Ashraf! Are you expecting a Brexit to actually happen!!?? I feel that the world doesn't want it so much that "they'll" fix the polls in favor of staying in regardless... Not to be such a conspiracy theorist...
GBP/NZD daily chart - looks like a 3rd gravestone doji formed AND the death cross 50DMA below the 200DMA is confirmed. Look what happened after the last two gravestone dojis... Perhaps they're not perfect "gravestone dojis", but looking close and good. I prefer GBP/NZD short over GBP/AUD short due to less involvement with China and most likely, less interest rate risk involvement. A short to consider! Thoughts???
Can you please explain the implications of the Gold/Oil ratio? I saw you tweeted about it, and my book of yours is buried somewhere - time to write a new one!
I see some possible serious moves with it - double-top in the 30's? Or it crashes straight through to all-time highs... If resistance holds, does CAD make a comeback? With this environment, and probably few if any rate hikes, I don't see gold going much lower. Perhaps the biggest surprise of 2016 is that oil rebounds (sharply)??
Thanks, Rob (one of the original forum contributors :))
Thanks OGWT - I went long at .7355 - hoping for a break of the weekly trendline, it's been knocking on that line for while - has to get through sometime (OK, no it doesn't but...). Then on to at least .75 if not weekly 100MA a bit above .76. With BOE having to be dovish as well - it looked right to me. Only thing is it's still well within a downward monthly channel.
Ashraf and others - being negative on GBP and positive on EUR - wouldn't that seem a perfect opportunity to go long EUR/GBP? Monthly chart is still showing a downtrend, but daily and weekly look to be coming alive.
Has anyone looked at the gold-oil ratio recently? At 28+ it's looking like it should come down quite a bit with 30 being a pretty major resistance. Perhaps oil will surprise to the upside in a big way in 2016, and maybe CAD along with it...
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 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(10 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(10 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 (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 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(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
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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Your opinion is appreciated.
Can you please explain the implications of the Gold/Oil ratio? I saw you tweeted about it, and my book of yours is buried somewhere - time to write a new one!
I see some possible serious moves with it - double-top in the 30's? Or it crashes straight through to all-time highs... If resistance holds, does CAD make a comeback? With this environment, and probably few if any rate hikes, I don't see gold going much lower. Perhaps the biggest surprise of 2016 is that oil rebounds (sharply)??
Thanks,
Rob (one of the original forum contributors :))