EU nicely kissed trend line resistance drawn from July 2008 high. Suspect only temporary bounce (probably wrong)next potential resistance at 127.2% confluence with 61.8% at 1.3820/30's before test of the 1.3890 high. Dat be dat didumz.
Ahraf's webinar yesterday on BIGtv a must watch. You have to be patient with the host who is pretty disorganised.
Word of warning, you will be encouraged to join something called Pinterest which looks like an archiving site. I joined and the second email welcome letter comes from facebook complete with a virus. I am not even a member of facebook.
Anyway, this webinar is Ashraf at his very best on Intermarket relationships. In other words THE best you will find anywhere.
Sorry Q, I had forgotten I posted the Robert Peston link on China last Wednesday and yes you replied. Must be getting old :-) Or too much stuff and bla to read :-)
I do worry about China bubbles. Did you see the BBC2 film this week, visit to China to investigate their debt, corruption, shadow banking, property and infra structure expansion, industries etc etc. It was fascinating but very alarming. One was left thinking how can there not be the mother of all financial implosions. And there we were thinking UK, US and EUR had been living way beyond their means---chicken feed in comparison.
Q, read a report sayin China been buying every bar they can get their grubby hands on. But all conspiracy theories aside there is no denying the divergence on physical to paper.
gold is getting quite exciting again but I aint gonna stoke up the bug haters. The last move down to daily chart low truncated leaving a double bot for the time being.
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)
تجنب الخطأ الشائع المتمثل في خلط مؤشرات الناسداك وداوجونز و الاس ان بي وإليكم كيفية تفاعله بشكل مختلف مع تذبذبات في عوائد السندات ليست كل مؤشرات الأسهم متشابهة. شاهد الفيديو
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields -Details in video description.
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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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Word of warning, you will be encouraged to join something called Pinterest which looks like an archiving site. I joined and the second email welcome letter comes from facebook complete with a virus. I am not even a member of facebook.
Anyway, this webinar is Ashraf at his very best on Intermarket relationships. In other words THE best you will find anywhere.
http://www.telegraph.co.uk/news/worldnews/europe/eu/10656900/Were-not-the-bad-boys-of-Europe-just-ask-our-ski-instructors.html
I do worry about China bubbles. Did you see the BBC2 film this week, visit to China to investigate their debt, corruption, shadow banking, property and infra structure expansion, industries etc etc. It was fascinating but very alarming. One was left thinking how can there not be the mother of all financial implosions. And there we were thinking UK, US and EUR had been living way beyond their means---chicken feed in comparison.