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..
Sorry for the belated response.
When I got curious about the markes about 6 months ago, I did some browsing on the internet and purchased- Technnical Analysis of the Futures Markets by Murphy. Amongst the various technical studies presented there, I got captivated by the Elliott Wave and purchased Prechter's Wave Principle recently about 3 months ago.
Though I am still learning I find it difficult to apply EW principles to the market movements in real time. In fact I almost always get it wrong. However that is not discouraging me. So what I thought I needed was a teacher or a mentor. IMHO, it is always much easier to learn from a teacher, better still from someone whom I can respect.
So it was with all this in mind that I was asking for suggestions, not necessarily EW practitioners. I wanted to see the analyst' output/work so that I could then consider subscribing to their services with a view to learning something from them or their tutors, if available.
Sorry for the long winded reply, but I am trying to get you to see where I was coming from.
In short, is there a good teacher out there ? And if so, do they actually publish their work ?
DERIVATIVES: The CME Group (CME) late Thursday announced increases
in margin requirements on crude oil futures contracts for both
speculative and hedger/member accounts, as well as other changes in
other energy and agricultural contracts and spreads. Changes are
effective after the close of business on Fri, April 15. Please see the
following link for more information:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-138.pdf
Ashraf
It will take time.
One can see that S&P has already taken notice of no "huge reconstruction" orders coming in from Japan untill they figure out how much of their scarce island space they have left suitable for further living and reconstructing. They have a Chernobyl on their hands to deal with. Their choice so far was to subject their population (and the globe) to great dangers
The FED has violated No Ponzi condition. Once market participants figure out that those staying on the sidelines AREN't coming in to pick up the baton any time soon, equity markets shall become vulnerable
BONDS: Core EGBs are opening moderately higher Friday as EMU peripheral
spreads extend widening move on continued jitters surrounding Greek debt
restructuring. Irish spreads are seen widening after Moody's Investors
Service today downgraded Ireland by two notches to Baa3 from Baa1, with
outlook remaining negative. The latest move Moody's takes its rating 2
notches below S&P & Fitch rating at BBB+. Fitch Ratings yesterday
affirmed Ireland at BBB+ and removed it from Rating Watch Negative (RWN)
to negative outlook. Portugal's redemption payment for E4.252bln for the
maturing 3.20% 2011 OT bond is due today. In terms of central bank
speakers, ECB's Constancio, Orphanides & Weber, Fed's Evans & Hoenig
along with BoE Tucker. Also eyed are quarterly earnings from Bank of
America, where the street is looking for a profit of 26 cents/share on
revenue of $26.69bln. In addition, Charles Schwab is also due to report
and estimate is on earnings of 19 cents/share on revenue of $1.18bln in
the quarter. Both due before the bell.
Ashraf
Absurd. To believe in miracles has almost never worked. Japan will need to repatriate will need to sell off stocks worldwide the G7 cannot intervene forever to stabilize JPY crosses.
I see only daydreamers. Apple's new ipod is delayed once more as crucial parts made in Japan
are not available. And this is just the tip of the iceberg.
Ashraf
Their feed is though more focused on the analysis of the actual macro data and FED/ECB official speeches, I don't remember them post anything oil or SPX pivot point / support/resistance related. Not that one can not find it elsewhere on the internet but of course you always need time for that.
IT IS very surprising to me though that people (seemingly) don't take advantage of this readily available analysis (one can always draw his own conclusions, but valuable information is there).