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..
http://chart.ly/hbdblph
Ashraf
Ashraf
CABLE DOJI & $USD PLAY. USD BOOSTED BY STRONGER than expected US data on ISM manufacturing, personal spending and construction, with the rationale being decent figures possibly leading the Fed to opt for the lower end of its QE start up i.e. $100-120 bln. Do not forget that todays release of Sep core PCE price fell to a fresh 9-year low of 1.2%, which is the Feds preferred inflation gauge, that is well below its unofficial objective range of 1.5-2.0%. GBPUSD broke above $1.6050 after stronger than expected manuf PMI but we must watch whether the $1.6050-1.6100 becomes a double top w/ mid October. Todays daily chart is already showing a DOJI candle nearing the London close, therefore a CLOSE between 1.6055 & 1.6035 will confirm such a candle to be a bearish reversal for remainder of the week. On the positive side, STERLING INDEX has placed in a bottom and is testing its 55-day MA at 80.50. techs may be slated to test $1.5980 and $1.5940. SPX/VIX Ratio extends decline to 56.2 from last weeks +58 as S&P500 attempts a fresh break above 1190 but VIX refuses to close below 20.
Ashraf
back at 1.56
while those of GBP are estimable. EURGBP short was a profitable trade and easily to foresee.
It becomes more and more evident that robustness of Eurozone economy is first of all a marketing tale by politicians.