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 |
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields - Details in video description.
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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Stock prices don’t reflect the world as it, not by a long way. Various disasters ahead are well documented, not least for Japan. I have profited enormously this year long the Nikkei and short the yen but that in no way reflects my fundamental opinion for the destiny of Japan, any more than trading long the S&P futures and long the FTSE 100 reflects my opinion of the US and UK disastrous underlying macro economic fundamentals.
Visitors to this forum could be forgiven for getting the impression that AL is inherantly perma bullish the Euro or the US fundamentals and perma bearish the UK fundamentals. The fact is he is only looking at the very short term vicissitudes of economic data to form an opinion on short term trading directions. We have no idea whatsoever on his larger perspective fundamental opinions, if indeed he has any.
The following link gives a reasonable perspectibe imho. This stuff has been well debated these past yrs but it has little to do with the business of short term trading.
http://www.mauldineconomics.com/ttmygh/its-just-bluefish
There are many commentators who get carried away by every blip in the eco stats without understanding the larger picture. In short we have screwed ourselves with far too much debt and ponzi scheme economics. The bond markets will utimately strike and when it happens it will happen overnight. There will be no warning.
After all the Fed is the legal owner of all dollar bills ever issued...
I played today quite successfully with EURGPB ( long)
always guided by strength meter. I think keeping a position could make another profit in next week.
Merkel will bailout russian oligarchs that is monetize their laundered money into solid Eur bills that could lift EUR while GBP could be downrated by StandardPoors and or Fitch.
Also the US had unemployment near 19% after the bust when taking account of the disenchanted who had given up on finding a job. I am not sure what the real # is now but I imagine that as jobs become easier so more of the disenchanted will add their names back onto the job seeker list.
This will likely slow any move toward the 6.5% unemployment target even with consistently good new jobs #'s each month. Add to this the prospect of immigration increasing once again as jobs become easier and the Fed may well have a long battle ahead to achieve their target.
I am inclined to feel that much of the Fed bla is aimed at controlling the usd within their perceived ideal trading range.
That's a very reckless thing to say. "Stopping QE next month"
How do you think they will go to 6.5% unemployment.
They might consider slowing the pace of purchases around June at the latest. But do not confound slowing and stopping altogether.
Ashraf