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 |
Of Gold Extensions مقياس إمتدادات الذهب
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..
since 2003 we are in a commodity supercycle and right now we are in the pause for the next phase of the this cycle.
oil and gold have moved in tandem with positive correlation so mind the importance of this long term line that is gonna be broken down a bit in the medium term.
my target of 827 dollars is accurate but we are gonna observe still a rout in commodities by year end with a possibly to see the GC goingto 1178 dollars an ounce on sian risk aversion.
as for oil mind that this year is gonna see the price of crude ending at less than 20 dollars a barrel.
profit taking will happen during the course of 2016 in us indice with the tone given today with pre open market futures at minus 36 for s&p500
it is healthy to have drawdown in the market but i dont think we can call a recession even if sentiment will hover its median line.
us money managers will shop in europe searching for yield...
and probably and warning of downgrade on japan debt
GC at target 826dollar an ounce for 2016 with full corrleation in term of price of currency
euro drag down also on commod rout and ecb continuation of asset purchase
oil searching for the support to reach for first semester 67 and then year end 17 dollar
euro for making the 1.1789 before entering the last leg of draw down to first .98 then .92 on fin ext.
multi weeks and day support reach on usd/chf at psychological level
good buying opportunity at around actual level
mind that swiss was overhaeting during time of us QE with capital inflow reaching its paroxism agianst its main trading partners the EU and that why the SNB decided in january to devalue its currency against euro by 20 cents .
right now swiss eco is doing pretty well especally the industrial side ; order book are full.
so keep on going long this usd/chf and mind the differential rate between the us gvt bonds and the snb rate decision.
still safe and sound for advising..
been burnt several times on trading but overall i hope gain will come this year inchallah.
how is your euro trading doing
no news from DaveO.
euro at level of 1.07 for further push up during january toward the 1.145 level.
people are little kids when they want something
everyone wanted the interest rate hike even with the risk of parity for the first quarter of 2016.
its christmas before christmas...
wti target for end year beginning january is at 33 level for technical rebound toward of 36/37 dollar a barrel for rest of january
target for CL end first quarter is 25 dol a barrel
some como analyst are pointing a further deterioration in price for crude with a target of 17/18 due to capex decrease and crack spread yielding in favour of a further como rout.
could it be the third of a consolidation pattern or the begining of buying opportunity toward the 1.14 and like i stated a consolidation for first quarter 2016shall see draghi wit the repurachase program...