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..
From MNI FX Bullets
13:15 05/05
FED: Minneapolis Fed Pres Kocherlakota's (voter) remarks in SantaBarb
are mainly hawkish. He says "it would be appropriate for the FOMC to
raise the FF target interest rate by a modest amount at the end of '11"
- mentions research puts the hike at 105 bp but he'd settle for +50.
Says "FOMC could also reduce accommodation by shrinking the Fed's
holdings of long-term government securities. Such a reduction could take
place in one of two ways" - stop all or part of reinvestments, or
choosing to sell some long-term assets. Sees +3-3.5% real GDP this yr,
labor mkt improving slowly; sees headwinds being deleveraging and bad
bank assets. Sees 1.5%/2% core infl over rest of '11. Says mon-pol must
change with the outlook. Prob Fed needs to shrink its bal sheet - but
perhaps over 5-6y or so - but if wrong and infl falls says Fed can ease
by buying more securities.
Ashraf
How many times did the buddy, if he had ever existed, die?
Buying realestate during recession
Buying gold/silver when Osama gets killed
You do not have to be a contrarian to think like that. The first 2 have been been proven..so why not the 3rd.
Ashraf