EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
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...
View Hot-Chart..
only sell
see my last posts on threads
S&P500 / VIX Ratio & USD LIBOR and
http://www.youtube.com/watch?v=M31hopk3Gmo&feature=player_embedded
high RSI of nearly 70 on daily chart and the Bullish Percent Index (BPI) of over 90 % show similarity to the situation around january 14th (ca 86 %) ahead of the big sell off
a bullish sentiment has been purposely created by the institutionals to get the possibilty to get rid of their long positions
classical bearish evening star on march 25th at around 18 gmt, a shooting star has been formed ,the pendant to the hammer in early february, the probabilty is now very high that 1180 is the top, confirmation is looming due to the closing of S&P around 1165.
my conclusions big sell off in eurusd for sure, in yen-cross maybe
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJx0FiNBapiU&pos=3
Paramo (ECB member) Warns Against Keeping Money Easy Too Long
yen weakness may easen ?
Dollar May Drop on Japan’s Holiday ‘Jinx,’ Credit Agricole Says
http://www.bloomberg.com/apps/news?pid=20601083&sid=aL6WwgwuhYVs
Greece 32,8 %
Italy 31,4 %
Spain 30,1 %
ireland 27, 3 %
Germany 5,8 %
http://fbkfinanzwirtschaft.files.wordpress.com/2010/03/bw-march-1_2010-merkel-germany-vs-europe.pdf
these figures reflect also, which nations are waiting in the queue next to be "supported" or "aided" or
"honoured" for their inabilties
have a lok at the related isssues of Basel iii
Making global liquidity more robust
20. The crisis vividly demonstrated that adequate liquidity is a prerequisite for financial stability.
The drying up of liquidity at the level of financial institutions, countries and ultimately the global system caused the seizing up of credit provision and of financial flows.
Cross-border flows are often the most vulnerable during financial crisis, and emerging markets can face damaging volatility in foreign exchange and liquidity flows.
21. Just as strong capital is a necessary condition for banking system soundness, so too is a strong liquidity base.
Many banks that had adequate capital levels still experienced difficulties during the crisis because they did not manage their liquidity in a prudent manner.
The lesson is that banks resilience to system-wide liquidity shocks affecting both market and funding liquidity must be significantly increased and their management of this risk strengthened.
22. To this end, we are substantially raising the bar for global liquidity risk regulation:
The Basel Committee will issue by the end of 2009 a new minimum global liquidity standard.
This new regulatory framework introduces a liquidity coverage ratio that can be applied in a cross-border setting.
It establishes a harmonised framework to ensure that global banks have sufficient high-quality liquid assets to withstand a stressed funding scenario specified by supervisors.
The Basel Committee will also formulate a structural ratio to address liquidity mismatches and promote a strong funding profile over longer-term horizons.
This new standard complements the supervisory guidance for banks liquidity risk management practices, the implementation of which is being assessed in supervisory reviews.