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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on currencies :to short gbpcad, gbpusd
on stocks : to short UK'electrecity compagnies, UK'financial & Insurance compagny,
Buy all UK debt CDS
Still stuck with some GBPUSD shorts, but started hedging them with repetitive longs in GBPNZD and GBPCHF after Wednesday's "No" poll.
A "Yes" vote would be extraordinary and its implications will reverberate over months not day.
Ashraf
what next ? if Scotland says "NO" buy british pound across the board mainly against euro jpy, chf and aud.
if Scotland says "Yes" that would be dramatic for the UK and eurozone. In that case buy the USD accross the board.
About chf I think SNB will introduce shortly negatives deposits rates.
We shorted GBPUSD in our Premium service on Friday at 1.6480-1.6510 for 1.6400 target. So far 140 pips.
Ashraf
http://www.cityindex.co.uk/market-analysis/market-news/33707462014/longorshort-gbpusd/?cid=0000215115
Ashraf
sending the Pound to a new 3-week high against the US Dollar. Carney also said that the central bank is concerned with housing indebtedness, an issue that could push the BoE to tighten policy. He added that any policy tightening would be gradual and limited and raising interest rates today would be the wrong response.
There has been a lot of speculation recently regarding the timing of a Bank of England rate hike, but this was the first time Carney encouraged speculation. Earlier today, UK Chancellor Osborne announced that the BoE would take control of restrictions on mortgage lending, which could serve as an alternative tool to monetary policy for cooling an overheated housing market.
The BoE will control the size of mortgages compared to incomes and house values to provide stability to the housing market. Osborne will say that current housing market doesn’t pose an immediate threat but could in the future, according to the text from the speech he will deliver tonight.
An expanding housing market or rising housing prices may prompt a central bank to raise interest rates. Therefore, non-monetary measures to cool the housing market may allow the BoE to refrain longer from raising interest rates. That could be the reason why the Pound declined sharply around the time of the release of the comments from the upcoming speech.