@Pipster - looking forward to sharing some wealth with you.
Zaron's 1150 almost hit yesterday as I was seeing it looking rather large in my front window. However, today is another day, and that 1150 is looking a bit smaller in the rear-view mirror
@pipster To be honest, I rarely trade yen crosses, let alone stuff like AUDNZD. I tried this one because I read Ashraf's analysis and it made a lot of sense to me. I tend to shy away from pairs without USD in them as they become a combination of two other currencies non_USD to make the move.
I'll use yen crosses once in a while to hedge. I did sell the NZDJPY as a hedge based on Ashraf's call. I have already closed that position at a little profit, but truthfully that is a poor tactic on my part. Poor because I put the position on for a hedge, and now I have removed it.
It's almost criminal seeing how the RBA is bidding AUDNZD to support their homeboy.
BTW, someone else is posting the RBA is selling aussie. This is NOT true. I read the same report as he did, and it clearly said RBA was selling currency at a profit in FX, but it said selling non-AUD currencies. There is the proof that RBA is propping aussie, yet responsible CBs like SNB actually sell their currencies.
Propping Aussie is THE national pastime in Australia. They are well known for establishing lowball estimates on LL economic releases, therefroe when they beat the estimate, aussie rallies. This is a trick U.S. companies did in the late 90s to goose their share prices.
Eventually, aussie will get what's coming to it. The question for this pair is then: will NZD get it at an even pace or slower on the way down or faster on the way up. If so, then AUDNZD declines. If not, we are toast
I hope I am wrong, but I have lost confidence nin USDCAD. I just don't like the way it is trading. I am looking to close out on the next wave of USD strength.
Gold should hold at 1127 plus the remainder of US session. I haven't closed any out. My average is now 1129.1. I will close a very small amount at 1118. I may short more in U.S. session if the RBA's rouse of supporting Aussie at all costs pays off and lkifts gold back to 1134
The RBA-backed GOLDman traders are under orders to bid all aussie pairs under the penalty of death. Earlier today when AUDUSD last traded 0.8985, AUDNZD was 1.3030. Now, with AUDUSD back to 0.8985, AUDNZD is 100 PIPS higher at 1.3130.
RBA's fingerprints all over this one, hurting Ashraf's call on this pair.
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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
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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؟
Latest Hot-Chart - Apr 09
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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Zaron's 1150 almost hit yesterday as I was seeing it looking rather large in my front window. However, today is another day, and that 1150 is looking a bit smaller in the rear-view mirror
I still have my other gold shorts for the pending crash in price.
Average short price now up to 1129.9.
Time to begin the descent again. I have my seat belt on and am fully strapped in and restrained for this wild ride.
@Xaron-the RBA does sell currencies in FX, but it is non-aussie currencies. They sell them against aussie currencies to PROP their beloved aussie.
Now that euro got crushed early NY, woiuldn't be surprised to see it get bid for the remainder of the session
I'll use yen crosses once in a while to hedge. I did sell the NZDJPY as a hedge based on Ashraf's call. I have already closed that position at a little profit, but truthfully that is a poor tactic on my part. Poor because I put the position on for a hedge, and now I have removed it.
It's almost criminal seeing how the RBA is bidding AUDNZD to support their homeboy.
BTW, someone else is posting the RBA is selling aussie. This is NOT true. I read the same report as he did, and it clearly said RBA was selling currency at a profit in FX, but it said selling non-AUD currencies. There is the proof that RBA is propping aussie, yet responsible CBs like SNB actually sell their currencies.
Propping Aussie is THE national pastime in Australia. They are well known for establishing lowball estimates on LL economic releases, therefroe when they beat the estimate, aussie rallies. This is a trick U.S. companies did in the late 90s to goose their share prices.
Eventually, aussie will get what's coming to it. The question for this pair is then: will NZD get it at an even pace or slower on the way down or faster on the way up. If so, then AUDNZD declines. If not, we are toast
Gold should hold at 1127 plus the remainder of US session. I haven't closed any out. My average is now 1129.1. I will close a very small amount at 1118. I may short more in U.S. session if the RBA's rouse of supporting Aussie at all costs pays off and lkifts gold back to 1134
RBA's fingerprints all over this one, hurting Ashraf's call on this pair.