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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It is posted on bloomberg less than 1h ago.
http://www.bloomberg.com/news/2010-09-07/yen-rally-gets-no-relief-as-traders-bet-on-bernanke-easing.html
Regarding Q.E. from the FED
Currencies of economies reliant on commodities are also likely to benefit from quantitative easing as the extra supply of money supports inflation
The Barclays study examined currency movements around Fed decisions as a means of assessing the likely reaction to quantitative easing. They found that the yen and franc tended to outperform before and after the decisions
Canadas dollar would be the biggest winner this time because of its proximity to the U.S.
b,
hajdar,
yes, Z. Ibrahimovic is Bosnian that is very much missed, but Edin Dzeko is taking that position very well. btw, all players on bosnian national team play outside bosnia. With new coach Safet Susic (who spent most of his life in French teams) we are about to make the differens on the pitch.
Ashraf, ..............understandable...........'till 2012 Euro
1h after the start of Bosnia-France on tuesday, is Argentina -Spain.............and on the same day FOMC meeting minutes, Canada and AUD GDP, China Manuf. PMI..................this day will go fast
b.
england redeem itself against Bulgaria (4:0), but France confirmed very bad football against Belarus (0:1). Bosnia scored three goals against Luxembourg by 16th minute. Sorry I missed super high scoring game Portugal-Cyprus (4:4)
Ashraf, do you think France stands a chance against Bosnia on Tuesday ?
b.
Ashraf
I was hoping that I would catch your inteview somewhere about USD/JPY, since just about everybody is talking about it, and media has a habit of calling you for your perspective.
It seems to me that I grew a bit inpatient, and I would like to hear Your opinion about USD/JPY movement.
..... and what do You think what can be bottom for 10yr yield ?
Thank You
b.
The Johnson Redbook survey of retail sales says 0.6 % decline vs. previous month.
http://www.icsc.org/homepage/research_article.php?id=180
link above confirms lower retail sales
b.
What I find interesting is to what length author went when describing Bernanke, and how important was to him to have unified vote on FOMC meeting. On some meetings, presidents would change their mind after the vote, out of the respect for the "Chairman's opinion".
We'll see soon what is the outcome of this FOMC meeting, and how they voted
b.
AUD/CAD Daily chart looks very interesting. 200 MA clearly had a lid on the Aussie gains. Do you see much downside on "risk aversion" plays ? it looks overbought at this level to me.
Thank You
b.
FEAR AND GREED IN FINANCIAL MARKETS; A CLINICAL STUDY OF DAY-TRADERS
http://web.mit.edu/alo/www/Papers/AERPub.pdf
b.
beautyful trade, it was so clear from the beginig. For a while there was a ping-pong game with weekly tops and bottoms, but it finaly broke down. Smal stops too that were never in question - trader can not ask for more :)
b.
AUD was a performer today, but I think it is going to give up some of it. My thinking is " who wants to have pocket full of Aussies before event like today ?"
b.