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 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
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..
ALTHOUGH I am given only 3 minutes in the following CNBC interview, watch this brief but expansive coverage on the US dollar, oil, gold and CRB, underlining the intermarket dynamics of today's market action
http://bit.ly/ 9NdtZi
Ashraf
W
Bill, that was good enough excuse. Thanks for showing up. When will you come aboard to CMC?
Ashraf
"As the folks at Standard Poor's Valuation and Risk Strategies division noted in a research note Monday, the difference between the spread on U.S. sovereign credit default swaps and an equivalent benchmark for AAA-rated euro-zone sovereigns flipped into positive territory March 12. As U.S. CDS spreads expanded to their widest levels in two years, that cross-region gap blew out to 5.7 basis points last Friday before narrowing to 4.7 Tuesday."
http://online.wsj.com/article_email/SB10001424052748703312504575142112712294450-lMyQjAxMTAwMDIwNDEyNDQyWj.html
USDX (USD INDEX) GOLDEN CROSS 100 daily MA > 200 daily MA TAKING PLACEhttp://stk.ly/9J7KpJ 2-months after EURUSD
USDX rally (USD INDEX) is MAINLY seen vs GBP & EUR, NOT vs commodity currencies. 57% of $USDX in EUR, 12% in GBP, 9% in & CAD 4% in franc.
Ashraf
i havent read u mentione 11000-200 for dow
do u think that the support will be found around 9750 and that give us a target of again 11500 before the coorection.
i base this on the fact that we have a specific pattern since the the fifth of march; an inverted flat.
thnaks
SO FAR U PROVED NOT TO BE WRONG:
i expect a pullback soon in equities before we reach the market sub top.
as ashraf said the sell off wont be before june.
after top at 11000-200 go for a major support at 9750.
i am very surprised how market don respond to dollar strengh vs euro.
Everybody, better know and learn who is a voter at this year's FOMC and who is NOT so you know the importance of these statements.
2010 Members of the FOMC
http://www.federalreserve.gov/monetarypolicy/fomc.htm
Yellen will speak in a few hours. Shes a dove but is NOT a voter this year.
Ashraf