eur/usd just hit 1.4455 before they called in the calvary to shore things up.
Ashraf may be correct with his 1.42 call-perhaps a day or two early!
The funny thing is, people think it is at support. It didn't even fill the manic run-up of yesterday yet. Closed at 1.4417 on Friday. So they think they have the buy of the century with eur at 1.4455.
@chloe: top line should mean more than bottom line, as it isdifficult to mess or fudge with the top line (sales are sales), but all sorts of accounting shenanigans can be done to manipulate a bottom line numer (earnings).
Ashraft stated earlier in his tweet: "brace urselves for the cacophony of Guidance EarningsEstimates WhisperNumbers ToplineEarnings Revenues Organic earngs, Post & PreTarp $$".
Personally, I love those organic earnings numbers.
Humurous watching trapped longs in trash gpd and eur bid eur 15 pips and gdp 20 pips when they were about to crack the 1.4500 and 1.6100. They act as of if their life depends on staying above these levels at ALL costs.
I just read a report from a MINDLESS analyst regarding aussie. This is typical: "auusie tangoing with copper prices, and and usd weakness means aussie could climb higher...WE ARE BACK TO THAT PARADOX, GOOD ECONOMIC OUTLOOK IN U.S., GOOD FOR RISK, SELL THE BIG DOLLAR, BUY THE RISK, SO THER AUSSIE, EUR AND METALS MAY BENEFIT.
Um, excuse me Mr. Analyst, didn't we just receive poor economic U.S. Data in the form of the NFP on Friday? So let me understand this, poor economic data in the U.S. is good for risk because the world is recovering ex-U.S., and good economic data is also good for risk.
This is the same nonsense they spewed in the late go-go 90s in the U.S. stock market to lead the lambs to slaughter in late 2000.
@frank: Cramer is othing more than a Shock Jock! It is well-known years ago he front-ran all the time. I actually kind of enjoyed listening to him rant and rave and point fingers at the establishment (of which he is a part of) when the Dow was back at the 6600 level.
BTW, I am expecting a jpy sell-off in asia, and for a strong possibility that some of the gaps and siilly run-ups in trash gbp and eur will be filled or retraced.
Usd/Jpy making that grind for an attempt to close at 92.2 or above, important for technical reasons detailed by Ashraf.
Overall, one has to be impressed with the overall strength of the dollar index hanging in their under tremendous duress. Id this is all the Usd bears have to offer, then it is "Kitty bar the door" for long eur and gbp partisans.
Speaking of partisan...
@Partisan: I note your words, and have apologized to all forum members and to Ashraf. I was out of line. Please accept my apologies.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Ashraf may be correct with his 1.42 call-perhaps a day or two early!
The funny thing is, people think it is at support. It didn't even fill the manic run-up of yesterday yet. Closed at 1.4417 on Friday. So they think they have the buy of the century with eur at 1.4455.
Ashraft stated earlier in his tweet: "brace urselves for the cacophony of Guidance EarningsEstimates WhisperNumbers ToplineEarnings Revenues Organic earngs, Post & PreTarp $$".
Personally, I love those organic earnings numbers.
I just read a report from a MINDLESS analyst regarding aussie. This is typical: "auusie tangoing with copper prices, and and usd weakness means aussie could climb higher...WE ARE BACK TO THAT PARADOX, GOOD ECONOMIC OUTLOOK IN U.S., GOOD FOR RISK, SELL THE BIG DOLLAR, BUY THE RISK, SO THER AUSSIE, EUR AND METALS MAY BENEFIT.
Um, excuse me Mr. Analyst, didn't we just receive poor economic U.S. Data in the form of the NFP on Friday? So let me understand this, poor economic data in the U.S. is good for risk because the world is recovering ex-U.S., and good economic data is also good for risk.
This is the same nonsense they spewed in the late go-go 90s in the U.S. stock market to lead the lambs to slaughter in late 2000.
BTW, I am expecting a jpy sell-off in asia, and for a strong possibility that some of the gaps and siilly run-ups in trash gbp and eur will be filled or retraced.
Bid up 20 pips after gold closed just to collect premium at 5 pm NYT.
Expect Jpy selling to supoory jpy crosses in Asia today.
Overall, one has to be impressed with the overall strength of the dollar index hanging in their under tremendous duress. Id this is all the Usd bears have to offer, then it is "Kitty bar the door" for long eur and gbp partisans.
Speaking of partisan...
@Partisan: I note your words, and have apologized to all forum members and to Ashraf. I was out of line. Please accept my apologies.