@chloe-USDCAD attempting to close the gap down. However, this is the point where it got knowcked back down earlier. Guess it's more important to by euro for the markets.
30/40 pip moves in Pre-Asia session based on stop-running in low-liquidity markets are usually undone in Asia session. However, USD is awfully weak, and looking like it is going lower. Even trash-euro and gbp are stomping USD.
Even Ashraf is suspecting consierable lower USD now (short term).
BNZ and NAB Weathermen are relentless so far in Sydney Session. Expect Westpac to join in the cheerleading.
Heard there was a ticker tape parade in Sydney where the RAB were the Grand Marshalls, and the WEATHERMEN analysts were toted around in convertibles, waiving to their adoring fans and followers.
Ashraf, I think your off by 100 pips on USDJPY. Did you mean we can see 91.00 and 91.30. After Monday, do you expect JPY to strengthen for the remainder of the month with the end of the Japanese year ending at the end of the March?
Ashraf. Thank you for the response. Your previous reply to wasup states we'll break 1140, which we did once each intra-day each of the past two trading days. However, no close over 1140 yet. Seems like 1127/1145 is the current trading range.
Have you backed off the short-term bearish stance on gold and expecting it to now continue to rise, or expect this USD to continue upward after a day or two more of consolidation, starting Gold back down.
Also, a lot of talk this weekend out of China regarding re-valuing. You mentioned O'Neill of Goldman felt Chinese would revalue sooner rather than later. How would a China revaluation, in your estimation, affect FX, particulary JPY and the yen crosses, gold and aussie?
AShraf-looks like Oil closed at 81.5. The latest IMT states 81.4 as critical resistance.
I've always used a little "fudge factor" margin of safety in the case of commodities to account for their tendency to slightly overshoot, creating false breakouts/breakdowns.
You still feeling confortable with the "Oil To Hold And Reverse" concept based on 81.4?
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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Even Ashraf is suspecting consierable lower USD now (short term).
Heard there was a ticker tape parade in Sydney where the RAB were the Grand Marshalls, and the WEATHERMEN analysts were toted around in convertibles, waiving to their adoring fans and followers.
Have you backed off the short-term bearish stance on gold and expecting it to now continue to rise, or expect this USD to continue upward after a day or two more of consolidation, starting Gold back down.
Also, a lot of talk this weekend out of China regarding re-valuing. You mentioned O'Neill of Goldman felt Chinese would revalue sooner rather than later. How would a China revaluation, in your estimation, affect FX, particulary JPY and the yen crosses, gold and aussie?
Thank you.
I've always used a little "fudge factor" margin of safety in the case of commodities to account for their tendency to slightly overshoot, creating false breakouts/breakdowns.
You still feeling confortable with the "Oil To Hold And Reverse" concept based on 81.4?