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...
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Chinese tightening policy , Canadian and US trade deficit and Venezualian devaluation how will
effect DXY ?
BUT he "talked Deflation" to make sure all you fools sleep with your
hyperinflated worthless cash......
Ashraf
piper, it depends what kind of $$ we're talking about and what % of risk capital is involved.
Dan, more like stabilization of USD and NOT outight and broad sterngth. And these gains will vary against currencies.
Ashraf
eh ashraf
is anybody there? still digesting the feast table?
within the trading day yen probably back at 91.15
I somewhat agree w/ your premiss. But whatever way you take fundamentals, they're subjective compared to technicals.
Say, if 68.50 is supposed to be the support level for oil, you, I, Ashraf and Goldman alike would know this key level...& how to react here. However, earlier this month, when Iran declared that it's building eleven (?) new nuclear facilities, there was confusion as to whether the event was important enough to turn into a standout...& influence oil prices. Your, my, Ashraf's and Goldman's judgement would have varied wrt buying oil. (The price increased over a dollar after a while of the news item release...probably because the market wanted someone to take the lead)
But yes, once break-outs occur, it's herd effect thereon. Your tulip and housing examples are apt. Again, because technicals are available to all & sundry...it's the fundamental information (& the interpretation of it) that makes the real difference!
Finally, fundamentals can throw all technicals out of the window in a flash. Imagine you woke up tomorrow w/ Greece declaring bankruptcy...or Israel attacking Iran's nuclear facilities...
Asad