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..
and eventually FED must buy more UST... and so on. But if so, the easing will have the opposite effect because the risk of raising bond rates especially long term falls back on industry and housing. Mortgages will rise. The taxpayer is charged more and spends less.
It won't work. Because qe eventually causes what it is supposed to fight, a deflationary spiral in economy and inflation in taxes food commodities.
yield are going back to 4
if i was ben i would take the hit till feb/march by selecting the purchase
i said and reiterate thereis going to be three phases of QE. this second muts be the least important.
"And he (Bernanke) became the latest Fed official to suggest the central bank is leaning toward more asset purchases in an effort to jump start the sputtering U.S. economy.
He said previous purchases of nearly $2 trillion in mortgages and long-term Treasurys by the Fed had been an "effective program" and when asked about the possiblity of additional purchases, he responded "I do think they have the ability to ease financial conditions."
consumption. This is why China has to appreciate yuan because otherwise the consumer would prefer cheap stuff made in China. Thus in fact the USD weakness hinges on PBOC.
It is almost impossible that PBC does not yield eventually. To prevent importing inflation the
PBOC must either hike rate or buy more UST. There is no third option.