Ashraf, It's amazing what a difference a day makes - I thought when I threw in the towel something big had to happen and here we are - ratio now at 63. My guess is that this story has a few more days/weeks to play out. Surely the US public will now be more outraged than ever with Wall Street and will want a proper clamp down on investment banks - may be the Elliot Wave guys will have their day now.
all depends on sentiment now - if sentiment changes for the worse today we'll have a correction next few weeks. Problem is that the bull run is so strong that this may just pass over again - I doubt it though this time - we'll see.
GS news just about the only thing that could have derailed the rally - remains to be seen how far the market falls but helping the ratio with vix up over 12%
interesting article in cnbc today saying that the so called "boom" in retail sales in US is mainly due to consumers spending the remainder of their cash in the malls rather than paying their mortgages before foreclosure ultimately is enforced. JP Morgan's good results were again on the back of trading - i.e. casino operations. Their retail operations were a drag due to the consumer.
is this token offer not just that - amounts to only 10% or so of Greece's debt mountain. Feels like a band aid to plug a gaping hole - short-term relief rally in Euro understandable but overdone imo.
Catnip agree totally - none of the problems have been solved - the can has just been kicked further down the road. That's why I don't see Euro strength lasting for more than a few days. Also any sell-off in over-bought equities will be dollar positive.
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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Are you able to give us a revised forecast on Euro dollar by end of April and end of May?
Thanks
Ginger