Anyone following silver? I also note from Ashraf's hot chart the high net long to short ratios. Just looking at the weekly chart, the weekly moving average (100) seems like a decent support which also happens to be not too far off below the 50% of the fibo from the peaks ('08 low to '11 high). Unless anyone looking at a 24 levels? I am looking for a decent long ...
Anyone looking at the momentum indicators also? Stochastic on EURUSD on daily appear to suggest (albeit still early) that it wants to make an upward swing, although the price action doesn't quite seem to correlate.
While Greece story maybe overdone, there's still Ireland... How many balls will ECB juggle amongst the PIIGS? While we may see lots of political posturing by ECB propping the currencies and dialogues over weekends to keep the Friday afloat, it's doing to be interesting to see how whether the markets are drooled by politics or market fundamentals.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(9 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(9 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(9 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 (9 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (9 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (9 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(9 months ago)
Gold, Bitcoin, USD Combo
I mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
View Hot-Chart..
Callum
While Greece story maybe overdone, there's still Ireland... How many balls will ECB juggle amongst the PIIGS? While we may see lots of political posturing by ECB propping the currencies and dialogues over weekends to keep the Friday afloat, it's doing to be interesting to see how whether the markets are drooled by politics or market fundamentals.
As we looking at the melt-down of USD/JPY below 80?
NFP appeared good but clearly not enough to move the needle. If anything, it may have slowed EUR/USD prop into the sub 1.40 levels.