thanks for reminding me 'YET AGAIN' that these gdp figures can and are often revised after their announcement. i keep forgeting this in the mele' of the day trades. note to self, must remember gdp figures get revised. looking at the 5min gbpusd from the 22nd 23rd support line, this intersects today with the 50% fib retracement @ 15615-17 its a steep trendline, im preparing for a very 'dancing around' that fib level day. Ashraf, if the Treasury committee decide on interest rate rise what does this do to sterling strength ? am i right in saying the numbers look more encouraging than the usa / and if so even if gdp is slightly optimistic that would mean we are recovering ahead of the states and 'most' of europe? so which ever way sterling looks to gain against the dollar until such time we see the revised gdp /and or more positive stateside news?
http://www.reuters.com/article/idUSSGE66806F20100727 this is a link to some of business views. given that companies have paired back their staff and inventory these past 2years , profits have to be bias to the positive right? If stock markets are set for another push higher, wouldn't this mean a weaker $ ?
very interesting reading back through the last weeks comments, seems we've all noticed 'unusual' activities, could we be looking at a cable trend reversal here? cable has broken its upper trendline resistance and held it. -and holding the 38% fib from may lows. 15536 is my main resistance level from daily nov'08.
@ashraf LOL. Yes people, please read the web site ! may i suggest ashraf some drop down menus on analytics /blogs ? possibly a small graphical chart of what view you hold short / medium /long? i do appreciate your site is free , but it can be a bit confusing cross-reading between forums and analytics, just a suggestion, throw it in the bin with contempt if you so wish!
@pipster .yes i follow ftse, but thnx to ashraf have started following s&p500 and more important to fx trading the correlations between gbp usd currency pairs respectfully.
stationdealer, interesting point, but i read in the ft that the euro was still over valued, and that bad debts by the banks still hadnt been fully written down in the eurozone, so it might well be that stocks are good value but they are going to get better value with pressure on euro , but am i right in thinking that any write downs will have yet more negative effect on eurozone stocks? thus even more value ? i keep hearing on stocktwits dont go trying to catch falling knives.... i think this is good advice in these uncertain markets. any thoughts on my ramblings anyone?
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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)
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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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looking at the 5min gbpusd from the 22nd 23rd support line, this intersects today with the 50% fib retracement @ 15615-17 its a steep trendline, im preparing for a very 'dancing around' that fib level day.
Ashraf, if the Treasury committee decide on interest rate rise what does this do to sterling strength ? am i right in saying the numbers look more encouraging than the usa / and if so even if gdp is slightly optimistic that would mean we are recovering ahead of the states and 'most' of europe? so which ever way sterling looks to gain against the dollar until such time we see the revised gdp /and or more positive stateside news?
this is a link to some of business views.
given that companies have paired back their staff and inventory these past 2years , profits have to be bias to the positive right?
If stock markets are set for another push higher, wouldn't this mean a weaker $ ?
may i suggest ashraf some drop down menus on analytics /blogs ? possibly a small graphical chart of what view you hold short / medium /long? i do appreciate your site is free , but it can be a bit confusing cross-reading between forums and analytics, just a suggestion, throw it in the bin with contempt if you so wish!