EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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 daily is beginning to form a nice bearish pin bar. Not sure if the level it's at is all that significant to be honest, which worries me slightly. Nevertheless, IF it's going to fall, tomorrow MIGHT be the day.
Also there has been some good bearish action today (Sadly I missed it; most of my scalps were on cable).
Cable's daily bar on the other hand looks far too bullish; looks still to have some steam left in it and I think "it" wants or "they" want it to get to 1.64, or they will have a fair stab at it.
Getting back to EUR/USD (why has no one come up with a nickname for that - any suggestions?), IF it falls, then, again on a daily bar basis, I could see it going down to the 1.43 range, say 1.4320 - 1.4260, but that would be over several days, if at all, and is probably far too ambitious.
This is just personal opinion, and says nothing about the fundamentals, and is not a recommendation.
For this to happen, the fundamentals have got to trigger it, but in a strange kind of way I believe that the market is as much a part of the fundamentals as, say, the frame of mind of the BOE Monetary Policy Committee, or whether the Chairman of the BOE had a good breakfast or not, or whether Bernanke gets riled at one too many "Helicopter Ben"jibes, and comes out with something hawkish. The market will decide, and it may decide that now is the time to sell off. One thing, it's very quiet out there.....as they say in those bad World War II films, it's too quiet.
Trade safely - money management always.
You are probably right that there will be no rate hike in the UK for some time to come, but in a way that's not the point.
It's about people's perceptions,sentiment, reactions, anticipations, etc., not just the actual hard news. I'm sure Ashraf has said this kind of thing before, but if not, other commentators have.
The market is the market and it doesn't have to be rational. Its pockets are deeper than yours and mine.
@PippedOff: manipulation - isn't this all part of the business though?
Another way of looking at EUR/GBP: Someone on another board, whom I respect although he says he only trades technically and ignores fundamentals (I don't actually believe him fully on that, but never mind), called for a drop in EUR/GBP today based on his reading of daily charts. He thought it _could_ fall as far as .8839 based on his technical levels. I could see what he meant (knowing roughly how he trades), although from a fundamental point of view, I disagreed with the trade.
I have therefore been watching this pair therefore with interest today. He seemed to be right, then it seemed to turn, but now it's well down again. He may not get the full move, but he will have got a good part of it (and taken some off the table). He's a clever guy. Now when I try to trade in the way that he says he does (or my reading of it), I only have limited success, which is why I think he uses more than technicals. This is why I started getting more interested in fundamentals & intermarket analysis & global macro type approaches. I still only have limited success :-) but I hope I am at least beginning to understand the market a bit more.
I don't know for sure if what you say about manipulation is correct or not. I just assume that it can happen, and if it can happen, it probably will happen. I guess that being a (small) trader means learning to be aware of this and surviving it anyway.
I'm sure stops are run in NYSE just as much as anywhere else.
However, I do hope they see plenty of potential for downside, after all that upside.
What's happened; is Gordon Brown resigning or something...?
(oops, I shouldn't start that rumour or it really will go to 1.7 again...)
Tell you what I'll do: you can have two for only 1.6264 each ...
I am not sure if I go along with all he says, and he doesn't really say exactly what one can put in his place, but anyway, it makes you stop and think.
In a previous posting, I asked the question about finding the right balance between fundamental and technical analysis.
Still looking ...
:-)