Gold remained lower last week amidst the Euro strengthening as investors continued to cur their positions in Euro-gold. Moreover, lowering inflationary concerns in the US also reduced golds inflation hedge demand. Gold tracked losses in other assets after a drop in consumer sentiment index and falling TIC flows battered equities which resulted in the benchmark MSCI world index for stocks closing more than 2%.
-When the Dow fell below the 200-day moving average; -After the Dow closed above the 50-day moving average -When the Dow hit a new low for the year. -The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
A snapshot of borrowing in major sectors expected to take place over the next three years or so. Experts worry that the amounts are so large it could leave the weakest borrowers, including some governments, without access to funds, possibly triggering another economic downturn. http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
FOMC tweaks lower growth and inflation outlook by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
@karaki_ashraf explanation in latest tweet (20 hr ago)
Stocks rallying on the premise "Jobs strong enough to stop rate cuts, while wages stable enough to tell us no risk… https://t.co/Uq9iB2V7Kd(2 days ago)
Maybe Powell will be taken more seriously by the "markets" in his Tuesday's appearance (2 days ago)
Get used to the name-- #Amamiya -- is the most widely expected candidate to replace #Kuroda at the helm of the BoJ (3 days ago)
2 years after getting UAE license, #Kraken shuts down #AbuDhabi office (3 days ago)
From Super Mario to Super Lagarde.. does 50 and adds RATES STILL HAVE TO RISE SIGNIFICANTLY, AT STEADY PACE (3 days ago)
GBP bulls see their shadow & head back to their burrows (3 days ago)
Lack of 3-way split in BoE is a false positive for #GBP. This is simply a quicker way to the terminal rate. People… https://t.co/gok0jl1QZn(3 days ago)
@Trade_Haven well done. i already answered yesterday in the thread (3 days ago)
Here is an example from today's trading, setting up our Whatsapp Broadcast Group members with written, voice and chart notes pre-US data. Once the data were released 8:30 & 10:00 Eastern time (13:30 & 15:00 London), we followed-up by guiding members on gold's likely reaction as well at which point the reversal would start (we missed the timing by 30 mins today). The WBG does not only rely on intramarket technicals to trade FX, metals and indices, but also takes a dive into intraday flows, when conditions are suitable--like today, yesterday and Wednesday (see the 30-mins chart inside the WBG chat).
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Latest Hot-Chart - Jan 11
Dax 200 MA Extension
If the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...
View Hot-Chart..
But I was too tired to really tally it with my charts. I think I will post your concern and comment on his site.
Ashraf
Watch this chart!!!!!
Tell what will happen next?
-When the Dow fell below the 200-day moving average;
-After the Dow closed above the 50-day moving average
-When the Dow hit a new low for the year.
-The break below the June 8 low of 9757 (confirming a head-and-shoulders pattern)
read more
http://www.ritholtz.com/blog/2010/07/kilgore-beware-technical-trap-lower-lows/
http://www.washingtonpost.com/wp-dyn/content/graphic/2010/07/14/GR2010071403101.html
by Peter Boockvar
Within the minutes of the June FOMC meeting where they reviewed the economic stats seen since the prior meeting, they believed looking forward that the recovery in economic activity would be moderate thru 2011, supported by accommodative monetary policy, an attenuation of financial stress, and strengthening consumer and business confidence. They did say that the pace of recovery will be somewhat slower than previously predicted and they also reduced their expectations for both headline and core inflation slightly. Some members wanted to consider whether further policy stimulus might become appropriate if the outlook were to worsen appreciably. In terms of helping the economy, I believe their gun is out of real bullets and all they got left is water. They have reached the law of diminishing returns and Fed impotence is a growing risk
http://www.economy.com/dismal/map/default.asp
http://www.youtube.com/watch?v=ct4BxPxRBO0
the cuddle report.