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..
The correlative stochastic event appears to be overdone as of Friday's close.
However,the recent event could possibly signal a violent reversal to a sustained negative USD/Yield correlation or just be another lucrative arbitrage opportunity.
Given, imho, the substitution effect of GO, the current oil glut and the tradition of countercyclical policy, Gold supply !!COULD?? be artificially increased to boost elasticity of supply while allowing proceeds to subsidize future treasury auctions.
These are, indeed, interesting times.
GL to you on the signing and will try to make it there.
MVPYDUDE.
today first time i have visit to your website.i like it very much,but i does trade in indian shares only.do you track indian stock market.
How about broadcasting your seminar over the web tomorrow, or recording it!
How about broadcasting your seminar over the web tomorrow, or recording it!
Ashraf
Finra proposes lowering the leverage in forex to 1,5/1 bassically no leverage.
http://www.finra.org/Industry/Regulation/Notices/2009/P117744
Then you have the bill proposal that would destroy the credit default swaps market as we know it wiping out most of the volume. Bloomberg made a story about this but now suddenly it's gone of their site. For those that didn't read it, google "U.S. Draft Law Would Ban Most Trading in Credit Swaps"
What do you think of these new attacks on the trading profession? What do professionals in the trading industry think about these proposals? Do they plan to voice their concern and lobby against these unfortunate proposals?
Or will they just take it because after all, "they" caused this crisis like the goverment is conditioning the public to bealive. And by "they" I mean wall street (in other words traders) and the free market.
So whats their solution? Looks like it's destruction of trading and the free market, and I'm sure most of the public would cheer them on while they did it.
Ashraf
FRANK: NZD increasingly looking like GBP.0.5220 looks like a comfortable resistance and traders will want to test 0.50, followed by 0.4770.
SERGE, remains weak vs USD as long as stocks head nowhere fast. We'll have to see 1.25 in USDCAD as early as next week, followed by 1.26 before we see 1.19.
ROB, Aussie shows H&S heading towards 62.30 cents. markets expects 100-bps cut to 3.25% after it decided not to hold a meeting in Jan. USD seen as best gainer vs AUD if they do at elast 100-bps.
Ashraf
I have up bet on AUDUSD. Should I cut now or wait?
Do you expect it next week to go up or low (how low)?
Also interested in EURUSD short term (two weeks).
Thanks
Ced
Thanks for your thoughts on GDP and the Yen crosses yesterday.
I'm trying to anticipate who will be the biggest winner against AUD next week, under the assumption that RBA will cut its rates from 4.25%. Do you think it will be the GBP, as in the recent NZD scenario your new Hot-Charts (very nice feature) illustrate? Or perhaps the JPY or EUR? Any thoughts on what will gain the most from a AUD rate cut (assuming that will happen) would be much appreciated! Thanks Ashraf!