Am not sure about that. One could argue that CNY appreciating is USD bullish due to lower US trade deficit, and thus, Gold bearish. I am not sure about this but lately Gold seems to be going up no matter what the dollar does.
I don't think the chinese revaluing their currency would have a great impact on Gold price. Let's face it, USD, EUR, GBP, and YEN, have huge problems, and it is not that the USD that is going up, rather other majors are going down. As a result when, aforementioned currencies will go down against commodities and mostly against precious metals. BUY Gold on the dips!!!
I join my voice to Spec's, calling for a resumption of the secular dollar bull market. Thus, I expect equities to retest their march lows. I also expect oil to go below $40.
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)
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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Do you see a positive divergence in USD daily?
Do you expect NZD to go down along with AUD?
what is your opinion about sequential sell in technical analysis? and do you see one in oil now?
thanks
Dear Ashraf,
what is your opinion about sequential sell in technical analysis? and do you see one in oil now?
thanks
Am not sure about that. One could argue that CNY appreciating is USD bullish due to lower US trade deficit, and thus, Gold bearish.
I am not sure about this but lately Gold seems to be going up no matter what the dollar does.
Let's face it, USD, EUR, GBP, and YEN, have huge problems, and it is not that the USD that is going up, rather other majors are going down. As a result when, aforementioned currencies will go down against commodities and mostly against precious metals.
BUY Gold on the dips!!!
do you incorporate seasonals into you analysis?
Could we see a scenario that occurred after oct 07, where US stocks and USD took downwards trends?
I also expect oil to go below $40.