Very nice chart Ashraf - looks like a great short when things turn down! Thank you!
Also, am I correctly seeing a head-&-shoulder formation in 4-hour gold/USD chart? Perhaps headed down to 870? Or should I just keep my nose out of technicals? Thanks in advance
If past performance is any predictor of future performance... During the March lows in US stocks the Pound traded under 1.38 - even if stocks don't fall as much as the March lows, it should still go under 1.41 - I think the UK's credit rating will be key! I'll leave the technical analysis to you techies - Good luck everyone
In your latest IMT, you said GBP/USD going down - why so with risk appetite and equities still in full gear, along with Asian stocks most likely rising after US? I would suspect like any other risk currency that it goes up. I know it's ready for a pullback considering the UK fundamentals, but I would think that wouldn't occur until sell-off in equities next week/month - Also, your thoughts on gold would be most appreciated as well. Thanks
I appreciate your latest article and "clarifying the conclusions" in your IMT, I just haven't figured out bonds yet - which pair do you think will move the most on tomorrow's Fed announcement (up or down, unless of course you have an idea already) - EUR/USD, etc. - and will silver follow gold if they announce more purchases? I noticed it broke a little below the 12.6 support, still eyeing 13.85? thanks a lot Ashraf!
Also, if they decide NOT to declare an emergency pandemic, couldn't that spur significant rise in risk appetite, with equities rising and the USD tanking?
Obviously the technicals are in line for another drop in equities. What about the fundamentals? With economists saying that the worst quarter was the 1st, what would prompt such a sell-off? Other than the Swine flu, because the technicals were certainly in line before the mention of that, what do you see fundamentally? Also, do you have a target for SDS? Thanks Ashraf
Great chart - looks like equities knocked out risk aversion once again. Fortunately I had bought gold and it helped as a hedge against shorting CAD/JPY. The end of next week should mark the end of the 2-month bear rally and perhaps spur risk aversion again. Looks like going long with risk appetite might be overbought for now. Looking forward to more daily updates. Thanks for your help.
Thanks so much Ashraf, one more question if you don't mind. I'm short CAD/JPY as per your early IMT. Is that IMT regarding CAD/JPY still in effect for 77.70? You mentioned USD/CAD in your latest IMT for a trade before the "rendez-vous." My presumption is that CAD will fall across the board and especially against JPY, would you agree. Thanks as always!
FOREX WIZARD at it again! Thanks Ashraf!!! GBP/USD dropped like a fly! I usually get out and take profits when I see them - perhaps we're in for a long leg down and better to hold though... I'm not sure what defines a rally, but would you say that we've hit the highs of the DOW and S&P for this bear market rally and it's relatively safe to go with the risk aversion currencies and hold them for a while, generally speaking? Or do you think we have to wait out the 2-month cycle (another 2 weeks) you mentioned in your article "here comes the 2-month rally." Thanks for everything!
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)
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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)
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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Also, am I correctly seeing a head-&-shoulder formation in 4-hour gold/USD chart? Perhaps headed down to 870? Or should I just keep my nose out of technicals? Thanks in advance
If past performance is any predictor of future performance... During the March lows in US stocks the Pound traded under 1.38 - even if stocks don't fall as much as the March lows, it should still go under 1.41 - I think the UK's credit rating will be key!
I'll leave the technical analysis to you techies - Good luck everyone
Wow, NZD/JPY and GBP/JPY already dropping like you said! thanks for all
In your latest IMT, you said GBP/USD going down - why so with risk appetite and equities still in full gear, along with Asian stocks most likely rising after US? I would suspect like any other risk currency that it goes up. I know it's ready for a pullback considering the UK fundamentals, but I would think that wouldn't occur until sell-off in equities next week/month -
Also, your thoughts on gold would be most appreciated as well.
Thanks
I appreciate your latest article and "clarifying the conclusions" in your IMT, I just haven't figured out bonds yet - which pair do you think will move the most on tomorrow's Fed announcement (up or down, unless of course you have an idea already) - EUR/USD, etc. - and will silver follow gold if they announce more purchases? I noticed it broke a little below the 12.6 support, still eyeing 13.85? thanks a lot Ashraf!
Obviously the technicals are in line for another drop in equities. What about the fundamentals? With economists saying that the worst quarter was the 1st, what would prompt such a sell-off? Other than the Swine flu, because the technicals were certainly in line before the mention of that, what do you see fundamentally? Also, do you have a target for SDS? Thanks Ashraf
I'm not sure what defines a rally, but would you say that we've hit the highs of the DOW and S&P for this bear market rally and it's relatively safe to go with the risk aversion currencies and hold them for a while, generally speaking? Or do you think we have to wait out the 2-month cycle (another 2 weeks) you mentioned in your article "here comes the 2-month rally." Thanks for everything!