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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In generally rate hike sounds good for currency, but i think it will change for EURO, Euro similar to chained dog, so EURO has many problems in them, there is no a common treasure, there are many differnt sounds and different manufacturing and demograifc bases in the area so EURO is realy strong but chained dog as i said....
Right now there are some hawkish ECB bankers and they says inflation and inflation but where is the inflation ? Inflation in Germany, France and Italy, but Greece, Portugal maybe Spain is not similar....
Finaly if this rate hike is more sensible E/U should be 1.45-50 area now, so pls check to range of first hawkish speak 18FEB to now you can see the line 1.3550 to 1.3920 ... Is it big jump ? despite add many hawkish and a ecb day ?
It is realy good opportunity to short on EURO but sure mind your account force, and sure get your money management so who nows some crazy bankers buy about 1.40-41...
Have a good day !
could drop sharply and ECB, who cannot hike anyway, postpones the rate decision only emphasizing we are vigilant. Whenever I hear bullish comments from GS JPM MS on oil gold silver I start short positions. Btw. I do still wonder why the large proven oil reserves of Iraq remain widely untapped?
Markets debate on whether OPEC will raise output to stem oil prices (partial OPEC hike more likely), politicians debate on whether the UN should draft a resolution to remove Qaddafi by force (unlikely), while FX markets debate whether the ECB will raise rates next month. -----------
The positive euro impact of higher oil must not be underestimated as players may tend to place too much emphasis on the ECB. One aspect the ECB will pay attention to is whether the Bank of England will raise rates this week (unlikely) as UK inflation nearly double that of Eurozone. The the ECB has NEVER delivered a one-and-done rate hike since its creation, could we expect it to make an exception this time and raise rates to 1.25% and staying put for the rest of the year. ------------
Those who argue the ECB must do more than one rate hike ought to take into consideration the latest downgrades of Spain and Fitch as well as the possibility of a Portuguese bailout as Portuguese 10-year bond yields stand above 7% for the 22nd straight day (an occurrence which triggered the bailout of Greece and Ireland). ----------------
With the longer-term trendine resistance at $1.4320s, EUR has more upside against USD as well as AUD (1.41) and NZD (1.93). This is NOT to say that $1.4320 is a done-deal, but the oil and ECB factors provide room for EURUSD to test $1.4140s in the interim well ahead of next months ECB meeting. AUDUSD trades the range at 1.0190-1.01, with possibility of seeing 1.0070 ahead of Aussie jobs.
Ashraf
America's budget
The elephant in the room
Mar 7th 2011, 16:30 by The Economist online
America's fiscal problem cannot be solved unless entitlements are tackled
http://www.economist.com/blogs/dailychart/2011/03/americas_budget?fsrc=scn/fb/wl/dc/theelephantintheroom&ref=nf
Point being all fiat currencies will tank ultimately.
We will run a gold standard finally but that will debase too when it lands up in the dirty hands of central bankers.
EURUSD will fall below 139.