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...
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What do you think of playing long EUR/GBP for the GBP weakness. It has just made a morning star on daily and is about to break a falling resistance line which connects 30.12.08, 18.03.2009 and recent, end of August, highs.
But the best thing is that it will play in every situation, if there will be risk aversion GBP will fall more, for sure. But even if there is positive risk, there is a decent chance that GBP gains will be less than those of EUR.
Good tennis being played at the US Crude :p if you're watching.
We had a good half-hour rally b/w 67.98 and 67.99...and now 68.00 and 68.01 for the last twenty minutes! ;)
Your royal take on the API & DOE data please?
You're talking at different scale. That TOO I expect that the day aft LD is going to be bullish! I'm more interested in DOE and API. You've some source, I remember? What's your forecast for the figures. High on inventories? Do you think the result alone will be enough to take us to 71?
alternative energy has its market
but the assumption that the peak hs been reached depend only on how u evaluate the reserve. a change in evaluation could trigger a oil shock. that's the only catalyst with ormus staight that can cause a shock and push the price at hundreds level.
alternative energy is a complement of fossil energy knowing that when u produce we sell back which has a minor incidence on the corporate earning and investor roe.
everything is research and development and how to market and monetize this rd.
if u want to coorelate the equity to oil i think u should have a llook on the treasury market and the consequence of the auction wednesday and thursday
bp capital is a investmenet firm in energy market in the usa based in texas
BP for boone pickens the oil guru