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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JUst hearing Russia seller of EUR/USD in recent trade.
Right what other nuggets we got from Angela
Greek aid plan is about the future of Europe and Germany in Europe
Without us there can be no decision which is economically sustainable
Europe is at a fork in the road on question of Greek aid
Greece has pledged to take the toughest measures on its deficit
There is no alternative to backing Greek aid for the stability of the euro zone (doesnt that somewhat contradict headline?)
Aid must come to avoid risk of contagion
We must curb speculation on markets
Conditions on aid package for Greece have been met
Banks must not shirk responsibility in helping Greece
Banks must keep credit lines open to Greece
We should heed IMF advice against international financial market transaction tax
We should heed IMF advice in favour of taxation of bank pay and profits
We need more regulation on derivatives, hedge funds
Need more economic and financial policy coordination in Europe
EU budget deficit sinners should suffer temporary loss of voting rights
RBA decision might well be a buy-the-rumour-sell-the-fact event and that is exactly what it turned out to be. AUD/JPY and AUD/USD falling hard and with rate rises now likely on hold for a few months, the focus might turn to the riskier aspects of the AUD trade.
The Bank of England learned to their cost that you cannot stand in the way of the FX market and now the SNB are trying to hold the EUR/CHF above 1.4320. Have a look at any hourly chart. An 8 pip range for 3 sessions in a row. This is what happened in GBP/DMK back in late 1991 before it collapsed, ever tightening intraday ranges and then when the BoE pulled their bid the pair went into vertical freefall.
This is obviously a different situation but nevertheless if the SNB suddenly disappears, watch out for a big black hole.
Just be nimble - u r right - - Euro news better be good or no news - bad news could force a drop to 1.27s.
on the other side - if we get very good news - then we could rally all the way to 1.33s where some bigger buy stops could get triggered.
H1 tf..i said it is well below that support level...1,3080 is just safe target for half of my trade..and that second will depend on how the market will look like...
ur point of view is rational...Believe it ll work...Hope 2mmorow there wont be any negative sudden eur data...
gl
I will buy again at 1.289 - if it gets there.
The shorts piled in once 1.3114 - 1.3120 zone got broken - all the sell stops for the Eur longs were below this level.
Now, all the buy stops for Eur shorts will be above the 1.3120 level - therefore targeting that.
Markets will move to the levels which provide maximum liquidity.
my first target is set just below that former support zone at 1,3080..im not decided about that second one..
but, if it went further down,,i would think about buying it again aroun 1,2885 area...
hope this scenario wont happen...
GL