range of 1.58 - 1.64 is broken on the downside, which is likely to set a new lower range for the pair. Expect 1.54 or even 1.50 level.
Any comments?
All JPY crosses are showing some signs of exhaustion and it likely to cap the upside of USD/JPY below 84 for the time being.
Technical development of USD/JPY in hourly chart may point to a short term retracement.
Thus, Ppl already long USD/JPY may think of taking profit at 83.60, and re-enter the position if the pair trades near 82.00 again.
A likely double bottom and neckline at 1.6420.
Receding speculation of QE expansion from BoE supports GBP, while the rising risk aversion limits AUD upside.
Any comments?
What's your view on CAD/JPY?
Seems that the pair found strong support at around 78.50 and ready for 81.00 in the ST.
Gold/oil ratio (falling) points to a stronger oil this week, with Friday's Canada GDP (look for a positive growth), CAD is benefited.
In addtion, a tiny upside for JPY only as it trades near 79.78/80 level.
Thanks!
Justin
No one will exit the euro-zone, as the cost is too expensive.
Love your EUR analysis. Do you think the 1.27 target will come earlier than your forecast?
Justin