Ashraf, Great site & insight. I think USD/JPY breaks 100, just takes some work to get through since it is technically a critical level (including breaking through 200 dy MA.
I'm a bit concerned about gold. I'm long and today it is breaking the upward channel trend? What do you make of it. Is this just a reaction to maybe IFM selling of gold to raise cash or ease of general "fear" in the markets. I think long term gold goes higher on inflation but a pull back to 880 means a lot of pain, & could it be a the beginning of trend reversal or sideways movement?
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)
Great site & insight.
I think USD/JPY breaks 100, just takes some work to get through since it is technically a critical level (including breaking through 200 dy MA.
I'm a bit concerned about gold. I'm long and today it is breaking the upward channel trend? What do you make of it. Is this just a reaction to maybe IFM selling of gold to raise cash or ease of general "fear" in the markets. I think long term gold goes higher on inflation but a pull back to 880 means a lot of pain, & could it be a the beginning of trend reversal or sideways movement?
Thanks for your comments!
PK