I'm out of long USDJPY, now looking at re-entry. Anyone has suggestions for re-entry levels? Looks like the next key support just above 82.80/90 region
Monday Risk ON - with Asian equities on steroids today :-) ASX likely to test 5,000 and just look at Heng Seng. What's the likelyhood of China raising rates tomorrow (Tue Asia).
Jim was seen on CNBC Europe late last week saying he's short NASDAQ ... I think I heard this is first time he's short on Equity index. Rest he's always maintained his bullish position on commodities.
Chloe, I am looking at similar scenarios of AUDUSD breaking above all-time high assuming 50:50 probability on NFP, wit the bullish scenario as follows: 1. SPX pushing higher and maintains above 1300. Test 1320? 2. Gold moving towards 1400 (and other commodity plays**) 3. Shanghai Composite floating higher.
AUD for now doesn't seem to be just a USD dollar story. It's back above key daily moving averages above the likes of the strong SGD. (I use SGD as benchmark against other Australasian ccy)
**While Ben B doesn't want to be blamed for higher commodity prices, commodity prices are continuing to push higher. I don't know if my correlations to commodities / gold to AUD is still valid ....
As for China rate hike, I struggle to see Chinese central bankers and govt officials taking time out of their travels and family gathering to release news that will dampen the spring festival sentiments over the next 5 days. We are already well past Chinese New Year... So probably time to go back to the drawing board and re-think timing for Chinese hikes.
Funny how Ben referenced emerging markets have tools to manage inflation in their country, eg, raising currencies :-) Doesn't require a genius to see he is talking about China.... Where's the China rate hike?
Ashraf, can I ask generally which days this Spring Festival / Chinese New Year (CNY) season is likely for rate hikes? You said pre-CNY, so I hope to clarify because we are technically already into the CNY public holidays and already IN CNY (now past midnight turned 3-Feb), with everyone already on with re-union including central bankers. gong xi fa cai
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
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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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1. SPX pushing higher and maintains above 1300. Test 1320?
2. Gold moving towards 1400 (and other commodity plays**)
3. Shanghai Composite floating higher.
AUD for now doesn't seem to be just a USD dollar story. It's back above key daily moving averages above the likes of the strong SGD. (I use SGD as benchmark against other Australasian ccy)
**While Ben B doesn't want to be blamed for higher commodity prices, commodity prices are continuing to push higher. I don't know if my correlations to commodities / gold to AUD is still valid ....