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 |
Deflationary Bitcoin صلابة بيتكوين
How bitcoin halving reduces 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؟
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...
View Hot-Chart..
R2 1.5308
R1 1.5275
S1 1.5120
S2 1.5190
The Road Not Taken
Robert Frost
(1874-1963)
Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth.
Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same.
And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.
I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I--
I took the one less traveled by,
And that has made all the difference.
Robert Frost
Dear Friend of GATA and Gold:
Western central banks have begun throwing the kitchen sink at gold, as word broke today of a monster gold swap undertaken by the Bank for International Settlements, which, as GATA noted the other day, long has been a center of surreptitious gold market intervention (seehttp://www.gata.org/node/8773) and indeed was the lead defendant in GATA consultant Reg Howe's gold price manipulation lawsuit in U.S. District Court in Boston in 2000 (seehttp://www.goldensextant.com/). The BIS gold swap appears to involve 380 tonnes that likely were sold into the market immediately. A report about it can be found at Jesse's Cafe Americain here:
http://jessescrossroadscafe.blogspot.com/2010/07/imf-engaged
Chris Powell
Secretary / Treasurer
Gold Anti-Trust Action Committee
www.GATA.org
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at www.GATA.org. GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:
http://www.gata.org/node/16
Yesterdays ISM report disappointed and confirmed a host of other indicators indicating an approaching economic slowdown.
The Baltic Dry index that tracks ocean freight rates has fallen 30 days in a row and has reached its lowest level in more than a year, a drop of more than 50%, and could be indicating slowing growth and demand for raw materials in China.
Thursdays employment and consumer credit reports come out before market open on Thursday and wholesale inventories are at 10:00 a.m. Eastern time.
Thu Jul 08 02:36:05 2010 EDT
By Francis Bray, CFTe MSTA
A DOW JONES NEWSWIRES COLUMN
LONDON (Dow Jones)--Rolling 24-hour chart levels:
Futures: BUND GILT EURIBOR SHORT STG
Sep Sep Jun Jun
Previous Close 129.08 121.04 98.755 98.850
3 Day Trend Bearish Bearish Range Range
Weekly Trend Bullish Range Bearish Bullish
3rd Resistance 129.86 122.03 98.925 99.000
2nd Resistance 129.57 121.51 98.845 98.910
1st Resistance 129.41 121.31 98.805 98.890
Pivot* 129.24 121.13 98.763 98.860
1st Support 128.98 120.91 98.770 98.820
2nd Support 128.67 120.79 98.730 98.780
3rd Support 128.49 120.50 98.700 98.730
Intraday BUND: Wednesday's weakness brings the focus on the lower end of the
six-day consolidation range at 128.98/129.05, and is threatening a break lower.
The June 28 higher low at 128.67 is the first target, but scope exists for the
128.40/49 support area - the former representing a 1.618 extension target.
Regaining ground above 129.41 is required to question the bear threat, opening
129.57.
Weekly chart BUND trend: Bullish.
Intraday GILT: Bear pressure is building on Tuesday's low at 120.91, and is
threatening to force a downside break from a symmetrical triangle top. The
triangle low at 120.79 would become the immediate focus, and a break below
there would strengthen the July 1 contract high at 121.51, exposing a measured
target at 120.29. However, solid support may be tested in the 119.80/90 area.
Only above 121.31 would question the bearish outlook and open the 121.51 high.
Weekly chart GILT trend: Range.
Intraday EURIBOR: Key resistance at Monday's high at 98.805 has beaten back
the rally off 98.700, and Tuesday's low at 98.730 is set for a retest. 98.805
represents the support line of the broken symmetrical triangle top, and
suggests the July 2 reaction low at 98.700 is vulnerable. The minor projected
target at 98.645 lies below there. Only a break above 98.805 would question the
bear threat, opening significant resistance at 98.845.
Weekly chart EURIBOR trend: Bearish.
Intraday SHORT STERLING: Set a fresh contract high at 98.890 Wednesday, but
the lower close suggests a near-term peak has been found, and Tuesday's low at
98.820 becomes the focus. Key support lies at the 98.780 higher lows, and is
likely to limit the immediate downside threat. Only retesting 98.890 would
question the bearish outlook, opening 98.910.
Weekly chart SHORT STG trend: Bullish.
The pivot is the sum of the high, low and close divided by 3.
For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI
DJTA; and Reuters key word search "INSI-DJN"
By Francis Bray; Dow Jones Newswires; 44 (0)207 842 9249;
francis.bray@dowjones.com
TOKYO (MNI) The Bank of Japan on Thursday upgraded its overview
of regional economies for July from three months ago, based on reports
from its branch managers who met here for a one-day quarterly meeting.
Eight regions (out of the nine) judged that, compared with the
assessment in April 2010, their economic conditions had improved
further, the BOJ said in its latest regional economic report.
Many regions reported that amid the continued increase in
production, business fixed investment had either stopped decreasing or
had started picking up and the degree of severity in the employment and
income situation had eased, it said.
The BOJ said most regions reported that private consumption had
either stopped decreasing or had started picking up.
Meanwhile, many regions pointed either to the continued low level
of economic activity or to differences in developments among regions,
industries, or firms, it added.
Eight out of the nine regions upgraded their regional economic
assessment for July, compared with three months ago.
Todays report on the regional economic assessment is consistent
with the BOJs overall economic assessment that Japans economy is
showing further signs of a moderate recovery, induced by improvement in
overseas economic conditions.
The regional economic report said capital spending is picking up in
four regions, although remaining at a low level, while capex has stopped
declining in four other regions.
Five regions reported that private consumption as a whole was
picking up, showing signs of picking up or the decline had been coming
to a halt, because of severity in the employment and income situation
had eased somewhat and because policy effects had continued, said the
BOJ.
Production either increased or picked up in all regions, the latest
report said.
It also noted that four regions reported that the pace of increase
in production had accelerated mainly due to the improvement in overseas
economic conditions.
The employment and income situation remained severe, but many
regions reported that the degree of severity had shown signs of easing,
it said.
Managers from the BOJs 32 domestic branches and two general
managers from the U.S. and Europe gathered to discuss economic and
financial conditions at the banks head office.
At the opening of the meeting, BOJ Governor Masaaki Shirakawa said
global financial and capital markets are unstable due to continuing
concerns about sovereign debt, calling for a close watch.
The recovery in industrialized economies remains moderate while
the growth among emerging and commodity-exporting countries remains
strong, he said.
tokyo@marketnews.com
Very well played Spain!
And Well done Germany, a very brave defeat!
As of this post August is running into resistance at the 50% Fibonacci retracement at $74.50 on oil. On higher trade tomorrow we will have some bullish suggestions, if this serves to be an interim bottom we should see a fairly swift $3-5 move north from here. With out a dramatic fundamental shift or significant hurricane activity we expect to see a $70-80 range in the coming weeks. Natural gas gave up 1.64% today failing to get thru the trend line that has capped rallies the last four sessions. Remain long futures as long $4.50 supports in August. We prefer purchasing October 50 cent call spreads. Indices are higher by 3% as of this post and though we initial I know I said I would be a seller in the S&P at current levels but I pulled orders back thinking we could be a seller at higher levels. A 38.2% Fibonacci retracement is in the books with the September S&P trading above 1154. A 50% carries prices to 1066 and 61.8% would lift us to 1078. Now the market has our attention but after reading various newsletters and talking to some seasoned traders I would not rule out a sale above 1100 in the coming weeks..stay tuned....