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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<b>Fed Announces Expansion Of Revere Repo Program, Adds Money Market Funds To List Of Eligible Counterparties</b>http://bit.ly/cgYWiI
This should add more contrast between US/EU as the Fed is clearly preparing for the exit even without the need to rise interest rates.
Folks, he will do the same to you in Gold once 1140 is taken out again. He will then call for 1175 on gold.
The new cap on gbp.usd is 1.524, exactly as I predicted hours ago.
What good is a cap if you simply raise it everytime it fails to hold.
You gold shorts are going to get creamed in here.
I still stick to my (long term!!!) bearish view of the USD. The technical EUR/USD trend is still down and is still intact. I'm happy now about the USD/JPY where I stick to my target of 93-95 within 1-2 months.
Similar trading pattern to Thursday/Friday of last week. Suckering in more shorts still believeing the 1020 call. However, the man is on record as saying he fully expects gold to pop through 1140, and for usd to remain weak.
Yet, I have not read one person write they have closed any of their shorts. Therefore it is logical to deduce that the quietness on these boards is a reflection of the $$'s lost here the past few days.
Folks, there will be no usd rally in European session today. Simply a usd route, and gold will play catch-up.
euro 1.3625
gbp 1.5120 (next cap of 1.52 about to get run through)
aussie 0.9070
The next IMT will probably not even mention these failed caps, and only tout cad.jpy, which actually was being called as going lower until mid-day Friday.
That's Weatherman at his best.
My condolensces to you all.
If you cannot account for them in your mini-overmargined account, then don't trade FX.
In the meantime, the euro and gbp and aussie are getting wiped out. Just wait until gold joins the party. That will quiet these boards down.
"WEATHERMEN ANALYSTS are calling for continued USD weakness against ANYTHING (including eur, gbp, cad, aussie, kiwi, gold, except jpy).
What is hilarious is only NOW is Ashraf backing off his gold 1020 call, and has even tweeted he is expecting LOWER USD next few days.
Making Ashraf a WEATHERMAN ANALYSTS, lol!
1.3685 and counting on euro.
1.5168 and counting on gbp
0.9112 and counting on aussie.
Weatherman Ashraf is FINALLY correct-weakness in USD.
Great call Ashraf. 200 pips late, but good call anyway.
Don't they understand they are playing with a ticking time-bomb which with every passing moment gets closer and closer to detination?
Who in their right mind would be buying trash euro ad gbp except for weak shorters covering?