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 |
Of Gold Extensions مقياس إمتدادات الذهب
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...
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yes, maybe I am the only one here long NOK.....I think if the stock market has correction in September, NOK will go down...but I don't expect it will go down a lot, maybe USD/NOK back to 6.25 --6.50........the norgres bank will rise interest rate in the first quarter of next year.....
I can't give you any advice about CHF, I don't trade on it usually....
About Yen......I am avoiding to trade on it this year......I expect it will have a rally in September, if stock has correction......and I think JPY will have a rally in FEB or March next year, because the Japanese companies will order more JPY come back home during that period.....
By the way, if there is any crisis happen in FX market.....Yen will be the first safe haven currency....even USD collapses........I would like to long or short Yen by daily trading....make some quick money.......
In long term....I am very bearish on Yen......when the economy is stabilized, I will short Yen...guess next year from April....
Good luck!!!
Being almost the only one here trading NOK, can you tell me your short and long term predictions for JPYNOK and CHFNOK? Do we see a weaker NOK soon?
Regards
Japanese are talking about short Yen now...if the reports are good enough......
your country's economy is getting better then others in G7........I was long CAD since march of this year........i think one CAD will exchange 1.5 USD in 5 years.......good for you.......
Many traders are buying gold and make it 10% in their portfolio to against USD decline and inflation next year.......I may made 10% natural gas into my portfolio, even I don't have any USD now....
I just short USD/NOK at 6.04 which is a very small size position.....I will add more position if the pare continue to rally before the US market open......
question: how will dropping oil affect NZD/USD ? Thanks in advance
C
The fact that crude (normally $2.5ish cheaper than Brent) is currently priced above Brent suggests that it is ONLY the hurricane europhia that's (artificially) supporting the crude price level (owing to supply fears). Note that Brent remains consistent over the past week!
The moment hurricane passes, we can expect prices to crash! My target would be b/w 60 - 58 in a fortnight. I can, and may be, wrong the price level...but pretty much confident of a huge short trade in the offing.
Offload currencies, liquidate equities...and get ready to short crude. Then we'll have a get together at mahiki or Nobu...