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..
one should keep wishful thinking and emotions out.
influence bond yields.
from MNI FX Bullets
DOLLAR: Dennis Gartman of TGL captures sentiment that we have heard from
many quarters, and not just today. Gartman says; "The U.S. dollar is
this morning universally weak and all we can do is shake our head in
wonder at the fact that yesterday it was "universally" strong. Yesterday
the dollar had risen relative to every single currency, major and minor,
in our matrix of prices and today it has fallen relative to every one of
those currencies. The randomness of moves of such "universality" has us
both dismayed and amused, wondering almost aloud what sense there can be
made of it all." See, it's not just you!
Ashraf
Stop worrying about USD.
From MNI FX Bullets
13:32 06/02
US: Moody's said "if there is no progress on increasing the
statutory debt limit in coming weeks, it expects to place the US
government's rating under review for possible downgrade, due to the very
small but rising risk of a short-lived default. If the debt limit is
raised and default avoided, the Aaa rating will be maintained. However,
the rating outlook will depend on the outcome of negotiations on deficit
reduction. A credible agreement on substantial deficit reduction would
support a continued stable outlook; lack of such an agreement could
prompt Moody's to change its outlook to negative on the Aaa rating."
Ashraf
From MNI FX Bullets
US data starts 1230GMT with the May ISM-NY Business Index, which is
followed at 1300GMT by the S&P/Case-Shiller Home Price Index.
At 1345GMT, the Chicago PMI is expected to fall to a reading of 63.0
in May from 67.6 in April, partially due to supply chain issues from Japan.
At 1400GMT, consumer confidence is forecast to rise further to a
reading of 66.5 in May after the modest increase in April.
Ashraf